Mukand Limited Reports Q2 FY26 Results with Land Sale Agreement Worth Rs 673 Crore

Mukand Limited announced its unaudited standalone and consolidated financial results for the quarter and six months ended September 30, 2025. The company's Board of Directors approved these results at a meeting held on November 12, 2025. Key highlights include the execution of an Agreement for Sale on July 23, 2025, for land parcels measuring approximately 17.77 acres in Thane District for a consideration of approximately Rs 673 crore, with an advance of Rs 110 crore already received from the purchaser. The transaction is subject to necessary government approvals and fulfillment of conditions precedent. Additionally, the National Company Law Tribunal approved a scheme of demerger of Stainless Steel Cold Finished Bars and Wires business of Mukand Sumi Metal Processing Limited into Mukand Ltd with effect from April 1, 2024. The company also completed a Business Transfer Agreement on October 18, 2025, for the transfer of part of its Industrial Machinery Division to wholly-owned subsidiary Mukand Heavy Engineering Limited. The results have been reviewed by auditors DHC Co., Chartered Accountants.

Mukand Limited Transfers Industrial Machinery Business to Subsidiary via Slump Sale

Mukand Limited executed a Business Transfer Agreement with its wholly owned subsidiary Mukand Heavy Engineering Limited (MHEL) on October 18, 2025. The agreement involves transferring part of its Industrial Machinery Business through a slump sale on a going concern basis. The transferred business includes designing, manufacturing, erecting and commissioning EOT Cranes, other materials handling and process plant equipment activities. The purchase consideration will be paid through the issuance of equity shares by MHEL to Mukand at fair value on the closing date. The transaction is classified as a related party transaction conducted at arm's length. The company states the slump sale aims to provide focused attention on the transferred business, enhance growth opportunities, unlock growth potential and create operational synergies leading to economies of scale while maximizing stakeholder value.

Mukand Limited Reports Strong Q1 FY2026 Results with Net Profit Surging 435.8% QoQ

Mukand Limited reported robust quarterly results with total income from operations reaching Rs 1,102.39 crore, up 4.1% quarter-on-quarter but down 7.3% year-on-year. The company achieved significant profitability improvements with profit before tax growing 129.9% QoQ to Rs 44.11 crore and net profit after tax surging 435.8% QoQ to Rs 35.47 crore. EBITDA margin improved to 8.3% from 5.2% in the previous quarter, while earnings per share increased to Rs 2.45 from Rs 0.46. The company completed the demerger of stainless steel cold finished bars and wires business effective April 1, 2024, and signed an agreement to sell 17.77 acres of land for Rs 673 crore. Management highlighted the company's transformation from a debt-laden entity to a profitable growth trajectory, focusing on high-margin stainless steel production and leveraging its 1,400+ workforce.