Mindteck (India)'s Q1 FY 2025-26 Quarterly Results

Result Summary

• Mindteck (India) Ltd reported a 4.4% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Jun (Q1 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a decline of 5.6%.
• Its expenses for the quarter were up by 1.6% QoQ and down 7.2% YoY.
• The net profit increased 35.0% QoQ and increased 37.1% YoY.
• The earnings per share (EPS) of Mindteck (India) Ltd stood at 2.7 during Q1 FY 2025-26.

Financial Statments for Q1 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Mindteck (India) Ltd is a technology solutions company that primarily operates in the IT services industry. The company offers a range of services including software development, IT consulting, and system integration, with a focus on providing custom solutions to meet specific client needs. Mindteck serves a diverse clientele, including sectors such as healthcare, banking, and manufacturing. As of the latest available information up to October 2023, the company has not reported any major recent developments or strategic shifts in its operations.

Revenue

For Q1FY26, Mindteck (India) Ltd reported a total income of ₹103.95 crores. This represents a quarter-over-quarter (QoQ) increase of 4.4% compared to Q4FY25, where the total income was ₹99.56 crores. However, on a year-over-year (YoY) basis, there was a decrease of 5.6% from Q1FY25 when the total income stood at ₹110.11 crores. The QoQ growth indicates a positive trend in revenue generation for the current quarter, although the YoY decline suggests a contraction compared to the same period last year.

Profitability

The Profit Before Tax (PBT) for Q1FY26 was ₹10.76 crores, showing a significant QoQ increase of 36.9% from ₹7.86 crores in Q4FY25, and a YoY increase of 35.9% from ₹7.92 crores in Q1FY25. After accounting for taxes, the Profit After Tax (PAT) was ₹8.75 crores, marking a QoQ growth of 35.0% from ₹6.48 crores in the previous quarter, and a YoY rise of 37.1% from ₹6.38 crores in the corresponding quarter of the previous year. Additionally, the Earnings Per Share (EPS) for Q1FY26 was ₹2.70, which increased by 8.0% both QoQ and YoY from ₹2.50.

Operating Metrics

Total expenses for Mindteck (India) Ltd in Q1FY26 were recorded at ₹93.19 crores, which is a 1.6% increase from ₹91.70 crores in Q4FY25. However, when compared to Q1FY25, there was a reduction of 7.2% from ₹100.46 crores. The tax expense for Q1FY26 was ₹2.01 crores, which increased by 45.7% from ₹1.38 crores in Q4FY25, and by 30.5% from ₹1.54 crores in Q1FY25. These metrics indicate changes in the cost structure and tax obligations over the quarters and year. Despite these changes, the company has managed to enhance its profitability metrics, as evidenced by the growth in PBT and PAT.