Mukta Agriculture Returns to Profit in FY26
Mukta Agriculture Limited returned to profitability in FY26 with a net profit of ₹26.551 lakh, compared to a net loss of ₹15.747 lakh in the previous year. Total income increased significantly to ₹60.609 lakh from ₹17.284 lakh, primarily due to other income, as no revenue from operations was recorded. The Board of Directors approved the audited financial results on May 15, 2026, and the results were subsequently published in newspapers on the same day.

*this image is generated using AI for illustrative purposes only.
Mukta Agriculture Limited has reported its audited financial results for the quarter and year ended March 31, 2026. The company returned to profitability for the full year, recording a net profit of ₹26.551 lakh compared to a net loss of ₹15.747 lakh in the previous year. Total income for the year rose significantly to ₹60.609 lakh from ₹17.284 lakh in the prior year, driven entirely by other income, with no revenue from operations reported for either the quarter or the full year. The statutory auditors, M/s. Ashok Shetty & Co. (FRN: 117134W), expressed an unmodified opinion on the audited financial results.
Financial Performance
The company's full-year performance reflected a marked turnaround, with total expenses remaining broadly stable at ₹34.058 lakh compared to ₹34.060 lakh in the previous year. For the quarter ended March 31, 2026, net profit stood at ₹28.513 lakh, up from ₹12.193 lakh in the same quarter of the previous year, while total income for the quarter was ₹35.654 lakh against total expenses of ₹7.141 lakh. Basic and diluted earnings per share (face value ₹10 each) for the year stood at ₹0.122, compared to ₹(0.073) in the previous year.
The following table summarizes the company's financial performance:
| Particulars: | Quarter Ended 31.03.2026 (₹ in Lakhs) | Quarter Ended 31.12.2025 (₹ in Lakhs) | Quarter Ended 31.03.2025 (₹ in Lakhs) | Year Ended 31.03.2026 (₹ in Lakhs) | Year Ended 31.03.2025 (₹ in Lakhs) |
|---|---|---|---|---|---|
| Total Income | 35.654 | 17.450 | 19.319 | 60.609 | 17.284 |
| Employee Benefits Expenses | 5.535 | 7.517 | 5.779 | 23.911 | 24.941 |
| Other Expenses | 1.606 | 1.740 | 1.307 | 10.147 | 9.081 |
| Total Expenses | 7.141 | 9.257 | 7.126 | 34.058 | 34.060 |
| Net Profit/(Loss) After Tax | 28.513 | 8.193 | 12.193 | 26.551 | (15.747) |
| Basic EPS (₹) | 0.132 | 0.038 | 0.056 | 0.122 | (0.073) |
| Diluted EPS (₹) | 0.132 | 0.038 | 0.056 | 0.122 | (0.073) |
Balance Sheet Highlights
As at March 31, 2026, total assets stood at ₹2,243.480 lakh, compared to ₹2,227.325 lakh in the previous year. Total equity improved to ₹2,241.238 lakh from ₹2,224.998 lakh, supported by equity share capital of ₹2,168.177 lakh and other equity of ₹73.061 lakh. Non-current assets declined to ₹1,277.855 lakh from ₹2,195.180 lakh, primarily due to a reduction in non-current investments from ₹2,185.215 lakh to ₹1,270.530 lakh. Current assets, however, rose sharply to ₹965.625 lakh from ₹32.145 lakh, driven by current loans of ₹948.52 lakh. Total current liabilities stood at ₹2.241 lakh as at March 31, 2026.
| Balance Sheet Metric: | As at 31.03.2026 (₹ in Lakhs) | As at 31.03.2025 (₹ in Lakhs) |
|---|---|---|
| Non-Current Investments | 1,270.530 | 2,185.215 |
| Total Non-Current Assets | 1,277.855 | 2,195.180 |
| Current Loans | 948.52 | - |
| Total Current Assets | 965.625 | 32.145 |
| Total Assets | 2,243.480 | 2,227.325 |
| Equity Share Capital | 2,168.177 | 2,168.177 |
| Other Equity | 73.061 | 56.821 |
| Total Equity | 2,241.238 | 2,224.998 |
| Total Current Liabilities | 2.241 | 2.327 |
| Total Equity and Liabilities | 2,243.480 | 2,227.325 |
Cash Flow Summary
For the year ended March 31, 2026, net cash from operating activities was ₹(961.651) lakh, compared to ₹75.824 lakh in the previous year, reflecting a significant increase in loans and advances of ₹(945.876) lakh. Net cash from investing activities was ₹959.111 lakh, driven by changes in partnership capital account of ₹904.374 lakh and interest received of ₹34.462 lakh. Cash and cash equivalents at the close of the year stood at ₹3.526 lakh, comprising cash in hand of ₹2.101 lakh and balances with banks of ₹1.425 lakh, compared to ₹6.066 lakh at the start of the year.
| Cash Flow Metric: | Year Ended 31.03.2026 (₹ in Lakhs) | Year Ended 31.03.2025 (₹ in Lakhs) |
|---|---|---|
| Net Cash from Operating Activities | (961.651) | 75.824 |
| Net Cash from Investing Activities | 959.111 | (74.617) |
| Net Cash from Financing Activities | - | - |
| Opening Cash & Cash Equivalents | 6.066 | 3.831 |
| Closing Cash & Cash Equivalents | 3.526 | 6.066 |
Corporate Developments and Trading Window
The Board also approved the re-appointment of M/s. Sanjonaa & Associates, Chartered Accountants (Firm Registration No. 157896W), as the Internal Auditor of the company for the financial year 2026-27, effective May 15, 2026. The firm, based in Andheri West, Mumbai, specialises in statutory audit, internal audit, tax audit, GST audit, and allied advisory and compliance services. The trading window for dealing in the securities of the company, which was closed from April 1, 2026, will re-open 48 hours after the declaration of the audited financial results. The Board meeting commenced at 12:30 PM and concluded at 1:30 PM on May 15, 2026.
Pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company intimated the stock exchanges regarding the publication of the audited financial results in newspapers. The advertisement was published in "Mumbai Lakshdeep" (Marathi) and "Active Times" (English) on May 15, 2026. The intimation was submitted to BSE Limited on May 18, 2026, by Mohit Khadaria, Managing Director.
Source: Company/INE160O01031/2faf8a98-a10c-4813-92c1-a0c667a3a7e6.pdf
Historical Stock Returns for Mukta Agriculture
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | +3.83% | -9.67% | -9.36% | -19.58% | -3.21% |
What is the nature and creditworthiness of the ₹948.52 lakh current loans extended by Mukta Agriculture, and what are the repayment timelines and associated risks?
Given that the company reported zero revenue from operations for both FY2026 and FY2025, what is management's strategy to generate core business revenue and reduce dependence on other income?
What prompted the significant reduction in non-current investments from ₹2,185.215 lakh to ₹1,270.530 lakh, and how will the redeployed capital be utilized going forward?




























