News Earnings Max Earth Resources Ltd Reports Strong Turnaround with ₹419.53 Lakhs Net Profit in H1 FY26Max Earth Resources Ltd Reports Strong Turnaround with ₹419.53 Lakhs Net Profit in H1 FY26
Max Earth Resources Ltd reported a strong financial turnaround in H1 FY26 with net profit of ₹419.53 lakhs versus a loss of ₹86.23 lakhs in the previous year. Total revenue surged to ₹1,635.46 lakhs from ₹1.00 lakh, driven by operational revenue of ₹1,327.38 lakhs. The company's reserves improved to ₹605.26 lakhs from negative ₹112.60 lakhs, while earnings per share turned positive at ₹45.60. The results demonstrate significant business transformation and improved financial health.
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Max Earth Resources Ltd (formerly Max Alert Systems Ltd) has delivered a remarkable financial turnaround in the first half of fiscal year 2026, reporting substantial profit growth and revenue expansion. The company submitted revised unaudited financial results for the six months ended September 30, 2025, to BSE under Regulation 33 of SEBI listing requirements.
Financial Performance Overview
The company's financial metrics demonstrate a significant transformation from the previous year:
| Metric | H1 FY26 | H1 FY25 | Change |
|---|---|---|---|
| Total Revenue | ₹1,635.46 lakhs | ₹1.00 lakh | +163,446% |
| Revenue from Operations | ₹1,327.38 lakhs | ₹0.00 lakhs | New revenue stream |
| Other Income | ₹308.08 lakhs | ₹1.00 lakh | +30,708% |
| Net Profit/(Loss) | ₹419.53 lakhs | (₹86.23 lakhs) | Turnaround |
| Earnings Per Share | ₹45.60 | (₹9.37) | Positive swing |
Revenue and Profitability Analysis
Max Earth Resources achieved total revenue of ₹1,635.46 lakhs in H1 FY26, representing an extraordinary increase from ₹1.00 lakh in the corresponding period last year. The revenue composition included operational revenue of ₹1,327.38 lakhs and other income of ₹308.08 lakhs. Total expenses for the period stood at ₹1,215.93 lakhs compared to ₹34.18 lakhs in H1 FY25.
The company's cost structure included purchases of stock-in-trade worth ₹843.74 lakhs and direct expenses of ₹346.72 lakhs. Other significant expenses comprised depreciation of ₹2.99 lakhs and other expenses totaling ₹22.34 lakhs.
Balance Sheet Strength
The company's financial position showed considerable improvement across key parameters:
| Balance Sheet Item | Sept 30, 2025 | Sept 30, 2024 | March 31, 2025 |
|---|---|---|---|
| Total Assets | ₹1,500.05 lakhs | ₹424.72 lakhs | ₹648.30 lakhs |
| Share Capital | ₹92.00 lakhs | ₹92.00 lakhs | ₹92.00 lakhs |
| Reserves & Surplus | ₹605.26 lakhs | (₹112.60 lakhs) | ₹185.74 lakhs |
| Trade Receivables | ₹940.60 lakhs | ₹226.79 lakhs | ₹386.54 lakhs |
| Cash & Cash Equivalents | ₹217.56 lakhs | ₹113.97 lakhs | ₹162.77 lakhs |
The reserves and surplus position improved significantly to ₹605.26 lakhs from a negative ₹112.60 lakhs in the previous year, reflecting the company's enhanced profitability.
Cash Flow Performance
The company generated net cash flow from operating activities of ₹113.27 lakhs in H1 FY26 compared to ₹204.94 lakhs in the previous year. Cash flow from investing activities showed an outflow of ₹68.49 lakhs, primarily due to fixed asset purchases. Financial activities contributed ₹10.00 lakhs through share capital issuance.
Corporate Governance and Compliance
The revised financial results were reviewed by statutory auditors Jain Vinay & Associates and approved by the company's Audit Committee and Board of Directors at their meeting held on November 12, 2025. The results were prepared in accordance with Indian Accounting Standards and SEBI listing regulations. Managing Director Amit Vengilat signed the compliance documents submitted to BSE on January 29, 2026.
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