MCMayank Cattle Food544106Quarterly results

Board approved unaudited standalone results for half year ended September 30, 2026, with auditor limited review

Board approved unaudited standalone results for the half year ended September 30, 2026.

By ScoutQuest · Tue 27 Oct 2026, 11:17 AM IST · 3 min read

Profit for the period (H1 FY27, standalone)

Rs. 554.61 lakh vs Rs. 252.38 lakh in the same half last year

Total Income (H1 FY27, standalone)

Rs. 20,897.32 lakh

IPO proceeds deviation

Rs. 74.17 lakh moved to working capital, with shareholder approval dated 25.09.2025

Board meeting outcome: The Board of Directors met on October 27, 2026, from 09:30 AM to 11:00 AM, and approved the unaudited standalone financial results of the company for the half year ended September 30, 2026, together with the Limited Review Report of the statutory auditors, J C Ranpura & Co.

The update also carries a statement on deviation or variation in the utilisation of the proceeds of the company's initial public offer.

Results at a glance

All figures below are from the standalone statement, in Rs. in Lakhs, and cover the half year ended September 30, 2026, compared with the half year ended September 30, 2025.

• "Revenue from Operations": Rs. 20,866.72 lakh, against Rs. 18,538.58 lakh.
• "Total Income": Rs. 20,897.32 lakh, against Rs. 18,556.54 lakh.
• "Total expenses": Rs. 20,162.51 lakh, against Rs. 18,206.55 lakh.
• "Profit before Tax": Rs. 734.81 lakh, against Rs. 349.99 lakh.
• "Profit for the period": Rs. 554.61 lakh, against Rs. 252.38 lakh.
• Basic and diluted earnings per share: 5.14, against 4.67.
• Finance costs: Rs. 131.44 lakh, against Rs. 168.87 lakh.

For the year ended March 31, 2026, the audited "Profit for the period" was Rs. 601.81 lakh on "Total Income" of Rs. 40,367.64 lakh.

Auditor's conclusion

• The review was carried out under the Standard on Review Engagements (SRE) 2410, which gives moderate assurance and is narrower in scope than a full audit.
• The auditors stated that nothing has come to their attention that causes them to believe the statement is not prepared in accordance with the applicable accounting standards, or that it contains any material misstatement. The conclusion is unmodified.
• The statement has been prepared under Accounting Standard 25 on Interim Financial Reporting.

Balance sheet and cash

• Total assets: Rs. 7,968.04 lakh as at September 30, 2026, against Rs. 8,478.88 lakh as at March 31, 2026.
• Shareholders' funds: Rs. 4,362.68 lakh, against Rs. 3,808.08 lakh.
• Long-term borrowings: Rs. 226.02 lakh; short-term borrowings: Rs. 2,660.77 lakh.
• Inventories: Rs. 3,641.96 lakh; trade receivables: Rs. 1,506.43 lakh.
• Net cash generated from operating activities: Rs. 1,460.18 lakh for the half year.
• Closing cash and cash equivalents: Rs. 7.08 lakh.

Investor complaints

• Pending at the start of the half year on April 1, 2026: Nil.
• Received during April 1, 2026 to September 30, 2026: Nil.
• Disposed during the period: Nil.
• Pending as on September 30, 2026: Nil.

The company states it operates in a single segment, manufacturing maize oil and maize cake.

IPO proceeds: deviation reported

The company raised Rs. 1,944.00 Lakhs through an Initial Public Offer between January 29, 2024 and January 31, 2024. It has reported "Yes" to a deviation or variation in the use of the funds raised, and states the same is pursuant to a change in terms of the objects approved by shareholders on 25.09.2025.

Object-wise position (Rs. in Lakhs)

• Funding capital expenditure towards purchase of additional plant and machinery: original allocation Rs. 184.33 lakh, modified allocation Rs. 135.94 lakh, utilised Rs. 135.94 lakh.
• Working capital requirement: original allocation Rs. 1,214.67 lakh, modified allocation Rs. 1,288.84 lakh, utilised Rs. 1,288.67 lakh.
• Issue related expenses: original allocation Rs. 145.00 lakh, modified allocation Rs. 119.22 lakh, utilised Rs. 119.22 lakh.
• General corporate expenses: original allocation Rs. 400.00 lakh, utilised Rs. 400.00 lakh; the company notes this amount was used in acquiring M/s. Ajay Industries.
• Total: original allocation Rs. 1,944.00 lakh, utilised Rs. 1,943.83 lakh.

The explanation given is that unutilised issue proceeds of Rs. 74.17 lakh, originally earmarked for capital expenditure and issue related expenses, were allowed by members at the Annual General Meeting held on September 25, 2025 to be used towards working capital requirements, which the company expects to help maintain adequate liquidity and improve its cash flow position. The Audit Committee's comments after review are recorded as "None".

Unutilised amount: Rs. 0.17 Lakh, kept separately in the Escrow IPO A/C.

What a retail investor may take away

• The half-year standalone profit and total income are higher than the same half of the previous year, and the auditor's limited review conclusion is unmodified.
• The company has disclosed a change in the use of part of its IPO proceeds, which was approved by shareholders; the amount involved is Rs. 74.17 lakh out of Rs. 1,944.00 Lakhs raised.

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.

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