MSL Global returns to profitability in FY26 with net profit of ₹496.86 lakh
MSL Global Limited returned to profitability in FY26 with a net profit of ₹496.86 lakh, reversing the previous year's loss of ₹52.32 lakh. Total income rose to ₹617.34 lakh, driven by other operating income. The Board approved the audited results on May 28, 2026.

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Madhusudan Securities returned to profitability in the financial year ended March 31, 2026, reporting a net profit of ₹496.86 lakh compared to a net loss of ₹52.32 lakh in the previous year. The company's total income for the year rose to ₹617.34 lakh from ₹6.75 lakh in FY25, driven primarily by other operating income. The Board of Directors approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, at a meeting held on May 28, 2026.
Standalone Financial Performance
For the quarter ended March 31, 2026, the company reported a net profit of ₹86.15 lakh, a significant increase from the net loss of ₹6.88 lakh in the same quarter of the previous year. Total income for the quarter stood at ₹104.13 lakh, up from ₹4.03 lakh in Q4FY25. The company's earnings per share (EPS) for the year ended March 31, 2026, was ₹2.32, compared to a negative EPS of ₹0.47 in the prior year.
| Particulars | Year Ended March 31, 2026 (₹ in Lakhs) | Year Ended March 31, 2025 (₹ in Lakhs) |
|---|---|---|
| Total Income | 617.34 | 6.75 |
| Total Expenditure | 30.47 | 59.22 |
| Profit before Tax | 586.86 | -52.46 |
| Net Profit | 496.86 | -52.32 |
| Earnings Per Share (Basic) | 2.32 | (0.47) |
Consolidated Results and Auditor's Opinion
On a consolidated basis, MSL Global Limited reported a net profit of ₹281.17 lakh for FY26 against a net loss of ₹82.53 lakh in the previous year. Total consolidated income for the year was ₹728.60 lakh. The statutory auditors, S. V. Bhat & Co., issued a qualified opinion in their report, noting that the company has not made any provision for advances of ₹12 Crores outstanding beyond three years from Primus Retail (P) Ltd, which is under liquidation.
Balance Sheet and Cash Flows
The company's standalone net assets improved, with shareholders' funds increasing to ₹8402.01 lakh as of March 31, 2026, from ₹8184.58 lakh in the previous year. Cash and cash equivalents surged to ₹963.17 lakh from ₹134.39 lakh, bolstered by net cash generated from financing activities amounting to ₹1393.74 lakh, primarily due to the issue of equity shares. The auditors confirmed that the financial results give a true and fair view of the company's financial position, in conformity with Indian Accounting Standard 34.
Historical Stock Returns for Madhusudan Securities
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.82% | -9.51% | -10.43% | -30.19% | -24.14% | +1,529.63% |
How does the company plan to sustain the surge in other operating income that drove this profitability?
What specific measures will management take to address the qualified audit opinion regarding the ₹12 Crore outstanding advances?
Will the significant increase in cash reserves lead to dividend declarations or strategic investments in the coming year?


































