MRO-TEK Networks Limited reported a standalone net profit of ₹230.84 lakh for the quarter ended September 30, 2026 (Q2FY27), marking a 60.2% decline from ₹580.15 lakh in the corresponding period last year.

The Bengaluru-based company, formerly known as Umiya Buildcon Limited, recorded revenue from operations of ₹1,879.20 lakh, up 78.3% from ₹1,053.65 lakh in Q2FY26. The decline in bottom line was primarily driven by higher finance costs and depreciation, which offset the robust top-line growth.

Segment Performance and Revenue Drivers

The company operates across three primary segments: Products, Real Estate, and Solutions. The Product segment emerged as the key growth engine, with revenue surging to ₹1,150.69 lakh in Q2FY27 from ₹213.22 lakh in Q2FY26. This segment also contributed significantly to profitability, reporting a profit before tax and interest of ₹482.96 lakh.

In contrast, the Solutions segment witnessed a contraction in revenue, falling to ₹277.70 lakh from ₹411.04 lakh year-on-year. The Real Estate segment remained stable, with revenue marginally increasing to ₹450.81 lakh from ₹429.39 lakh.

Cost Structure and Margin Analysis

Total expenses for the quarter stood at ₹1,775.14 lakh, up 62.0% from ₹1,095.48 lakh in Q2FY26. Key expense drivers included:

• Cost of materials consumed: Rose sharply to ₹883.18 lakh from ₹129.33 lakh, reflecting increased production activity in the Product segment.
• Finance costs: Increased to ₹300.56 lakh from ₹268.95 lakh.
• Depreciation and amortization: Jumped to ₹157.03 lakh from ₹79.31 lakh, partly due to new lease accounting adjustments and R&D infrastructure expansion.

The company noted an increase in R&D expenses by ₹25 lakh during the quarter to broaden its product portfolio. Additionally, leasing a new office resulted in additional expenditure of ₹83 lakh, including Ind AS adjustments.

What the Numbers Show

A divergence between revenue growth and profit margins is evident. While revenue grew nearly 78%, net profit declined by over 60%. This disparity highlights the impact of rising operational costs, particularly the significant jump in material costs and depreciation. Other income also dropped substantially to ₹207.43 lakh from ₹632.89 lakh in the previous year, further compressing the bottom line despite strong core business performance.

Balance Sheet Highlights

As on September 30, 2026, total assets stood at ₹29,020.82 lakh, up from ₹26,413.91 lakh as on March 31, 2026. Total equity increased to ₹12,201.34 lakh. Cash and cash equivalents were reported at ₹21.70 lakh.

Umiya Buildcon Limited promoter group entity Umiya Holding Private Limited acquired 500 shares through the open market on September 30, 2026. This transaction increases the group’s total holding to 72,59,667 shares.

The acquisition keeps the stake percentage steady at 38.84% of the company’s total equity share capital. Aniruddha Bhanuprasad Mehta, Director of Umiya Holding, signed the disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Recent Transaction History

The filing confirms the updated holding following the September 30 transaction. The total equity share capital of Umiya Buildcon remains unchanged at 1,86,84,602 shares. There were no changes to encumbrances, pledges, or convertible securities associated with the acquirer's holdings during this period.

Regulatory Disclosure

The disclosure notes that Umiya Buildcon was formerly known as MRO-TEK Realty Limited. The filing was submitted to both the National Stock Exchange of India Limited and BSE Limited.