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.

Modern Malleables 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 25, 2026, at the company's registered office in Kolkata. The statutory auditors, M/s. B.R. Khaitan & Co., have provided an unmodified opinion on the financial statements, confirming compliance with Indian Accounting Standards (Ind AS) and SEBI regulations.

Financial Performance Overview

For the financial year ended March 31, 2026, the company reported a significant increase in profitability. Net profit for the period rose to ₹1,934.42 lakh, compared to ₹1,002.12 lakh in the previous year. Revenue from operations for the year stood at ₹15,087.02 lakh, a substantial increase from the ₹5,231.06 lakh recorded in the prior year. This growth was driven by strong operational performance across the power and telecommunication sectors.

Quarterly Results and Key Metrics

The performance for the fourth quarter (Q4) of FY26 also showed robust growth. Revenue from operations for the three months ended March 31, 2026, reached ₹5,344.89 lakh, up from ₹2,617.18 lakh in the corresponding quarter of the previous year. The net profit for the quarter was ₹879.22 lakh. Earnings per share (EPS) for the year increased to ₹1.66 from ₹0.96 in the previous year. On an operational efficiency basis, Q4 EBITDA stood at 121M Rupees, with the EBITDA margin expanding significantly to 22.54% from 8.33% in the same quarter of the previous year, reflecting improved cost management and operating leverage.

The following table summarises the key annual and quarterly financial metrics:

The table below highlights the Q4 operational performance:

Balance Sheet and Cash Flows

The company's financial position strengthened by the end of FY26. Total assets increased to ₹22,443.59 lakh as of March 31, 2026, from ₹20,088.06 lakh a year earlier. Equity reserves grew to ₹17,792.35 lakh. The cash flow statement indicated a net increase in cash and cash equivalents, which stood at ₹8.99 lakh at the end of the year, compared to ₹6.05 lakh at the end of the previous year. The trading window, which was closed from April 1, 2026, will reopen 48 hours after the announcement of these results.