MV Electrosystems Limited announced its unaudited financial results for the quarter and half-year ended September 30, 2026. The company reported a profit before tax of ₹27.91 crore for the quarter. Total income for the quarter stood at ₹206.06 crore. The results have been reviewed by the statutory auditors and approved by the Board of Directors.
| Particulars | Quarter Ending 30.09.2026 | Quarter Ending 30.06.2026 | Quarter Ending 30.09.2025 | Half Year Ending 30.09.2026 | Half Year Ending 30.09.2025 | Year ended March 31, 2026 |
| Revenue from operations | 189.67 | 127.71 | 124.51 | 317.38 | 258.99 | 494.28 |
| Other income | 16.39 | 0.26 | 0.54 | 16.65 | 1.20 | 3.63 |
| Total Income | 206.06 | 127.98 | 125.06 | 334.04 | 260.19 | 497.91 |
| Cost of Raw Material Consumed | 249.53 | 123.26 | 71.43 | 372.79 | 161.19 | 383.62 |
| Employee Benefit expense | -89.19 | -6.82 | -44.74 | -96.00 | -10.16 | -34.85 |
| Finance Cost | 45.50 | 43.47 | 36.24 | 88.96 | 61.25 | 137.60 |
| Depreciation and Amortisation expenses | 14.31 | 11.78 | 8.73 | 26.08 | 16.35 | 34.90 |
| Other Expenses | 46.23 | 21.55 | 26.97 | 67.78 | 46.99 | 110.96 |
| Total Expenses | 282.55 | 208.35 | 106.39 | 490.90 | 290.82 | 665.88 |
| Profit before exceptional items and tax | -76.49 | -80.38 | 18.66 | -156.86 | -30.63 | -167.97 |
| Profit/(loss) before tax | -76.49 | -80.38 | 18.66 | -156.86 | -30.63 | -167.97 |
| Income Tax expense | ||||||
| Total Tax Expense | -24.59 | -11.52 | -9.25 | -36.10 | -1.21 | -41.69 |
| Profit for the year | -51.90 | -68.86 | 27.91 | -120.76 | -29.42 | -126.29 |
| Other comprehensive income/(loss) for the year, net of tax | 0.46 | -0.51 | 0.07 | -0.05 | 0.33 | -0.90 |
| Total comprehensive income for the year | -51.56 | -69.24 | 27.96 | -120.80 | -29.17 | -126.95 |
| Basic earnings per share of par value INR 5/- each (INR per share) | -2.28 | -3.38 | 1.51 | -5.35 | -1.57 | -6.52 |
| Diluted earnings per share of par value INR 5/- each (INR per share) | -2.28 | -3.38 | 1.51 | -5.35 | -1.57 | -6.52 |
Unaudited Financial Results
MV Electrosystems Limited has submitted its unaudited financial results for the quarter and half-year ended September 30, 2026. The company’s Board of Directors, following a meeting on November 12, 2026, approved these results. The unaudited financial results for the quarter indicate a profit of ₹27.91 crore. Total income for the quarter reached ₹206.06 crore.
Half-Yearly Performance
For the half-year ended September 30, 2026, the company reported a loss before tax of ₹156.86 crore. Total income for the half-year was ₹334.04 crore. The financial statements were prepared in accordance with Indian Accounting Standards and have undergone a limited review by the statutory auditors, Sanmarks & Associates.
Emphasis of Matter
A note in the financial statements highlights the cash losses incurred by the Company during the quarter and half-year ended September 30, 2026, and the preceding quarter. Management has assessed the situation and outlined proposed steps to address these losses. Despite these challenges, the company’s operational and financial position is assessed as adequate to continue its operations on a going concern basis.
Other Disclosures
The report also includes details on the utilization of IPO funds, with ₹95.62 million utilized and ₹194.38 million unutilized. The company completed its IPO on August 6, 2026. Earnings per share (EPS) and diluted EPS for the respective periods have been calculated based on the weighted average number of equity shares outstanding. The company also reported a cash loss of ₹61.76 Million for the quarter ended September 30, 2026.
Source: BSE
