Megamont Ltd (523888)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Megamont's revenue was ₹219 Cr, and net profit ₹2.2 Cr; the operating margin was 1.9%.
| Q1 FY27 (₹ Cr) | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹219 | — | -23.5% |
| Operating profit | ₹4.2 | — | +50.6% |
| Net profit | ₹2.2 | — | -38.0% |
| EPS (₹) | 0.77 | — | -37.9% |
| Operating margin | 1.9% | — | — |
📢 Recent Corporate Announcements
Megamont Limited announced that Infomerics has assigned credit ratings of 'IVR BBB-/Stable' (Long-Term) and 'IVR A3' (Short-Term) to the Rs 18.00 crore bank loan facilities of its wholly-owned subsidiary, Parent Mont International Private Limited. The rating report reveals that Mont Group achieved Rs ~2,705 crore in revenue in FY26 with an operating margin of 1.36% and PAT of Rs 23.34 crore from global trading of steel, coal, and electronic devices. The group operates on thin margins with an interest coverage ratio of 7.04x and DSCR of 5.17x, while cash credit limit utilization averaged 92% over the 12 months ended August 2026.
- Credit rating assigned: IVR BBB-/Stable (Long Term) and IVR A3 (Short Term) for Rs 18.00 crore bank facilities
- Mont Group achieved combined revenue of ~Rs 2,705 crore in FY26 with PAT of Rs 23.34 crore
- Operating margins remain thin at 1.36% in FY26, projected at 1.4-1.5% in FY27
- Average cash credit limit utilization stood high at 92% for the 12 months ended August 2026
- Interest coverage ratio and DSCR were healthy at 7.04 times and 5.17 times respectively in FY26
Megamont Limited has secured an import contract valued at approximately ₹2.13 crore to source Pigeon Peas (Tur/Arhar) from Mozambique or Malawi. The shipment is scheduled for November to December 2026, delivering to Nhava Sheva Port to target domestic FMCG and food-processing buyers. Relative to the company's TTM revenue of ₹820 crore, the order is tiny at approximately 0.26%. While it marks an entry into agricultural commodity sourcing, the financial impact on operations remains negligible.
- Secured an import contract valued at approximately ₹2.13 crore for Pigeon Peas (Tur/Arhar)
- Commodity to be sourced from African markets (Mozambique or Malawi)
- Shipment scheduled between November and December 2026 with delivery at Nhava Sheva Port
- Government policy permits free imports of Pigeon Peas until March 31, 2027
Megamont Limited has signed a procurement contract valued at ₹3.74 crore with Bunge India Pvt. Ltd. for 250 MT of refined soybean oil. The supply period is scheduled between 1 November 2026 and 25 November 2026. This contract supports the company's trading pivot into agri-commodities, but is small relative to its scale, representing under 0.5% of TTM revenue (₹820 crore).
- Contract value: approximately ₹3.74 crore with Bunge India Pvt. Ltd.
- Procurement volume: 250 MT of Soyabean Refined Oil
- Scheduled delivery window: 1 November 2026 to 25 November 2026
- Contract date signed: 6 October 2026
Megamont Limited (formerly V.R. Woodart Limited) published its investor presentation outlining its strategic transition from a dormant business into an asset-light physical commodity trading platform. The company highlighted FY26 consolidated revenue of ₹606.7 crore with EBITDA of ₹10.1 crore (1.66% margin) and PAT of ₹6.2 crore. For Q1 FY27, consolidated revenue stood at ₹219.21 crore with a PAT of ₹2.22 crore. The company also confirmed its subsidiary Parent Mont International acquired the steel business vertical of Parent Mont International (Partnership firm) via a BTA for nil net consideration.
- FY26 consolidated revenue reported at ₹606.7 crore with basic EPS of ₹3.00
- FY26 EBITDA reached ₹10.1 crore, reflecting a low trading margin of 1.66%
- Q1 FY27 reported consolidated revenue of ₹219.21 crore and PAT of ₹2.22 crore
- Subsidiary Parent Mont International acquired a steel business vertical via BTA at carrying values for nil net consideration
Megamont Limited announced its participation as a Sponsor and Diamond Partner at Globoil India 2026, held from September 29 to October 1, 2026, in Mumbai. The event is an edible oil industry conference gathering over 2,000 professionals across 60+ countries. The press release details the company's focus on international trading in edible oils and commodities, but contains no commercial orders, contract values, or direct financial commitments. This announcement is primarily promotional and brand-building in nature.
- Participated as Diamond Partner and Sponsor at Globoil India 2026 from 29 September to 1 October 2026
- Globoil India 2026 marks its 29th edition with 2,000+ professionals and 60+ countries represented
- Event hosted 60+ global speakers across 28 sessions supported by 98+ sponsors and partners
- No commercial order value or sponsorship financial commitment was disclosed in the filing
Megamont Limited (formerly V.R. Woodart Limited) reported unaudited standalone revenue from operations of ₹27.11 Cr (₹2,710.50 Lakhs) for the quarter ended June 30, 2026, marking an operational restart from zero revenue in prior quarters. Standalone net profit turned positive at ₹32.02 Lakhs, compared to a net loss of ₹37.56 Lakhs in Q1 FY26 and ₹14.08 Lakhs in Q4 FY26. On a consolidated level, its two subsidiaries contributed ₹192.10 Cr in revenue and ₹1.90 Cr in net profit. This performance reflects the initial execution under the new promoter and management team.
- Standalone revenue from operations was ₹2,710.50 Lakhs vs Nil in Q1 FY26 and Q4 FY26.
- Standalone net profit turned positive to ₹32.02 Lakhs against a net loss of ₹37.56 Lakhs in Q1 FY26.
- Purchases of stock-in-trade stood at ₹2,708.81 Lakhs, indicating significant trading volume.
- Two subsidiaries (Nidimo Mont and Parent Mont International) contributed total revenues of ₹19,210.40 Lakhs and net profit of ₹190.44 Lakhs.
Megamont Limited (formerly V.R. Woodart Limited) announced its standalone financial results for the quarter ended June 30, 2026, posting revenue from operations of ₹27.11 crore (₹2,710.50 lakhs) versus ₹Nil in prior comparable quarters. Standalone net profit turned positive to ₹32.02 lakhs against a net loss of ₹37.56 lakhs in Q1 FY26 and a loss of ₹14.08 lakhs in Q4 FY26. Standalone operations were driven primarily by stock-in-trade trading with purchase costs of ₹27.09 crore. Additionally, the company's two subsidiaries reported combined revenue of ₹192.10 crore and net profit of ₹1.90 crore for the quarter.
- Standalone revenue from operations reached ₹2,710.50 lakhs from ₹Nil in Q1 FY26 and Q4 FY26.
- Standalone net profit turned around to ₹32.02 lakhs compared to a loss of ₹37.56 lakhs in Q1 FY26.
- Purchases of stock-in-trade stood at ₹2,708.81 lakhs, indicating trading-led reactivation of business.
- Subsidiaries (Nidimo Mont Pvt Ltd and Parent Mont International Pvt Ltd) reported revenue of ₹19,210.40 lakhs and PAT of ₹190.44 lakhs.
Megamont Ltd has rescheduled its board meeting to approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The meeting, originally set for August 12, 2026, will now take place on August 14, 2026. This comes as the company attempts a turnaround under new management after being non-operational since 2011. The trading window remains closed until 48 hours after the results are declared.
- Board meeting rescheduled to August 14, 2026, from the previously announced date of August 12, 2026
- Meeting agenda includes approval of standalone and consolidated results for the quarter ended June 30, 2026
- Trading window for company securities remains closed until 48 hours post-result declaration
- Company reported Rs 0 revenue for the entire FY26 and the preceding four quarters
Megamont Ltd has scheduled a board meeting on August 12, 2026, to approve its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company remains in a transition phase, having reported zero revenue for the last four quarters and a TTM net loss of Rs 1 Cr. Investors are closely watching for the operationalization of its new furniture and hardwood lumber business following a management change and promoter holding increase to 58.55%. The stock has seen a significant 223% price return over the last 12 months despite the lack of current operations.
- Board meeting scheduled for August 12, 2026, to approve Q1 results.
- Trading window remains closed until 48 hours after the results declaration.
- Company reported Rs 0.0 revenue in the preceding quarter ended March 2026.
- Promoter holding stands at 58.55% as of March 2026, up from 6.04% in December 2025.
Megamont Ltd has appointed M/s. A J B & Associates as its Internal Auditor for the financial year 2026-27. The appointment was approved during a board meeting held on July 10, 2026, which concluded within one hour. The appointed firm is a proprietorship led by CA Anupam Jiwan Bedmutha, focusing on audit and taxation. This is a routine regulatory compliance matter with no immediate impact on the company's financial performance.
- Appointment of M/s. A J B & Associates as Internal Auditor for the Financial Year 2026-27
- Board meeting held on July 10, 2026, commenced at 04:00 PM and concluded at 05:00 PM
- The auditor, CA Anupam Jiwan Bedmutha, is an Associate Member of ICAI with Registration No. 161244W
- Compliance filing under Regulation 30 of SEBI (LODR) Regulations, 2015
Financial Performance
Revenue Growth by Segment
0% growth across all segments as the company has been non-operational since 2011.
Geographic Revenue Split
0% revenue currently; however, management identifies Southern and Northern India as high-demand regions for furniture products, with the South being the primary hub for manufacturing and distribution.
Profitability Margins
Net Profit Margin is not applicable (0%) due to zero revenue; the company recorded a net loss of INR 6.77 in FY25, which is a 25.85% reduction from the INR 9.13 loss in FY24.
EBITDA Margin
0% EBITDA margin as the company reported zero income and an operating loss of INR 6.77 for FY 2024-25.
Capital Expenditure
Proceeds from the preferential issue of equity shares and convertible warrants (approved April 2025) are planned for business expansion and diversification, though the specific INR Cr amount is not disclosed.
Credit Rating & Borrowing
Not Applicable as the company is not in operations and has no debt instruments or fixed deposit programmes rated as of FY 2024-25.
Operational Drivers
Raw Materials
Kiln-dried hardwood lumber is identified as the primary raw material for the target furniture market.
Import Sources
United States (for kiln-dried hardwood lumber).
Capacity Expansion
The company has been non-operational since 2011; planned expansion and diversification are to be funded by the 2025 preferential issue, but specific capacity targets in MT or units are not disclosed.
Raw Material Costs
Not disclosed as the company is currently non-operational; however, management notes rising demand for imported US hardwood lumber.
Manufacturing Efficiency
0% capacity utilization as the company has been non-operational since 2011.
Strategic Growth
Growth Strategy
The company intends to achieve growth by transitioning to a new management team (Ms. Maddukuri Mounica and Mrs. Minal Patil), changing its name to Megamont Limited, and utilizing capital from a preferential issue of equity and warrants to enter the furniture and hardwood lumber market, targeting high-demand regions in South and North India.
Products & Services
Furniture products and kiln-dried hardwood lumber.
Brand Portfolio
V.R. Woodart Limited (transitioning to Megamont Limited).
New Products/Services
Planned launch of furniture products and kiln-dried hardwood lumber trading; expected revenue contribution is not yet quantified.
Market Expansion
Targeting Southern and Northern India for furniture demand with a focus on South India's existing manufacturing networks.
Market Share & Ranking
Not disclosed; management notes that other manufacturers currently account for a larger share of production in the furniture market.
External Factors
Industry Trends
The furniture industry is experiencing high demand in Northern and Southern India, with a growing trend of importing kiln-dried hardwood lumber from the US to meet manufacturing needs.
Competitive Landscape
Large manufacturers in South India currently dominate the market and distribution networks.
Competitive Moat
The company currently possesses no operational moat as it has been inactive since 2011; future sustainability depends on the new management's ability to establish a distribution network in the competitive South Indian market.
Consumer Behavior
High demand for furniture products in Southern and Northern India.
Geopolitical Risks
Potential exposure to US-India trade relations due to the planned reliance on US kiln-dried hardwood lumber exports.
Regulatory & Governance
Industry Regulations
The company is undergoing a name change to Megamont Limited under Section 4(5) of the Companies Act, 2013, and is reconstituting its Audit, Nomination, and Stakeholders committees following a change in management.
Legal Contingencies
The allotment of Convertible Warrants on a preferential basis (approved by members on April 04, 2025) is currently pending approval from requisite authorities as of the report date August 06, 2025.
Risk Analysis
Key Uncertainties
The primary uncertainty is the 14-year operational hiatus (since 2011), which creates significant risk regarding the company's ability to re-establish a supply chain for hardwood lumber and compete against existing manufacturers in South India who already hold a larger market share.
Geographic Concentration Risk
Currently 0% revenue; however, the company's strategic focus is on the Indian market, specifically the South and North regions where furniture demand is highest.
Third Party Dependencies
Future operations are expected to be highly dependent on US exporters for kiln-dried hardwood lumber, as identified in the management's market analysis.
Technology Obsolescence Risk
Not disclosed in available documents, though the new CEO has a background in digital marketing and analytics, suggesting a potential digital-first approach to the business restart.
