Un-Audited Financial Results for the Quarter and Half Year ended on 30.09.2025
Awaiting price reaction for this filing.
Mahan Industries reported strong topline growth for Q2 FY26 with revenue from operations rising to ₹137.22 lacs from ₹52.71 lacs a year ago (over 2.5x jump). Half-year total income more than doubled to ₹215.51 lacs versus ₹83.71 lacs in H1 FY25, and H1 profit after tax grew about 63% to ₹10.49 lacs (from ₹6.43 lacs). However, standalone Q2 PAT slipped to ₹2.38 lacs from ₹8.11 lacs YoY, suggesting thin and volatile margins. The Board also accepted the resignation of CFO Mr. Sunil Prataprai Gurnani for personal reasons and appointed Mr. Niranjan Jain, a Chartered Accountant with 20+ years of experience who is also an existing Director on the Board. Statutory auditor SDPM & Co. issued an unmodified limited review report.
The sharp revenue jump is a positive signal of business revival, but the very small absolute PAT (₹2.38 lacs in Q2) and high borrowings of ₹346.66 lacs against equity of ₹526.58 lacs mean profitability remains fragile. Shareholders should watch margin sustainability and the unusual CFO arrangement where the new CFO is also a sitting Director.