Mayur Uniquoters September Profit Rises 42% to Rs 57.99 Crore

Mayur Uniquoters Limited reported consolidated net profit of Rs 57.99 crore for the quarter ended 30 September 2026, up 42% from Rs 40.84 crore a year earlier, as revenue from operations increased 18% to Rs 282.95 crore. The result covers the group’s PU/PVC synthetic leather operations and wholly owned subsidiaries.

How did Mayur Uniquoters perform in the September quarter?

Mayur Uniquoters increased consolidated revenue from operations to Rs 282.95 crore in the quarter ended 30 September 2026, from Rs 240.31 crore in the corresponding quarter of 2025 and Rs 269.23 crore in the preceding June 2026 quarter. Total income reached Rs 292.06 crore, compared with Rs 253.15 crore a year earlier.

Net profit rose faster than revenue, reaching Rs 57.99 crore from Rs 40.84 crore in the September 2025 quarter. Profit before tax was Rs 79.31 crore and total tax expense was Rs 21.32 crore in the latest quarter. Earnings per share, or EPS, were Rs 13.35, compared with Rs 9.40 a year earlier; quarterly EPS is not annualised.

The Board of Directors approved the unaudited consolidated results on 4 November 2026 after review by the Audit Committee. Walker Chandiok & Co LLP issued an unmodified limited-review conclusion, stating that nothing had come to its attention to indicate a material misstatement or non-compliance with the required disclosures.

What changed in Mayur Uniquoters’ costs and first-half earnings?

Mayur Uniquoters reported total expenses of Rs 214.75 crore for the September 2026 quarter, up from Rs 197.54 crore a year earlier. Cost of materials consumed increased to Rs 142.71 crore from Rs 129.28 crore, while other expenses rose to Rs 46.09 crore from Rs 38.48 crore. Employee-benefit expense declined to Rs 11.92 crore from Rs 12.32 crore.

For the year-to-date period ended 30 September 2026, revenue from operations was Rs 552.18 crore, compared with Rs 456.19 crore in the corresponding six months of 2025. Net profit for the six-month period increased to Rs 114.11 crore from Rs 81.57 crore, and EPS rose to Rs 26.26 from Rs 18.77.

Finance costs for the first half declined to Rs 0.50 crore from Rs 0.66 crore in the prior-year period. Total expenses for the six months increased to Rs 430.82 crore from Rs 370.03 crore, while total income rose to Rs 584.25 crore from Rs 488.59 crore. The filing identifies PU/PVC synthetic leather as the group’s single reportable segment under Indian Accounting Standard 108.

What did Mayur Uniquoters’ subsidiaries contribute?

Mayur Uniquoters’ cited subsidiaries recorded total quarterly revenue of Rs 86.56 crore and net profit after tax of Rs 1.80 crore for the quarter ended 30 September 2026, according to the auditor’s review report. For the six months ended 30 September 2026, the same entities reported revenue of Rs 179.14 crore and net profit after tax of Rs 2.37 crore.

Those subsidiaries had total assets of Rs 236.93 crore at 30 September 2026 and reported net cash inflows of Rs 15.60 crore for the six-month period. Their quarterly total comprehensive income was Rs 2.72 crore, while their year-to-date total comprehensive income was Rs 4.62 crore.

The consolidated group includes Mayur Uniquoters Corp. Group, which includes Mayur Uniquoters Corp., Futura Textiles Inc. and UAB Futura Textiles Europe. It also includes Mayur Uniquoters SA (PTY) Limited and Mayur TecFab Private Limited. Walker Chandiok & Co LLP relied on review reports from other auditors for the cited subsidiaries’ interim financial information.

How did Mayur Uniquoters’ financial position and cash flow change?

Mayur Uniquoters’ consolidated total assets stood at Rs 1,344.97 crore on 30 September 2026, compared with Rs 1,261.95 crore on 31 March 2026. Total equity increased to Rs 1,223.05 crore from Rs 1,132.50 crore, while total liabilities fell to Rs 121.92 crore from Rs 129.45 crore.

Non-current investments rose to Rs 182.88 crore from Rs 108.07 crore over the six months, while current investments decreased to Rs 157.90 crore from Rs 176.87 crore. Trade receivables rose to Rs 216.42 crore from Rs 209.38 crore, whereas inventories declined to Rs 159.32 crore from Rs 245.93 crore. Current borrowings decreased to Rs 0.98 crore from Rs 5.87 crore.

Net cash inflow from operating activities was Rs 98.01 crore for the six months ended 30 September 2026, compared with Rs 83.50 crore in the prior-year period. Investing activities used Rs 56.48 crore, against an outflow of Rs 25.24 crore a year earlier, while financing activities used Rs 31.13 crore. Cash and cash equivalents ended the half year at Rs 89.97 crore, compared with Rs 119.11 crore a year earlier.

What is Mayur Uniquoters’ disclosed solar-power investment plan?

Mayur Uniquoters has proposed an investment of up to Rs 1.91 crore to acquire 26% of Bhadla Minigrid Solar 6 Private Limited. The company disclosed that the cash investment is intended to optimise power costs and meet its green-energy needs through a special purpose vehicle for solar-power generation and supply.

Bhadla Minigrid Solar 6 Private Limited was incorporated on 25 August 2026 and had no turnover reported for the three financial years through 2025-26. Mayur Uniquoters said the proposed transaction was not a related-party transaction and that completion was expected in about three months. No governmental or regulatory approval was disclosed as required for the acquisition.

Conclusion

Mayur Uniquoters’ September-quarter filing shows consolidated profit increasing faster than operating revenue, with net profit of Rs 57.99 crore on revenue of Rs 282.95 crore. The first-half result also showed revenue rising to Rs 552.18 crore, net profit reaching Rs 114.11 crore, operating cash inflow increasing to Rs 98.01 crore and inventories declining from the 31 March 2026 balance.

The next disclosed development to watch is the proposed acquisition of a 26% stake in Bhadla Minigrid Solar 6 Private Limited, which Mayur Uniquoters expects to complete in about three months. The company has said the solar-power vehicle is intended to optimise power costs and meet green-energy needs, while its financial contribution has not been disclosed.