The Board of Directors of Mahalaxmi Fabric Mills approved the unaudited financial results for the first quarter ended June 30, 2026, during a meeting held on August 12, 2026. The company reported a consolidated net profit of ₹3.91 lakh, a significant decline from the ₹258.60 lakh profit recorded in the corresponding period of FY25. Consolidated revenue from operations stood at ₹3,080.51 lakh, down from ₹3,351.78 lakh in Q1FY25.

On a standalone basis, Mahalaxmi Fabric Mills reported a net loss of ₹177.54 lakh for the quarter, widening from a loss of ₹112.52 lakh in Q1FY26. Standalone revenue from operations was ₹1,399.81 lakh, compared to ₹1,179.14 lakh in the previous year’s same quarter.

Financial Performance

The consolidated results reflect a compression in operating margins despite a reduction in material costs. While cost of materials consumed and trading purchases fell to ₹1,083.28 lakh from ₹1,624.73 lakh in Q1FY25, other expenses remained high at ₹1,591.18 lakh. Finance costs increased to ₹139.39 lakh from ₹86.92 lakh year-on-year.

Standalone operating profit before tax stood at a loss of ₹225.79 lakh, compared to a loss of ₹176.37 lakh in Q1FY25. The standalone total expenditure was ₹1,649.59 lakh, exceeding total revenue of ₹1,423.80 lakh. Other income on a standalone basis declined to ₹23.99 lakh from ₹64.02 lakh in the prior year period.

What the Numbers Show

A key divergence exists between the consolidated and standalone performance. While the consolidated entity posted a thin profit driven by its wholly owned subsidiary, Mahalaxmi Exports Private Limited (MEPL), the parent company incurred a significant standalone loss. MEPL contributed ₹181.45 lakh to the group’s share of net profit after tax, effectively offsetting the parent company’s standalone losses and enabling the consolidated bottom line to remain positive. This highlights a heavy reliance on the subsidiary for overall group profitability in this quarter.

Auditor Review

The financial results were reviewed by M/s. Jain Chowdhary & Co., Chartered Accountants, the statutory auditors of the company. The audit report confirms that the statements have been prepared in accordance with Indian Accounting Standards (Ind AS) and SEBI Listing Regulations. No qualifications were noted in the limited review report for either the standalone or consolidated figures.

Mahalaxmi Fabric Mills has appointed M/s. Rohit Periwal & Associates as its secretarial auditor for a period of three consecutive financial years, covering FY27 through FY29. The Board of Directors approved the appointment on July 28, 2026, following a recommendation from the Audit Committee. This appointment ensures continuity in corporate governance oversight and regulatory compliance monitoring for the textile manufacturer. The engagement remains subject to ratification by shareholders at the company’s ensuing Annual General Meeting.

The appointment was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board meeting, which commenced at 05:15 P.M. (IST) and concluded at 05:45 P.M. (IST), formally authorized the intimation to the stock exchanges. The firm holds registration number S2019GJ677700 and is recognized as a peer-reviewed firm of company secretaries in practice.

M/s. Rohit Periwal & Associates is led by CS Rohit Periwal, who holds FCS No. 12203 and CP No. 22021. The firm specializes in corporate law, secretarial compliances under the Companies Act, 2013, and SEBI Regulations. Its core areas of expertise include secretarial audits, annual secretarial compliance reports, corporate governance advisory, due diligence, and listing compliances for both listed and unlisted entities.

The firm’s address is located at 182, 2nd Floor, New Cloth Market, Ahmedabad-380002. There are no disclosed relationships between the auditor and the directors of Mahalaxmi Fabric Mills Limited. The company has submitted the requisite details to the Bombay Stock Exchange and the National Stock Exchange of India Limited in compliance with SEBI Circular ref SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.