Mohite Industries reported a widened net loss and declining revenues for the first quarter of fiscal year 2026, reflecting continued operational pressures. The company’s consolidated net loss before tax stood at ₹245.62 lakh for the quarter ended June 30, 2026, compared to a net loss of ₹101.40 lakh in the corresponding quarter of FY25. This represents a 142% increase in losses year-on-year.

Consolidated revenue from operations fell sharply to ₹1,854.90 lakh, down from ₹2,624.44 lakh in Q1FY25, marking a decline of approximately 29%. The downturn in top-line performance contributed to the expanded bottom-line deficit, as the company failed to offset lower income with cost efficiencies.

Financial Performance Overview

The financial results for Q1FY26 highlight a reversal from the profitability seen in the preceding quarter. In Q4FY25 (quarter ended March 31, 2026), Mohite Industries had posted a net profit after tax of ₹35.93 lakh on revenues of ₹3,167.48 lakh. The sharp contrast between the two quarters underscores volatility in the company’s earnings trajectory.

Standalone figures for the quarter also reflected weakness, with standalone revenue from operations at ₹1,686.63 lakh and a standalone profit before tax of ₹(118.58) lakh.

What the Numbers Show

A key divergence emerges when comparing the pre-tax and post-tax figures for the current quarter versus the previous quarter. In Q1FY26, the net loss before tax (₹245.62 lakh) remained identical to the net loss after tax, indicating no tax benefit was recognized or utilized against the current period’s losses. In contrast, during Q4FY25, the net profit before tax was ₹156.54 lakh, which reduced to ₹35.93 lakh after tax, implying a significant effective tax rate or other adjustments impacted the final bottom line in the prior quarter. The absence of such adjustments in Q1FY26 suggests the full weight of operational losses flowed directly to the bottom line without tax mitigation.

Corporate Governance and Compliance

The unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on August 14, 2026. The statutory auditors have carried out a limited review of the results. The financial statements have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS).

Reserves as shown in the audited balance sheet of the previous year stood at ₹9,599.39 lakh. Paid-up equity share capital remained unchanged at ₹2,009.97 lakh.

Mohite Industries Ltd has closed its trading window for all designated persons and their immediate relatives from July 1, 2026, until 48 hours after the declaration of its unaudited financial results for the quarter ended June 30, 2026. This measure is intended to prevent insider trading and ensure compliance with regulatory norms during the sensitive period preceding financial announcements.

The decision was taken pursuant to the SEBI (Prohibition of Insider Trading) Regulations, 2015 and the company's Code of Conduct for regulating, monitoring, and reporting of trading by insiders. The closure restricts dealing in the shares of the company by specified individuals to maintain market integrity.

The company stated that the date of the board meeting for the consideration of the unaudited financial results for the quarter ended June 30, 2026, will be intimated in due course. The trading window will remain shut until 48 hours after the results are officially declared.

Key Details

The intimation was submitted to the Bombay Stock Exchange Limited on June 23, 2026, by Shivaji Ramchandra Mohite, Managing Director of Mohite Industries Limited.