Mid India Industries Ltd (500277)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Mid India's revenue was ₹2.0 Cr (+34.3% year on year, -71.1% on the previous quarter), and net profit ₹-0.1 Cr (against a profit a year earlier); the operating margin was -7.3%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹2.0 | +34.3% | -71.1% |
| Operating profit | ₹-0.1 | to loss | to loss |
| Net profit | ₹-0.1 | to loss | to loss |
| EPS (₹) | -0.06 | to loss | to loss |
| Operating margin | -7.3% | — | — |
📢 Recent Corporate Announcements
Mid India Industries announced that shareholders have approved the reappointment of M/s ATM & Associates, Chartered Accountants, as statutory auditors at its 35th AGM held on September 28, 2026. The firm will serve a second consecutive term of five years, concluding at the 40th AGM for FY31. The meeting was conducted in 16 minutes, and the reappointment preserves audit continuity for the micro-cap textile company (market cap Rs 10 Cr).
- Reappointment approved at the 35th AGM on September 28, 2026
- Appointed for a 5-year second term until the 40th AGM for financial year ending March 31, 2031
- Auditor M/s ATM & Associates has over 13 years of standing (engaged since 2012)
- AGM commenced at 02:00 P.M. and concluded at 02:16 P.M.
Mid India Industries Limited has announced the schedule and electronic voting details for its 35th Annual General Meeting (AGM) to be held on September 28, 2026, via Video Conferencing. The cut-off date to determine member voting eligibility is September 21, 2026. Remote e-voting opens on September 25, 2026 (9:00 AM) and closes on September 27, 2026 (5:00 PM). A total of 3 resolutions are scheduled for shareholder vote, with results to be declared within two working days of the AGM.
- 35th AGM scheduled for Monday, September 28, 2026, at 2:00 PM via VC/OAVM
- Cut-off date for e-voting eligibility set for Monday, September 21, 2026
- E-voting period runs from Friday, September 25, 2026 (9:00 AM) to Sunday, September 27, 2026 (5:00 PM)
- Total of 3 resolutions to be considered by shareholders
- E-voting platform provided by Central Depository Services (India) Limited (CDSL)
Mid India Industries has proposed the re-appointment of ATM & Associates as its Statutory Auditor for a second five-year term, spanning FY 2026-27 to FY 2030-31. The appointment is effective from September 28, 2026, subject to shareholder approval at the upcoming Annual General Meeting (AGM). This is a procedural update for the micro-cap company, which currently has a market capitalization of Rs 10 crore and a negative net worth of Rs -4 crore. The auditing firm has been in practice since 2012 with over 13 years of standing.
- Re-appointment of ATM & Associates for a 5-year term until the conclusion of the 40th AGM in 2031
- Effective date of the second term is set for September 28, 2026
- The auditing firm has been active since 2012 with a professional standing of over 13 years
- Company financials show a TTM revenue of Rs 13 crore against a negative net worth of Rs -4 crore
Mid India Industries reported a 33.8% YoY increase in revenue to ‑‑2.00 Cr for Q1 FY27. However, the company swung to a net loss of ‑‑10.57 Lakhs, compared to a profit of ‑‑2.11 Lakhs in the same quarter last year. Sequentially, the performance was weak, with revenue dropping 71% from ‑‑6.93 Cr in Q4 FY26. The company's reserves remain deeply negative at ‑‑20.48 Cr, highlighting significant financial fragility.
- Revenue from operations grew 33.8% YoY to ‑‑200.09 Lakhs from ‑‑149.47 Lakhs.
- Net loss of ‑‑10.57 Lakhs recorded for Q1 FY27 against a profit of ‑‑2.11 Lakhs in Q1 FY26.
- Total expenses of ‑‑214.78 Lakhs exceeded total income of ‑‑204.21 Lakhs.
- Reserves excluding revaluation stand at ‑‑2,048.18 Lakhs as of June 30, 2026.
- Board recommended re-appointment of M/s. ATM & Associates as Statutory Auditors for a 5-year term.
Mid India Industries reported a weak start to FY27, posting a net loss of ₹10.57 Lakhs for the quarter ended June 30, 2026, compared to a profit of ₹34.72 Lakhs in the preceding quarter. Revenue from operations stood at ₹2.00 Cr, representing a sharp 71% sequential decline from ₹6.93 Cr in Q4 FY26, though it grew 34% year-on-year. The company continues to struggle with a negative net worth of approximately ₹-4.18 Cr, and its operations remain limited to low-margin trading activities.
- Net loss of ₹10.57 Lakhs in Q1 FY27 vs a profit of ₹34.72 Lakhs in Q4 FY26.
- Revenue from operations fell 71.1% sequentially to ₹200.09 Lakhs from ₹693.43 Lakhs.
- Total expenses of ₹214.78 Lakhs exceeded total income of ₹204.21 Lakhs during the quarter.
- Negative net worth persists with reserves standing at ₹-2,048.18 Lakhs against a share capital of ₹1,630 Lakhs.
- Board recommended re-appointment of M/s. ATM & Associates as Statutory Auditors for a second 5-year term.
Mid India Industries has scheduled a board meeting on August 12, 2026, to approve its unaudited financial results for the quarter ended June 30, 2026. The company, which operates in the textile sector, reported a TTM revenue of Rs 13 Cr and a marginal profit of Rs 0.3 Cr in FY26. With a small market capitalization of Rs 11 Cr and a negative net worth of Rs -4 Cr, these quarterly results are crucial for assessing the company's ongoing turnaround efforts. The trading window for insiders remains closed until 48 hours after the results are declared.
- Board meeting scheduled for August 12, 2026, to approve Q1 FY27 results.
- Results pertain to the three-month period ended June 30, 2026.
- Trading window closure was previously initiated on June 24, 2026.
- Company reported a significant revenue jump to Rs 6.93 Cr in the March 2026 quarter compared to Rs 1.49 Cr in June 2025.
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