Mihika Industries Reports 93% Drop in Q3FY26 Net Profit to ₹1.42 Lakhs
Mihika Industries Limited announced challenging Q3FY26 results with net profit falling 93% to ₹1.42 lakhs from ₹21.15 lakhs in Q3FY25, while revenue from operations declined 59.5% to ₹22.14 lakhs. The Board of Directors approved these unaudited financial results on February 13, 2026, following limited review by statutory auditors S K Bhavsar & Co.
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Mihika Industries Limited has reported a challenging third quarter for FY26, with significant declines across key financial metrics. The company, engaged in trading of agriculture products, announced its unaudited financial results for the quarter and nine months ended December 31, 2025.
Board Meeting and Regulatory Compliance
The Board of Directors of Mihika Industries Limited convened on February 13, 2026, at the company's corporate office in Ahmedabad, Gujarat. The meeting commenced at 4:00 PM and concluded at 7:10 PM, where directors considered and approved the unaudited financial results for Q3FY26 and nine months ended December 31, 2025.
| Meeting Details: | Information |
|---|---|
| Date: | February 13, 2026 |
| Venue: | B-1810, Navratna Corporate Park, Ahmedabad |
| Duration: | 4:00 PM to 7:10 PM |
| Approval: | Q3FY26 Unaudited Financial Results |
Quarterly Performance Analysis
The company's Q3FY26 performance showed substantial deterioration compared to the previous year. Net profit for the quarter dropped dramatically by 93% to ₹1.42 lakhs from ₹21.15 lakhs in Q3FY25. This decline was primarily driven by reduced operational revenue and compressed margins.
| Financial Metric: | Q3FY26 | Q3FY25 | Change (%) |
|---|---|---|---|
| Revenue from Operations: | ₹22.14 lakhs | ₹54.70 lakhs | -59.5% |
| Other Income: | ₹13.81 lakhs | ₹27.35 lakhs | -49.5% |
| Total Revenue: | ₹35.95 lakhs | ₹82.06 lakhs | -56.2% |
| Net Profit: | ₹1.42 lakhs | ₹21.15 lakhs | -93.3% |
Nine-Month Performance Review
The nine-month period ended December 31, 2025, reflected similar challenges with net profit declining 91% to ₹7.17 lakhs compared to ₹78.55 lakhs in the corresponding period of FY25. Revenue from operations for the nine-month period stood at ₹222.95 lakhs, representing a 68% decrease from ₹696.48 lakhs in the previous year.
| Parameter: | 9M FY26 | 9M FY25 | Variance |
|---|---|---|---|
| Revenue from Operations: | ₹222.95 lakhs | ₹696.48 lakhs | -68.0% |
| Total Expenses: | ₹257.24 lakhs | ₹670.19 lakhs | -61.6% |
| Profit Before Tax: | ₹9.69 lakhs | ₹106.15 lakhs | -90.9% |
| Tax Expenses: | ₹2.52 lakhs | ₹27.60 lakhs | -90.9% |
Operational Expenses and Cost Structure
The company's expense management showed some positive aspects during the quarter. Total expenses for Q3FY26 decreased to ₹34.03 lakhs from ₹53.47 lakhs in Q3FY25. Key expense components included purchases of stock-in-trade at ₹28.40 lakhs compared to ₹49.54 lakhs in the previous year, while employee benefits expenses increased to ₹3.42 lakhs from ₹2.70 lakhs.
Earnings Per Share and Audit Review
Basic and diluted earnings per share for Q3FY26 stood at ₹0.01, significantly lower than ₹0.21 in Q3FY25. The company maintained its paid-up equity share capital at ₹1,000.00 lakhs throughout the reporting periods. The financial results were subject to limited review by statutory auditors S K Bhavsar & Co., conducted in accordance with Regulation 33 of SEBI Listing Regulations, 2015. The company operates in a single business segment of trading agriculture products, with Managing Director Bipinbhai Prajapati overseeing the regulatory compliance process.
Historical Stock Returns for Mihika Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.18% | -1.48% | -15.49% | -36.78% | -44.03% | -41.46% |
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