Mayur Uniquoters Limited, a synthetic leather manufacturer, reported mixed Q1 FY2026 results. Standalone figures showed improvement with revenue at 214.18 and net profit at 41.23. However, consolidated results declined with revenue at 215.88 and net profit at 40.73. The company scheduled its 32nd AGM for September 17, 2025, via video conferencing, with August 22, 2025, as the record date for final dividend eligibility. Mr. Ravi Pant resigned as Senior General Manager - HR and Administration, effective August 8, 2025.
09May 25
Mayur Uniquoters Stock Surges 12% on Strong Q4 Results and Dividend Announcement
Mayur Uniquoters Ltd (MUL) shares jumped over 12% in morning trading following the release of its fourth-quarter results and dividend declaration after market hours on Thursday. The significant stock price increase suggests positive Q4 performance and investor approval of the dividend announcement. Mayur Uniquoters, known for its synthetic leather products, saw heightened investor interest due to these developments.
Mayur Uniquoters, a leading synthetic leather manufacturer, reported Q4 FY2024 results with a slight revenue decrease to ₹2.14 billion, but net profit increased to ₹350.20 million. EBITDA rose to ₹447.40 million with an improved margin of 20.89%. The company recommended a final dividend of ₹5 per equity share. For FY2024, annual revenue grew 5.22% to ₹834.80 crore, with net profit up 17.56% to ₹122.50 crore. EPS improved to ₹27.86 from ₹23.69 in FY2023.