Mehul Telecom's revenue jumps 73% to ₹200 cr in FY26
The nano-cap's annual results show a sharp acceleration in its mobile phone business, with profit rising 71% and reserves more than doubling.
— 1 earlier story on Mehul Telecom Ltd. →What's new
- Annual revenue jumped 73% to ₹20,012 lakhs for FY26.
- Net profit rose 71% to ₹996 lakhs; reserves and surplus more than doubled to ₹1,953 lakhs.
- The board approved a new internal auditor and a shift in registered office within Rajkot.
Why this matters
A 73% top-line jump is a material step-up for a nano-cap, not an incremental gain. The near-parallel profit growth suggests margins held steady as the business scaled, and the doubling of reserves strengthens a balance sheet that was likely thin. The results are the event; the governance changes are routine.
What we're watching
- Whether the FY26 growth rate is repeatable or driven by a one-off contract cycle.
- If profit can keep pace with revenue as the base expands.
- The new auditor's report for any qualification or emphasis of matter.
The full read
Mehul Telecom's FY26 revenue hit ₹20,012 lakhs, a 73% year-on-year jump. Profit followed. It rose 71% to ₹996 lakhs, indicating the company scaled without diluting margins. Reserves and surplus more than doubled to ₹1,953 lakhs. For a nano-cap, this is a leap to a new scale, driven by its mobile phone and accessories business. The board also approved a new internal auditor and a registered-office move within Rajkot, both procedural. The numbers are the story. Whether this trajectory is repeatable or a one-off surge is now the open question.
Questions answered
- What drove Mehul Telecom's revenue growth in FY26?
- The company cited strong growth in its mobile phone and accessories business for the 73% revenue surge to ₹20,012 lakhs.
- How did profit perform relative to revenue?
- Net profit rose 71% to ₹996 lakhs, closely tracking the 73% revenue growth and indicating stable margins during the expansion.
- What is the significance of the change in reserves?
- Reserves and surplus more than doubled to ₹1,953 lakhs, meaning the company retained a large portion of its earnings and strengthened its balance sheet.
- Are the board's other approvals significant?
- The appointments of an internal auditor and a shift in registered office within Rajkot are procedural, non-material actions.
Story so far
All notes on MTL →- 25 May 2026 · 5:10 PM IST Mehul Telecom's revenue jumps 73% to ₹200 cr in FY26
- 42d ago Mehul Telecom posts 73% revenue growth. But the numbers are already out.