MIMahaveer Infoway539383Quarterly results

Board approves unaudited standalone results for quarter and half year ended 30.09.2026; review conclusion clean

Mahaveer Infoway's board met on 3 November 2026 and approved the unaudited standalone results for the quarter and half year ended 30.09.2026, along with the Limited Review Report from Kalyana & Co.

By ScoutQuest · Tue 3 Nov 2026, 6:15 PM IST · 2 min read

Revenue from Operations (Quarter)

Rs. 0.00 lakh versus Rs. 67.25 lakh a year earlier

Total Revenue (Quarter)

Rs. 12.00 lakh, entirely other income

Loss for the Period

Rs. 7.21 lakh for the quarter; Rs. 20.08 lakh for the half year; EPS Rs. (0.13)

What the board approved

• The board met on Tuesday, 3 November 2026 and approved the unaudited financial results of the company for the quarter and half year ended 30.09.2026, prepared on a standalone basis.
• It also approved the Limited Review Report for the quarter ended 30.09.2026.

Auditor's review conclusion

• The Limited Review Report is issued by Kalyana & Co., Chartered Accountants.
• The conclusion states that nothing came to the auditor's attention that causes them to believe the statement has not disclosed the information required, or that it contains any material misstatement.
• A review gives moderate assurance and is not an audit, so no audit opinion is expressed.
• The reconciliation of net profit under the previous GAAP with Ind AS shows no difference for the period.

What the standalone numbers show

• 'Revenue from Operations' for the quarter ended 30.09.2026 was Rs. 0.00 lakh, against Rs. 67.25 lakh in the quarter ended 30.09.2025.
• 'Total Revenue' for the quarter was Rs. 12.00 lakh, which came from other income rather than from operations.
• 'Total Expenses' for the half year were Rs. 39.48 lakh.
• 'Profit/(Loss) for the period' was a loss of Rs. 7.21 lakh for the quarter and Rs. 20.08 lakh for the half year.
• Basic and diluted 'Earnings Per Equity Share' for the quarter were Rs. (0.13), on shares of face value INR 10/- each.
• Paid up equity share capital was Rs. 550.90 lakh.

How a reader can think about it

• The loss is essentially the gap between the small other income booked in the quarter and the costs the company continued to incur, since no operating revenue was recorded in the quarter.
• The tax lines were nil, so the loss before tax carried straight into the loss for the period.
• The segment note classifies the business under IT & Consultancy, with the rest shown as unallocated; the unallocated line is where the other income sits.
• Because the results are standalone, they reflect the company on its own and not any subsidiaries or group entities.

What to take away

• This update is a routine quarterly disclosure of performance, not a corporate action. The key things to track are whether operating revenue revives in coming quarters and how the cost base behaves while it is nil.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

About ScoutQuest · Logos provided by Logo.dev