Outcome of Board Meeting held on Friday, the 14th day of November, 2025 under regulation 30 read with 33(3)(c) of SEBI (Listing Obligations and Disclosure requirements) regulations, 2015
Awaiting price reaction for this filing.
Mahaveer Infoway's board approved standalone unaudited results for Q2/H1 FY26 (ended September 30, 2025). Revenue from operations stood at Rs 67.25 lakhs in Q2 (down from Rs 75.41 lakhs in Q1 and Rs 101.62 lakhs YoY), with H1 revenue at Rs 142.67 lakhs versus Rs 184.23 lakhs last year. Profit before tax for Q2 was a thin Rs 2.73 lakhs (vs Rs 10.05 lakhs in Q1), with H1 PBT at Rs 12.79 lakhs and EPS of Rs 0.23. Only the IT & Consultancy segment is active — Mobiles and Educational segments contributed nothing. The board also approved the sale of the company's partnership interest in Mahaveer Skyscrapers LLP (a related-party transaction under Reg 23) and noted two Income Tax department appeals against earlier favorable orders for AY 2014-15 and 2015-15.
Results show continued revenue decline and margin compression, with profitability down sharply QoQ. The LLP stake sale could bring in cash but reduces exposure to a real estate associate, while the tax department's appeals against prior favorable orders pose a potential future liability risk for shareholders.