Mindteck Reports Steady Profits Amid Challenging Market Conditions
Mindteck India Limited reports a dip in Q1 revenue due to challenging market conditions but posts a rise in profit. With a new Managing Director at the helm, the company focuses on prudent financial strategies and maintaining shareholder value to navigate the uncertain market landscape.
- Country:
- India
Mindteck India Limited has announced its financial results for the first quarter ending June 30, 2025, amid challenging market conditions. The company recorded a consolidated revenue of Rs. 101.30 crore, a decrease from Rs. 104.02 crore in the previous quarter and Rs. 108.15 crore in the same quarter the previous year.
Despite the revenue drop, Mindteck reported a consolidated net profit after tax of Rs. 8.75 crore, rising from Rs. 6.80 crore in the prior quarter and Rs. 6.38 crore in the corresponding quarter of 2024. Meanwhile, standalone revenue stood at Rs. 35.15 crore with a net profit of Rs. 4.66 crore.
The Board appointed Mr. Yusuf Lanewala as the new Managing Director, effective August 8, 2025. Lanewala acknowledged the market challenges while emphasizing financial prudence and commitment to shareholder value. "We are focused on navigating uncertainties and seizing growth opportunities," he stated.
(With inputs from agencies.)
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