Maxgrow India Limited Announces Q3FY26 Results with Strong Consolidated Performance
Maxgrow India Limited announced strong Q3FY26 consolidated financial results with revenue of ₹610,611.83 lakhs and profit of ₹11,148.17 lakhs, compared to a loss in the previous year. The nine-month performance showed total income of ₹1,496,106.02 lakhs with net profit of ₹27,470.93 lakhs. The board also appointed new Company Secretary and Secretarial Auditor to strengthen governance.
*this image is generated using AI for illustrative purposes only.
Maxgrow India Limited has announced its board meeting outcomes for April 3, 2026, revealing significant consolidated financial performance for the quarter ended December 31, 2025, alongside key management appointments.
Financial Performance Highlights
The company's consolidated results demonstrate substantial operational recovery, with the group generating revenue primarily through its subsidiary operations. The standalone entity continues its revival process following the NCLT-approved resolution plan.
| Financial Metric: | Standalone Q3FY26 | Consolidated Q3FY26 | Consolidated Q3FY25 |
|---|---|---|---|
| Revenue from Operations: | - | ₹610,611.83 lakhs | - |
| Total Income: | - | ₹610,611.83 lakhs | - |
| Net Profit/(Loss): | (₹20.35) lakhs | ₹11,148.17 lakhs | (₹2,076.72) lakhs |
| Earnings Per Share: | (₹0.05) | ₹27.91 | (₹5.20) |
Nine Months Performance Overview
For the nine months ended December 31, 2025, the consolidated entity achieved remarkable performance with total income of ₹1,496,106.02 lakhs and net profit of ₹27,470.93 lakhs, compared to a loss of ₹2,082.44 lakhs in the corresponding previous period.
| Nine Months Performance: | Consolidated FY26 | Consolidated FY25 |
|---|---|---|
| Total Income: | ₹1,496,106.02 lakhs | - |
| Net Profit/(Loss): | ₹27,470.93 lakhs | (₹2,082.44) lakhs |
| Earnings Per Share: | ₹86.88 | (₹3.84) |
Key Management Appointments
The board approved two significant appointments to strengthen corporate governance and compliance frameworks:
| Appointment Details: | Information |
|---|---|
| Company Secretary: | Mr. Akshay Kene (ACS 59623) |
| Effective Date: | April 3, 2026 |
| Secretarial Auditor: | M/s. Abhay Kumar Pal & Co. |
| Firm Registration: | C.P. 23812 |
Mr. Akshay Kene brings expertise in corporate laws, corporate governance, and SEBI-related matters, while M/s. Abhay Kumar Pal & Co. offers comprehensive secretarial audit services with experience in company law and securities regulations.
Regulatory Compliance and Auditor Observations
The statutory auditors R B Jain & Associates issued qualified review reports highlighting several compliance matters, including delayed financial result submissions and pending statutory requirements. The company management has indicated that corrective measures are being implemented to address these observations by April 15, 2026.
Corporate Revival Progress
Maxgrow India Limited continues its operational revival following the NCLT-approved resolution plan. The new management, which assumed control on December 23, 2024, has successfully reconstituted the board and is working towards full operational restoration while maintaining compliance with listing regulations.
Will Maxgrow India's standalone operations achieve profitability by FY27 following the completion of its NCLT-approved revival plan?
How will the company address the statutory compliance gaps identified by auditors to avoid potential regulatory penalties or delisting risks?
What strategic initiatives will the new management implement to sustain the consolidated entity's strong revenue momentum beyond Q4FY26?
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