Mahaalaxmi Texpro narrows net loss to ₹8.43 lakh in Q4FY26

2 min read Updated on 30 May 2026, 01:44 PM

Reviewed by

Shriram SScanX News Team

AI Summary

Mahaalaxmi Texpro Limited reported a narrowed net loss of ₹8.43 lakh for Q4FY26, a significant reduction from ₹2,175.19 lakh in the prior year. Revenue from operations was nil for the quarter and full year, with total revenue driven by other income. The company's total equity remained negative at ₹172.41 lakh as of March 31, 2026.

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Mahaalaxmi Texpro Limited narrowed its net loss to ₹8.43 lakh for the quarter ended March 31, 2026, compared to a net loss of ₹2,175.19 lakh in the corresponding period of the previous year. The company reported total revenue of ₹6.92 lakh for Q4FY26, a sharp decline from ₹410.98 lakh in Q4FY25. For the full year ended March 31, 2026, the company recorded a net loss of ₹135.54 lakh on total revenue of ₹8.03 lakh.

The Board of Directors approved the audited standalone financial results for the quarter and year ended March 31, 2026, at a meeting held on May 29, 2026. The results were reviewed by the audit committee and are based on the Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act, 2013. M/s. ARNA & Associates, Statutory Auditors, issued an audit report with an unmodified opinion on the financial results.

Financial Performance

The company's revenue from operations was nil for the quarter and year ended March 31, 2026, whereas it stood at ₹80.60 lakh and ₹462.21 lakh respectively for the corresponding periods in the previous year. Other income contributed ₹6.92 lakh in Q4FY26 and ₹8.03 lakh in FY26, down from ₹330.38 lakh and ₹331.49 lakh respectively in the prior year.

Total expenses for Q4FY26 were ₹15.35 lakh, significantly lower than the ₹427.47 lakh reported in Q4FY25. For the full year FY26, total expenses amounted to ₹143.58 lakh, compared to ₹1,314.06 lakh in FY25. The reduction in expenses was primarily driven by lower operating and other expenses, which fell to ₹0.70 lakh in Q4FY26 from ₹293.09 lakh in the previous year's quarter.

Key Financial Metrics

The following table summarizes the standalone financial results for Mahaalaxmi Texpro Limited for the quarter and year ended March 31, 2026:

Particulars	Quarter Ended 31-03-26 (Audited)	Quarter Ended 31-03-25 (Audited)	Year Ended 31-03-26 (Audited)	Year Ended 31-03-25 (Audited)
Total Revenue	6.92	410.98	8.03	793.70
Total Expenses	15.35	427.47	143.58	1,314.06
Profit/(Loss) Before Tax	(8.43)	(2,175.19)	(135.54)	(2,528.52)
Net Profit/(Loss)	(8.43)	(2,175.19)	(135.54)	(2,528.52)
Basic EPS (₹)	(0.25)	(64.55)	(4.02)	(75.04)

Balance Sheet and Cash Flows

As of March 31, 2026, the company's total assets stood at ₹599.61 lakh, a decrease from ₹928.17 lakh as of March 31, 2025. Total equity was negative at ₹172.41 lakh, compared to negative ₹36.87 lakh in the previous year. Current liabilities were ₹756.73 lakh, while non-current liabilities were ₹15.29 lakh.

The cash flow statement for the year ended March 31, 2026, showed a net decrease in cash and cash equivalents of ₹0.73 lakh. Cash generated from operations was negative at ₹42.91 lakh, while net cash used in investing activities was positive at ₹72.17 lakh. Net cash used in financing activities was ₹29.99 lakh. Cash and cash equivalents at the end of the period were ₹48.47 lakh.

Auditor's Observations

The statutory auditors, M/s. ARNA & Associates, noted that the company incurred cash losses of ₹84.31 lakh for the year 2025-26, compared to ₹276.67 lakh in the previous year. They also highlighted that disputed statutory dues amounting to ₹147.13 lakh were pending before appropriate authorities as of March 31, 2026, while there were no undisputed statutory dues outstanding for more than six months.

With revenue from operations falling to zero, what specific turnaround strategies or new business lines does management plan to implement to restore operational income?

How does the company intend to address the widening deficit in total equity, which has deepened from negative ₹36.87 lakh to negative ₹172.41 lakh year-over-year?

What is the expected timeline and financial impact for resolving the disputed statutory dues of ₹147.13 lakh currently pending before authorities?

Agenda for the Meeting

The primary agenda for the board meeting is to consider, approve, and take on record the Audited Financial Results for the quarter and year ended March 31, 2026. This includes the review of the Independent Auditors Report from Statutory Auditors.

Trading Window Closure

In accordance with the company's Code of Conduct to Regulate, Monitor and Report Trading by Designated Persons and their Immediate Relatives, the trading window for dealing in the equity shares of the company is currently closed. The closure period is effective from April 1, 2026, to May 31, 2026, inclusive of both dates.

Company Details

Detail	Information
Company Name	Mahaalaxmi Texpro Limited
Formerly Known As	Abhishek Corporation Limited
BSE Code	532831
NSE Code	ABHISHEK
Registered Office	Gat No. 148, Tamgaon, Kolhapur-Hupari Road, Tal. Karveer, Kolhapur 416 234
CIN	L51491PN1993PLC073706

How have Mahaalaxmi Texpro Limited's revenue and profitability trends evolved over the past few fiscal years, and what growth trajectory might the FY2026 audited results reveal?

Following the rebranding from Abhishek Corporation Limited to Mahaalaxmi Texpro Limited, what strategic shifts in business focus or product portfolio could be reflected in the upcoming financial results?

Once the trading window reopens on June 1, 2026, how might insider trading activity or institutional investor behavior signal market sentiment around the company's financial performance?