Q1 FY27 result: profit up about 46 percent, revenue down 22 percent YoY
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Awaiting price reaction for this filing.
Mount Housing and Infrastructure posted Q1 FY27 standalone results. Revenue from operations fell to 310.43 lakhs from 400.53 lakhs a year ago, a drop of about 22 percent. Total income stood at 311.10 lakhs against 401.76 lakhs. Total expenses eased to 305.17 lakhs from 396.56 lakhs. Profit before tax rose to 5.92 lakhs from 5.20 lakhs, and profit after tax climbed to 5.20 lakhs from 3.56 lakhs, up about 46 percent. EPS was 0.02 against 0.01. Statutory auditors Raja and Raman issued an unmodified limited review opinion.
Higher profit on lower revenue shows margin improvement, but the sharp revenue drop may concern investors about demand.