Mohit Industries Limited has informed the Exchange regarding Board meeting held on August 12, 2025.
MOHITIND · price
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Awaiting price reaction for this filing.
Mohit Industries' board approved its Q1 FY26 unaudited standalone and consolidated results on August 12, 2025. Revenue from operations rose sharply to ₹3,224.49 lakhs, up about 52% from ₹2,117.56 lakhs in the same quarter last year. However, costs climbed faster, with total expenses at ₹3,332.25 lakhs, leading to a pre-tax loss of ₹57.75 lakhs versus ₹43.03 lakhs a year ago. Net loss stood at ₹43.22 lakhs (EPS of negative ₹0.31), slightly worse than the ₹40.32 lakh loss in Q1 FY25. The auditor (Rajendra Sharma & Associates) issued a qualified limited review report, flagging that the company has not provided for post-employment and other long-term employee benefits on an accrual basis, which deviates from Ind AS 19.
Strong top-line growth is a positive, but persistent quarterly losses and an auditor qualification on employee benefit provisioning are concerns. Short-term stock reaction may be muted until profitability improves.