Mehai Technology FY26 Results: Revenue up 4.9%

Key takeaway for investors

Mehai Technology Limited has reported audited financial results for the quarter and year ended March 31, 2026, with modest full-year growth and a strong sequential pickup in the March quarter. FY26 revenue was reported at ₹125.42 crore versus ₹119.59 crore in FY25, while FY26 net profit was reported at ₹7.75 crore versus ₹7.56 crore in FY25. The March 2026 quarter also stood out because the company’s quarterly sales and profitability were materially higher than the immediately preceding quarter.

Board approval and audited results timeline

The company intimated a board meeting for approval of audited financial results (standalone and consolidated) for the quarter and year ended March 31, 2026. The financial results were reviewed by the Audit Committee and approved by the Board of Directors in its meeting held on May 28, 2026. Separately, a later note also references an earnings release dated 14/08 for Q1 2027, but the detailed Q1 FY27 numbers were not provided in the data shared here.

FY26 performance: revenue, operating profit, and net profit

For FY26, Mehai Technology reported:

• Revenue of ₹125.42 crore versus ₹119.59 crore in FY25, a 4.87% year-on-year increase.
• Operating profit of ₹11.07 crore versus ₹10.45 crore in FY25, a 5.93% year-on-year increase.
• Net profit of ₹7.75 crore versus ₹7.56 crore in FY25, a 2.51% year-on-year increase.

A separate set of yearly figures also appears in the disclosed information, stating full-year sales of ₹124.45 crore in FY26 versus ₹119.46 crore in FY25 and net profit of ₹7.74 crore versus ₹7.48 crore. These values are close to the headline FY26 figures, but they are not identical. Where relevant, the audited standalone and consolidated table is referenced below for clarity.

Consolidated versus standalone: what the audited table shows

The company disclosed both standalone and consolidated numbers in ₹ lakh for the March 2026 quarter.

• Standalone total income from operations for the quarter ended March 31, 2026 was ₹5,938.08 lakh, which is ₹59.38 crore.
• Consolidated total income from operations for the quarter ended March 31, 2026 was ₹6,228.88 lakh, which is ₹62.29 crore.
• Standalone net profit for the quarter was ₹317.27 lakh, which is ₹3.17 crore.
• Consolidated net profit for the quarter was ₹286.28 lakh, which is ₹2.86 crore.

For the full year ended March 31, 2026:

• Standalone net profit was ₹735.60 lakh, which is ₹7.36 crore.
• Consolidated net profit was ₹774.91 lakh, which is ₹7.75 crore.

Q4 FY26 (Mar 2026): sharp sequential rebound

Quarterly result highlights for Mar 2026 versus Dec 2025 indicated a steep quarter-on-quarter rise:

• Revenue reported at ₹62.29 crore in Mar 2026 versus ₹22.22 crore in Dec 2025, up 180.33% QoQ.
• Operating profit reported at ₹4.15 crore in Mar 2026 versus ₹2.89 crore in Dec 2025, up 43.60% QoQ.
• Profit reported at ₹2.86 crore in Mar 2026 versus ₹1.94 crore in Dec 2025, up 47.42% QoQ.

The company also separately reported consolidated net sales of ₹61.81 crore in March 2026, up 18.35% from ₹52.23 crore in March 2025, and quarterly net profit of ₹3.13 crore in March 2026, up 192.92% from ₹1.07 crore in March 2025. The audited table shows consolidated net profit of ₹2.86 crore for the quarter, while ₹3.13 crore is also cited as quarterly net profit in another disclosure. The difference appears to reflect reporting basis (standalone vs consolidated) and presentation across sources.

Operating metrics and coverage ratios highlighted

Alongside the quarterly jump in sales, the company reported several operating indicators for the period:

• PBDIT was reported at ₹5.30 crore (described as a peak for recent quarters).
• EBITDA was reported at ₹5.77 crore for March 2026, up 128.97% from ₹2.52 crore in March 2025.
• Operating profit to interest ratio was reported at 4.65 times.
• Profit before tax excluding other income (PBT less OI) was reported at ₹3.67 crore.
• Net profit after tax (PAT) was reported at ₹3.13 crore in the same discussion.

These metrics collectively point to improved operating leverage in the March quarter versus the preceding periods cited.

Quarterly sales trend: the last reported quarters

The quarterly profit and loss table shared for Mehai Technology shows the following sales (₹ crore): 52.23 (Mar 2025), 18.33 (Jun 2025), 22.00 (Sep 2025), 22.31 (Dec 2025), and 61.81 (Mar 2026). This sequence underscores that Mar 2026 was substantially stronger than the prior three quarters shown and also higher than Mar 2025.

Segment revenue disclosed for FY26

For FY26, the company also disclosed segment-wise revenue split:

• Sale of Services: ₹70.23 crore
• Sale of Goods: ₹54.22 crore

Together, these sum to ₹124.45 crore, aligning with the consolidated revenue number cited for FY26 in one of the yearly disclosures.

Summary tables: key financials at a glance

FY25 vs FY26 (as reported in highlights)

Q4 FY26 audited snapshot (Standalone vs Consolidated)

Market impact and what investors typically track

For investors following small and mid-cap quarterly updates, the immediate focus is usually on whether a sharp quarter-on-quarter move is accompanied by supporting operational indicators. In Mehai Technology’s case, the March quarter featured a large sequential revenue increase (from ₹22.22 crore to ₹62.29 crore as per the quarterly highlights) alongside higher operating profit and profit. On a year-on-year basis, the company’s March quarter sales were also reported higher than March 2025, and EBITDA was cited as materially higher than the year-ago quarter.

Another point investors may track is the consistency between standalone and consolidated reporting. Here, standalone quarterly profit (₹3.17 crore) exceeded consolidated quarterly profit (₹2.86 crore) in the audited table for the March quarter, while the full-year consolidated profit was reported at ₹7.75 crore and standalone at ₹7.36 crore.

Conclusion

Mehai Technology’s FY26 results showed steady year-on-year growth in revenue, operating profit, and net profit, while the March 2026 quarter stood out for a sharp sequential rebound in sales and earnings. The company’s audited results were approved by the board on May 28, 2026, and the next reference point flagged in the disclosures is the Q1 FY27 earnings release dated 14/08.