Latest news about Mohit Industries
Mohit Industries
24.28
+0.20(+0.83%)
Company Performance:
View Company Insights1D+0.83%
1M+7.53%
6M-3.23%
1Y-18.08%
5Y+91.18%
More news about Mohit Industries
16Feb 26
Mohit Industries Q3FY26 Results: Loss Widens Despite Revenue Growth
Mohit Industries Limited announced mixed Q3FY26 results with revenue growth offset by widening losses. The company reported revenue of ₹3628.86 lacs (up 5.08% QoQ) but net loss increased to ₹29.58 lacs from ₹15.09 lacs in Q2FY26. For nine months, revenue grew 34.79% YoY to ₹10306.95 lacs while losses improved significantly from ₹200.41 lacs to ₹67.89 lacs. The company implemented cost-optimization measures and benefited from BIS guideline changes enabling competitive raw material imports.
05Feb 26
Mohit Industries Revises Rights Issue Size to Rs. 15 Crores from Rs. 25 Crores
Mohit Industries Limited has revised its proposed rights issue size from Rs. 25 crores to Rs. 15 crores through a Rights Issue Committee meeting held on February 4, 2026. The rights issue will offer equity shares to eligible existing shareholders, with all other terms and conditions remaining unchanged from the original Board approval dated November 14, 2025.
14Nov 25
Mohit Industries Reports Loss, Announces Rs 25 Crore Rights Issue
Mohit Industries Limited reported a net loss of Rs 15.09 lakhs for Q2 FY2026, compared to a loss of Rs 102.39 lakhs in Q2 FY2025. Revenue from operations increased to Rs 3453.60 lakhs. The company's board approved a rights issue to raise up to Rs 25 crores and formed a Rights Issue Committee. Management cited increased costs and market conditions for the continued profitability challenges. The company is implementing cost-reduction initiatives, including increased solar power usage, and anticipates improvements due to recent changes in BIS guidelines for raw material imports.
22Sept 25
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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