Mirza International's Q1 FY 2025-26 Quarterly Results

Result Summary

• Mirza International Ltd reported a 6.8% quarter-on-quarter (QoQ) decrease 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 0.8%.
• Its expenses for the quarter were down by 7.8% QoQ and 2.1% YoY.
• The net profit increased 1396.6% QoQ and increased 2682.8% YoY.
• The earnings per share (EPS) of Mirza International Ltd stood at 1.3 during Q1 FY 2025-26.

Financial Statments for Q1 FY 2025-26

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

Company Overview

Mirza International Ltd is a notable player in the leather industry, primarily recognized for its production and export of leather footwear and accessories. The company operates under several renowned brands, catering to both domestic and international markets. Mirza International's product portfolio includes shoes, leather accessories, and apparel, aiming for a diverse consumer base. The company is headquartered in India and has established a significant presence in various international markets, particularly in the United Kingdom. In recent years, the company has focused on expanding its brand presence and enhancing its product offerings to maintain competitiveness in the dynamic fashion industry. However, specific recent developments related to Mirza International Ltd are not available from the data provided.

Revenue

In the first quarter of the fiscal year 2026, Mirza International Ltd reported a total income of ₹142.58 crores. Compared to the previous quarter, which concluded with ₹152.95 crores in total income, the company experienced a decrease of 6.8% in revenue. Additionally, when compared to the first quarter of the fiscal year 2025, where total income stood at ₹143.73 crores, there was a slight decline of 0.8% year-over-year. This reflects a relatively stable revenue trend with minor fluctuations over the considered periods. The revenue figures highlight the overall performance in terms of income generation from the company's core operations in the leather and footwear industry.

Profitability

For the first quarter of fiscal year 2026, Mirza International Ltd reported a significant increase in profitability metrics. The company achieved a profit before tax (PBT) of ₹21.51 crores, which represents an astounding quarter-over-quarter increase of 1425.5% from the prior quarter's PBT of ₹1.41 crores. Year-over-year, the PBT rose by 1855.5% from ₹1.10 crores in the previous year’s first quarter. After accounting for taxes amounting to ₹3.70 crores, the profit after tax (PAT) for Q1FY26 was ₹17.81 crores, marking a substantial growth of 1396.6% QoQ and 2682.8% YoY. Such increases in profitability are evident in the earnings per share (EPS), which increased to ₹1.30 from ₹0.10 in both the previous quarter and the same quarter last year, reflecting a 1200.0% increase both QoQ and YoY.

Operating Metrics

The operating metrics for Mirza International Ltd in the first quarter of FY26 show a reduction in total expenses to ₹139.68 crores. This represents a decrease of 7.8% compared to the previous quarter's expenses of ₹151.55 crores and a 2.1% drop from ₹142.62 crores in the first quarter of FY25. The decline in expenses alongside stable revenue figures has contributed to the significant increases in profitability metrics. The company's effective tax rate has also increased, with taxes rising to ₹3.70 crores from ₹0.22 crores in the previous quarter and ₹0.46 crores in the corresponding quarter of the prior year. This indicates a substantial increase in tax obligations, aligning with the increased profitability in the current quarter.