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

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..