Mahickra FY26 net profit rises 103.5% to ₹515.51 lakh
Mahickra Chemicals reported a 103.5% rise in FY26 net profit to ₹515.51 lakh, with revenue growing 18.2% to ₹10,632.81 lakh. The Board appointed a new CFO, declared an interim dividend of ₹0.15 per share, and constituted a CSR committee effective May 30, 2026.
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Mahickra Chemicals Limited reported a 103.5% increase in net profit for the financial year ended March 31, 2026, rising to ₹515.51 lakh from ₹253.34 lakh in the previous year. Revenue from operations grew 18.2% to ₹10,632.81 lakh, driven by higher sales. The Board of Directors approved the annual audited standalone and consolidated financial results at its meeting held on May 30, 2026. M/s. Piyush J Shah & Co., Chartered Accountants, the Statutory Auditors, issued an unmodified opinion on the financial statements.
The Board appointed Mr. Ashishkumar Champaklal Gandhi as Chief Financial Officer and Key Managerial Personnel effective May 30, 2026. He succeeds Mr. Atul Sushilkumar Bachhawat, who resigned effective April 30, 2026. Mr. Gandhi, a Whole-Time Director and Promoter, was appointed based on the recommendations of the Nomination and Remuneration Committee and Audit Committee. Additionally, the Board declared an interim dividend of ₹0.15 per equity share for the financial year 2025-26, applicable to shares with a face value of ₹10 each. The record date for determining eligibility will be intimated separately.
In view of the applicability of Section 135 of the Companies Act, 2013 from FY27, the Board constituted a Corporate Social Responsibility Committee effective May 30, 2026. The committee comprises Mrs. Basari Dhanik Mehta as Chairperson, and Mr. Ashishkumar Gandhi and Mr. Niren Desai as members. The company also updated the list of authorized Key Managerial Personnel for determining materiality of events, naming Mr. Miteshkumar Gandhi, Mr. Ashishkumar Gandhi, and Ms. Sona Bachani.
Financial Performance for FY26
| Metric | Year Ended Mar 31, 2026 (₹ in Lakhs) | Year Ended Mar 31, 2025 (₹ in Lakhs) | Change |
|---|---|---|---|
| Revenue from Operations | 10,632.81 | 8,997.77 | 18.2% |
| Total Expenses | 10,060.75 | 8,710.66 | 15.5% |
| Profit Before Tax | 688.77 | 352.77 | 95.2% |
| Net Profit | 515.51 | 253.34 | 103.5% |
| Earnings Per Share (Basic) | 6.28 | 3.12 | 101.3% |
Key Appointments and Resignations
| Action | Name | Designation | Effective Date |
|---|---|---|---|
| Resignation | Mr. Atul Sushilkumar Bachhawat | Chief Financial Officer | April 30, 2026 |
| Appointment | Mr. Ashishkumar Champaklal Gandhi | Chief Financial Officer | May 30, 2026 |
Dividend Details
| Parameter | Details |
|---|---|
| Dividend Type | Interim |
| Amount per Share | ₹0.15 |
| Face Value | ₹10 |
| Financial Year | 2025-26 |
Historical Stock Returns for Mahickra Chemicals
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | +2.17% | +3.20% | +57.02% | +89.50% | +175.86% |
Can the company sustain the 103.5% profit growth given that revenue growth was only 18.2%?
What strategic shifts will the new CFO, Mr. Gandhi, implement to drive future financial performance?
How will the formation of the CSR committee and upcoming compliance costs impact FY27 margins?
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