Mukand Limited announced its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, showcasing mixed performance across its business segments. The Board of Directors approved these results at their meeting held on February 12, 2026, along with key leadership appointments.

Financial Performance Overview

The company's standalone financial results for Q3 FY26 demonstrated steady operational performance despite challenging market conditions.

For the nine months ended December 31, 2025, revenue from operations reached ₹3,546.71 crore compared to ₹3,626.08 crore in the corresponding period last year. The profit after tax for the nine-month period stood at ₹66.93 crore versus ₹69.56 crore in the previous year.

Consolidated Results Performance

The consolidated financial results reflected the performance of Mukand Limited along with its subsidiaries and associates.

Segment-wise Business Analysis

The company operates through two primary business segments: Specialty Steel and Industrial Machinery & Engineering Contracts.

Specialty Steel Segment:

• Q3 FY26 revenue: ₹1,288.63 crore
• Nine months FY26 revenue: ₹3,526.83 crore
• Segment result for Q3 FY26: ₹58.28 crore

Industrial Machinery & Engineering Contracts:

• Q3 FY26 revenue: ₹43.35 crore
• Nine months FY26 revenue: ₹96.31 crore
• Segment result for Q3 FY26: ₹5.78 crore

Board Decisions and Leadership Changes

The Board of Directors approved significant leadership appointments during their February 12, 2026 meeting:

Both appointments are subject to shareholder approval and the directors are liable to retire by rotation.

Key Corporate Developments

Several significant corporate actions impacted the company's financial position:

• Land Sale Agreement: Mukand executed an Agreement for Sale on July 23, 2025, for land parcels of approximately 17.77 acres in Kalwe and Dighe, Thane District, for ₹673 crore consideration with ₹110 crore advance received
• Business Transfer: The company approved the sale of part of its Industrial Machinery Division to wholly-owned subsidiary Mukand Heavy Engineering Limited through a Business Transfer Agreement executed on October 18, 2025
• Demerger Impact: The NCLT approved the demerger of Stainless Steel Cold Finished Bars and Wires business from MSMPL into Mukand Limited with effect from April 01, 2024

Operational Highlights

The company's operational metrics showed mixed trends across quarters. Employee benefits expense increased to ₹54.22 crore in Q3 FY26 from ₹49.11 crore in Q3 FY25. Finance costs rose to ₹38.44 crore compared to ₹30.41 crore in the corresponding previous quarter.

The discontinuing operations segment reported a loss of ₹4.14 crore in Q3 FY26 compared to a profit of ₹8.13 crore in Q3 FY25, primarily due to the planned business transfer to the subsidiary.

Source: Exclusive content

Mukand Limited has officially notified stock exchanges about its upcoming board meeting scheduled for February 12, 2026, where directors will review and approve the company's quarterly financial performance. The meeting represents a crucial milestone in the company's financial reporting calendar as it prepares to disclose its third-quarter results for fiscal year 2026.

Board Meeting Details

The board meeting agenda focuses on comprehensive financial review and approval processes. Key aspects of the scheduled meeting include:

Trading Window Restrictions

Mukand Limited has implemented mandatory trading window closure in accordance with regulatory requirements. The company has established specific restrictions to ensure compliance with insider trading regulations during the financial results preparation period.

Regulatory Compliance Framework

The company's announcement demonstrates strict adherence to SEBI listing obligations and disclosure requirements. Mukand Limited has fulfilled its notification responsibilities under Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The trading window closure affects all designated persons as defined in the company's Code of Conduct, which has been framed pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015.

Stock Exchange Communication

Mukand Limited has formally communicated the board meeting schedule to both major Indian stock exchanges. The company maintains its listing presence on BSE Limited with scrip code 500460 and National Stock Exchange of India Limited under the symbol MUKANDLTD. Company Secretary Rajendra Sawant has signed and submitted the official notification to ensure transparent communication with market participants and regulatory authorities.