Mirza International Ltd Reports Quarterly Results for Q2 FY26; Total Expenses Exceed Income
Mirza International Ltd has reported its unaudited financial results for the quarter ended June 30, 2026. The Board of Directors approved the standalone and consolidated results, alongside a Limited Review Report conducted by Statutory Auditors on these statements.The Company's financial performance showed Total Revenue from Operations of 12839.85 Lakh in the consolidated results for the quarter. However, total expenses were reported at 13347.34 Lakh, resulting in a Profit for the period of (407.04) Lakh.
The unaudited figures include both standalone and consolidated results, covering performance across various financial metrics:
| Particulars | Consolidated Qtr Ended June 30, 2026 (Lakh) | Standalone Qtr Ended June 30, 2026 (Lakh) |
|---|---|---|
| Revenue from Operations | 12839.85 | 12356.53 |
| Total Income | 12903.27 | 12405.09 |
| Total Expenses | 13347.34 | 12893.53 |
| Profit for the period (before comprehensive income) | (407.04) | (451.44) |
Segmental Performance Highlights
The results demonstrate varied performance across the company's segments, which include Footwear and Tannery operations.Segment performance data for the quarter ended June 30, 2026, is presented below:
| Segment | Revenue from Operations (Lakh) | Profit/(Loss) Before Tax (Lakh) |
|---|---|---|
| Footwear - Domestic & Export Sale | 10245.47 | 99.11 |
| Tannery - Domestic & Export Sale | 3141.32 | (277.50) |
| Unallocated/Exceptional Items | 48.56 | 48.56 |
Management and Audit Context
The Company has noted that the adoption of Ind AS 116 in relation to lease assets affected its financials. Implementing Ind AS 116 resulted in a decrease in rent expenses by Rs. 9.86 Lakh, while depreciation and finance costs increased by Rs. 9.54 Lakh and Rs. 8.96 Lakh, respectively. The reassessment of Asset/Liabilities under Ind AS 116 "Leases" led to a decrease in loss before tax of Rs. 8.64 Lakh for the quarter ended on June 30, 2026.The results were subject to review by Statutory Auditors, who issued an unmodified opinion on the unaudited financial statements. The consolidated results include entities such as Mirza (UK) Limited and Genesis Brands Private Limited, Genesis Brands Inc, and Genesis Brands UG.
MIRZAINT Stock Price Movement
As of 12:41 PM, shares of Mirza International Limited are slipping by 0.71% in live trading, currently at ₹33.6 as the market is active. Trading volume stands at 117,237 shares while the stock moves lower.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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