Mystic Electronics Limited returned to profitability in the first quarter of FY26, reporting a standalone net profit of ₹77.37 lakh for the period ended June 30, 2026. This marks a significant turnaround from the net loss of ₹80.74 lakh recorded in the corresponding quarter of FY25. The Board of Directors approved the unaudited financial results during its meeting held on July 29, 2026, in Mumbai. The results were reviewed by the Audit Committee and subjected to a limited review by the Statutory Auditors, Ashok Shetty & Co.

The financial performance was driven entirely by other income, as revenue from operations remained nil for the quarter. Total income stood at ₹16.14 lakh, primarily composed of other income amounting to ₹16.14 lakh. Total expenses were contained at ₹5.80 lakh, comprising employee benefit expenses of ₹3.69 lakh and other expenses of ₹2.11 lakh. The profit before tax and exceptional items was ₹10.34 lakh. After accounting for current tax expenses of ₹2.60 lakh, the net profit after tax reached ₹77.37 lakh. Earnings per share (basic and diluted) were ₹0.039, compared to a loss per share of ₹0.041 in Q1FY25.

In addition to the financial results, the Board approved the reconstitution of the Board Committees. The revised composition became effective from the close of business hours on July 30, 2026. Himanshu Agarwal chairs the Audit Committee and Stakeholders Relationship Committee, while Nirali Thingalaya chairs the Nomination and Compensation Committee. Krishan Khadaria serves as a member across all three committees. The trading window for dealing in securities of the Company, which had been closed since July 1, 2026, reopened on July 31, 2026, following the expiry of 48 hours from the declaration of the results.

What the Numbers Show

The shift from a net loss to a net profit in Q1FY26 is notable given that revenue from operations remained nil, consistent with the previous year’s quarter. The profitability was largely supported by other income of ₹16.14 lakh, which exceeded total expenses of ₹5.80 lakh. In contrast, Q1FY25 saw no other income and higher total expenses of ₹8.09 lakh, leading to a loss. The tax expense in Q1FY26 was ₹2.60 lakh, whereas Q1FY25 showed a tax credit adjustment of ₹0.01 lakh. This indicates that the current quarter’s profitability is driven by non-operating income rather than core business revenue, highlighting a dependency on other income sources for bottom-line positivity in the absence of operational revenue.

Mystic Electronics Limited held its Board of Directors meeting on Thursday, May 14, 2026, and approved the audited financial results for the quarter and financial year ended March 31, 2026. The meeting, conducted pursuant to Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, commenced at 12:00 PM and concluded at 01:55 PM. The intimation was filed with the Department of Corporate Services, BSE Limited, and signed by Managing Director Mohit Khadaria (DIN: 05142395).

Key Outcomes of the Board Meeting

In addition to approving the audited financial results, 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 Financial Year 2026-27. The re-appointment was made pursuant to Section 138 of the Companies Act, 2013 and applicable SEBI (LODR) Regulations, based on the recommendation of the Audit Committee. The firm, based in Andheri West, Mumbai, has expertise in statutory audit, internal audit, tax audit, GST audit, and allied advisory and compliance services.

Further, the trading window for dealing in the securities of the company, which had been closed with effect from April 1, 2026, was declared to re-open after 48 hours of the declaration of the audited financial results. The statutory audit was conducted by M/s. Ashok Shetty & Co., Chartered Accountants (FRN: 117134W), who expressed an unmodified opinion on the financial results. A declaration to this effect was submitted by Chief Financial Officer Nitin Pawaskar pursuant to Regulation 33(3)(d) of SEBI (LODR) Regulations, 2015.

Financial Performance: Quarter and Year Ended March 31, 2026

The company reported no revenue from operations for both the quarter and full year under review. Total income was entirely derived from other income. The following table presents the key financial metrics (all figures in ₹ Lakhs, except EPS):

The paid-up equity share capital remained unchanged at ₹1,976.625 lakhs (face value ₹10 per share). Other equity stood at ₹913.316 lakhs as at March 31, 2026, compared to ₹885.453 lakhs as at March 31, 2025. The company operates within a single operating segment, and accordingly, the disclosure requirements of IND AS 108 are not applicable.

Statement of Assets and Liabilities

The following table summarises the company's balance sheet position as at March 31, 2026, compared to the previous year (all figures in ₹ Lakhs):

Cash Flow Summary

The company's cash flow statement for the year ended March 31, 2026 reflects a net cash outflow from operating activities of ₹928.626 lakhs, compared to a net inflow of ₹98.308 lakhs in the previous year. This was primarily driven by an increase in loans and advances of ₹943.044 lakhs. Net cash from investing activities stood at ₹819.959 lakhs, supported by changes in partnership capital account of ₹777.272 lakhs and interest received of ₹22.413 lakhs. The net decrease in cash and cash equivalents for the year was ₹108.667 lakhs, with closing cash and cash equivalents at ₹2.590 lakhs compared to an opening balance of ₹111.256 lakhs.

The audited financial results, along with the auditors' report and the statement of assets and liabilities, are available on the company's website at www.mystic-electronics.com and on the BSE website at www.bseindia.com .