MIMachhar Industries543934Quarterly results

Board approves Q2 and H1 results, Whole Time Director re-appointment and draft Postal Ballot Notice

Unaudited standalone and consolidated results for the quarter and six months ended 30 September 2026.

By ScoutQuest · Fri 23 Oct 2026, 3:33 PM IST · 2 min read

Profit after tax year ago

2.09 (+339%)

Period

Quarter Ended 30/09/2026 (Unaudited)

The board of Machhar Industries met on 23 October 2026 and approved the company's unaudited standalone and consolidated results for the quarter and six months ended 30 September 2026, together with the auditors' Limited Review Report.

What the board approved

• Unaudited standalone and consolidated financial results for the quarter and six months ended 30 September 2026.
• The Limited Review Report from the statutory auditors, Ashok R. Majethia & Co., Chartered Accountants, on those results.
• Re-appointment of Mr. Vvankat Katkar (DIN: 00980778) as Whole Time Director for a further term of 18 months with effect from 1 April 2026, on the recommendation of the Nomination and Remuneration Committee, subject to the approval of shareholders.
• The draft Postal Ballot Notice, which will be circulated in due course.

Auditor's conclusion

Both the standalone and consolidated review reports state that nothing has come to the auditors' attention that causes them to believe the statements are not prepared in accordance with the applicable accounting standards, or that they contain a material misstatement. No qualification or modification is recorded. A limited review is narrower in scope than a full audit and gives only moderate assurance.

Standalone numbers (figures in Rs. Lakhs)

• Quarter ended 30 September 2026: Revenue from operations 458.43, Total income 465.76, Profit before tax 33.83, Net Profit 9.19, basic EPS 1.24.
• Quarter ended 30 September 2025: Revenue from operations 355.75, Net Profit 2.13.
• Six months ended 30 September 2026: Revenue from operations 1,066.72, Total income 1,078.71, Net Profit 38.06.
• Six months ended 30 September 2025: Net Profit 13.55.
• Year ended 31 March 2026 (audited): Revenue from operations 1,555.97, Net Profit 58.52.

Consolidated view

The consolidated statement includes the results of Nirvan Nutra Private Limited, a joint venture company. Consolidated Net Profit was 9.18 for the quarter and 38.03 for the six months ended 30 September 2026; Revenue from operations was 458.43 and 1,066.72 respectively.

Segment picture in the quarter

The segment note splits revenue across three businesses. Segment revenue from operations was 98.21 for the Explosives Division, 164.56 for the Transportation Division and 195.64 for the Agarbatti Division, totalling 458.43. Segment results (profit before interest, exceptional items and tax) were 1.88, 22.15 and 6.28 respectively.

A few balance-sheet and cash points

• Tax expense for the quarter was 24.64 on a profit before tax of 33.83, and included deferred tax of 16.48.
• Net cash from operating activities for the six months was 120.52.
• Total equity stood at 955.56 as at 30 September 2026, compared with 971.79 as at 31 March 2026.
• The notes state that no complaint was received, resolved or pending during the quarter.

What happens next

The Whole Time Director re-appointment requires shareholder approval. The board has approved the draft Postal Ballot Notice, which is the route proposed for seeking that approval; it will be circulated in due course.

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