Mold-Tek Technologies Limited announced its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The Board of Directors approved the results at their meeting held on May 14, 2026, which were reviewed by the Audit Committee. Statutory auditors M/s. Praturi & Sriram, Chartered Accountants, issued an unmodified audit opinion on both standalone and consolidated financial statements. Pursuant to Regulation 30 and Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company also published the audited financial results in "Financial Express" (English) and "Nava Telangana" (Telugu) on May 15, 2026. The advertisements have been uploaded on the company's official website at www.moldtekengineering.com . In compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company uploaded the audio recording and transcript of its investor conference call held on May 14, 2026, at 4:30 PM (IST) to discuss Q4 FY26 results on its official website.

Q4 FY26 Performance: Strong Recovery

The company delivered robust year-on-year growth in Q4 FY26, supported by improved execution across U.S. projects and operational efficiencies. On a consolidated basis, revenue surged 85.72% year-on-year, while profit after tax (PAT) turned decisively positive compared to a loss in the same quarter of the previous year. The key consolidated and standalone performance metrics for Q4 FY26 are presented below:

On a sequential basis, consolidated revenue grew 5.36% from ₹5,266.70 lakhs, though consolidated PAT declined 41.27% from ₹388.85 lakhs. Standalone revenue rose 10.79% sequentially, while standalone PAT dipped 10.92%. During the earnings call, Chairman and Managing Director Lakshmana Rao noted that despite a mark-to-market (MTM) loss of approximately ₹4 crores on rupee depreciation, the company posted a consolidated PAT of ₹2.28 crores in Q4, compared to a loss of ₹1.62 crores in Q4 of the previous year.

Full-Year FY26 Financial Results

For the full year ended March 31, 2026, the company reported growth in revenues on both standalone and consolidated bases. The detailed income statement highlights are as follows:

The standalone balance sheet reflects total assets of ₹15,502.98 lakhs as at March 31, 2026, compared to ₹13,454.58 lakhs a year earlier. Consolidated total assets stood at ₹17,196.18 lakhs versus ₹13,741.85 lakhs as at March 31, 2025. During the conference call, management clarified that full-year consolidated EBITDA stood at ₹19.64 crores and standalone EBITDA at ₹20 crores, with the full-year PAT decline of approximately 17% attributed largely to MTM forex losses and costs associated with the Beryl acquisition.

Cash Flow Highlights

The standalone and consolidated cash flow statements for the year ended March 31, 2026 reflect the following key movements:

Subsidiary Performance

The consolidated results include wholly owned subsidiaries Mold-Tek Technologies Inc., USA, and Beryl Engineering Inc., USA, along with step-down subsidiary Beryl Project Engineering LLC. Mold-Tek Technologies Inc. reflected total assets of ₹3,775.97 lakhs and total revenues of ₹14,259.08 lakhs, with a net profit of ₹30.20 lakhs for the year ended March 31, 2026. Beryl Engineering Inc. (consolidated with Beryl Project Engineering LLC) reflected total assets of ₹4,451.50 lakhs and total revenues of ₹2,344.18 lakhs, with a net loss of ₹92.10 lakhs for the year ended March 31, 2026. During the conference call, management disclosed that Beryl contributed revenues of approximately ₹23 crores over the five months since its acquisition in November 2025, with Q4 revenues of approximately ₹11 crores. Beryl's Q4 recorded a loss of approximately ₹70 lakhs, attributed to seasonally lower workflow in its first quarter of integration. The following table summarises the key subsidiary metrics discussed:

Management Commentary

J. Lakshmana Rao, Chairman and Managing Director, stated: "Q4 FY25–26 marks a strong finish to the financial year, reflecting the steady recovery and momentum built over the past few quarters. Improved execution, healthy order inflows, and better utilization across divisions have contributed to stronger operational performance. The sudden drop in rupee value during the quarter has impacted the bottom line, without which the operational profit for the quarter would have been greater than ₹8 crores."

On the MES division, he noted that losses from the BIW automobile segment—estimated at over ₹7 crores during the last financial year—prompted the company to downsize its MES BIW-Automobile services team from 160 to 60 employees by end of March, with the team closure effective from April 1. The MES loss in Q4 alone was approximately ₹1.7–1.8 crores. Simultaneously, the poles and towers team has grown from 45–50 people to approximately 80 people. The company also entered into a three-year Master Service Agreement (MSA) with Danieli Corus for deployment of on-site engineers, with a mandate for 20 people and revenue potential of approximately $0.50 million per annum within one year. On hedging policy, management acknowledged that MTM losses and gains would henceforth be reported separately from operational EBITDA to provide investors a clearer picture of operational margins. The company also confirmed that the preferential allotment of 2.9 lakh shares at ₹164 was cancelled as the investor did not transfer funds within the BSE/NSE-stipulated timeline.

Divisional Outlook

The Civil and Structural (CES) Division reported a strong increase in work on hand, rising from $2.84 million at the start of the year to approximately $5.0 million at the end of Q4 FY26—a jump of approximately 60–70%. Structural design currently constitutes approximately 8–10% of overall civil services revenues, up from 100% detailing three to four years ago. Management indicated a target of 30–40% of revenues from design services over the next three to four years, to be pursued through both organic team-building and potential inorganic acquisitions. The company is in talks with a structural design company near its Atlanta office for a potential acquisition.

The Mechanical Engineering Services (MES) Division reported work on hand of $0.25 million, down from approximately $0.50 million at the start of the year, reflecting the deliberate curtailment of the BIW automobile segment. The poles and towers segment work on hand stood at $0.35 million, consistent with the prior quarter's $0.32 million. Poles and towers revenues for the last year were approximately $800K, with management projecting growth to $1.5–$2.0 million in the current year. The following table summarises the key divisional order book positions:

Regarding Beryl's integration, management confirmed that not a single employee from the 40-member Beryl team had resigned in the five months since acquisition. Six engineers have been trained in India to support Beryl's design expansion, with a target of building a 15–20 member India-based support team by Q4 of the current financial year. Beryl's revenue mix was described as approximately 50% inspections, 30% permitting, and 20% design services, with approximately 50% of non-inspection work identified as suitable for gradual outsourcing to India. Management also highlighted that the company is in the middle of a regulatory tailwind from Florida's condominium inspection mandate, with completed inspections now converting into design projects. On the Nashik office development, management indicated that final municipal approvals are expected shortly, with construction to commence in June and cost savings of approximately ₹2–2.5 crores per annum expected to accrue from FY2027–28. For FY27, management guided for a consolidated top line of approximately ₹250 crores and EBITDA margin improvement from 11% to approximately 15%, supported by the elimination of MES BIW losses, Beryl's growing contribution, and productivity improvements of 10–15% already visible in April.

Mold-Tek Technologies Limited has withdrawn its proposed preferential issue of up to 2,90,000 fully paid-up equity shares after the proposed allottee failed to transfer the share application money within the stipulated timeline. The Board of Directors approved the withdrawal through a circular resolution passed on May 1, 2026, as per intimation submitted to the stock exchanges under Regulation 30 of SEBI LODR Regulations.

The preferential issue had been previously approved by the Board at its meeting held on February 28, 2026, and subsequently by the members of the company at an extraordinary general meeting held on March 30, 2026. The issue was proposed to be made on a private placement basis to a proposed allottee, in accordance with Sections 42 and 62 of the Companies Act, 2013, and Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Key Details of the Withdrawn Issue

The company had received in-principle approval from both National Stock Exchange of India Limited and BSE Limited for the proposed preferential issue on April 16, 2026. However, the transaction could not proceed as the proposed allottee did not transfer the share application money within the required timeframe.

Timeline of Events

• February 28, 2026: Board Meeting approved the preferential issue
• March 30, 2026: Extraordinary General Meeting approved the preferential issue
• April 16, 2026: Stock Exchanges granted in-principle approval
• May 1, 2026: Board withdrew and cancelled the proposed preferential issue

The withdrawal of the preferential issue has been communicated to both BSE Limited and National Stock Exchange of India Limited for their information and records. The company's scrip is listed on BSE with code 526263 and on NSE with symbol MOLDTECH-EQ.