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.

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