Mohit Industries Reports Q1 FY2026 Results: Net Loss Widens Amid Revenue Growth
Mohit Industries Limited, a textile segment operator, submitted a revised Q1 FY2026 financial report. Standalone net loss increased to Rs 43.22 lacs from Rs 40.32 lacs in Q1 FY2025, while revenue surged to Rs 3,224.49 lacs from Rs 2,117.56 lacs. Consolidated net loss stood at Rs 42.83 lacs. The auditor noted a qualification regarding post-employment benefits accounting. Management defended their approach, citing negligible impact on financials.
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Mohit Industries Limited, a textile segment operator, has submitted a revised Limited Review Report for its Q1 FY2026 financial results, following a format-related request from BSE Limited. The company's performance shows a mixed picture with increased revenue but widened losses.
Financial Highlights
Standalone Performance
- Net loss increased to Rs 43.22 lacs, compared to Rs 40.32 lacs in Q1 FY2025
- Revenue from operations surged to Rs 3,224.49 lacs, up from Rs 2,117.56 lacs year-over-year
Consolidated Performance
- Net loss stood at Rs 42.83 lacs, versus Rs 40.89 lacs in the previous year's quarter
Key Financial Data
| Particulars (Standalone) | Q1 FY2026 (Rs in lacs) | Q1 FY2025 (Rs in lacs) |
|---|---|---|
| Revenue from Operations | 3,224.49 | 2,117.56 |
| Other Income | 50.00 | 11.08 |
| Total Income | 3,274.49 | 2,128.63 |
| Net Loss | 43.22 | 40.32 |
Auditor's Qualification
The company's auditor, Rajendra Sharma & Associates, noted a qualification regarding the accounting treatment of post-employment benefits. The report states that Mohit Industries has not provided for these benefits on an accrual basis as required by Ind AS-19 on Employee Benefits. Instead, the company accounts for these benefits when they become due for payment.
Management's Response
The board of Mohit Industries defended its approach, stating that the provision for post-employment benefits is determined based on actuarial valuation methods prescribed in Ind-AS. They have decided to pay these benefits as and when they become due, considering the amount to be negligible and unlikely to significantly impact the company's financial position.
Associate Companies
Mohit Industries has two associate companies:
- Mohit Overseas Limited (49.25% stake)
- Mohit Yams Limited (49.48% stake)
Additional Notes
- The company operates primarily in the textile segment.
- The revised report was submitted following a format-related request from BSE Limited on September 17, 2025.
- All other financial data remains unchanged from the previously submitted results dated August 12, 2025.
Mohit Industries Limited continues to face challenges in profitability despite revenue growth. The company's management will need to address the widening losses while maintaining its growth trajectory in the coming quarters.
Historical Stock Returns for Mohit Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.92% | -7.80% | -3.35% | +15.39% | +15.43% | +883.53% |
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