MKP Mobility Limited announced its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The auto components manufacturer demonstrated strong operational performance with significant revenue growth and substantial profit improvements for the nine-month period.

Quarterly Financial Performance

The company's Q3FY26 standalone results showed steady revenue growth with some moderation in profitability compared to the previous quarter.

The company's revenue from operations increased by 15.85% year-on-year to ₹966.67 lakhs in Q3FY26 from ₹834.43 lakhs in Q3FY25. However, net profit declined to ₹21.88 lakhs from ₹27.67 lakhs in the corresponding quarter of the previous year.

Nine-Month Performance Shows Exceptional Growth

The nine-month results revealed remarkable improvement in profitability, demonstrating the company's strong operational momentum.

For the nine months ended December 31, 2025, revenue from operations grew by 13.82% to ₹2,622.21 lakhs compared to ₹2,303.82 lakhs in the previous year. The most striking improvement was in net profit, which surged by 485% to ₹195.73 lakhs from ₹33.46 lakhs in the corresponding period last year.

Operational Efficiency and Cost Management

The company's expense management showed mixed results during the quarter. Total expenses for Q3FY26 increased to ₹970.99 lakhs from ₹825.51 lakhs in Q3FY25, primarily driven by higher purchases of stock-in-trade which rose to ₹957.42 lakhs from ₹738.67 lakhs year-on-year.

Employee benefits expense increased to ₹26.88 lakhs in Q3FY26 from ₹23.63 lakhs in Q3FY25. Finance costs also rose to ₹2.68 lakhs from ₹1.20 lakhs in the corresponding quarter. The company benefited from favorable inventory changes, with a positive impact of ₹57.07 lakhs compared to an adverse impact of ₹28.32 lakhs in Q3FY25.

Consolidated Results and Associate Performance

The consolidated results included the performance of associate company MKP Kataria Recycling Private Limited. The associate contributed a profit of ₹10.40 lakhs in Q3FY26, a significant improvement from a loss of ₹53.85 lakhs in Q3FY25.

Consolidated net profit for Q3FY26 stood at ₹32.28 lakhs compared to a loss of ₹31.23 lakhs in the corresponding quarter last year. For the nine-month period, consolidated net profit reached ₹137.10 lakhs against a loss of ₹40.46 lakhs in the previous year.

Business Segment and Operations

MKP Mobility Limited operates in a single primary business segment focused on auto components for the two-wheeler and three-wheeler industry. The company is headquartered in Pune, Maharashtra, and was formerly known as Chitradurga Spintex Limited. The Board of Directors approved these results in their meeting held on February 12, 2026, with the audit committee review and statutory auditor's limited review completed.

MKP Mobility Limited, a company listed on the Bombay Stock Exchange (BSE: 521244), has made a significant change to its business focus by altering its Memorandum of Association (MOA). The company has completely removed textile-related business activities from its object clause, signaling a shift in its strategic direction.

Key Changes in the Memorandum of Association

The alteration, approved by shareholders and regulatory authorities, involves the following modifications:

1. Deletion of Sub-Clause 1 of Clause 3(a) in the MOA
2. Renumbering of the remaining sub-clauses

The deleted sub-clause previously outlined the company's ability to engage in various textile-related activities, including spinning, yarn manufacturing, weaving, and processing of cotton, wool, silk, and artificial fibers.

Timeline of Events

Rationale for the Change

MKP Mobility Limited stated that it is no longer engaged in textile business activities and does not intend to pursue them in the future. This move appears to be part of a strategy to streamline the company's focus on its current business operations.

Regulatory Compliance

The company has complied with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, by promptly informing the BSE about this material change in its business objectives.

Impact on Investors

While the immediate impact on the company's operations may be limited, this change in the MOA provides clarity to investors about MKP Mobility's future business direction. It suggests that the company is concentrating its resources and efforts on its core mobility-related activities, moving away from the textile sector entirely.

Investors and market participants may want to reassess their understanding of the company's business model and growth prospects in light of this development.