Un-Audited Financial Results for the Quarter and Nine Months ended on December 31, 2025
Awaiting price reaction for this filing.
Mahan Industries reported strong revenue growth for Q3 FY26, with revenue from operations rising to Rs. 159.36 lakhs versus Rs. 94.34 lakhs in Q3 FY25, an increase of about 69%. For the nine-month period (9M FY26), revenue surged to Rs. 349.59 lakhs from Rs. 178.01 lakhs in 9M FY25, nearly doubling year-on-year. However, the company swung to a larger loss of Rs. 26.97 lakhs in Q3 FY26 compared with a small loss of Rs. 1.39 lakhs in the year-ago quarter. The 9M FY26 net loss widened sharply to Rs. 26.52 lakhs against a profit of Rs. 5.03 lakhs in 9M FY25. An exceptional item of Rs. 8.18 lakhs was recorded in Q2 FY26, and EPS for 9M FY26 was negative Rs. 0.59. The auditor S D P M & Co. issued an unqualified limited review report with no qualifications or going concern flags.
Strong top-line growth has not translated into profitability — costs are scaling faster than revenue, deepening losses. For shareholders, this signals that while business volume is recovering, the company has yet to reach break-even, which could weigh on the stock despite the revenue momentum.