Meera Industries Ltd (540519)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Meera Industries' revenue was ₹12.3 Cr (+17.4% year on year, +40.0% on the previous quarter), and net profit ₹0.7 Cr (-13.7% year on year); the operating margin was 11.3%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹12.3 | +17.4% | +40.0% |
| Operating profit | ₹1.4 | -3.5% | from loss |
| Net profit | ₹0.7 | -13.7% | from loss |
| EPS (₹) | 0.33 | -13.2% | from loss |
| Operating margin | 11.3% | — | — |
📢 Recent Corporate Announcements
Meera Industries Limited has announced changes to its board of directors effective 31 August 2026. Mr. Mayank Yashwantrai Desai has resigned from his position as Non-Executive Non-Independent Director due to increasing professional commitments and personal reasons. Concurrently, Mr. Het Desai has been appointed as an Additional Director designated as Executive - Whole Time Director. The company reported TTM revenue of ₹40 Cr and TTM PAT of ₹1 Cr as of recent quarters.
- Resignation of Non-Executive Non-Independent Director Mr. Mayank Yashwantrai Desai effective 31 August 2026
- Appointment of Mr. Het Desai as Additional Director (Executive - Whole Time Director)
- Resigning director confirmed no other material reasons or undisclosed company events
- Filing of statutory Form DIR-12 with the Registrar of Companies initiated as of 31 August 2026
Meera Industries announced changes to its Board and AGM schedule following its board meeting on August 31, 2026. Mr. Het Desai, son of CMD Dharmesh Desai, has been appointed as an Additional Director designated as Executive Director for a 5-year term ending August 30, 2031, subject to shareholder approval. Concurrently, Non-Executive Director Mr. Mayank Desai resigned effective August 31, 2026, leading to Ms. Kenny Desai being proposed for retirement by rotation instead. Additionally, the remote e-voting cut-off date for the 20th AGM has been revised to September 22, 2026, while the AGM date remains September 29, 2026.
- Appointed Mr. Het Desai as Executive Director (Whole-time Director) for a period of 5 years (up to August 30, 2031)
- Noted the resignation of Non-Independent Non-Executive Director Mr. Mayank Desai effective August 31, 2026
- Revised e-voting cut-off date from September 21, 2026, to September 22, 2026, for the 20th AGM scheduled on September 29, 2026
- Share transfer books and register of members closed from September 22, 2026, to September 29, 2026
Meera Industries has announced the resignation of Non-Executive Director Mr. Mayank Desai effective August 31, 2026. Concurrently, the Board approved the appointment of Mr. Het Desai as Additional Director designated as Executive (Whole-time) Director for a 5-year tenure ending August 30, 2031, subject to member approval. Mr. Het Desai is the son of CMD Dharmesh Desai and Whole-time Director Bijal Desai. Additionally, the remote e-voting cut-off date for the upcoming 20th AGM on September 29, 2026, has been revised to September 22, 2026.
- Het Desai appointed as Whole-time Director for a 5-year term from August 31, 2026 to August 30, 2031
- Mayank Desai resigned as Non-Executive Director with effect from August 31, 2026
- 20th AGM date fixed for September 29, 2026, with book closure from September 22 to September 29, 2026
- Remote e-voting cut-off date revised to September 22, 2026
Meera Industries announced key board changes and revised its AGM schedule. The board approved the appointment of Mr. Het Desai (promoter family member) as Executive Director (Whole-time Director) for a 5-year tenure effective 31st August 2026, subject to shareholder approval. Concurrently, Non-Executive Director Mr. Mayank Desai resigned to pursue external career opportunities. Additionally, the AGM e-voting cut-off date was revised to 22nd September 2026, while the AGM date remains scheduled for 29th September 2026.
- Appointed Mr. Het Desai as Executive Director for a 5-year term from 31st August 2026 to 30th August 2031
- Noted resignation of Non-Independent Non-Executive Director Mr. Mayank Desai effective 31st August 2026
- Revised AGM remote e-voting cut-off date to 22nd September 2026 from 21st September 2026
- 20th Annual General Meeting confirmed for 29th September 2026
Meera Industries reported a consolidated revenue of ₹12.35 Cr for Q1 FY27, marking a 40% sequential increase from ₹8.82 Cr in Q4 FY26. The company successfully returned to profitability with a consolidated PAT of ₹0.70 Cr, reversing a loss of ₹0.64 Cr in the previous quarter. The Machine Division remains the primary revenue driver, contributing ₹8.61 Cr (70% of segment revenue). This turnaround is significant given the stock's ~48% decline over the past 12 months.
- Consolidated Revenue from operations reached ₹12.35 Cr, a 40% jump from ₹8.82 Cr in Q4 FY26.
- Consolidated Net Profit stood at ₹0.70 Cr, compared to a net loss of ₹0.64 Cr in the preceding quarter.
- Machine Division revenue grew to ₹8.61 Cr, while the Plastic Division contributed ₹3.73 Cr.
- Consolidated EPS improved to ₹0.33 from a negative ₹0.30 in the previous quarter.
- Total expenses for the quarter were managed at ₹11.60 Cr against total income of ₹12.54 Cr.
Meera Industries reported a strong recovery in Q1 FY27 with consolidated revenue reaching Rs 12.35 Cr, a 17.4% increase from Rs 10.52 Cr in the same quarter last year. The company achieved a net profit of Rs 0.70 Cr, a significant turnaround from the Rs 0.64 Cr loss reported in the preceding March 2026 quarter. The Machine Division remains the primary driver, contributing 70% of total revenue at Rs 8.61 Cr. Additionally, the company announced a transition to a new statutory auditor, M/s M R Bombaywala & co, effective after the upcoming AGM.
- Consolidated Revenue from operations grew 17.4% YoY to 1,234.59 Lakhs.
- Net Profit for the period stood at 69.93 Lakhs compared to a loss of 64.27 Lakhs in the previous quarter.
- Machine Division revenue increased to 861.40 Lakhs, up from 327.64 Lakhs in the previous quarter.
- Plastic Division revenue contributed 373.20 Lakhs to the consolidated top line.
- Total Comprehensive Income for the quarter was 70.54 Lakhs vs 79.96 Lakhs YoY.
Meera Industries reported a 17.4% YoY increase in consolidated revenue to ₹12.35 Cr for Q1 FY27. The company achieved a significant turnaround from a net loss of ₹0.64 Cr in the previous quarter (Q4 FY26) to a net profit of ₹0.70 Cr. While revenue grew, net profit declined slightly from ₹0.81 Cr in the same quarter last year due to higher operating expenses. The Machine Division remains the core business driver, contributing ₹8.61 Cr to standalone revenue.
- Consolidated Revenue increased 17.4% YoY to ₹12.35 Cr from ₹10.52 Cr in Q1 FY26
- Net Profit (Consolidated) stood at ₹0.70 Cr, recovering from a ₹0.64 Cr loss in Q4 FY26
- Machine Division revenue reached ₹8.61 Cr, representing 69.7% of standalone operations
- Standalone Total Assets grew to ₹50.31 Cr as of June 2026 from ₹45.08 Cr in March 2026
- Statutory Auditor transition to M/s M R Bombaywala & Co confirmed for the next quarter
Meera Industries has scheduled a board meeting for August 14, 2026, to approve unaudited financial results for the quarter ended June 30, 2026. The company is coming off a weak FY26 where net profit fell to ₹0.98 cr from ₹3.72 cr in FY25. The most recent quarter (March 2026) saw a net loss of ₹0.64 cr on revenue of ₹8.82 cr. Investors will be monitoring if the company can stabilize its operating margins, which halved to 7.56% in FY26 compared to the previous year.
- Board meeting scheduled for August 14, 2026, at 11:00 AM to approve Q1 results.
- Trading window remains closed from July 01, 2026, until 48 hours post-announcement.
- Company reported a net loss of ₹0.64 cr in the preceding quarter ended March 2026.
- TTM revenue stands at ₹38 cr against a market capitalization of ₹83 cr.
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