According to the latest unaudited financial results approved by the Board of Directors on July 23, 2026, Mihika Industries maintained its standalone net profit at ₹0.01 crore for Q1 FY2027, showing no change compared to the same period in the previous year. The company's revenue from operations declined significantly to ₹45.27 lakh in Q1 FY2027 from ₹166.11 lakh in Q1 FY2026, representing a 72.7% year-on-year decline. The net profit of ₹1.06 lakh for the current quarter was lower than the ₹1.42 lakh recorded in Q1 FY2026, though it remained stable compared to the preceding quarter's ₹1.43 lakh.
The company experienced a dramatic 72.7% decline in sales revenue, with revenue from operations falling to ₹45.27 lakh in Q1 FY2027 compared to ₹166.11 lakh in the same quarter of the previous financial year. This substantial revenue contraction was primarily driven by the complete halt in stock-in-trade purchases, which stood at nil for the current quarter compared to ₹380.08 lakh in Q1 FY2026. Other income also saw a marginal decline to ₹14.24 lakh from ₹15.40 lakh in the preceding year, while total expenses were contained at ₹58.08 lakh, down significantly from ₹179.59 lakh in the previous year.
Despite the revenue decline, the company demonstrated effective cost management with total expenses reduced to ₹58.08 lakh in Q1 FY2027 from ₹179.59 lakh in the corresponding quarter of the previous year. This significant cost reduction was largely attributed to the absence of stock purchases and changes in inventory valuation adjustments that previously impacted costs. The company's operating profit margin (OPM) improved to -28.89% in Q1 FY2026 from -7.83% in the corresponding quarter of the previous year, though this improvement was not sufficient to offset the significant revenue decline and maintain overall profitability levels.
The company's PBDT (Profit Before Depreciation and Tax) and PBT (Profit Before Tax) both declined by 50% to ₹1.43 lakh in Q1 FY2027 compared to ₹1.91 lakh in the same quarter of the previous year. However, the company managed to maintain profitability with a net profit of ₹1.06 lakh despite negligible operational volume. The current tax expense was ₹0.37 lakh compared to ₹0.50 lakh in Q1 FY2026, while basic earnings per share remained flat at ₹0.01 for the quarter, unchanged from both the preceding quarter and the same period last year.
