Mahaveer Infoway posts Q1FY27 loss as revenue falls to zero
Mahaveer Infoway Limited reported a net loss of ₹12.88 lakh for Q1FY27, compared to a profit of ₹10.05 lakh in Q1FY26, as revenue from operations dropped to zero. Total income was ₹7.40 lakh, solely from other income, while total expenses were ₹20.27 lakh. The board approved the unaudited results on July 13, 2026, and the auditor confirmed no material misstatements.
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Mahaveer Infoway Limited reported a net loss of ₹12.88 lakh for the quarter ended June 30, 2026, a sharp decline from the profit of ₹10.05 lakh recorded in the corresponding period of the previous year, as revenue from operations completely dried up. The company's total income for the quarter stood at ₹7.40 lakh, derived solely from other income, compared to a total revenue of ₹75.41 lakh in Q1FY26. This financial performance underscores a significant operational slowdown during the first quarter of the fiscal year.
The board of directors, in a meeting held on July 13, 2026, approved the standalone unaudited financial results for the quarter. The review was conducted in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Independent Auditor's Review Report issued by Kalyana & Co, Chartered Accountants, confirmed that based on their review, nothing came to their attention that would suggest the financial results contained material misstatements or failed to disclose required information.
A detailed breakdown of the expenses reveals that employee costs remained the highest outflow at ₹12.97 lakh, followed by other expenses at ₹4.52 lakh and depreciation at ₹2.50 lakh. Despite the zero revenue from operations, the company managed to keep finance costs at nil for the quarter, compared to ₹2.50 lakh in the previous year. The total expenses for the quarter aggregated to ₹20.27 lakh, exceeding the total income and resulting in the reported net loss.
Financial Performance
The financial statements highlight a drastic reduction in operational activities across the company's segments. Segment reporting indicates that revenue from the IT & Consultancy segment, which was ₹75.41 lakh in the prior year quarter, fell to zero. Similarly, the Mobiles and Educational segments recorded no revenue. The unallocated revenue, which includes other income, stood at ₹7.40 lakh for the quarter.
| Particulars | Quarter Ended 30.06.26 (Un-Audited) | Quarter Ended 30.06.25 (Un-Audited) | Change (%) |
|---|---|---|---|
| Revenue from Operations | 0.00 | 75.41 | -100% |
| Other Income | 7.40 | 0.00 | N/A |
| Total Revenue | 7.40 | 75.41 | -90% |
| Total Expenses | 20.27 | 65.36 | -69% |
| Profit/(Loss) for the period | (12.88) | 10.05 | N/A |
| S. No | Particulars | Quarter Ending 30.06.2026 | Quarter Ending 30.06.2025 | Previous Year ending 31.03.2026 |
|---|---|---|---|---|
| Un-Audited | Un-Audited | Audited | ||
| 1 | Total income from operations (net) | 7.396 | 75.412 | 173.390 |
| 2 | Net Profit for the period (before Tax, Exception and / or Extra Ordinary items) | -12.877 | 10.054 | 69.643 |
| 3 | Net Profit for the period before Tax (after Exception and / or Extra Ordinary items) | -12.877 | 10.054 | 69.643 |
| 4 | Net Profit for the period after Tax (after Exception and / or Extra Ordinary items) | -12.877 | 10.054 | 46.194 |
| 5 | Total Comprehensive Income for the period | -12.877 | 10.054 | 46.194 |
| 6 | Equity Share Capital | 550.900 | 550.900 | 550.900 |
| 7 | Reserves (excluding Revaluation Reserve) | -96.572 | -137.689 | -83.694 |
| 8(a) | Earnings Per Share (Basic) | -0.234 | 0.183 | 1.160 |
| 8(b) | Earnings Per Share (Diluted) | 0.000 | 0.183 | 1.160 |
Management Changes
In a significant administrative development, the board accepted the resignation of Ms. Monika Ashish Rathi as the Company Secretary cum Compliance Officer of the company, effective June 30, 2026. The resignation was submitted due to her acceptance of a better professional opportunity with another organization. The board has been requested to file the necessary forms with the statutory authorities regarding this change.
The reconciliation of Net Profit reported under Indian GAAP with Ind AS for the quarter ended June 30, 2026, shows no variance, with the net loss remaining at ₹12.88 lakh under both standards. The company confirmed that it has complied with Accounting Standard-34 regarding segment-wise reporting. The paid-up equity share capital remained unchanged at ₹550.90 lakh during the period.
Historical Stock Returns for Mahaveer Infoway
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | -8.23% | -11.05% | +65.54% | +105.66% | +247.30% |
What strategic initiatives is the company pursuing to resume revenue generation in the IT & Consultancy segment?
How does the company plan to sustain operations and manage fixed costs given the current lack of operational revenue?
When does the board expect to appoint a successor for the Company Secretary cum Compliance Officer role?
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