Mehai Technology Q1 Results: Net profit up 58% YoY to ₹123.25 lakh
Mehai Technology reported a 58% YoY jump in net profit to ₹123.25 lakh for Q1FY26, driven by a 109% surge in revenue to ₹1,928.72 lakh. Expenses rose sharply alongside revenue, leading to a slight compression in operating margins despite the absolute profit growth.
*this image is generated using AI for illustrative purposes only.
Mehai Technology Limited posted a net profit of ₹123.25 lakh for the first quarter of FY26, rising 58% year-on-year from ₹78.09 lakh in Q1FY25. The Kolkata-based technology firm saw its revenue from operations surge to ₹1,928.72 lakh, up from ₹924.95 lakh in the corresponding period of the previous fiscal year.
The results were approved by the Board of Directors at a meeting held on August 14, 2026. The company filed its unaudited standalone and consolidated financial results with stock exchanges in compliance with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Financial Performance
The company’s total income from operations stood at ₹1,928.72 lakh for the quarter ended June 30, 2026, compared to ₹924.95 lakh in Q1FY25. Total expenses increased proportionally to ₹1,756.50 lakh from ₹817.51 lakh in the prior year period.
Profit before tax, exceptional, and extraordinary items was recorded at ₹172.22 lakh, up from ₹107.44 lakh in Q1FY25. The consolidated net profit after tax stood at ₹126.12 lakh, compared to ₹110.61 lakh in the same quarter last year.
| Metric | Q1FY26 (₹ Lakh) | Q1FY25 (₹ Lakh) | Change |
|---|---|---|---|
| Revenue from Operations | 1,928.72 | 924.95 | +108.5% |
| Total Expenses | 1,756.50 | 817.51 | +114.9% |
| Net Profit After Tax | 123.25 | 78.09 | +57.8% |
| Basic EPS (₹) | 0.02 | 0.02 | 0% |
What the Numbers Show
While revenue growth was robust, total expenses grew at a faster pace (114.9%) than revenue (108.5%) year-on-year. This divergence resulted in the operating margin contracting slightly. In Q1FY25, the difference between revenue and expenses yielded a pre-tax profit of ₹107.44 lakh against ₹924.95 lakh revenue (approx. 11.6%). In Q1FY26, the pre-tax profit was ₹172.22 lakh against ₹1,928.72 lakh revenue (approx. 8.9%), indicating that cost structures scaled more aggressively than top-line growth during this period of expansion.
Historical Stock Returns for Mehai Technology
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.38% | +5.13% | +5.13% | -19.08% | -87.33% | -54.95% |
What specific operational initiatives is Mehai Technology implementing to reverse the trend of expenses outpacing revenue growth?
How does the company plan to sustain its double-digit revenue momentum in Q2FY26 given the recent contraction in operating margins?
Are there any new client acquisitions or contract wins that drove the 108.5% revenue surge, and are these deals recurring in nature?
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