Mindteck (India) Limited has announced its audited financial results for the quarter and year ended March 31, 2026. The Board of Directors approved the results during a meeting held on May 19, 2026, and recommended a dividend of 10%, or Re. 1 per equity share, for the financial year 2025-26.

Consolidated Performance

For the full year ended March 31, 2026, the company reported a consolidated net profit of ₹31.52 crore, an increase of 9.9% compared to ₹28.68 crore in the previous year. Revenue from operations for the year stood at ₹407.30 crore, down from ₹424.42 crore in the prior year. The company attributed the revenue decline primarily to the divestiture of low-margin businesses.

In the quarter ended March 31, 2026, consolidated net profit rose to ₹10.16 crore from ₹6.80 crore in the corresponding quarter of the previous year. Revenue for the quarter was ₹103.91 crore, compared to ₹104.02 crore in the same period last year.

Q4 EBITDA Performance

Mindteck's operational profitability showed notable improvement in the latest quarter. Q4 EBITDA grew to 107M rupees compared to 86M rupees in the same quarter of the previous year, reflecting stronger cost management and operational efficiency. The EBITDA margin expanded meaningfully to 10.26% from 8.24% year-on-year, underscoring the company's focus on improving margins even as revenue remained broadly stable.

The following table highlights the key Q4 EBITDA metrics:

Standalone Results

On a standalone basis, the company reported a net profit of ₹17.40 crore for the year ended March 31, 2026, a decrease of 7.6% from ₹18.82 crore in the previous year. This figure includes an exceptional item of ₹5.30 crore related to the impact of new Labour Codes. Revenue from operations for the year decreased to ₹149.65 crore from ₹155.09 crore in the prior year.

For the quarter ended March 31, 2026, standalone net profit was ₹5.19 crore, down from ₹7.26 crore in the corresponding quarter of the previous year. Revenue for the quarter stood at ₹36.92 crore, compared to ₹38.61 crore in the same period last year.

Full-Year Financial Highlights

The following table summarizes the key financial metrics for the year ended March 31, 2026:

Operational Updates

The Board also re-appointed Vasan & Sampath LLP as the Internal Auditor for the financial year 2026-27. The company noted that its focus on operational discipline and cost efficiency helped protect profitability despite revenue challenges. The proposed dividend is subject to shareholder approval at the upcoming Annual General Meeting.

Mindteck (India) Limited has intimated the stock exchanges of the appointment of two new Independent Directors to its Board, effective May 13, 2026. Ms. Preeti Mohan and Mr. Madhuranath R Konety have been appointed as Additional Directors and designated as Independent Directors for a term of five consecutive years each, subject to the approval of the company's shareholders. The disclosure was made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Appointment Details

The key parameters of the appointments are summarised below:

Profile of Ms. Preeti Mohan

Ms. Preeti Mohan is a technology and business transformation leader with over three decades of extensive global experience. She has held senior leadership positions at organisations including Accenture, Genpact, WNS, and Headstrong, leading global initiatives across Digital and Business Transformation, P&L management, Operations and Delivery, Portfolio Rationalization, Mergers & Acquisitions, and Product Strategy & Development. Her experience spans both corporate enterprises and entrepreneurial AI ventures, combining operational rigour with startup agility.

Ms. Mohan holds a degree in Computer Science from Birla Institute of Technology. She also serves as Co-founder and Board Member of SMMARUN, a startup focused on Responsible AI and Governance. Additionally, she actively contributes to Diversity, Equity & Inclusion (DEI), sustainability, and community development initiatives, and serves as a trustee for an organisation focused on creating employment opportunities for underprivileged communities.

Profile of Mr. Madhuranath R Konety

Mr. Madhuranath R Konety is an enterprise artificial intelligence product leader and venture builder with over 25 years of experience in creating, scaling, and investing in technology companies across the United States and India. He is the Co-Founder and Chief Product Officer of IceCreamLabs, a Silicon Valley-based enterprise AI firm that operates an AI Solutions business serving Fortune 500 customers, including Walmart, Nestlé, and Procter & Gamble. The firm also runs an AI Venture Studio that has incubated and scaled multiple generative AI and agentic AI companies, including Modo.ai and Commerceflow.ai.

Earlier in his career, Mr. Konety held product leadership roles at Network General and BMC Software, and founded APTUATE. He also served as a Partner at Be Capital (Dubai/Bangalore) and Deccan Emerging Ventures (Bangalore), where he evaluated and advised on enterprise software and AI investments. He is a frequent industry speaker on enterprise AI at forums such as the National Retail Federation (NRF) and the Consumer Goods Forum, and advises early-stage AI companies. His academic credentials include an MSx from the Stanford Graduate School of Business, a Master of Computer Science from Virginia Tech, and a Bachelor of Engineering from BMS College of Engineering, Bangalore. He brings to the Board expertise in enterprise AI strategy, generative AI and large language model product development, global software delivery, and technology governance.

Key Highlights

• Both directors appointed as Additional Directors and designated as Independent Directors
• Appointment effective May 13, 2026, for a term of five consecutive years each
• Appointments are subject to shareholder approval
• No inter-se relationship disclosed between the newly appointed directors and existing directors
• Disclosure made under Regulation 30 of SEBI LODR Regulations, 2015