Mindteck Q1 Profit Rises Despite Revenue Dip

08 Aug 2025 CW Team

Mindteck (India) Limited, a global engineering and technology solutions firm with expertise in storage, medical devices, semiconductors, and analytical instruments, has announced its unaudited financial results for the quarter ended 30 June 2025.

The company reported consolidated revenue of Rs 1.01 billion for Q1 FY26, compared to Rs 1.04 billion in the previous quarter and Rs 1.08 billion in the same quarter last year. Despite the decline in revenue, consolidated net profit after tax rose to Rs 88 million, up from Rs 68 million in the previous quarter and Rs 64 million in Q1 FY25.

On a standalone basis, revenue for the quarter stood at Rs 351.5 million, down from Rs 386.1 million in Q4 FY25 and Rs 414.4 million in the year-ago quarter. Standalone net profit for Q1 FY26 came in at Rs 46.6 million, compared to Rs 72.6 million in the previous quarter and Rs 38.6 million in the corresponding quarter of the previous year.

The Board of Directors has appointed Mr Yusuf Lanewala (DIN: 01770426) as Managing Director, effective 8 August 2025. He will also serve as Chairman and Managing Director of the company.

Commenting on the results, Mr Lanewala stated, “While revenue fell this quarter due to persistent market challenges, we have successfully improved profitability and maintained a strong liquidity position through prudent financial management. We remain focused on navigating uncertainty, seizing growth opportunities, and protecting shareholder value.”

He expressed gratitude to shareholders for their continued support and reaffirmed the company’s commitment to long-term value creation despite evolving market dynamics.

Infrastructure Transport

06 Aug 2026

Surya Roshni delivers customised lighting for NCRTC RRTS stations

Surya Roshni has supplied customised indoor lighting solutions for 18 elevated stations on the National Capital Region Transport Corporation's (NCRTC) Rapid Rail Transit System (RRTS), strengthening its presence in India's infrastructure lighting segment.The project involved the design and deployment of lighting systems for platforms, concourses, foot overbridges (FOBs) and back-of-house (BOH) areas. According to the company, the luminaires were developed specifically to meet NCRTC's design, operational and performance requirements rather than using standard products.Surya introduced two custo..

Hilton debuts Tapestry Collection brand in Vietnam

Hilton has opened NHAAN Resort & Spa Hoi An, Tapestry Collection by Hilton, marking the debut of the Tapestry Collection brand in Vietnam and expanding its lifestyle hospitality portfolio in Southeast Asia.Located along the Co Co River in Cam Thanh village, the 174-key resort provides access to Hoi An Ancient Town, Cua Dai Beach and the Cam Thanh Nipa Forest. The property has been designed by Vietnamese architect Vo Trong Nghia, incorporating biophilic architecture, locally sourced materials and riverfront landscapes.The resort offers a mix of guest rooms and suites, including family-frien..

Electrent expands lithium energy storage system portfolio

Electrent Energy has expanded its lithium-based energy storage portfolio with the launch of the ESS 850 and ESS 1050, targeting compact and maintenance-free power backup solutions for Indian homes.The new systems integrate a Home UPS and a LiFePO4 lithium battery into a single unit, extending the company's product range following the launch of its ESS 1350 and ESS 2500 models.Designed for apartments and smaller homes, the ESS 850 provides up to 1 hour 15 minutes of backup, while the ESS 1050 offers up to 1 hour 45 minutes on a typical 400 W household load. The systems can power essential appli..