Results for the quarter and year ended 31 March 2026
MOHITIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Mohit Industries Ltd reported audited financial results for Q4 and FY ended March 2026. The company posted a net loss of Rs 132.63 lakhs on standalone basis (EPS: -0.53) despite reporting total income of Rs 14,209.49 lakhs against total expenditure of Rs 14,342.12 lakhs. Auditors Rajendra Sharma & Associates issued a qualified opinion on both standalone and consolidated financial statements, citing non-compliance with Ind AS-19 for employee benefit accounting. The company has not provided for Post-Employment Benefits and other long-term employee benefits on accrual basis as required by Ind AS-19, instead accounting for them on cash basis. Critically, this qualification has been recurring since 2007 (19 years), indicating a long-standing audit concern. The quantum of impact remains unquantified as no actuarial report is available with management. The Board claims the actuarial consulting fees exceed annual liability, justifying their approach.
The qualified opinion and negative PAT represent significant concerns. The 19-year recurring qualification raises red flags about governance and accounting quality, while the operating loss of Rs 132.63 lakhs signals underlying business stress that shareholders should monitor closely.