Mahaveer Infoway posted a net profit of ₹64.05 crore for the financial year ended March 31, 2026, marking a sharp recovery from the ₹8.00 crore profit recorded in FY25.

The Hyderabad-based IT and telecom solutions provider saw its total income rise to ₹384.32 crore from ₹301.22 crore in the previous year. This growth was primarily fueled by a substantial increase in other income rather than core operations.

Financial Performance

Revenue from operations contracted slightly by 4.2%, declining to ₹261.48 crore from ₹273.07 crore in FY25. Despite the dip in top-line growth, the company managed to reduce finance costs significantly.

Finance costs fell to ₹2.97 crore from ₹12.87 crore in the prior year, reflecting improved debt management. Depreciation and amortization expenses remained flat at ₹11.71 crore for both periods.

What the Numbers Show

The dramatic improvement in profitability was driven almost entirely by non-operational factors. Other income surged to ₹122.84 crore from ₹28.15 crore, largely due to capital gains of ₹93.26 crore.

This indicates that the core business, which generated lower operating revenue, contributed minimally to the bottom-line surge. The reliance on investment gains suggests that operational efficiency alone did not drive the profit expansion, highlighting a divergence between top-line stagnation and bottom-line growth.

Balance Sheet and Governance

Mahaveer Infoway strengthened its balance sheet by reducing short-term borrowings to ₹137.39 crore from ₹313.07 crore in FY25. The current ratio improved to 2.88 from 1.74, indicating better liquidity position.

The Board decided not to recommend any dividend for FY26. Instead, the entire net profit of ₹64.05 crore was transferred to retained earnings. Total reserves and surplus stood at a deficit of (₹83.69 crore) against a paid-up capital of ₹550.90 crore.

Mr. Ashok Kumar Jain, Managing Director, retires by rotation at the upcoming Annual General Meeting scheduled for September 30, 2026, and seeks reappointment. The company also noted compliance issues regarding Section 185 of the Companies Act, 2013, related to advances made to persons in whom directors are interested, which is being addressed through a special resolution.

Mahaveer Infoway has concluded its Board of Directors meeting on September 7, 2026, approving the logistics for its 35th Annual General Meeting (AGM) and recommending a new director appointment.

The board also fixed the cut-off date for remote e-voting eligibility and appointed a scrutinizer to oversee the voting process. These approvals pave the way for the upcoming AGM scheduled for the financial year ended March 31, 2026.

AGM Logistics and Voting

The board finalized the date, time, and venue for the 35th AGM and approved the draft notice for the meeting. Key administrative decisions include:

• Cut-off Date: September 23, 2026, for determining member eligibility for remote e-voting.
• Scrutinizer: Ms. Monisha Gupta, Practicing Company Secretary, was appointed to ensure a fair and transparent voting process.

Director Appointment

The board recommended the appointment of Mr. Ashok Kumar Jain (DIN: 00043840) as a Director. His tenure is liable to retire by rotation, subject to approval by members at the ensuing AGM.

Loan Powers

The directors approved seeking power to advance loans or provide security under Section 185 of the Companies Act, 2013. The aggregate limit for these transactions is set at ₹10 crore, pending member approval at the AGM.