Modern Malleables Limited reported a significant improvement in financial performance for the quarter ended June 30, 2026, with net profit after tax rising to ₹750.45 lakh from ₹244.76 lakh in the same quarter of the previous year. Total income from operations nearly doubled to ₹5,522.74 lakh, compared to ₹2,787.45 lakh in Q1 of the prior year. The unaudited standalone financial results were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on August 12, 2026.

Q1FY27 financial performance

The company's pre-tax profit also rose sharply, with net profit before tax standing at ₹1,002.87 lakh for the quarter ended June 30, 2026, against ₹327.08 lakh in the corresponding quarter of the previous year. Total comprehensive income for the quarter came in at ₹2,106.49 lakh, compared to ₹1,148.00 lakh in the year-ago period.

The following table summarises the key standalone financial metrics across periods:

Earnings per share and capital structure

Earnings per share of ₹1 each (face value) stood at ₹0.64 on both basic and diluted basis for the quarter ended June 30, 2026, compared to ₹0.21 in the corresponding quarter of the previous year and ₹0.75 in the preceding quarter ended March 31, 2026. Equity share capital remained unchanged at ₹1,165.25 lakh. Other equity as at March 31, 2026 stood at ₹16,627.10 lakh.

Regulatory and disclosure notes

The financial results have been prepared in accordance with Indian Accounting Standards prescribed under section 133 of the Companies Act, 2013, and in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The full format of the financial results is available on the BSE website and on the company's website. The results were published in LIPI (Bengali) and The Echo of India (English) on August 12, 2026, pursuant to Regulation 47 of the SEBI Listing Regulations.

Modern Malleables Limited reported a net profit of ₹750.45 lakh for the quarter ended June 30, 2026, a significant turnaround from the ₹244.75 lakh profit recorded in the same period last year. The Kolkata-based manufacturer saw its revenue from operations nearly double to ₹5,522.74 lakh, up 98.5% year-on-year, reflecting robust demand in its core power and telecommunications segments. This performance underscores the company’s operational momentum as it expands its footprint in utility markets across India.

The Board of Directors approved the unaudited financial results on August 12, 2026, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by B.R. Khaitan & Co., the company’s statutory auditors, who conducted a limited review in accordance with Standard on Review Engagement (SRE) 2410. The financial statement was prepared in compliance with Indian Accounting Standard (Ind AS) 34.

Financial Performance Overview

Revenue from operations stood at ₹5,522.74 lakh for the quarter, compared to ₹2,781.61 lakh in Q1FY26. Total expenses rose to ₹4,519.87 lakh from ₹2,460.37 lakh during the same period last year, primarily due to increased cost of materials consumed, which jumped to ₹3,908.01 lakh from ₹2,031.74 lakh. Despite the rise in costs, the company maintained healthy profitability margins.

Other income was negligible at nil for the current quarter, whereas it contributed ₹5.84 lakh in the previous year. Finance costs increased to ₹44.51 lakh from ₹18.93 lakh, indicating higher borrowing or interest outlays associated with expanded operations. Depreciation and amortization expenses remained relatively stable at ₹23.82 lakh.

What the Numbers Show

The disproportionate rise in cost of materials consumed relative to revenue growth warrants attention. While revenue nearly doubled, material costs more than tripled, suggesting a shift in product mix or input price inflation. However, the company successfully managed other operational expenses, keeping employee benefits and other expenses in check relative to the scale of operations. The surge in equity instruments through Other Comprehensive Income (OCI), adding ₹1,356.04 lakh to total comprehensive income, highlights significant unrealized gains on investments, boosting overall wealth creation despite volatile market conditions.