Mahamaya Steel Industries Limited reported a 41% year-on-year increase in net profit for the financial year ended March 31, 2026, reaching ₹873.82 lakh. Revenue from operations grew 10% to ₹8,844.24 lakh, driven by higher sales volumes. The company’s board approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, at a meeting held on May 26, 2026.

For the quarter ended March 31, 2026, the company recorded a net profit of ₹406.60 lakh, a decrease from ₹419.27 lakh in the same period last year. Revenue from operations for the quarter stood at ₹2,643.63 lakh, compared to ₹2,372.19 lakh in the corresponding quarter of the previous year. Total expenses for the quarter rose to ₹2,586.98 lakh from ₹2,315.74 lakh.

Financial Performance

The annual results show a steady improvement in profitability despite a rise in material costs. The cost of materials consumed increased to ₹7,125.06 lakh from ₹6,419.50 lakh in the previous year. Finance costs for the year rose to ₹501.66 lakh from ₹388.60 lakh. Earnings per share (EPS) for the year improved to ₹5.32 from ₹3.77 in the previous year.

Auditor and Governance Updates

The statutory auditors, M/s KPRK & Associates LLP, issued an unmodified opinion on the audited standalone and consolidated financial results. However, the auditors drew attention to an electricity duty receivable of ₹1,105.69 lakhs recognized in previous years, noting that in the absence of reasonable certainty of ultimate collection, the current assets should have been reduced to that extent. The conclusion remains unqualified in respect of this matter.

The board appointed M/s Sanat Joshi & Associates as the Cost Auditor and Mr. Subhash Rao as the Internal Auditor for the financial year 2026-27. Additionally, the board adopted the details of outstanding qualified borrowings and incremental qualified borrowings for FY 2026. Outstanding qualified borrowings at the end of the financial year stood at ₹18.78 crore, with incremental borrowings during the year totaling ₹0.62 crore.

Mahamaya Steel Industries Limited has notified the stock exchanges of an upcoming board meeting scheduled for Tuesday, May 26, 2026, at 1:30 PM. The intimation, dated May 18, 2026, has been filed pursuant to Regulation 29 read with Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting Agenda

The board meeting has been convened to consider and approve key financial matters. The following items are on the agenda:

• Standalone and Consolidated Audited Financial Results of the company for the quarter and year ended March 31, 2026, as per Regulation 33 of the Listing Regulations, along with the Standalone and Consolidated Auditor's Report.
• Any other business with the permission of the Chair.

The key details of the scheduled board meeting are summarised below:

Trading Window Closure

In connection with the upcoming board meeting, Mahamaya Steel Industries has also informed the exchanges about the continuation of the trading window closure. With reference to the company's earlier letter dated March 28, 2026, regarding the closure of the trading window for dealing in shares of the company, the trading window shall continue to remain closed until 48 hours after the declaration of the audited financial results. This restriction applies to all designated persons of the company and their immediate relatives, in accordance with the company's Code of Conduct to Regulate, Monitor and Report Trading in Securities.

Company Background

Mahamaya Steel Industries Limited is a Raipur, Chhattisgarh-based steel manufacturer with its registered office and works located at B/8-9, Sector-C, Sarora, Urla Industrial Complex, Raipur-493 221. The company holds certifications including IS 2062:2011 and ISO 9001:2015, and is an approved supplier to several major public sector undertakings and organisations. Mahamaya Steel manufactures a range of steel products including joist, channel, angel, flat, round, crossing sleeper bar, bloom, and billet. The board meeting intimation was signed by Jaswinder Kaur Mission, Company Secretary and Compliance Officer (M.No. FCS 7489).