Magson Retail FY26 net profit rises 95.6% to ₹85.11 lakh
Magson Retail reported a 95.6% rise in FY26 net profit to ₹85.11 lakh, driven by a 61.1% revenue surge. The Board approved audited financial results and appointed an internal auditor.
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Magson Retail and Distribution Limited reported a consolidated net profit of ₹85.11 lakh for the financial year ended March 31, 2026, marking a 95.6% increase from ₹43.50 lakh in the previous year. Revenue from operations surged 61.1% to ₹10855.00 lakh, primarily driven by sales and operational revenue. The company’s Board approved the audited standalone and consolidated financial results at a meeting held on May 25, 2026.
The statutory auditors, M/s. Ambalal Patel & Co LLP, issued an unmodified opinion on the audited standalone and consolidated financial results for the half-year and the financial year ended March 31, 2026. Total revenue for the year stood at ₹11023.88 lakh, up from ₹6886.93 lakh in FY25. Total expenses increased to ₹10899.34 lakh from ₹6826.61 lakh in the prior year.
Financial Performance
The company’s profit before tax for FY26 was ₹124.54 lakh, compared to ₹60.32 lakh in the previous year. The tax expense for the period was ₹39.43 lakh. Basic earnings per equity share (face value ₹10) improved to ₹0.85 in FY26 from ₹0.37 in FY25. On a standalone basis, net profit after tax for the year was ₹101.08 lakh, up from ₹57.37 lakh in the previous year.
| Metric (Consolidated) | FY26 (₹ in Lakhs) | FY25 (₹ in Lakhs) |
|---|---|---|
| Revenue from Operations | 10855.00 | 6737.17 |
| Total Revenue | 11023.88 | 6886.93 |
| Total Expenses | 10899.34 | 6826.61 |
| Profit Before Tax | 124.54 | 60.32 |
| Net Profit | 85.11 | 43.50 |
| Basic EPS (₹) | 0.85 | 0.37 |
Board Appointments
Based on the recommendation of the Audit Committee, the Board appointed M/s. H D Panchal & Co., Chartered Accountants, as the internal auditor for the financial year 2026-27. The appointment is effective from May 25, 2026. The firm is a proprietary entity with 10 years of experience in assurance and taxation services.
Fund Utilization
The company disclosed that it had raised ₹1324.00 lakh through its Initial Public Offer. Out of the total proceeds, ₹788.50 lakh has been utilized, leaving ₹535.50 lakh unutilized. The unutilized funds include ₹20 lakh invested in associate company Goan Bakery Private Limited, ₹40 lakh provided as an inter-corporate deposit, and the remaining ₹475.50 lakh temporarily invested in inter-corporate deposits. Additionally, the company raised ₹5600.94 lakh through the preferential allotment of convertible warrants, utilizing ₹4935.94 lakh towards business expansion and general corporate purposes.
Historical Stock Returns for Magson Retail & Distribution
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.41% | -6.15% | -8.20% | +45.64% | +34.40% | +75.55% |
What specific strategies will Magson Retail implement to sustain the 61.1% revenue growth rate in the next fiscal year?
How does the company plan to utilize the remaining ₹535.50 lakh in unutilized IPO proceeds to maximize shareholder value?
Will the recent business expansion funded by preferential allotment warrants lead to a proportional increase in operational expenses?
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