This is to inform you that the Board of Directors of the Company at its meeting held today 19th February, 2026 has inter alia considered, discussed and approved the un-audited financial ....
Awaiting price reaction for this filing.
Mahesh Developers Limited reported nil revenue from operations for Q3 FY26 and only Rs. 0.17 lakhs in other income for the nine months ended December 31, 2025. The company posted a profit before tax of Rs. 3.16 lakhs for the quarter (vs Rs. 0.49 lakhs in Q3 FY25) and Rs. 8.08 lakhs for nine months (vs a loss of Rs. 3.13 lakhs in the same period last year). Net profit for 9M FY26 came in at Rs. 5.98 lakhs versus a loss of Rs. 3.13 lakhs earlier, with EPS of Rs. 0.14. The profit appears largely driven by changes in inventory valuation and reclassification rather than actual business activity. Reserves remain in the negative at Rs. (13.77) lakhs, indicating accumulated losses. The company holds a 72% stake in partnership M/s Shreeji Life Space, which is executing a residential redevelopment project in Khar West, Mumbai, with a balance of Rs. 778.42 lakhs. The auditor issued an unmodified limited review report.
The headline turnaround from loss to profit is encouraging but should be viewed with caution since revenue is essentially zero and reserves remain negative, pointing to limited operational activity. Short-term stock impact is likely muted given the very small absolute numbers; investors should track actual project execution and revenue recognition from the partnership's redevelopment activity.