Mindteck (India) Limited announced its unaudited financial results for the third quarter and nine months ended December 31, 2025. The company's consolidated revenue for the quarter stood at ₹100.46 crore, a slight decrease from ₹101.63 crore in the previous quarter and ₹104.02 crore in the corresponding quarter of the prior year. Consolidated net profit for the quarter was ₹5.05 crore, down from ₹7.56 crore in the previous quarter and ₹7.93 crore in the same quarter last year. For the nine months ended December 31, 2025, consolidated revenue was ₹303.39 crore, compared to ₹320.40 crore for the same period in FY2024. The consolidated net profit for the nine-month period stood at ₹21.36 crore, marginally lower than ₹21.88 crore in the previous year. Basic EPS for the nine months was ₹6.68 per share, down from ₹6.90 per share. On a standalone basis, revenue for the quarter was ₹38.43 crore, compared to ₹39.15 crore in the previous quarter and ₹35.87 crore in the year-ago quarter. Standalone net profit for the quarter was ₹2.17 crore, a significant drop from ₹5.38 crore in the previous quarter and ₹3.29 crore in the corresponding quarter of FY2024. Year-to-date standalone revenue was ₹112.73 crore, down from ₹116.48 crore, while profit increased to ₹12.21 crore from ₹11.56 crore. Basic EPS for the nine months on a standalone basis was ₹3.82 per share, up from ₹3.63 per share. The Chairman, Mr. Javed Gaya, attributed the lower-than-expected revenue to a transitional phase in the leadership team, noting that disruptions were inevitable but have strengthened the company's foundation. He emphasized the company's dedication to boosting profitability and operational excellence through cost-cutting initiatives, efficiency enhancements, and optimization of resource allocation, while prioritizing higher-margin revenue channels. In a significant development, Mindteck also announced the appointment of Mr. Karim Dhanani as the Chief Executive Officer of the company, in addition to his current role as CEO of Mindteck, Inc. Mr. Dhanani brings over 30 years of experience in the Banking, Financial Services, and Insurance (BFSI) industry. The appointment is effective February 6, 2026.
