Mukand Ltd

Mukand Ltd announced revisions and initial ratings across multiple instruments from various credit rating agencies, as per Regulation 30(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. CRISIL has revised the rating on the Bank Loan instrument with an amount of 100000000 to AA+, while CARE has assigned an initial rating of BBB to the NCDs instrument with an amount of 50000000; these actions pertain to the Bank Loan instrument with an amount of 100000000 and the NCDs instrument with an amount of 50000000, respectively, and do not involve any enhancements, assignments, or withdrawals beyond these specific rating actions.

Mukand Ltd share price softened by 0.53% to Rs 140.05 after the company's net profit tumbled by 89.66% to Rs 57.36 crore, while revenue from operations improved marginally 7.34% to Rs 1362.21 crore in Q2FY26 over Q1FY26. The market capitalization of Iron & Steel Products industry group stocks on BSE stood at Rs 3.22 lakh crore, easing 1.17%. It has eased by 0.55% over last one week and ticked higher by 4.52% in last one month while the market capitalization of Mukand Ltd has slipped by 1.37% and 2.19% in the same period respectively. Profit before tax (PBT) of Mukand Ltd stood at Rs 60.22 crore in Q2 FY26, rallying 59.86% year-on-year, and tumbling by 86.12% quarter-on-quarter. EBITDA came in at Rs 98 crore, nosediving by 1241.89% YoY and tanking 81.39% sequentially. Total expenses posted a minor rise of 5.24% to Rs 1372.96 crore in Q2FY26 over Q2FY25. During the quarter, cost of materials consumed stood at Rs 973.06 crore, growing marginally by 7.35% YoY, while employee benefits expense was at Rs 58.16 crore, ticking higher by 4.51% YoY. For the TTM ended FY26, revenue from operations remained flat to Rs 4889.83 crore, while net profit surged by 696.09% to Rs 604.15 crore, compared to previous TTM. EBITDA soared by 28047% to Rs 382.67 crore, and PBT jumped 332.91% to Rs 512.13 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 440.98 crore in FY26, as against Rs 180.09 crore in FY25. Mukand Ltd ticked higher by 1.89% in last one year, outperforming the benchmark BSE Sensex which has softened by 3.04% during the same period.

Mukand has fixed 07 August 2026 as record date for payment of dividend of 30% i.e Rs 3 per equity share of Rs 10.

Mukand announced that the Annual General Meeting(AGM) of the company will be held on 12 August 2026.

Mukand will hold a meeting of the Board of Directors of the Company on 12 August 2026.

Mukand announced that the Board of Directors of the Company at its meeting held on 14 May 2026, inter alia, have recommended the final dividend of Rs 2 per equity Share (i.e. 20%) , subject to the approval of the shareholders.

Mukand announced that the Board of Directors of the Company at its meeting held on 14 May 2026, inter alia, have recommended the special dividend of Rs 1 per equity Share (i.e. 10%) , subject to the approval of the shareholders.

Net profit of Mukand rose 4991.56% to Rs 554.98 crore in the quarter ended March 2026 as against Rs 10.90 crore during the previous quarter ended March 2025. Sales rose 14.65% to Rs 1269.09 crore in the quarter ended March 2026 as against Rs 1106.89 crore during the previous quarter ended March 2025. For the full year,net profit rose 696.09% to Rs 604.15 crore in the year ended March 2026 as against Rs 75.89 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales1269.091106.89 15 4889.834889.99 0 OPM %-1.385.88 -3.505.81 - PBDT451.7937.39 1108 574.53169.03 240 PBT433.7724.13 1698 512.13118.30 333 NP554.9810.90 4992 604.1575.89 696 Powered by Capital Market - Live

Mukand will hold a meeting of the Board of Directors of the Company on 14 May 2026.

Mukand announced that Gurnam Singh shall cease to be Chief Executive Officer ' Machine Building Division, due to his retirement, with effect from 16 February 2026. Vidyakant S. Mirje is appointed as Chief Executive Officer ' Machine Building Division, w.e.f. 16 February 2026. Powered by Capital Market - Live