Approval of unaudited Standalone and Consolidated financial results for quarter ended 30th June 2025
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Awaiting price reaction for this filing.
Mohite Industries' board approved its Q1 FY26 (quarter ended 30 June 2025) unaudited results, reporting a sharp year-on-year decline. Standalone net sales fell to ₹2,141.08 lakhs from ₹3,087.70 lakhs (-30.7% YoY), and the company swung from a profit of ₹38.70 lakhs to a loss of ₹157.04 lakhs after tax. Consolidated performance was weaker, with revenue dropping to ₹2,536.53 lakhs from ₹4,688.45 lakhs (-46%) and a loss of ₹101.40 lakhs versus a profit of ₹210.30 lakhs YoY. The Textiles segment saw revenue drop while Hydro Power held steady. The board also appointed M/s N.M. Pathan & Co. as Internal Auditor, S.V. Vhatte & Associates as Cost Auditor, and CS Sachin Bidkar as Secretarial Auditor for FY26, and fixed the 34th AGM for 30 September 2025. Statutory auditors issued an unmodified limited review opinion.
Negative for shareholders — both top line and bottom line deteriorated sharply, with the company slipping into losses versus a profit base last year, which could weigh on the stock in the near term.