Mukand posts higher Q1 profit boosted by land sale

Mukand Limited reported consolidated profit after tax of INR 29.03 crore for Q1 FY26, up from INR 24.28 crore a year earlier and INR 10.90 crore in the previous quarter.

The results include the impact of a land parcel sale for approximately INR 673 crore, with an advance of INR 110 crore received. Standalone profit was INR 33.82 crore.

The company completed a demerger of its Stainless Steel Cold Finished Bars and Wires business, approved by NCLT and effective from April 1, 2024.