Maximus International Limited posted a steady performance for FY 2025-26, with consolidated revenue rising 18% to Rs 184.81 crore. The company reported a net profit of Rs 9.30 crore, marking a 2.2% increase over the previous year. Management outlined aggressive growth plans, including commissioning a new grease manufacturing facility in Kenya by Q3 FY 2026-27 and entering the Tanzanian market. Shareholders will also vote on material related party transactions and board appointments at the upcoming AGM, while a change in statutory auditors follows a disagreement over fee structures.
Maximus International FY 2025-26 Results and Expansion Plans
Revenue grew 18% to Rs 184.81 crore; Net Profit reached Rs 9.30 crore.
Reader Takeaway: Strong top-line growth is supported by African expansion, though audit fee disagreements warrant investor monitoring.
What just happened
Maximus International has released its FY 2025-26 Annual Report, showcasing a 17.8% jump in consolidated revenue to Rs 184.81 crore. Profit before tax rose 7% to Rs 11.06 crore, while net profit saw a modest 2.2% increase to Rs 9.30 crore. Alongside these figures, the company announced significant board-level transitions and a change in statutory auditors.
Why this matters
The company is scaling its footprint in Middle Eastern and African markets. Management confirmed a strategic pivot toward manufacturing capacity enhancements in the UAE and Kenya. The planned commissioning of a grease manufacturing unit in Kenya by Q3 FY 2026-27 is a key growth lever. Furthermore, entry into the Tanzanian market signals an intent to deepen its East African distribution network.
Governance and Board Updates
The company is navigating leadership changes, including the re-appointment of Managing Director Dipak Raval for a five-year term. Notably, the firm has appointed M/s. Ambalal M. Shah & Co. as new statutory auditors following the resignation of M/s. Shah Mehta and Bakshi, which the company attributed to disagreements over audit fee increases. Shareholder approval is also being sought for material related party transactions involving entities such as Maximus Lubricants LLC and Quantum Lubricants (E.A.) Limited for the next two fiscal years.
What to track next
Investors should monitor the outcome of the shareholder vote on related party transactions at the upcoming AGM. Additionally, progress on the Kenya facility commissioning remains a critical indicator of the company's ability to execute its regional expansion strategy.