Results - Financial Results for June Quarter 2025
Awaiting price reaction for this filing.
Mahaveer Infoway reported Q1 FY26 unaudited revenue from operations of Rs 75.41 lakhs, down from Rs 82.61 lakhs in Q1 FY25 but up sharply from Rs 24.74 lakhs in Q4 FY25. Profit before tax stood at Rs 10.05 lakhs versus a loss of Rs 13.87 lakhs in the previous quarter and Rs 1.75 lakhs profit a year ago. Total assets grew to Rs 836.25 lakhs from Rs 729.55 lakhs as of March 2025. The board approved several changes: appointment of Mr. Sachin Jain as Additional Executive Director, resignation of independent director Mr. Vijay Jain, and appointment of Mr. Ashitosh Kothari as the new CFO. The company also indicated a strategic shift toward import and distributorship of electronic items, and approved enhanced borrowing powers up to Rs 100 crores. AGM is scheduled for August 29, 2025.
Operational recovery vs the preceding quarter is positive, but year-on-year revenue decline and a small profit base suggest the core IT & consultancy business remains under pressure. Multiple board-level changes, a new CFO, and a stated pivot to electronics distribution signal a potential strategic reset, which shareholders should watch closely in coming quarters.