MMP Industries Limited Board Approves Q1 Results, Appoints New Directors and Cost Auditor
MMP Industries Limited's Board of Directors held a meeting on August 10, 2026, reviewing and approving the unaudited financial results for the first quarter (Q1) of the financial year 2026-27 ended June 30, 2026. The board also took action regarding its directorial composition, appointing two new directors while noting the resignations of existing members.The meeting addressed several key corporate governance matters, including the approval of unaudited standalone and consolidated financial statements for Q1 FY 2026-27. Furthermore, the Board approved the Corporate Governance Report, the Management Discussion & Analysis, and the Board's Report to be presented at the company's Fifty Third (53) Annual General Meeting (AGM).
Board Actions and Leadership Changes
The meeting saw significant changes in the independent director position. The Board noted the resignation of Mr. Vijay Bapna and Mr. Sunil Khanna from their posts as Non-Executive Independent Directors, with both resignations cited as being due to the completion of term.In response, two appointments were made: Mr. Raj Sethia and Mr. Sanjay Arora were appointed as Additional Non-Executive, Independent Directors.
Details regarding the newly appointed directors and outgoing members are as follows:
| Particulars | Director Name(s) | Status / Role |
|---|---|---|
| Resignations Noted | Mr. Vijay Bapna; Mr. Sunil Khanna | Non-Executive, Independent Directors (Term Completion) |
| Appointments Made | Mr. Raj Sethia; Mr. Sanjay Arora | Additional Non-Executive, Independent Directors |
Financial Performance Review (Standalone Results)
MMP Industries Limited reported its standalone financial results for the quarter ended June 30, 2026, as well as corresponding figures from the previous fiscal year and annual audited results.The company's operations demonstrated resilience in the face of significant industry shifts. The consolidated statements include interim results from three wholly owned subsidiaries (MMP Electricals Private Limited, MMP Cables Private Limited, and MMP Alutech Private Limited), along with two associate companies.
A summary of the standalone financial performance is provided below:
| Particulars | Q ended June 30, 2026 (Unaudited) | Year Ended March 31, 2026 (Audited) |
|---|---|---|
| Revenue from Operations | 23,210.72 Lakhs | 82,168.59 Lakhs |
| Total Income | 23,228.62 Lakhs | 82,318.83 Lakhs |
| Total Expenses | 21,609.12 Lakhs | 77,677.01 Lakhs |
| Profit Before Tax (PBT) | 1,619.50 Lakhs | 4,661.82 Lakhs |
| Profit After Tax (PAT) | 1,207.99 Lakhs | 2,642.08 Lakhs |
Operational Segments and New Appointments
The company's segmental revenues for the quarter ended June 30, 2026, show a distribution across various products, with net segment revenues totaling 23,277.75 units (in specified currency). The reporting segments include Aluminium Powder and Paste Foil, Aluminium, and Aluminium Conductor Insulators.In an important operational governance decision, the Board reviewed and approved the appointment of M/s. Deepak Khanuja & Associates as a Cost Auditor for the financial year 2026-27 (ending March 31, 2027). The firm is based in Nagpur, Maharashtra, and headed by CMA Deepak Khanuja.
The company's Q1 results were reviewed by an independent auditor, who issued an unmodified review report on the unaudited standalone financial statements.
MMP Stock Price Movement
Shares of MMP Industries are edging higher to ₹343.1 as of 3:07 PM, following the strong gain of ₹5.20 (1.54%) in live market trading. The stock has seen significant intraday activity, with 35,250 shares exchanged so far.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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