The Board, inter alia, considered and approved the following: 1. Un-audited Standalone and Consolidated Financial Results of the Company for the quarter and half year ended September 30, ....
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The board of Mizzen Ventures Ltd approved its unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025, along with the limited review reports from statutory auditors Bhuwania & Agrawal Associates (unqualified/clean). On a standalone basis, Q2 FY26 revenue from operations stayed flat year-on-year at Rs 27.00 lakhs, but H1 FY26 revenue jumped to Rs 54.00 lakhs from Rs 18.00 lakhs in H1 FY25. Standalone profit after tax swung from a loss of Rs 26.73 lakhs in Q2 FY25 to a profit of Rs 30.73 lakhs in Q2 FY26, with H1 FY26 PAT at Rs 61.84 lakhs versus a loss of Rs 38.90 lakhs a year earlier. Consolidated H1 FY26 revenue rose to Rs 90.97 lakhs (vs Rs 50.39 lakhs) and PAT was Rs 68.16 lakhs (vs a loss of Rs 26.73 lakhs). The company also received fresh equity proceeds of around Rs 1,897 lakhs during the period, lifting cash and equivalents.
A clear turnaround story for shareholders — the company moved from losses to healthy profits on both standalone and consolidated bases, supported by a strong equity infusion. However, standalone other equity remains negative at Rs -455.10 lakhs, signalling historical accumulated losses that still need to be recovered. Short-term sentiment is likely positive given the profit rebound, but investors should watch whether revenue growth sustains beyond the current small base.