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MITCON Utilizes ₹19.94 Crore of Rights Issue Proceeds; ₹10.80 Crore Remaining in FDs
MITCON Consultancy & Engineering Services has reported the utilization of its Rights Issue proceeds for the period ending December 31, 2025. Out of the total ₹30.74 crore raised, the company has cumulatively utilized ₹19.94 crore across various business objectives. A significant portion of the funds has been directed toward working capital requirements and general corporate purposes, totaling approximately ₹18.35 crore. Currently, ₹10.80 crore remains unutilized and is parked in fixed deposits and bank accounts.
Key Highlights
Total Rights Issue proceeds received amounted to ₹30.74 crore after adjusting for unsubscribed portions.
Cumulative utilization stands at ₹19.94 crore, representing approximately 65% of the total funds raised.
₹12.50 crore was fully utilized for incremental working capital requirements as planned.
₹10.80 crore remains unutilized, primarily held in ICICI Bank fixed deposits and escrow accounts.
Investments in subsidiaries and joint ventures like MITCON Sun Power and MITCON Nature Based Solutions are ongoing.
💼 Action for Investors
Investors should track the deployment of the remaining ₹10.80 crore into high-margin segments like the Environment Laboratory and subsidiary expansions. The heavy utilization for working capital suggests a focus on operational liquidity rather than immediate capital expenditure.
MITCON Q3 FY26 Standalone Net Profit at ₹85.41 Lakhs; Revenue Up 8.7% YoY
MITCON Consultancy & Engineering Services reported a standalone revenue of ₹1,143.20 Lakhs for Q3 FY26, an 8.7% increase from ₹1,051.97 Lakhs in the same quarter last year. Despite the revenue growth, Profit Before Tax (PBT) declined by 14.2% YoY to ₹118.00 Lakhs, primarily due to increased operating and other expenses. Net profit for the quarter saw a marginal increase of 4% YoY to ₹85.41 Lakhs. The company's core Consultancy and Training segment continues to be the primary revenue driver, while the Project Service segment experienced a significant decline.
Key Highlights
Standalone Revenue from operations grew 8.7% YoY to ₹1,143.20 Lakhs in Q3 FY26.
Net Profit for the quarter stood at ₹85.41 Lakhs compared to ₹82.09 Lakhs in Q3 FY25.
Consultancy and Training segment revenue increased by 23.7% YoY to ₹1,068.24 Lakhs.
Project Service segment revenue dropped sharply to ₹69.08 Lakhs from ₹182.64 Lakhs YoY.
Nine-month standalone net profit declined by 22.4% YoY to ₹313.15 Lakhs from ₹403.54 Lakhs.
💼 Action for Investors
Investors should monitor the company's ability to manage rising operating costs and the recovery of the Project Service segment. The core consultancy business remains stable, but the decline in nine-month profitability warrants a cautious approach.
MITCON Q3 FY26 Standalone PAT Rises 4% to ₹85.4 Lakhs; Revenue Up 8.7% YoY
MITCON Consultancy & Engineering Services reported a 9.5% YoY increase in total standalone income to ₹1,282.32 Lakhs for the quarter ended December 31, 2025. While Net Profit (PAT) saw a modest 4% growth to ₹85.41 Lakhs, Profit Before Tax (PBT) actually declined by 14.2% YoY to ₹118 Lakhs due to increased operating and other expenses. The Consultancy and Training segment remains the primary driver, showing robust growth, whereas the Project Service segment experienced a significant revenue contraction. Additionally, the company announced unspecified changes in its Senior Management Personnel.
Key Highlights
Standalone Revenue from Operations grew 8.7% YoY to ₹1,143.20 Lakhs in Q3 FY26.
Consultancy and Training segment revenue increased 23.7% YoY to ₹1,068.24 Lakhs.
Project Service segment revenue saw a sharp decline of 62% YoY, falling to ₹69.08 Lakhs.
Profit Before Tax (PBT) fell to ₹118 Lakhs from ₹137.56 Lakhs in the year-ago period.
Paid-up equity share capital increased to ₹1,741.84 Lakhs from ₹1,449.88 Lakhs YoY, leading to diluted EPS of ₹0.48.
💼 Action for Investors
Investors should monitor the sustainability of growth in the core consultancy segment and investigate the cause of the sharp revenue drop in Project Services. The decline in PBT despite higher revenue suggests margin pressure that needs to be watched in upcoming quarters.