Mohit Industries narrows FY26 net loss to ₹75.19 lakh

Mohit Industries reported a narrowed net loss of ₹75.19 lakh for the financial year ended March 31, 2026, compared to a net loss of ₹246.10 lakh in the previous year. Revenue from operations rose 24.5% to ₹13989.67 lakh for the year, driven by the company's textile segment. For the quarter ended March 31, 2026, the company posted a net profit of ₹12.70 lakh, reversing the net loss of ₹45.69 lakh recorded in the corresponding period of the prior year.

The Board of Directors approved the audited standalone and consolidated financial results at a meeting held on May 29, 2026. The meeting also saw the appointment of Mr. Hemal Kahar as Internal Auditor and M/s. Nainesh Kantliwala & Co. as Cost Auditors for the financial year 2026-27. The company noted that profitability during the year was supported by strategic cost-optimization measures, including increased reliance on solar power generation, which reduced overall energy expenses.

Financial Performance

The company's total income for FY26 stood at ₹14209.49 lakh, up from ₹11424.06 lakh in FY25. Total expenses for the year increased to ₹14338.00 lakh from ₹11752.29 lakh in the previous year. The basic earnings per share (EPS) for the year improved to a loss of ₹0.53, compared to a loss of ₹1.74 in FY25. On a standalone basis, the company's net worth stood at ₹2727.21 lakh as of March 31, 2026.

Metric (₹ in Lacs)	FY26 (Audited)	FY25 (Audited)	Change
Revenue From Operations	13989.67	11239.58	Increase
Total Income	14209.49	11424.06	Increase
Total Expenses	14338.00	11752.29	Increase
Net Profit/(Loss)	(75.19)	(246.10)	Loss Narrowed
Basic EPS	(0.53)	(1.74)	Improvement

Auditor's Qualification

Rajendra Sharma & Associates, the statutory auditors, issued a qualified opinion on the standalone and consolidated financial results. The qualification arises because the company has not provided for post-employment benefits and other long-term employee benefits under defined benefit plans on an accrual basis, instead accounting for them as and when they become due for payment. This method constitutes a departure from Ind AS 19 on Employee Benefits.

The auditors stated that due to the absence of an actuarial report, the quantum of deviation cannot be ascertained. Had the company followed Ind AS 19, employee benefit expenses would have increased, and the profit for the period would have reduced. The Board, however, opined that the liability is negligible and will not impact the financial position, citing the high cost of actuarial consultation relative to the annual liability. This qualification has been a recurring feature in the auditor's report since 2007.

Consolidated Results

On a consolidated basis, which includes associates Mohit Yarns Limited and Mohit Overseas Limited, the company reported a net loss of ₹78.79 lakh for FY26, narrowing from a loss of ₹242.72 lakh in the previous year. Total consolidated income for the year was ₹14209.49 lakh. The consolidated net worth stood at ₹9254.15 lakh as of March 31, 2026. The auditors issued a similar qualified opinion on the consolidated financial statements regarding the holding company's accounting for post-employment benefits.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.14%	-5.98%	-11.03%	-21.48%	-28.35%	+132.91%

Mohit Industries Limited has announced that its board meeting is scheduled to be held on Friday, May 29, 2026. The meeting will be convened pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Agenda for the Meeting

The primary purpose of the meeting is to consider and approve the audited standalone and consolidated financial results of the company. The results will cover the performance for the quarter and the financial year ended March 31, 2026. The board will also discuss any other item with the permission of the chair.

Trading Window Closure

In compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, the company has closed the trading window for dealing in its securities. This closure came into effect from April 1, 2026. The window will remain closed until 48 hours after the financial results are declared to the Stock Exchanges.

Company Details

Mohit Industries Limited is an ISO 9001:2015 certified company. The intimation regarding the board meeting was addressed to BSE Limited and The National Stock Exchange of India Limited, providing the necessary details regarding the upcoming proceedings.