Mauria Udyog reported a 27% year-on-year decline in standalone net profit to ₹486.88 lacs for the quarter ended June 30, 2026, as revenue from operations contracted by 18% to ₹10,936.96 lacs. The Board of Directors approved the unaudited financial results on August 07, 2026, highlighting persistent pressure on top-line growth despite a sequential recovery from the previous quarter’s lower base.

Standalone Financial Performance

Revenue from operations fell to ₹10,936.96 lacs in Q1FY27, down from ₹13,379.54 lacs in the corresponding period of FY26. However, this represents a significant sequential improvement from ₹7,053.84 lacs in Q4FY26. Net profit for the quarter stood at ₹486.88 lacs, compared to ₹664.82 lacs in Q1FY26 and ₹217.66 lacs in Q4FY26. Basic and diluted earnings per share (EPS) were ₹0.37 each, down from ₹0.50 in the year-ago quarter.

Total comprehensive income rose to ₹488.71 lacs from ₹215.35 lacs in the preceding quarter. Paid-up equity share capital remained unchanged at ₹1,332.00 lacs.

Segment Results and Consolidated View

The Manufacturing segment contributed all revenue from operations at ₹10,936.96 lacs, with the Trading segment reporting nil revenue. The Manufacturing segment result turned positive at ₹742.27 lacs, recovering from a loss of ₹1.74 lacs in Q4FY26, though it remained below the ₹1,070.15 lacs recorded in Q1FY26. Capital employed increased to ₹8,095.93 lacs from ₹7,607.40 lacs.

On a consolidated basis, which includes subsidiaries Strawberry Star India Private Limited, Bihariji Highrise Private Limited, and Bihariji Properties Private Limited, net profit was ₹486.70 lacs. The subsidiaries reported no revenue and a net loss of ₹0.18 lacs for the quarter.

Auditor’s Qualified Opinion and Key Risks

Statutory auditors NKSC & Co., Chartered Accountants, issued a qualified opinion on both standalone and consolidated results. Key concerns included:

• Failure to obtain fair valuation of unquoted equity shares classified under FVTOCI.
• Non-application of the expected credit loss model under Ind AS 109 for trade receivables, though a provision of ₹3,924.43 lacs was made against doubtful debts.
• Non-provisioning of liability related to a Supreme Court directive regarding transactions with Amrapali Group of Companies, where ₹16,700 lacs was ordered to be deposited.

The auditor also highlighted disputed trade receivables classified as non-current, aggregating ₹6,311.86 lacs (net of provision). Additionally, the company has initiated proceedings under Section 9 of the Insolvency & Bankruptcy Code, 2016 against M/s. Nexus Commosales Private Limited before the NCLT, Kolkata Bench.

Corporate Developments

Ms. Radha Chauhan was appointed as an Additional Director in the category of Non-Executive Independent Woman-Director for a five-year term, subject to shareholder approval. The company also noted an SEBI final order dated June 30, 2026, imposing restrictions/penalties, against which it has filed an appeal before the Securities Appellate Tribunal (SAT) without recording any liability. A One Time Settlement with Prudent ARC Limited shows ₹2,300.00 lacs payable till December 2026 as current liabilities.

Mauria Udyog Limited and its promoters have been restrained from accessing the securities market for five years by the Securities and Exchange Board of India (SEBI). The final order, dated June 30, 2026, prohibits the company and its directors, Mr. Navneet Kumar Sureka and Mrs. Deepa Sureka, from buying, selling, or dealing in securities. This action follows allegations of manipulating the price and volume of the company's equity shares, violating provisions of the SEBI Act, 1992, and the SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations, 2003.

The restraint period is subject to the adjustment of time already undergone pursuant to an interim order dated June 19, 2023. Mauria Udyog received the final order on July 14, 2026. In its disclosure to the stock exchanges, the company clarified that there is no material impact on its financials, operations, or other activities as a result of this order.

The company attributed a delay in filing this disclosure to the voluminous nature of the SEBI order, which exceeded 300 pages. Mauria Udyog stated it required additional time to perform a thorough legal assimilation of the contents and conduct detailed deliberations with legal counsel to evaluate the implications and determine the future course of action.

Key Details of the SEBI Order

The disclosure was submitted by Divya Agarwal, Company Secretary & Compliance Officer of Mauria Udyog Limited, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.