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Mohit Industries Q3 FY26 Revenue Up 22.7% YoY; Net Loss Narrows to ₹29.58 Lacs
Mohit Industries reported a 22.7% YoY increase in standalone revenue to ₹3628.86 Lacs for the quarter ended December 31, 2025. While the company remains in a net loss position of ₹29.58 Lacs, this is an improvement from the ₹57.17 Lacs loss in the same quarter last year. On a consolidated basis, Total Comprehensive Income surged to ₹4315.08 Lacs, primarily driven by a significant ₹3793.23 Lacs gain in other comprehensive income from associates. Management expects future profitability to improve due to relaxed BIS guidelines allowing for cheaper raw material imports and normalized solar power generation.
Key Highlights
Standalone revenue from operations grew 22.7% YoY to ₹3628.86 Lacs from ₹2957.89 Lacs.
Standalone net loss narrowed to ₹29.58 Lacs in Q3 FY26 compared to a loss of ₹57.17 Lacs in Q3 FY25.
Consolidated Total Comprehensive Income reached ₹4315.08 Lacs, boosted by ₹3793.23 Lacs in OCI from associate companies.
Auditor issued a qualified opinion regarding non-provisioning for post-employment benefits on an accrual basis (Ind AS 19 deviation).
Management noted that BIS guideline changes have removed certain raw materials from mandatory compliance, enabling more competitive import pricing.
💼 Action for Investors
Investors should monitor the company's ability to transition from narrowing losses to operational profitability, especially given the positive impact of raw material sourcing changes. However, the recurring auditor qualification regarding employee benefit provisions remains a point of caution for financial transparency.
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Mohit Industries Revises Rights Issue Size Downward to Rs 15 Crores
Mohit Industries Limited has announced a significant revision to its proposed fundraise via a rights issue. The Rights Issue Committee has reduced the total issue size to Rs 15 Crores, down from the previously approved limit of Rs 25 Crores set in November 2025. This adjustment indicates a change in the company's capital requirements or a more conservative approach to equity dilution. All other terms of the equity issuance remain the same as per the original board approval.
Key Highlights
Proposed rights issue size revised downward to a maximum of Rs 15 Crores.
Original fundraise limit was set at Rs 25 Crores on November 14, 2025.
The issuance will consist of equity shares offered to existing eligible shareholders.
The decision was finalized in a Rights Issue Committee meeting held on February 4, 2026.
All other terms and conditions of the proposed issue remain unchanged.
💼 Action for Investors
Investors should wait for the announcement of the record date and rights entitlement ratio to understand the exact dilution. The reduction in issue size is slightly positive for existing shareholders as it results in less equity dilution than originally planned.