Mukat Pipes Returns to Profitability with ₹5.34 Lakh Net Profit in FY26
Mukat Pipes Limited returned to profitability in FY26 with a net profit of ₹5.34 lakh, reversing a loss of ₹16.02 lakh in FY25, as revenue from operations grew to ₹528.74 lakh from ₹385.26 lakh. The Board approved the audited results on May 12, 2026, and the company formally declared an unmodified audit opinion from M/s. Gurpreet Kaur & Associates under SEBI Regulation 33(3)(d).

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Mukat Pipes Limited has reported its audited financial results for the quarter and year ended March 31, 2026. The company's Board of Directors approved the results during a meeting held on May 12, 2026. The manufacturer of large diameter SAW pipes posted a net profit of ₹5.34 lakh for the full fiscal year, a significant turnaround from the net loss of ₹16.02 lakh recorded in the previous year. Pursuant to Regulation 33(3)(d) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has also formally declared that its Statutory Auditors, M/s. Gurpreet Kaur & Associates, Chartered Accountants, Patiala (FRN: 015358N), have issued an Audit Report with an unmodified opinion on the audited financial results for the quarter and year ended March 31, 2026.
Financial Performance Overview
The company's total income for the year ended March 31, 2026, rose to ₹592.31 lakh from ₹433.49 lakh in the previous year. Revenue from operations increased to ₹528.74 lakh, compared to ₹385.26 lakh in FY25. For the quarter ended March 31, 2026, the company reported a net profit of ₹29.84 lakh, reversing the net loss of ₹25.04 lakh incurred in the corresponding quarter of the previous year.
| Particulars: | Year Ended 31.03.2026 (₹ in Lakhs) | Year Ended 31.03.2025 (₹ in Lakhs) |
|---|---|---|
| Revenue from Operations: | 528.74 | 385.26 |
| Total Income: | 592.31 | 433.49 |
| Total Expenses: | 586.97 | 449.51 |
| Net Profit for the Period: | 5.34 | (16.02) |
Operational Highlights and Expenses
Total expenses for the year increased to ₹586.97 lakh from ₹449.51 lakh in the prior year. The cost of materials consumed decreased to ₹148.37 lakh from ₹159.44 lakh. Employee benefit expenses rose to ₹118.30 lakh from ₹108.30 lakh. Other expenses saw a notable rise to ₹310.17 lakh compared to ₹92.72 lakh in the previous year, primarily driving the increase in overall expenditure despite the revenue growth.
Board Decisions and Regulatory Compliance
During the meeting, the Board also appointed internal auditors for the fiscal year 2026-27. The audited financial results were reviewed by the Audit Committee and approved by the Board. The company formally declared, under Regulation 33(3)(d) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, that the Statutory Auditors M/s. Gurpreet Kaur & Associates issued an Audit Report with an unmodified opinion on the results for the quarter and year ended March 31, 2026. The declaration was signed by Roopinder Singh, Chairman (DIN: 01239483), and submitted to BSE Limited on May 12, 2026.
Historical Stock Returns for Mukat Pipes
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.00% | -0.29% | +3.38% | +17.87% | +6.13% | +342.01% |
Can Mukat Pipes sustain its profitability turnaround in FY2026-27 given that 'other expenses' surged nearly 235% to ₹310.17 lakh, and what is driving this sharp cost increase?
With revenue from operations growing ~37% year-over-year, is Mukat Pipes pursuing new contracts or expanding capacity in the large diameter SAW pipes segment to maintain this growth trajectory?
How might upcoming infrastructure and oil & gas pipeline projects in India impact Mukat Pipes' order book and revenue visibility for the next 1-2 fiscal years?

























