Mittal Life Style Limited has submitted to the Exchange, the financial results for the period ended September 30, 2025.
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Mittal Life Style Limited's Board, at its meeting on November 3, 2025, approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025, along with the Limited Review Reports from statutory auditor M/s. Akhilesh Pandey & Co. The consolidated results now include the newly acquired wholly-owned subsidiary J K Infrasol Private Limited (acquired on June 2, 2025), which contributed revenue of Rs. 150.74 lakhs and a net profit after tax of Rs. 28.69 lakhs in Q2 FY26. The auditor gave a clean (unmodified) review conclusion on both standalone and consolidated results, but flagged an emphasis-of-matter note that the subsidiary's consolidation is on a provisional basis pending full Ind AS transition. On the standalone balance sheet, total equity declined from Rs. 6,718.82 lakhs (March 2025) to Rs. 4,439.01 lakhs, and cash & equivalents fell sharply from Rs. 451.47 lakhs to Rs. 50.23 lakhs, while net cash from operating activities remained positive at Rs. 206.31 lakhs for H1 FY26.
Clean auditor review supports near-term confidence, but the sharp drop in standalone equity and cash warrants a closer look at capital allocation (dividends/buybacks/investments). Inclusion of the new subsidiary will inflate consolidated revenue and earnings going forward, making year-on-year comparisons more meaningful only from FY27 onwards.