Key Financial Figures - Standalone (₹ in Lakh)

Profit & Loss Statement:

  • Q4 FY26 Revenue from operations: ₹5,165
  • FY26 Revenue from operations: ₹20,047
  • Q4 FY26 Profit before tax: ₹3,264
  • FY26 Profit before tax: ₹3,721
  • Q4 FY26 Profit after tax: ₹2,741
  • FY26 Profit after tax: ₹3,042
  • Q4 FY26 Total comprehensive income: ₹2,729
  • FY26 Total comprehensive income: ₹3,030
  • Exceptional items Q4 FY26: ₹3,502 (includes ₹2.61 Cr provision for employee benefits and ₹340.2 Cr gain on subsidiary sale)
  • Tax expense Q4 FY26: ₹523
  • Tax expense FY26: ₹678

Balance Sheet (as at March 31, 2026):

  • Total assets: ₹20,758
  • Total equity: ₹15,960
  • Equity share capital: ₹118
  • Other equity: ₹15,842
  • Current investments: ₹7,369
  • Trade receivables: ₹8,532
  • Cash and cash equivalents: ₹69
  • Total current liabilities: ₹4,516
  • Income tax liabilities (net): ₹501

Earnings Per Share (Standalone):

  • Q4 FY26 Basic EPS: ₹24.62
  • Q4 FY26 Diluted EPS: ₹24.62
  • FY26 Basic EPS: ₹27.33
  • FY26 Diluted EPS: ₹27.33

Key Financial Figures - Consolidated (₹ in Lakh)

Profit & Loss Statement:

  • Q4 FY26 Revenue from operations: ₹6,091
  • FY26 Revenue from operations: ₹24,664
  • Q4 FY26 Profit before tax from continuing operations: ₹3,774
  • FY26 Profit before tax from continuing operations: ₹3,993
  • Q4 FY26 Profit after tax from continuing operations: ₹3,281
  • FY26 Profit after tax from continuing operations: ₹3,337
  • Q4 FY26 Share of loss of associate: ₹NIL
  • FY26 Share of loss of associate: ₹1
  • Q4 FY26 Total comprehensive income: ₹3,075
  • FY26 Total comprehensive income: ₹3,107

Balance Sheet (as at March 31, 2026):

  • Total assets: ₹21,326
  • Total equity: ₹15,735
  • Equity share capital: ₹118
  • Other equity: ₹15,618
  • Current investments: ₹7,369
  • Trade receivables: ₹8,809
  • Cash and cash equivalents: ₹225
  • Total current liabilities: ₹5,147

Earnings Per Share (Consolidated):

  • Q4 FY26 Basic EPS from continuing operations: ₹29.47
  • Q4 FY26 Diluted EPS from continuing operations: ₹29.47
  • FY26 Basic EPS from continuing operations: ₹29.98
  • FY26 Diluted EPS from continuing operations: ₹29.98

Dates of Action

  • Financial period ended: March 31, 2026
  • Board meeting date: May 19, 2026
  • Auditor's report date: May 19, 2026
  • Subsidiary stake sale date: February 5, 2026
  • JECL ceased to be subsidiary: March 24, 2026

Parties Involved

  • Subsidiaries: MHE Rentals India Private Limited, JECL Engineering Limited (until March 24, 2026), Josts Engineering Inc, Josts Foundation (until June 30, 2025)
  • Associate: Suryavayu Renewable & Energy Solutions Private Limited (until December 31, 2025)
  • Auditors: Shah Gupta & Co., Chartered Accountants (Firm Registration No.: 109574W)
  • Stock Exchange: BSE Limited
  • Regulator: SEBI

Significant Events and Transactions

Subsidiary Sale:

The Company sold its entire stake in JECL Engineering Limited on February 5, 2026. Consequently, JECL ceased to be a subsidiary effective March 24, 2026. The Company recognized a gain of ₹340.2 Cr on this sale, which is included in exceptional items. JECL's results have been presented as discontinued operations in the consolidated financial results, with comparative periods re-presented accordingly.

Dividend Recommendation:

The Board recommended a dividend of ₹1.25 per share (125%) as final dividend and ₹3.75 per share (375%) as special dividend on equity shares of face value ₹1 each, totaling ₹5 per share (500%). This is subject to approval by members at the ensuing Annual General Meeting.

Labour Code Implementation Impact:

The implementation of new Labour Codes (Social Security Code, 2020; Occupational Safety, Health and Working Conditions Code, 2020; Industrial Relations Code, 2020; and Code on Wages, 2019) resulted in an increase of ₹2.61 Cr in the provision for defined benefit obligations. This has been recognized as an exceptional item in the financial results.

Segment Performance:

  • Material Handling Segment: Q4 FY26 revenue ₹1,686, FY26 revenue ₹6,607, Q4 segment result loss of ₹539
  • Engineered Products Segment: Q4 FY26 revenue ₹3,479, FY26 revenue ₹13,440, Q4 segment profit ₹550

Capital Structure Impact

  • Equity share capital increased from ₹100 lakh to ₹118 lakh during the year
  • Other equity increased significantly from ₹8,059 lakh to ₹15,842 lakh (standalone)

Cash Flow Implications

  • Standalone: Net cash used in operating activities ₹2,425 lakh; Net cash used in investing activities ₹1,993 lakh; Net cash from financing activities ₹4,284 lakh
  • Consolidated: Net cash used in operating activities ₹980 lakh; Net cash used in investing activities ₹2,439 lakh; Net cash from financing activities ₹3,333 lakh

Auditor's Opinion

Unmodified audit opinion issued by Shah Gupta & Co., Chartered Accountants on both standalone and consolidated financial results. The auditors confirmed that the financial results give a true and fair view in conformity with applicable Indian Accounting Standards.

Declaration of Compliance

KC Somani, Chief Financial Officer, submitted a declaration pursuant to Regulation 33(3)(d) confirming that the statutory auditor issued an audit report with unmodified opinion on the audited financial results.