Mcleod Russel India FY26 loss, FY27 revenue update

Key developments driving attention

Mcleod Russel India has lined up multiple financial disclosures that investors are tracking closely, after another loss-making year and an adverse audit opinion on its audited results. The company informed BSE that its Board of Directors will meet on 14 August 2026 to consider and approve unaudited financial results for the quarter ended 30 June 2026.

The board-calendar update comes after the company approved audited financial results for the quarter and year ended 31 March 2026 at a meeting held on 29 May 2026. Separately, the provided full-year snapshot for FY2026–2027 states revenue of ₹1,161.73 crore and profit of ₹-123.5 crore (loss).

Board meeting intimation: what is scheduled

The company’s exchange filing notes that the board meeting is scheduled to consider, among other items, the unaudited financial results for the June 2026 quarter. A separate exchange communication also references the company’s May 2026 board meeting that considered and approved audited financial results, on both standalone and consolidated bases, for the quarter and year ended 31 March 2026.

The filings referenced Regulation 33 of SEBI LODR, 2015 for submission of financial results, along with limited review reports for unaudited periods where applicable. In addition, the company stated that the audit report on the audited financial results carried a modified view, and it also approved a statement on the impact of audit qualifications.

FY26 audited picture: losses continued despite lower standalone loss

For the year ended March 31, 2026 (FY26), Mcleod Russel India reported losses on both standalone and consolidated bases. The data provided includes a standalone summary in which the company reduced its standalone net loss to ₹90.86 crore in FY26 from ₹196.36 crore in the previous year, while revenue from operations stood at ₹974.82 crore.

On the consolidated side, the full-year results cited show a net loss of ₹123.50 crore for FY26, compared with ₹197.87 crore in FY25. Consolidated sales were reported at ₹1,154.39 crore for FY26 versus ₹1,185.41 crore for FY25.

Consolidated performance: Q4FY26 versus Q4FY25

For the March 2026 quarter on a consolidated basis, the reported numbers in the supplied text show:

• Net sales: ₹130.35 crore, down 21.22% from ₹165.47 crore in March 2025.
• Net loss: ₹72.67 crore, compared with a net loss of ₹174.41 crore in March 2025.
• EBITDA: negative ₹134.82 crore, versus negative ₹123.73 crore in March 2025.

While the year-on-year quarterly sales contraction is clear from the numbers, the quarter still reflects operating stress, with EBITDA staying negative.

Standalone performance: Q4FY26 versus Q4FY25

For the March 2026 quarter on a standalone basis, the supplied numbers show:

• Net sales: ₹84.31 crore, down 34.08% from ₹127.89 crore in March 2025.
• Net loss: ₹49.19 crore, compared with a net loss of ₹169.44 crore in March 2025.
• EBITDA: negative ₹119.77 crore, versus negative ₹121.55 crore in March 2025.

The standalone quarter indicates weaker sales compared with the consolidated line, and continued negative EBITDA.

Operational trend points highlighted for Q3FY25

Apart from FY26 audited results, the provided content also includes trend markers for Q3FY25 (quarter-ended December). It states that Mcleod Russel India reported an 18.0% QoQ decrease in consolidated revenues, while showing 6.5% YoY growth. Over the same period, quarterly expenses were stated to be up 32.2% QoQ and 4.8% YoY.

The same block notes that net profit decreased 203.3% QoQ and increased 6.9% YoY, and that EPS declined at 8.3 during Q3FY25. These figures are presented as reported in the source text and indicate volatility across sequential and annual comparisons.

Audit opinion: adverse view and key qualification themes

The provided text states that the auditor’s report for both standalone and consolidated results contains an adverse opinion with multiple qualifications. It also notes the adverse opinion relates primarily to issues such as:

• doubtful recoverability of inter-corporate deposits,
• non-recognition of interest,
• pending restructuring agreements, and
• uncertainties on asset valuations.

The company also referenced an approved statement on the impact of audit qualifications alongside the audited results, as per the information included in the exchange communication.

Stock market snapshot shared in the data

The supplied market-data line states that Mcleod shares closed at 75.32 on June 02, 2026 (NSE). It also states the stock delivered 43.06% returns over the last 6 months and 129.91% over the last 12 months as of that reference.

This market performance sits alongside a period in which audited financials continued to show losses and an adverse audit opinion, making upcoming disclosures relevant for investors tracking governance and balance-sheet clarity.

Summary table: FY26 and Q4FY26 figures cited

What investors may track next

The next clear milestone in the disclosures listed is the 14 August 2026 board meeting to consider unaudited results for the quarter ended 30 June 2026. Any further details on the audit qualifications, the impact statement, and clarity on items cited under the adverse opinion will remain central to how the market interprets the numbers.

Separately, the FY2026–2027 snapshot provided indicates revenue of ₹1,161.73 crore and a loss of ₹123.5 crore, reinforcing that profitability remains a key issue to monitor through upcoming quarterly updates.

Conclusion

Mcleod Russel India’s FY26 filings show continued losses across standalone and consolidated accounts, alongside an adverse audit opinion and multiple qualification themes flagged in the auditor’s report. With the company scheduling an August 2026 board meeting to approve June-quarter unaudited results, the next update is set to provide the market with a fresh checkpoint on performance and reporting progress.