According to the latest announcement, Mohite Industries Limited has approved its unaudited financial results for Q1 FY27 on August 14, 2026. The Board of Directors met to review and adopt both standalone and consolidated financial statements for the quarter ended June 30, 2026. The meeting commenced at 3:00 p.m. and concluded at 4:10 p.m. on the same day. The company has released its financial results in compliance with regulatory requirements, prepared in accordance with applicable accounting standards. The results include a limited review report from statutory auditors SHAKIRALI S. BOJAGAR & CO, who provided their conclusion without modification, confirming that the results are presented fairly in all material respects.
According to reports from Business Standard, Mohite Industries reported a consolidated net loss of ₹2.46 crore in the quarter ended June 2026, representing a significant deterioration from the net loss of ₹1.01 crore recorded in the corresponding quarter of the previous financial year. The company's financial performance showed substantial decline across key metrics during the first quarter of FY27. The latest unaudited results confirm this trend, with the consolidated segment results showing a Profit Before Tax of (₹245.62) Lakhs and standalone Profit Before Tax of (₹118.58) Lakhs for the quarter ended June 30, 2026.
As reported by Business Standard, the company's sales declined by 29.80% to ₹17.81 crore in Q1 FY27 compared to ₹25.37 crore in the same quarter of the previous financial year. This substantial revenue contraction indicates challenging market conditions or operational difficulties faced by the company during the quarter. The latest unaudited results show this trend continuing, with the company's total assets for the consolidated entity standing at ₹25,341.52 Lakhs and total liabilities amounting to ₹12,498.95 Lakhs as of June 30, 2026.
According to the financial data reported by Business Standard, the company's operating profit margin (OPM) declined to -8.98% in Q1 FY27 from 7.77% in the corresponding quarter of the previous year. Additionally, the company reported a PBDT of -₹1.13 crore compared to a PBDT of ₹0.41 crore in Q1 FY26, indicating operational challenges beyond just revenue decline. The latest unaudited results provide segment-wise breakdown showing the company's operational performance across different business segments during the quarter.
As reported by Business Standard, the company's profit before tax (PBT) declined by 144% to ₹2.46 crore in Q1 FY27 from ₹1.01 crore in the corresponding quarter of the previous year. The net loss of ₹2.46 crore represents a significant increase from the net loss of ₹1.01 crore recorded in Q1 FY26, highlighting the company's operational challenges during the quarter. The latest unaudited results confirm this deterioration, with the company's financial position showing total assets of ₹25,341.52 Lakhs and total liabilities of ₹12,498.95 Lakhs as of the quarter end.
