Mid East Portfolio Management reports FY26 profit of ₹85.90 lakh
Mid East Portfolio Management Limited reported a net profit of ₹85.90 lakh for FY26, an increase from ₹41.74 lakh in the previous year, supported by a rise in total income to ₹158.07 lakh. However, the company posted a net loss of ₹50.04 lakh for the quarter ended March 31, 2026, due to lower other income. Total assets grew to ₹499.62 lakh, while statutory auditors Motilal & Associates LLP issued an unmodified opinion on the results.
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Mid East Portfolio Management Limited reported a net profit of ₹85.90 lakh for the financial year ended March 31, 2026, compared to ₹41.74 lakh in the previous year. The Board of Directors approved the standalone audited financial results at a meeting held on May 30, 2026. The company’s total income for the year rose to ₹158.07 lakh from ₹51.28 lakh in FY25, primarily due to other operating income of ₹125.00 lakh.
For the quarter ended March 31, 2026, the company reported a net loss of ₹50.04 lakh, compared to a profit of ₹19.67 lakh in the corresponding period of the previous year. Total income for the quarter stood at ₹4.56 lakh, a significant decrease from ₹22.84 lakh in the same period last year. The decline was attributed to lower other income, which fell to ₹4.56 lakh from ₹22.84 lakh.
The company’s expenditure for the full year increased to ₹65.61 lakh from ₹9.54 lakh in the previous year, driven by higher employee benefit expenses and other expenses. Profit before tax for the year was ₹92.45 lakh, up from ₹41.74 lakh in FY25. The tax expense for the year was ₹6.56 lakh, compared to nil in the previous year.
Financial Performance
The following table summarizes the key financial metrics for the quarter and year ended March 31, 2026:
| Particulars | Quarter Ended 31.03.2026 (Audited) | Quarter Ended 31.03.2025 (Audited) | Year Ended 31.03.2026 (Audited) | Year Ended 31.03.2025 (Audited) |
|---|---|---|---|---|
| Total Income | 4.56 | 22.84 | 158.07 | 51.28 |
| Total Expenditure | 48.26 | 3.17 | 65.61 | 9.54 |
| Profit/(Loss) for the period | (50.04) | 19.67 | 85.90 | 41.74 |
| Earnings per share (Basic) | (0.99) | 0.39 | 1.71 | 0.83 |
Assets and Liabilities
As of March 31, 2026, the company’s total assets stood at ₹499.62 lakh, an increase from ₹364.51 lakh in the previous year. Non-current assets, including loans and property, plant, and equipment, grew to ₹395.25 lakh from ₹171.24 lakh. Current assets decreased to ₹104.38 lakh from ₹193.27 lakh, primarily due to a reduction in cash and cash equivalents.
Equity share capital remained unchanged at ₹503.00 lakh. Other equity improved to a negative balance of ₹54.17 lakh from a negative balance of ₹140.07 lakh in the previous year. Total liabilities increased to ₹50.80 lakh from ₹1.58 lakh, driven by trade payables and provisions.
Auditor’s Report
Motilal & Associates LLP, the statutory auditors, issued an unmodified opinion on the financial results. The report confirmed that the results are presented in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and provide a true and fair view of the company’s financial performance. The audit was conducted in accordance with the Standards on Auditing specified under the Companies Act, 2013.
Historical Stock Returns for Mid East Portfolio Management
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.96% | +15.38% | +3.20% | +44.05% | +17.27% | +953.06% |
What strategic initiatives will the company implement to address the sharp decline in quarterly income and recurring net losses?
How does the company plan to sustain its full-year profitability given the heavy reliance on volatile other operating income?
What factors drove the significant increase in employee benefit expenses, and are further cost escalations expected in the coming year?
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