Pursuant to Regulation 33 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI LODR Regulations'), ....
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Mizzen Ventures' board approved its unaudited standalone and consolidated financial results for the quarter and nine months ended 31 December 2025. For the quarter, standalone revenue from operations was Rs. 27.00 lakhs with a small net loss of Rs. 1.86 lakhs, mainly due to tax provisions of Rs. 23.35 lakhs including an excess income-tax provision of Rs. 10.93 lakhs. On a nine-month basis, the company swung to a profit of Rs. 59.98 lakhs (standalone) versus a loss of Rs. 36.21 lakhs in the same period last year, helped by the first-time recognition of revenue from operations of Rs. 81 lakhs. Consolidated nine-month profit stood at Rs. 34.81 lakhs against a loss of Rs. 35.89 lakhs earlier. The statutory auditor issued an unqualified limited-review report.
The nine-month results show a clear turnaround from last year's losses, but the small Q3 standalone dip into loss despite continued revenue indicates profitability is still thin and heavily dependent on tax adjustments. Shareholders should watch whether the new revenue stream sustains and whether Q4 margins improve meaningfully.