Mindteck Announces Financial Performance for Q3 and Nine Months of FY 2025-26
Mindteck (India) Limited, a global engineering and technology solutions firm specializing in storage, medical devices, semiconductors, and analytical instruments, has released its unaudited financial results for the third quarter and nine months ended December 31, 2025. The company, listed on BSE and NSE under codes 517344 and MINDTECK respectively, reported from its base in Bengaluru, Karnataka.
Consolidated Financial Highlights for the Quarter
The consolidated revenue for the quarter stood at Rs. 100.46 crore, compared to Rs. 101.63 crore in the previous quarter ended September 30, 2025, and Rs. 104.02 crore in the corresponding quarter of the previous year. Net profit for the quarter was Rs. 5.05 crore, down from Rs. 7.56 crore in the prior quarter and Rs. 7.93 crore in the same quarter last year.
Year-to-Date Consolidated Performance
For the nine months ended December 31, 2025, consolidated revenue reached Rs. 303.39 crore, a decrease from Rs. 320.40 crore in the same period of the previous year. Net profit for this period was Rs. 21.36 crore, slightly lower than Rs. 21.88 crore in the prior year. The Basic Earnings Per Share (EPS) for the nine months was Rs. 6.68 per share, compared to Rs. 6.90 per share previously.
Standalone Financial Results
On a standalone basis, revenue for the quarter was Rs. 38.43 crore, against Rs. 39.15 crore in the previous quarter and Rs. 35.87 crore in the year-ago quarter. Net profit stood at Rs. 2.17 crore, compared to Rs. 5.38 crore in the prior quarter and Rs. 3.29 crore in the same quarter last year.
For the nine months ended December 31, 2025, standalone revenue totaled Rs. 112.73 crore, down from Rs. 116.48 crore in the previous year. However, net profit improved to Rs. 12.21 crore from Rs. 11.56 crore. The Basic EPS for the standalone entity was Rs. 3.82 per share, up from Rs. 3.63 per share.
Leadership Commentary on Performance
Mr. Javed Gaya, Chairman of the Board, addressed the results, stating, "This quarter, we experienced lower-than-expected revenue, primarily due to a transitional phase in our leadership team. As we onboard new executives and align our strategic vision, some short-term disruptions were inevitable. However, this period has strengthened our foundations for the future."
He further emphasized, "Mindteck remains dedicated to boosting profitability and operational excellence. We have launched targeted initiatives to cut costs, enhance efficiency, and optimize resource allocation. Simultaneously, we prioritized higher-margin revenue channels, striking a balance between expansion and long-term value. These steps have set the stage for strong profitability and sustainable growth ahead."
Analysis and Outlook
The financial results indicate a mixed performance, with declines in consolidated revenue and profit for the quarter, but improvements in standalone profit for the nine-month period. The company's focus on cost-cutting and efficiency measures, as highlighted by leadership, suggests a strategic shift towards sustainable growth. Mindteck's expertise in niche industries positions it to leverage future opportunities in engineering and technology sectors.
Investors and stakeholders are advised to monitor upcoming quarters for signs of recovery and the impact of new leadership initiatives. The company's commitment to operational excellence and higher-margin channels could drive future profitability, despite current challenges.
