Mount Housing revenue falls to Rs 175.31 lakh in September

Mount Housing and Infrastructure Limited reported Rs 1.7531 crore of revenue from operations for the quarter ended September 30, 2026, down 55.6% from Rs 3.945 crore a year earlier, while a Rs 59.40 lakh exceptional item changed a Rs 44.63 lakh pre-exceptional loss into Rs 15.16 lakh net profit.

Why did Mount Housing’s September-quarter revenue decline?

Mount Housing’s revenue from operations was Rs 1.7531 crore in the quarter ended September 30, 2026, compared with Rs 3.945 crore in the corresponding quarter ended September 30, 2025. The Rs 2.1919 crore reduction was a 55.6% year-on-year decline. Total revenue, including Rs 1.44 lakh of other income, was Rs 1.7675 crore, versus Rs 3.945 crore a year earlier when other income was nil.

Mount Housing’s September-quarter revenue was also below the preceding quarter. Revenue from operations was Rs 3.1343 crore in the quarter ended June 30, 2026, and total revenue was Rs 3.111 crore, according to the results statement. The September 2026 result therefore represented a Rs 1.3812 crore decline in revenue from operations from the immediately preceding quarter.

How did Mount Housing report a profit after a pre-exceptional loss?

Mount Housing reported a Rs 44.63 lakh loss before exceptional items and tax for the September 2026 quarter, compared with profits of Rs 13.54 lakh in September 2025 and Rs 5.92 lakh in June 2026. Total expenses of Rs 2.2138 crore exceeded total revenue of Rs 1.7675 crore in the latest quarter, producing the loss before the exceptional item.

Mount Housing recorded a Rs 59.40 lakh exceptional item in the September 2026 quarter, lifting profit before tax to Rs 14.77 lakh. There was no current-tax charge, while deferred tax was a Rs 0.41 lakh credit. Net profit was consequently Rs 15.16 lakh, compared with Rs 13.54 lakh in the year-earlier quarter and Rs 5.20 lakh in the preceding quarter.

The quarterly expense composition changed across several lines. Finance costs were Rs 26.54 lakh, down from Rs 28.45 lakh in September 2025, while depreciation and amortisation rose to Rs 1.25 lakh from Rs 1.09 lakh. Employee-benefit expense was Rs 20.96 lakh and other expenses were Rs 43.76 lakh in September 2026; the reported profit was dependent on the separately disclosed Rs 59.40 lakh exceptional item rather than the result before exceptional items.

What do Mount Housing’s half-year results show?

Mount Housing’s revenue from operations for the half year ended September 30, 2026 was Rs 4.8574 crore, down from Rs 7.9503 crore in the corresponding half year of 2025. Total revenue fell to Rs 4.8784 crore from Rs 7.9692 crore. Other income increased slightly to Rs 2.10 lakh from Rs 1.89 lakh, but did not offset the Rs 3.0929 crore fall in revenue from operations.

Mount Housing made a Rs 38.70 lakh loss before exceptional items and tax for the six months, compared with a Rs 19.40 lakh profit in the prior-year half year. The same Rs 59.40 lakh exceptional item resulted in half-year profit before tax of Rs 20.69 lakh. Net profit was Rs 20.35 lakh, marginally above Rs 19.98 lakh in the corresponding period of 2025.

Total half-year expenses declined to Rs 5.2655 crore from Rs 7.7752 crore in the prior-year period. Finance costs fell to Rs 51.09 lakh from Rs 55.23 lakh, a reduction of Rs 4.14 lakh. However, the expense reduction was smaller than the decline in total revenue before the exceptional item, leaving Mount Housing with a pre-exceptional half-year loss.

What changed in Mount Housing’s balance sheet?

Mount Housing’s total assets were Rs 35.6098 crore at September 30, 2026, compared with Rs 33.3901 crore at March 31, 2026. Inventories decreased to Rs 8.4591 crore from Rs 9.732 crore over the same period. Property, plant and equipment declined to Rs 63.75 lakh from Rs 66.46 lakh.

Mount Housing’s current trade receivables increased to Rs 5.2848 crore at September 30, 2026 from Rs 54.52 lakh at March 31, 2026. Non-current trade receivables were unchanged at Rs 18.7152 crore, taking total trade receivables to Rs 24 crore from Rs 19.2604 crore. Cash and cash equivalents were Rs 3 lakh, while bank balances other than cash equivalents were Rs 38.67 lakh.

Mount Housing’s combined current and non-current borrowings decreased to Rs 16.1738 crore at September 30, 2026 from Rs 17.0242 crore at March 31, 2026. Non-current borrowings were Rs 8.2813 crore and current borrowings were Rs 7.8925 crore. Current trade payables increased to Rs 13.3119 crore from Rs 9.0358 crore, while other current liabilities declined to Rs 1.1753 crore from Rs 2.4876 crore.

What does Mount Housing’s half-year cash flow indicate?

Mount Housing reported Rs 40.48 lakh of net cash flow from operating activities for the half year ended September 30, 2026. The cash-flow statement started with profit before tax of Rs 20.69 lakh, included depreciation of Rs 2.71 lakh and interest payments of Rs 51.09 lakh, and showed an exceptional-item adjustment of Rs 1.5622 crore described as a non-cash reversal of remuneration.

Working-capital changes were substantial in the six-month period. Trade receivables used Rs 4.7396 crore of cash, while the inventory reduction generated Rs 1.2729 crore and the increase in trade payables generated Rs 4.2762 crore. The movement in receivables aligns with the balance-sheet increase in current trade receivables to Rs 5.2848 crore at September 30, 2026.

Mount Housing reported Rs 93.52 lakh of net cash used in financing activities, including a Rs 41.95 lakh reduction in long-term borrowings and Rs 51.09 lakh of interest paid. Cash and cash equivalents in the cash-flow statement fell by Rs 53.03 lakh to Rs 41.67 lakh at September 30, 2026, from Rs 94.70 lakh at the start of the period.

Conclusion

Mount Housing’s September-quarter results show that lower operating revenue drove a pre-exceptional loss despite lower finance costs than a year earlier. The Rs 59.40 lakh exceptional item supported both the Rs 15.16 lakh quarterly net profit and the Rs 20.35 lakh half-year net profit, while receivables rose and total borrowings declined from March 2026.

Next, investors can watch for execution of the new joint development agreement and power of attorney for a property at Vilankurichi, which the board approved on November 14, 2026. Mount Housing did not disclose project revenue, development expenditure or a timetable for the agreement, while collections from the Rs 24 crore trade-receivables balance remain relevant to later cash-flow results.