Financial Result
MUKANDLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mukand Limited reported Q1 FY26 standalone revenue from operations of Rs. 1,102.39 crore, down ~7.2% from Rs. 1,188.66 crore in Q1 FY25. Despite the revenue dip, standalone profit after tax jumped ~29% to Rs. 33.82 crore (from Rs. 26.19 crore), with EPS rising sharply to Rs. 2.45 vs Rs. 1.21, aided by lower raw material costs and higher other income. Consolidated PAT grew ~20% to Rs. 29.03 crore on revenue of Rs. 1,128.71 crore (down ~10%). The board approved the sale of ~20 acres of land in Thane for Rs. 673 crore (Rs. 110 crore advance already received). The Industrial Machinery Division has been classified as discontinued operations ahead of its slump sale to wholly-owned subsidiary Mukand Heavy Engineering Limited.
Strong profit growth on cost optimisation is positive for shareholders, though revenue softness in the core Specialty Steel segment warrants attention. The Rs. 673 crore land sale and the discontinued-operations reclassification are significant one-time events that could boost future cash flows and sharpen focus on the steel business.