Mukand's Q2 FY 2025-26 Quarterly Results

Result Summary

• Mukand Ltd reported a 0.3% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a decline of 8.1%.
• Its expenses for the quarter were up by 1.2% QoQ and down 7.3% YoY.
• The net profit decreased 66.0% QoQ and decreased 61.7% YoY.
• The earnings per share (EPS) of Mukand Ltd stood at 0.68 during Q2 FY 2025-26.

Financial Statments for Q2 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

Mukand Ltd is a well-established player in the Indian industry, primarily known for its operations in the manufacturing sector. The company specializes in manufacturing specialty steel long products and heavy machinery. It caters to various sectors including automotive, engineering, and construction, providing high-quality alloy steel products. Mukand Ltd has a diversified portfolio, which encompasses steel manufacturing, industrial machinery, and engineering projects. As of the latest available data, there are no recent major developments within the company that have been publicly disclosed.

Revenue

In the second quarter of the fiscal year 2026 (Q2FY26), Mukand Ltd reported a total income of ₹1163.38 crores. When compared to the previous quarter (Q1FY26), which recorded a total income of ₹1167.39 crores, there is a marginal decline of 0.3%. On a year-over-year basis, comparing Q2FY26 to the same quarter in the previous year (Q2FY25), which reported ₹1266.15 crores, there is a noticeable decrease of 8.1%. This reduction in total income suggests a contraction in revenue generation for the company over both the quarter-over-quarter and year-over-year periods.

Profitability

The profitability metrics for Mukand Ltd in Q2FY26 show a profit before tax (PBT) of ₹19.87 crores, which marks a significant decline of 47.3% from the previous quarter's PBT of ₹37.67 crores. Year-over-year, the PBT has decreased by 40.1% when compared to ₹33.19 crores recorded in Q2FY25. The tax expense for Q2FY26 was ₹9.99 crores, representing a 15.6% increase from the previous quarter and a 34.8% increase year-over-year. Consequently, the profit after tax (PAT) in Q2FY26 stood at ₹9.88 crores, significantly lower than the Q1FY26 PAT of ₹29.03 crores and the Q2FY25 PAT of ₹25.78 crores, reflecting declines of 66.0% and 61.7%, respectively. Earnings per share (EPS) similarly decreased to ₹0.68 in Q2FY26 from ₹2.01 in Q1FY26 and ₹1.78 in Q2FY25, showing reductions of 66.2% quarter-over-quarter and 61.8% year-over-year.

Operating Metrics

In Q2FY26, Mukand Ltd's total expenses amounted to ₹1143.51 crores, which represents a 1.2% increase compared to Q1FY26, where expenses were ₹1129.72 crores. When comparing year-over-year, there is a 7.3% decrease from Q2FY25, which reported total expenses of ₹1232.96 crores. These figures indicate a slight increase in operating expenses quarter-over-quarter, despite a year-over-year reduction. The data reflects operational challenges in terms of managing expenses against declining income, which impacts profitability metrics significantly.