Milestone Global Limited reported a 17% year-on-year increase in standalone revenue for the quarter ended June 30, 2026 (Q1FY26), rising to ₹368.27 lakh from ₹335.45 lakh in the same period last year. The company returned to profitability, posting a net profit of ₹6.43 lakh compared to a net loss of ₹10.89 lakh in the preceding quarter. This turnaround was primarily fueled by a significant surge in revenue from its European operations, which grew 57% year-on-year to ₹203.90 lakh.

The Board of Directors approved the unaudited financial results on August 11, 2026, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Alongside the financial approval, the Board noted the resignation of Sunil Kumar Sharma as Chief Financial Officer, effective from the close of business hours on October 9, 2026. P.L. Tandon & Co., the statutory auditors, issued a limited review report on the standalone and consolidated results, confirming no material misstatements were identified.

Financial Performance

Standalone revenue from operations stood at ₹364.94 lakh, up from ₹311.28 lakh in Q1FY25. Other income declined sharply to ₹3.33 lakh from ₹24.17 lakh in the corresponding period last year. Total expenses increased to ₹361.84 lakh from ₹306.61 lakh, largely due to higher other expenses which rose to ₹141.81 lakh from ₹97.58 lakh. Despite the expense increase, cost of material consumed decreased slightly to ₹171.24 lakh from ₹179.95 lakh.

Segment Analysis

The European segment emerged as the key growth driver, contributing ₹203.90 lakh to revenue, a substantial jump from ₹130.23 lakh in Q1FY25. In contrast, revenue from the USA segment declined by 11% to ₹161.04 lakh from ₹181.05 lakh. The Canada segment reported no revenue in the current quarter, having contributed ₹50.70 lakh in the full previous fiscal year. Earnings per share (EPS) improved to ₹0.13 from a negative ₹0.22 in the previous quarter.

What the Numbers Show

A notable divergence exists between the decline in other income and the rise in operational revenue. While other income fell by approximately 86% year-on-year (from ₹24.17 lakh to ₹3.33 lakh), core revenue growth remained robust at 17%. This suggests the current quarter’s profitability is driven by core business operations rather than incidental gains, marking a shift from the prior year’s composition where other income played a larger role in total revenue. However, the sharp rise in "other expenses" warrants monitoring, as it outpaced revenue growth in absolute terms.

Consolidated Results and Auditor Notes

Consolidated revenue from operations rose to ₹457.06 lakh from ₹417.58 lakh in Q1FY25. The consolidated statement includes results from subsidiaries Milestone Global Limited U.K. and Milestone Imports Inc – USA. The auditor’s report notes that the interim financial results of these two subsidiaries, reflecting total revenue of ₹390.93 lakh and a net loss of ₹3.13 lakh, were not reviewed but were included in the consolidated figures based on management representation.

Milestone Global Limited has announced the schedule for its 36th Annual General Meeting (AGM), set to be held via video conference on Saturday, September 19, 2026. The meeting aims to transact business as outlined in the notice, including the approval of financial statements for FY25-26, though specific quarterly financial metrics for Q1FY26 were not included in this particular filing.

The Board of Directors has fixed September 14, 2026, as the cut-off date for determining shareholder eligibility for voting. Shareholders holding shares in physical or dematerialized form as of this date can participate in remote e-voting or vote during the AGM. The register of members and share transfer books will remain closed from September 15, 2026, to September 19, 2026, inclusive, to facilitate the process.

Remote e-voting will commence on Wednesday, September 16, 2026, at 9:00 a.m. IST and conclude on Friday, September 18, 2026, at 5:00 p.m. IST. The facility is managed through the Central Depository Services (India) Limited (CDSL) e-voting system. Shareholders who have already cast their votes remotely are not eligible to vote again during the AGM session.

Key Dates and Procedures

Shareholders participating via video conference will be counted towards the quorum under Section 103 of the Companies Act, 2013. The company has appointed Mr. M. Rajasekhar, a lawyer, as the scrutinizer to ensure fair and transparent conduct of the e-voting process.

Shareholder Compliance Requirements

In compliance with Securities and Exchange Board of India (SEBI) guidelines, shareholders are required to update their PAN, email ID, KYC details, and nomination information with their respective Depository Participants (DPs) or Registrar and Transfer Agents (RTAs). Physical shareholders must provide these details to the RTA, Integrated India Stock Holding Limited, by writing to irg@integratedindia.in .

Electronic copies of the AGM notice and Annual Report for FY25-26 have been dispatched to registered email addresses. Shareholders without registered emails have received letters with weblinks to access these documents. The full annual report is also available on the company’s website.