Munjal Auto Industries Limited has informed the Exchange about change in Management
MUNJALAU · price
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Munjal Auto Industries informed the exchanges about changes in its finance leadership and its Q1 FY26 (June 2025) results. Mr. Brham Prakash Yadav resigned as Chief Financial Officer (KMP) to pursue other opportunities, and will be relieved after business hours on October 15, 2025. The Board approved the appointment of Mr. Nitin Bachchavat, a Chartered Accountant with over 21 years of experience across firms like DuPont, Hindalco, Kalpataru Power Transmission, and DCM Shriram, as the new CFO effective October 15, 2025. For the quarter, standalone revenue fell sharply to ₹20,675.76 lakhs from ₹31,816.68 lakhs in the same quarter last year, while standalone profit after tax dropped to ₹837.19 lakhs from ₹1,433.47 lakhs. Consolidated revenue was ₹49,101.52 lakhs with profit after tax of ₹1,931.49 lakhs. The auditor (K C Mehta & Co LLP) issued an unmodified limited review report on both sets of results.
The CFO transition appears orderly and well-planned with a successor already lined up, which should provide continuity. However, the steep year-on-year decline in standalone revenue and profits is a concern for shareholders and may weigh on the stock in the short term.