Results - Announcements
Mirza International Ltd share price slipped 1.44% to Rs 28.7. The Company's net profit jumped 44.72% to Rs 5.89 crore, while revenue from operations gained significantly 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, rallying 19.92%. It has softened by 0.67% over last one week and dipped slightly 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, tumbling by 241.56% year-on-year, and slipping 1.80% quarter-on-quarter. EBITDA came in at Rs 2 crore, nosediving by 85.47% YoY and crashing 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, ticking higher by 0.19% YoY.
For FY26, revenue from operations declined slightly by 9.29% to Rs 527.23 crore, while net profit witnessed a sharp fall of 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 collapsed 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 crashed 20.91% in last one year, underperforming the benchmark BSE Sensex which has softened by 3.42% during the same period.