Mayasheel Ventures Releases Audited Financial Results for FY 2026 and Half Year Ended March 31, 2026
Mayasheel Ventures Limited, formerly Mayasheel Construction, announced the audited financial results for the half year ended and the full financial year ended March 31, 2026. The company's Board of Directors considered and approved the results, along with the Internal Audit Report for the financial year ended March 31, 2026.The company's statutory auditors, M/s. Ajay K. Kapoor & Company, issued an audit report providing an unmodified opinion on the Standalone Financial Results for the half year and financial year ended March 31, 2026.
Financial Highlights and Performance
The company reported key financial metrics for the financial year 2026 compared to the previous year (2025).The Standalone Profit & Loss Statement highlights the following revenue and expense totals:
| Metric | For the Year Ended March 31, 2026 | For the Year Ended March 31, 2025 |
|---|---|---|
| Total Revenue | Rs. 20,685.23 | Rs. 17,204.92 |
| Total Expense | Rs. 18,510.11 | Rs. 15,692.42 |
| Profit/(Loss) from Continuing Operations | Rs. 1,132.52 | Rs. 1,126.05 |
| Earnings per share (Basic) | Rs. 5.48 | Rs. 6.93 |
Balance Sheet and Financial Position
The company's balance sheet reflects the following major movements in liabilities and assets:| Particulars | As at March 31, 2026 (Rs.) | As at March 31, 2025 (Rs.) |
|---|---|---|
| Share Capital | 2,205.00 | 1,624.50 |
| Reserves and Surplus | 4,170.89 | 1,181.64 |
| Long-term borrowings | 2,413.21 | 2,050.62 |
| Short term borrowings | 1,988.65 | 1,355.05 |
| Total Equity and Liabilities (Approximation) | 12,103.34 | 16,286.13 |
In terms of current assets, inventories stood at Rs. 3,598.91 on March 31, 2026, compared to Rs. 2,213.88 on March 31, 2025.
Cash Flow and Capital Utilization
Analyzing the cash flow statement for the year ending March 31, 2026 (in Rs. Lakhs), the company reported:- Net Profit Before Tax: Rs. 1,522.75, up from Rs. 1,387.32 in the previous year.
- Net Cash flow from Operating activities: -2,082.42, compared to -709.01 in the previous year.
- Net increase in cash & Cash Equivalents: Rs. 933.71, compared to Rs. 385.14 in the previous year.
The company also released a statement on the utilization of issue proceeds, detailing its initial allocation of Rs. 2,455.35 Lakhs. As of March 31, 2026, the company utilized Rs. 2,055.35 Lakhs of these funds, leaving an unutilized amount of Rs. 400 Lakhs.
Auditor’s Key Observations
During the audit, a key matter was noted concerning revenue recognition. The auditors observed that the company did not apply the Percentage of Completion Method (POCM) for revenue recognition for certain ongoing projects. Management stated that due to ongoing uncertainties in the business environment, delays in project execution, and lack of adequate supporting documentation, the company adopted a prudent approach by deferring revenue recognition under POCM for such projects.Furthermore, the audit noted an exceptional loss incurred during the current financial year related to an environmental disaster affecting a project site. The company reported estimated losses amounting to approximately Rs. 13.71 crore during the year. The company has lodged an insurance claim for this amount, which is pending approval, and estimates an additional expenditure of approximately Rs. 7.19 crore for restoration and rectification of the affected work.
MAYASHEEL Stock Price Movement
Shares of Mayasheel Ventures Limited today slipped by 10.26% to settle at ₹52.05. The equity traded a total volume of 9,000 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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