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 Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..