Outcome of Board Meeting
MUKANDLTD · price
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Mukand Limited's Board approved unaudited standalone and consolidated financial results for Q3 and nine months ended December 31, 2025. Standalone revenue from operations rose to Rs. 1,300.18 Cr in Q3 FY26 from Rs. 1,222.67 Cr in Q3 FY25, while standalone PAT for the quarter stood at Rs. 17.21 Cr versus Rs. 16.31 Cr a year ago. However, nine-month standalone revenue dipped to Rs. 3,546.71 Cr from Rs. 3,636.10 Cr (restated), and consolidated nine-month PAT fell sharply to Rs. 29.17 Cr from Rs. 64.53 Cr (restated). Prior period figures were restated following the NCLT-approved demerger of the Stainless Steel Cold Finished Bars and Wires business of Mukand Sumi Metal Processing Ltd into Mukand Ltd, effective April 1, 2024. The company also disclosed an agreement to sell ~20.66 acres of land at Kalwe/Dighe for about Rs. 673 Cr (Rs. 110 Cr advance received) and the ongoing slump sale of its Industrial Machinery Division (EOT Cranes) to wholly-owned subsidiary Mukand Heavy Engineering Ltd, classified as a discontinuing operation. Niraj Bajaj was re-appointed as Chairman & Managing Director and Nirav Bajaj as Whole-Time Director, each for a 3-year term, subject to shareholder approval.
Short-term positives from higher Q3 standalone profit and the Rs. 673 Cr land monetization plan are offset by weak consolidated earnings and declining nine-month revenue. The continuing Bajaj family leadership provides stability, but shareholders should watch the completion of the land sale, the slump sale to MHEL, and any further margin pressure in the consolidated business.