Mohite Industries Ltd (532140)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Mohite Industries' revenue was ₹17.8 Cr (-29.8% year on year, -41.1% on the previous quarter), and net profit ₹-2.5 Cr (a bigger loss than a year earlier); the operating margin was -9.0%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹17.8 | -29.8% | -41.1% |
| Operating profit | ₹-1.6 | to loss | to loss |
| Net profit | ₹-2.5 | loss widened | to loss |
| EPS (₹) | -0.12 | loss widened | to loss |
| Operating margin | -9.0% | — | — |
📢 Recent Corporate Announcements
Mohite Industries announced the outcome of its Board Meeting held on September 4, 2026. The board approved the convening of the 35th Annual General Meeting on Wednesday, September 30, 2026. Additionally, the board recommended the re-appointment of Director Mr. Abhay Bhide, retiring by rotation, and fixed the cost auditor remuneration at Rs 60,000 for FY27, subject to shareholder approval.
- 35th Annual General Meeting scheduled for Wednesday, September 30, 2026
- Cost auditor remuneration fixed at Rs 60,000 for FY27, subject to shareholder approval
- Recommended re-appointment of retiring director Mr. Abhay Bhide (DIN: 05307473)
- Board meeting duration was 1 hour 20 minutes (3:00 PM to 4:20 PM on September 4, 2026)
Mohite Industries reported a consolidated net loss of ₹2.46 cr for Q1 FY27, widening from a net loss of ₹1.01 cr in Q1 FY26 and down from a profit of ₹0.36 cr in Q4 FY26. Consolidated revenue from operations declined 29.8% YoY to ₹17.81 cr (vs ₹25.37 cr in Q1 FY26). The performance was dragged down by the core textile segment, which posted an operational loss of ₹2.28 cr on revenue of ₹15.84 cr, alongside losses in its construction subsidiary.
- Consolidated revenue from operations dropped 29.8% YoY to ₹17.81 cr vs ₹25.37 cr in Q1 FY26
- Consolidated net loss widened to ₹2.46 cr compared to a net loss of ₹1.01 cr in Q1 FY26
- Textile division reported an EBIT loss of ₹2.28 cr on revenue of ₹15.84 cr
- Hydro power segment delivered positive EBIT of ₹1.16 cr on revenue of ₹1.77 cr
- Subsidiary Solitaire Constructions recorded revenue of ₹0.95 cr and a comprehensive loss of ₹1.27 cr
Mohite Industries reported a weak performance for Q1 FY27, with consolidated revenue declining 29.3% YoY to ₹18.55 Cr. The consolidated net loss widened significantly to ₹2.46 Cr, compared to a loss of ₹1.01 Cr in the same quarter last year. While standalone interest costs saw a sharp reduction to ₹5.96 Lakhs (from ₹218.30 Lakhs YoY), the core textile segment's revenue fell 25% YoY to ₹15.84 Cr. The construction subsidiary, Solitaire Constructions, remains a drag, contributing a net loss of ₹1.27 Cr on revenue of just ₹0.95 Cr.
- Consolidated revenue fell 29.3% YoY to ₹18.55 Cr from ₹26.24 Cr in Q1 FY26.
- Consolidated net loss widened to ₹2.46 Cr from ₹1.01 Cr in the year-ago period.
- Textile segment revenue (standalone) dropped 25% YoY to ₹15.84 Cr.
- Subsidiary Solitaire Constructions reported a net loss of ₹1.27 Cr on revenue of ₹0.95 Cr.
- Standalone interest expenses decreased sharply to ₹5.96 Lakhs from ₹218.30 Lakhs in Q1 FY26.
Mohite Industries has scheduled a board meeting for August 14, 2026, to approve its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company reported a TTM revenue of ₹153 Cr and a PAT of ₹4 Cr for FY26. Investors will be monitoring if the company can improve its operating margins, which declined from 14% in FY25 to 11% in FY26. The trading window for designated persons has been closed since July 1, 2026, in compliance with SEBI regulations.
- Board meeting scheduled for August 14, 2026, at 3:00 PM at the registered office.
- Meeting to consider unaudited financial results for the quarter ended June 30, 2026.
- Trading window closed from July 1, 2026, until 48 hours after the results declaration.
- Company carries a debt of ₹95 Cr against a market capitalization of ₹56 Cr.
- Promoter holding remains stable at 68.82% as of June 2026.
Mohite Industries has submitted its Integrated Governance Report for the quarter ended June 30, 2026. The company reported zero investor complaints received or pending during the period. The board composition remains stable with 6 directors, including 3 independent directors, meeting SEBI requirements. Additionally, the company confirmed no new loans, guarantees, or tax litigations were initiated during the quarter.
- Zero investor complaints were received, resolved, or pending during the quarter ended June 30, 2026.
- The Board of Directors held 2 meetings during the quarter on May 14 and May 30, 2026.
- The Audit Committee is composed of 4 members, including 3 Independent Directors.
- The company confirmed it has not issued any loans, guarantees, or comfort letters during the reporting period.
- Independent Directors Nikhil Nawandhar and Bhushan Deshpande have a tenure of 68 months as of the report date.
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