Modern Malleables revenue tripled to ₹150.9 crore in FY26.
Power and telecom segments drove a tripling of annual revenue and a doubling of profit. The March quarter alone delivered over a third of the year's total sales.
— 1 earlier story on Modern Malleables Ltd. →What's new
- FY26 revenue tripled to ₹150.9 crore from ₹52.3 crore; net profit doubled to ₹19.3 crore from ₹10.0 crore.
- Q4 revenue surged to ₹53.4 crore from ₹26.2 crore year-on-year, though profit dipped on higher costs.
- Auditors B.R. Khaitan & Co gave an unmodified opinion on the statements.
Why this matters
The results confirm the company's rapid scale-up in power and telecom is translating to the bottom line. A tripling of revenue on a doubled profit margin shows growth is not just top-line. The Q4 profit dip amid higher costs is a detail to watch.
What we're watching
- Sustainability of the power/telecom growth trajectory into FY27.
- Cost pressures evident in the Q4 margin compression.
- How the company allocates the new scale and profit.
The full read
Modern Malleables scaled fast in FY26. Revenue nearly tripled to ₹150.9 crore from ₹52.3 crore, and net profit more than doubled to ₹19.3 crore from ₹10.0 crore. The final quarter was the driver. Q4 revenue alone hit ₹53.4 crore, up from ₹26.2 crore a year earlier, accounting for over a third of annual sales. That quarter came with a profit slip on higher costs. The auditors signed off cleanly. The numbers themselves are not new but they do land the full-year story: a company that was doing ₹52 crore in sales a year ago is now on a ₹150 crore run rate, with power and telecom providing the thrust. The Q4 cost pressure is the one flag in an otherwise clean report.
Questions answered
- What drove the revenue surge in FY26?
- The company attributed the nearly 3x revenue growth to strong performance in its power and telecommunications business segments.
- How did the March quarter compare to the full year?
- Q4 revenue of ₹53.4 crore was more than a third of the full year's ₹150.9 crore, showing an acceleration in the final quarter.
- Why did profit dip in Q4 even as revenue doubled?
- The filing indicates a slight dip in Q4 profit due to higher costs, even as quarterly revenue surged year-on-year.
- What was the auditors' view on these results?
- Auditors B.R. Khaitan & Co issued an unmodified opinion, providing standard assurance on the accuracy of the financial statements.
Story so far
All notes on MODERNMAL →- 25 May 2026 · 4:32 PM IST Modern Malleables revenue tripled to ₹150.9 crore in FY26.
- 42d ago Modern Malleables triples revenue to ₹150.9 cr, profit doubles