News Earnings Mahesh Developers Limited Reports Strong Q3FY26 Performance with 378% Profit GrowthMahesh Developers Limited Reports Strong Q3FY26 Performance with 378% Profit Growth
Mahesh Developers Limited reported exceptional Q3FY26 results with net profit of ₹2.34 lakh, up 378% from ₹0.49 lakh in Q3FY25. The nine-month performance showed a complete turnaround with profit of ₹5.98 lakh versus a loss of ₹3.13 lakh in the previous year. The company operates in civil construction and real estate development with a significant 72% stake in M/s Shreeji Life Space partnership valued at ₹778.42 lakh.
*this image is generated using AI for illustrative purposes only.
Mahesh Developers Limited has announced strong financial performance for the third quarter of fiscal year 2026, with net profit rising significantly compared to the previous year. The Mumbai-based real estate developer reported these results in compliance with SEBI regulations on February 19, 2026.
Financial Performance Highlights
The company demonstrated robust growth across key financial metrics for the quarter ended December 31, 2025:
| Metric | Q3FY26 | Q3FY25 | Growth |
|---|---|---|---|
| Net Profit After Tax | ₹2.34 lakh | ₹0.49 lakh | +378% |
| Profit Before Tax | ₹3.16 lakh | ₹0.49 lakh | +545% |
| Basic EPS | ₹0.06 | ₹0.01 | +500% |
| Diluted EPS | ₹0.06 | ₹0.01 | +500% |
Nine-Month Performance Shows Turnaround
The nine-month period ending December 31, 2025, showcased an even more impressive turnaround for the company:
| Parameter | 9M FY26 | 9M FY25 | Change |
|---|---|---|---|
| Net Profit/(Loss) | ₹5.98 lakh | (₹3.13 lakh) | Turnaround |
| Total Income | ₹0.17 lakh | - | New income |
| Basic EPS | ₹0.14 | (₹0.08) | Positive swing |
Operational Structure and Business Focus
Mahesh Developers Limited operates with a single reportable segment focusing on civil construction and real estate development. The company maintains its registered office at Uma Shikhar, 13th Road Behind Khar Telephone Exchange, Khar West, Mumbai. The company holds a 72% partnership stake in M/s Shreeji Life Space, which executes residential redevelopment projects on 10th Road, Khar West, Mumbai. As of December 31, 2025, the balance in this partnership stood at ₹778.42 lakh.
Capital Structure and Reserves
The company's financial position reflects the following key elements:
| Component | Amount |
|---|---|
| Paid-up Equity Share Capital | ₹415.20 lakh |
| Face Value per Share | ₹10 |
| Reserves and Surplus | (₹13.77 lakh) |
Board Approval and Compliance
The unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors during their meeting held on February 19, 2026. The meeting commenced at 2:30 PM and concluded at 4:00 PM. The results have been prepared in accordance with Indian Accounting Standards (Ind AS) and comply with SEBI Listing Obligations and Disclosure Requirements Regulations 2015. The financial statements received a clean limited review report from Bhairavi & Associates, Chartered Accountants, confirming compliance with applicable accounting standards and regulatory requirements.
17
