Mirza International Limited Q2 FY27 Financial Results Summary

Key Financial Figures - Standalone (₹ in Lakh)

Quarter Ended September 30, 2026:

  • Revenue from Operations: ₹15,697.54
  • Total Income: ₹15,795.99
  • Total Expenses: ₹16,080.98
  • Loss Before Tax: ₹(285.00)
  • Loss After Tax: ₹(438.73)
  • Basic EPS: ₹(0.32)

Half Year Ended September 30, 2026:

  • Revenue from Operations: ₹28,054.07
  • Total Income: ₹28,201.08
  • Total Expenses: ₹28,974.53
  • Loss Before Tax: ₹(773.45)
  • Loss After Tax: ₹(890.18)
  • Basic EPS: ₹(0.64)

Key Financial Figures - Consolidated (₹ in Lakh)

Quarter Ended September 30, 2026:

  • Revenue from Operations: ₹16,464.95
  • Total Income: ₹16,572.59
  • Total Expenses: ₹17,008.35
  • Loss Before Tax: ₹(435.76)
  • Loss After Tax: ₹(589.44)
  • Basic EPS: ₹(0.43)

Half Year Ended September 30, 2026:

  • Revenue from Operations: ₹29,304.80
  • Total Income: ₹29,475.86
  • Total Expenses: ₹30,355.69
  • Loss Before Tax: ₹(879.83)
  • Loss After Tax: ₹(996.48)
  • Basic EPS: ₹(0.72)

Comparative Performance

Standalone H1 FY27 vs H1 FY26:

  • Revenue declined from ₹31,097.69 lakh to ₹28,054.07 lakh (9.8% decrease)
  • Net profit turned to loss of ₹(890.18) lakh from profit of ₹2,165.56 lakh
  • EPS turned negative at ₹(0.64) from positive ₹1.57

Consolidated H1 FY27 vs H1 FY26:

  • Revenue declined from ₹30,646.49 lakh to ₹29,304.80 lakh (4.4% decrease)
  • Net profit turned to loss of ₹(996.48) lakh from profit of ₹1,995.73 lakh
  • EPS turned negative at ₹(0.72) from positive ₹1.44

Segment Performance (Standalone)

Footwear - Domestic & Export Sales:

  • Q2 FY27 Revenue: ₹14,279.00 lakh
  • H1 FY27 Revenue: ₹24,524.47 lakh
  • Q2 FY27 Segment Result: ₹334.10 lakh profit
  • H1 FY27 Segment Result: ₹388.84 lakh profit

Tannery - Domestic & Export Sales:

  • Q2 FY27 Revenue: ₹1,862.52 lakh
  • H1 FY27 Revenue: ₹5,003.84 lakh
  • Q2 FY27 Segment Result: ₹(428.73) lakh loss
  • H1 FY27 Segment Result: ₹(706.23) lakh loss

Assets and Liabilities Position (Standalone as of September 30, 2026)

  • Total Assets: ₹59,612 lakh
  • Property, Plant and Equipment: ₹26,152 lakh
  • Inventories: ₹9,642 lakh
  • Trade Receivables: ₹12,263 lakh
  • Cash and Cash Equivalents: ₹2,030 lakh
  • Total Equity: ₹46,349 lakh
  • Current Liabilities: ₹10,486 lakh
  • Borrowings (Current): ₹2,025 lakh
  • Borrowings (Non-current): ₹101 lakh

Cash Flow Statement (Standalone H1 FY27)

  • Net Cash Used in Operating Activities: ₹(1,819) lakh
  • Net Cash Used in Investing Activities: ₹(766) lakh
  • Net Cash from Financing Activities: ₹1,951 lakh
  • Net Decrease in Cash: ₹(634) lakh

Income Tax Search Disclosure

A search under Section 132 of the Income-tax Act, 1961 was conducted at the company's premises during September 2025. The company subsequently filed its block return of income on July 24, 2026, declaring ₹5.32 crore as undisclosed income for the block period, without prejudice to its rights and contentions. Tax of ₹3.32 crore paid in respect thereof has been accounted for in the financial results. The block assessment proceedings are pending.

Auditor's Review

The statutory auditors, Saxena Roongta and Associates, conducted a limited review of the unaudited financial results and expressed an unmodified report with an emphasis of matter regarding the income tax search proceedings. The auditors noted that the consolidated results include financial information of subsidiaries that were not reviewed by them or other auditors.