Mitcon Consultancy & Engineering Services' Q1 FY 2025-26 Quarterly Results

Result Summary

• Mitcon Consultancy & Engineering Services Ltd reported a 41.4% 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 1.0%.
• Its expenses for the quarter were down by 42.2% QoQ and up 2.2% YoY.
• The net profit decreased 51.8% QoQ and decreased 58.9% YoY.
• The earnings per share (EPS) of Mitcon Consultancy & Engineering Services Ltd stood at 0.7 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

Mitcon Consultancy & Engineering Services Ltd is a company engaged in providing consultancy and engineering services. The company's main focus is on offering advisory services in various sectors such as infrastructure, renewable energy, and environmental projects. Mitcon has established itself in the industry by leveraging its expertise to deliver comprehensive solutions. As of the latest update, no specific recent developments could be identified. The company is part of the consultancy and engineering sector, which typically involves project management, technical consultancy, and implementation services for various industries.

Revenue

In Q1FY26, Mitcon Consultancy & Engineering Services Ltd reported a total income of ₹24.81 crores. This marks a significant decrease of 41.4% when compared to the previous quarter (Q4FY25), where the total income was ₹42.34 crores. Comparatively, when looking at the year-over-year (YoY) data, the total income saw a minor decline of 1.0% from ₹25.07 crores in Q1FY25. The substantial quarter-over-quarter (QoQ) decline in revenue is notable, while the YoY decrease is relatively minimal, indicating stable performance relative to the same period last year.

Profitability

Mitcon's profitability in Q1FY26 saw notable changes compared to both the previous quarter and the previous year. The profit before tax was reported at ₹1.62 crores, down by 28.0% from ₹2.25 crores in Q4FY25. Year-over-year, there was a decline of 31.9% from ₹2.38 crores in Q1FY25. The Profit After Tax (PAT) for Q1FY26 was ₹1.20 crores, representing a sharp decline of 51.8% from Q4FY25's ₹2.49 crores, and a 58.9% decrease from ₹2.92 crores in Q1FY25. Earnings per Share (EPS) also fell significantly by 63.2% QoQ and 66.7% YoY, with Q1FY26 EPS at ₹0.70 compared to ₹1.90 in Q4FY25 and ₹2.10 in Q1FY25.

Operating Metrics

The total expenses for Q1FY26 were ₹23.19 crores, which represents a decrease of 42.2% from ₹40.10 crores in Q4FY25. Compared to Q1FY25, expenses increased by 2.2% from ₹22.68 crores. The company's tax expense saw a significant change, with Q1FY26 recording a tax of ₹0.46 crores, a stark contrast to the tax credits of -₹0.78 crores in Q4FY25 and -₹0.94 crores in Q1FY25. The changes in tax expenses have impacted the net profitability metrics. These figures indicate shifts in the company’s cost management and tax liabilities over the assessed periods.