Results - Announcements
Mirza International Ltd share price softened by 1.44% to Rs 28.7. The Company's net profit jumped 44.72% to Rs 5.89 crore, while revenue from operations increased sharply by 28.23% to Rs 164.65 crore in Q2FY27 over Q2FY26.
The market capitalization of Leather And Leather Products industry group stocks on BSE stood at Rs 7014.55 crore, expanding by 19.92%. It has slipped by 0.67% over last one week and softened by 0.15% in last one month while the market capitalization of Mirza International Ltd has improved by 4.33% and 9.52% in the same period respectively.
Profit before tax (PBT) of Mirza International Ltd stood at Rs 4.36 crore in Q2 FY27, crashing by 241.56% year-on-year, and declining 1.80% quarter-on-quarter. EBITDA came in at Rs 2 crore, plunging by 85.47% YoY and tumbling by 24.90% sequentially.
Total expenses surged 27.34% to Rs 168.9 crore in Q2FY27 over Q2FY26. During the quarter, cost of materials consumed stood at Rs 58.64 crore, softening by 6.37% YoY, while employee benefits expense was at Rs 20.91 crore, inching up 0.19% YoY.
For FY26, revenue from operations eased 9.29% to Rs 527.23 crore, while net profit tanked by 83.90% to Rs 0.57 crore, compared to previous FY. EBITDA witnessed a strong improvement of 3410% to Rs 15.7 crore, and PBT plunged by 98.03% to Rs 0.07 crore compared to previous FY.
The company's consolidated net cash flow from operating activities stood at Rs 43.96 crore in FY26, as against Rs 28.24 crore in FY25.
Mirza International Ltd nosedived by 20.63% in last one year, underperforming the benchmark BSE Sensex which has slipped by 3.03% during the same period.