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Mahalaxmi Rubtech Clarifies Q3 FY26 Financials; Net Profit Rises 11.5% YoY to ₹6.04 Cr
Mahalaxmi Rubtech Limited (MHLXMIRU) has addressed NSE's queries regarding its Q3 FY26 financial results, clarifying that segment reporting was omitted due to a clerical error as the company operates in a single segment. The company also resolved the missing UDIN issue in the auditor's report, attributing it to technical portal issues. Financially, the company reported a steady performance with Q3 revenue growing to ₹27.39 crore from ₹25.02 crore YoY. Net profit for the quarter increased by 11.5% to ₹6.04 crore, while nine-month profits showed a significant 34.4% growth reaching ₹16.36 crore.
Key Highlights
Revenue from operations for Q3 FY26 stood at ₹2,739.37 Lakhs, up from ₹2,502.29 Lakhs in Q3 FY25.
Net Profit for the quarter ended Dec 31, 2025, rose to ₹604.13 Lakhs compared to ₹541.54 Lakhs in the previous year.
Nine-month profit (Apr-Dec 2025) surged 34.4% to ₹1,635.61 Lakhs from ₹1,216.51 Lakhs YoY.
Basic and Diluted EPS improved to ₹5.69 for the quarter from ₹5.10 in the corresponding period last year.
Company confirmed it operates in a single reportable segment, resolving the exchange's compliance query.
💼 Action for Investors
The clarification resolves minor procedural lapses with the exchange, and the underlying financial growth remains healthy. Investors should monitor the company's ability to maintain this double-digit profit growth in upcoming quarters.
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Mahalaxmi Rubtech Q3 Net Profit Rises 11.6% YoY to ₹6.04 Cr; 9M Profit Up 34.4%
Mahalaxmi Rubtech reported a steady performance for Q3 FY26, with net profit increasing to ₹6.04 crore from ₹5.42 crore in the same quarter last year. While revenue from operations grew 9.5% year-on-year to ₹27.39 crore, it saw a sequential decline from ₹29.96 crore in Q2 FY26. Operational efficiency improved as Profit Before Tax (PBT) rose both YoY and QoQ, reaching ₹8.17 crore. For the nine-month period ended December 2025, the company showed strong growth with a 34.4% increase in net profit to ₹16.36 crore.
Key Highlights
Net Profit for Q3 FY26 grew 11.6% YoY to ₹604.13 Lakhs compared to ₹541.54 Lakhs in Q3 FY25.
Revenue from operations for the quarter stood at ₹2739.36 Lakhs, up 9.5% from ₹2502.25 Lakhs in the previous year.
Nine-month (9M FY26) Net Profit surged 34.4% to ₹1635.61 Lakhs against ₹1216.51 Lakhs in 9M FY25.
Earnings Per Share (EPS) improved to ₹5.69 for the quarter, up from ₹5.10 in the corresponding quarter last year.
Finance costs significantly decreased to ₹13.03 Lakhs in Q3 FY26 from ₹24.84 Lakhs in Q3 FY25, indicating improved debt management.
💼 Action for Investors
The company demonstrates consistent profit growth and improving margins, making it a stable hold for long-term investors. Investors should monitor if the sequential revenue decline is a seasonal trend or a sign of slowing demand in the technical coated fabrics segment.
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Mahalaxmi Rubtech Appoints Kaluram Birdaram Gurjar as CFO
Mahalaxmi Rubtech Limited has appointed Mr. Kaluram Birdaram Gurjar as its Chief Financial Officer (CFO) and Key Managerial Personnel, effective December 26, 2025. Mr. Gurjar is a highly qualified professional with over 20 years of experience in finance, accounting, auditing, and taxation. His background includes roles in corporate restructuring and project financing, which could benefit the company's financial strategy. The appointment was approved by the Board of Directors following the recommendation of the Nomination and Remuneration Committee.
Key Highlights
Appointment of Mr. Kaluram Birdaram Gurjar as CFO and KMP effective December 26, 2025
The new CFO brings over 20 years of experience in finance, auditing, and taxation
Qualifications include Fellow Member of ICAI, Associate Member of ICMAI, and DISA certification
Expertise spans corporate restructuring, project financing, and Ind AS compliance
💼 Action for Investors
Investors should monitor if the new CFO's extensive experience in project financing and restructuring leads to improved capital efficiency. No immediate action is required as this is a standard leadership transition.