Chennai, August 12: Meenakshi India Limited (MIL) (BSE: 544831), a leading manufacturer and exporter of high-quality apparel, posted 152.84 per cent rise in net profit on a standalone basis at Rs 7.13 crore for the first quarter ended June 30, 2026, as against Rs 2.82 crore same period last year.
Operating income on a standalone basis decreased slightly by 3.14 per cent at Rs 32.35 crore during the quarter under review as compared with Rs 33.40 crore same period last year. Op. EBITDA turned positive at Rs 1.10 crore, as against Rs (0.16) crore last year. The company, which was earlier listed on the Calcutta Stock Exchange, got listed on the BSE recently.
|
Particulars |
Q1FY27 |
Q1FY26 |
Growth (%) |
|
Net Profit (Rs Crore) |
7.13 |
2.82 |
152.84 |
|
Operating Income (Rs Crore) |
32.25 |
33.40 |
(3.14) |
|
Op. EBITDA (Rs Crore) |
1.10 |
-0.16 |
N/A |
|
EPS (Rs) |
6.34 |
2.51 |
152.59 |
Commenting on the company’s performance, Mr Ashutosh Goenka, Chairman & Managing Director, Meenakshi India Limited, said, “While revenues remained broadly stable, our reported profitability improved significantly, supported primarily by other income during the quarter. The tariff related uncertainty in US and slower demand in Europe is expected to strengthen now once the tariff disadvantages vis-à-vis countries such as Bangladesh and Vietnam are addressed through trade agreements.”
However, I believe the more meaningful takeaway lies in the performance of our core garment business. In the corresponding quarter of the previous year, our core operations had reported an operating loss. During the current quarter, although operating profits from the core business remain modest, we have returned to positive operating performance. We view this as an important milestone because it indicates that the corrective measures we have taken over the past year are beginning to yield results and that the fundamentals of our business are steadily improving.
“Listing on the BSE Main Board marks an important milestone in our journey as it will help strengthen our visibility, accessibility and engagement with the wider investor community. For us, the listing is a reflection of the evolution of the company over the years and our ambition to build a globally competitive, export-led manufacturing business. The BSE platform gives us a broader and more active market ecosystem, while enhancing transparency, liquidity and opportunities for greater participation from investors,” he said.