Board approves Q2 FY27 results and Rs. 191.40 lakh subscription in associate
Investment of up to Rs. 191.40 lakhs, in one or more tranches, by subscribing to the 26% equity share of Bhadla Mini Grid Solar 6 Pvt. Ltd, an associate company.
By ScoutQuest · · 2 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 28,294.76 | 24,031.00 | +17.7% | 26,923.36 | +5.1% |
| Total income | 29,206.02 | 25,315.01 | +15.4% | 29,219.20 | 0% |
| Profit before tax | 7,931.43 | 5,561.01 | +42.6% | 7,411.79 | +7% |
| Profit after tax | 5,799.24 | 4,084.38 | +42% | 5,611.93 | +3.3% |
| Total comprehensive income | 5,879.41 | 4,275.48 | +37.5% | 5,782.51 | +1.7% |
| Basic EPS | 13.35 | 9.40 | +42% | 12.92 | +3.3% |
- Profit after tax YoY growth
- +42%
- Period
- 30 September 2026 (Unaudited)
Also decided at the meeting
- Approved investment up to Rs. 191.40 lakhs in one or more tranches to subscribe to 26% equity of Bhadla Mini Grid Solar 6 Pvt. Ltd, an associate company.
Auditor's review
Conclusion: Unmodified
- Other matter: subsidiaries with total assets of ₹ 23,693.18 lakhs and quarter revenues of ₹ 8,655.83 lakhs were reviewed by other auditors; conclusion not modified in this respect.
Notes to the results
- The Company operates in a single reportable segment "PU/PVC synthetic leather" in terms of Ind AS-108.
Quarterly results and a fresh investment in a solar associate were the two main items taken up at the board meeting held on 4 November 2026.
What the board approved
- An investment of up to Rs. 191.40 lakhs, in one or more tranches, by subscribing to the 26% equity share of Bhadla Mini Grid Solar 6 Pvt. Ltd, described in the update as an associate company.
- The un-audited standalone and consolidated financial results for the quarter and half year ended 30 September 2026, along with the statement of assets and liabilities and the cash flow statement.
- The trading window for directors, promoters and designated persons opens 48 hours after the results were declared.
How the standalone numbers look
For the quarter, the company reported Revenue from operations of Rs. 25,299.41 lakhs, with Total income of Rs. 26,186.51 lakhs. Profit before tax was Rs. 7,046.40 lakhs and Net profit for the period was Rs. 5,127.39 lakhs. Basic earnings per share was Rs. 11.80 for the quarter.
On the balance sheet, Total assets stood at Rs. 134,257.43 lakhs as at 30 September 2026.
What the auditor said
Walker Chandiok & Co. LLP, the statutory auditors, carried out a limited review of the standalone and consolidated results. Their conclusion states that nothing came to their attention that causes them to believe the statements fail to disclose the information required or contain a material misstatement. For the consolidated results, the review notes that certain subsidiaries were reviewed by other auditors, and that the conclusion is not modified in respect of those matters.
What it means for a retail reader
- The results are un-audited but reviewed by the statutory auditor, which is the usual practice for quarterly updates.
- The investment is into an associate company and is being made in one or more tranches, so how it plays out would depend on that solar project's progress.
- A limited review is narrower in scope than a full audit, so it gives comfort on the numbers rather than an audit opinion.
Also from Mayur Uniquoters
Two Senior Management Personnel resign; both relieved w.e.f. November 06, 2026
6 Nov 2026
Mayur Uniquoters posts audio recording of Nov 5, 2026 earnings conference call on Q2 FY2027 results
5 Nov 2026
Mayur Uniquoters to invest up to Rs. 191.40 lakhs for 26% equity of Bhadla Mini Grid Solar 6
4 Nov 2026
More numbers
- Investment in Bhadla Mini Grid Solar 6 Pvt. LtdRs. 191.40 lakhs
- Equity share subscribed in associate26%
- Revenue from operations, standalone quarter25,299.41 lakhs
- Total income, standalone quarter26,186.51 lakhs
- Profit before tax, standalone quarter7,046.40 lakhs
- Net profit for the period, standalone quarter5,127.39 lakhs
- Basic EPS, standalone quarter11.80
- Total assets as at 30 September 2026134,257.43 lakhs
- Total income, latest quarter29,206.02 (Rs.in lakhs)
- Total income, year-ago quarter25,315.01 (Rs.in lakhs)
- Total income, previous quarter29,219.20 (Rs.in lakhs)
- Total comprehensive income, latest quarter5,879.41 (Rs.in lakhs)
- Total comprehensive income, year-ago quarter4,275.48 (Rs.in lakhs)
- Total comprehensive income, previous quarter5,782.51 (Rs.in lakhs)
- Profit after tax, latest quarter5,799.24 (Rs.in lakhs)
- Profit after tax, year-ago quarter4,084.38 (Rs.in lakhs)
- Profit after tax, previous quarter5,611.93 (Rs.in lakhs)
- Revenue from operations, latest quarter28,294.76 (Rs.in lakhs)
- Revenue from operations, year-ago quarter24,031.00 (Rs.in lakhs)
- Revenue from operations, previous quarter26,923.36 (Rs.in lakhs)
- Profit before tax, latest quarter7,931.43 (Rs.in lakhs)
- Profit before tax, year-ago quarter5,561.01 (Rs.in lakhs)
- Profit before tax, previous quarter7,411.79 (Rs.in lakhs)
- investment_in_bhadla_mini_grid_solar_6Rs. 191.40 lakhs
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