Mahesh Developers Limited Board Approves Q1FY26 Financial Results
Mahesh Developers Limited reported improved Q1FY26 financial performance with net profit of ₹1.64 lakhs compared to previous year's loss of ₹4.38 lakhs. The Board approved results on 07th January 2026, showing positive turnaround in profitability and EPS improvement to ₹0.04.
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Mahesh Developers Limited announced the approval of its unaudited financial results for the quarter ended 30th June 2025 (Q1FY26) during a Board of Directors meeting held on 07th January 2026. The meeting commenced at 12:00 noon and concluded at 5:30 PM at the company's registered office in Khar West, Mumbai.
Q1FY26 Financial Performance
The company reported a net profit after tax of ₹1.64 lakhs for Q1FY26, marking a positive turnaround from the loss of ₹4.38 lakhs recorded in the corresponding quarter of the previous year. Basic earnings per share (EPS) stood at ₹0.04 for the quarter, compared to negative ₹0.11 in Q1FY25.
| Financial Metric: | Q1FY26 | Q1FY25 | Change |
|---|---|---|---|
| Total Income: | ₹0.17 lakhs | ₹0.00 lakhs | Positive |
| Net Profit After Tax: | ₹1.64 lakhs | (₹4.38 lakhs) | Turnaround |
| Basic EPS: | ₹0.04 | (₹0.11) | Positive |
| Profit Before Tax: | ₹2.21 lakhs | (₹4.38 lakhs) | Improvement |
Revenue and Expense Analysis
For Q1FY26, the company generated total income of ₹0.17 lakhs entirely from other income, with no revenue from operations. Total expenses were negative ₹2.04 lakhs, primarily due to changes in inventories of negative ₹6.67 lakhs, which positively impacted the overall expense structure.
| Expense Category: | Q1FY26 | Q1FY25 |
|---|---|---|
| Operating Costs: | ₹1.67 lakhs | (₹27.41 lakhs) |
| Changes in Inventories: | (₹6.67 lakhs) | ₹27.41 lakhs |
| Other Expenses: | ₹2.94 lakhs | ₹4.25 lakhs |
| Finance Cost: | ₹0.01 lakhs | ₹0.01 lakhs |
Balance Sheet Position
As of 30th June 2025, the company maintained a paid-up equity share capital of ₹415.20 lakhs with a face value of ₹10 per share. The reserves and surplus stood at negative ₹18.12 lakhs, showing improvement from negative ₹26.47 lakhs in the corresponding period of the previous year.
Business Operations and Partnership
Mahesh Developers operates primarily in civil construction and real estate development as a single reportable segment. The company maintains a 72% partnership stake in M/s Shreeji Life Space, which executes residential redevelopment projects on 10th Road, Khar West, Mumbai. The work-in-progress (WIP) of the partnership firm stood at ₹778.92 lakhs as of 30th June 2025.
Regulatory Compliance
The unaudited financial results were prepared in accordance with Indian Accounting Standards (Ind AS) and reviewed by the Audit Committee before Board approval. BHAIRAVI & ASSOCIATES, Chartered Accountants, conducted the limited review of the quarterly results as per SEBI Listing Regulations. The results are available on the company's website and have been submitted to BSE Limited where the company's equity shares are listed.
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