Meenakshi India announced a decline in quarterly revenue and profit, alongside a key management transition. The company reported a net profit of Rs 2.50 crore for Q2 FY27, down from Rs 3.58 crore in the prior year. Additionally, CFO Vivek Bahety has resigned, with T. Parthasarathi stepping into the role effective November 4, 2026. The company also confirmed recent equity changes, including a bonus share issue and a stock sub-division.
Meenakshi India Reports Q2 Earnings and CFO Transition
Revenue from operations reached Rs 30.66 crore for the quarter ended September 30, 2026.
Net profit stood at Rs 2.50 crore for the same period.
Reader Takeaway: Profit decline year-on-year amid management changes, partially offset by robust half-year performance and recent share capital adjustments.
What just happened
Meenakshi India has released its unaudited financial results for the quarter and half-year ended September 30, 2026. Simultaneously, the company announced a major leadership change in its finance department. Vivek Bahety has stepped down as Chief Financial Officer, with T. Parthasarathi appointed as his successor effective November 4, 2026. The company also reconstituted its Audit and Nomination and Remuneration Committees.
Why this matters
The quarterly results indicate a contraction in operations compared to the same period last year, with revenue falling to Rs 30.66 crore from Rs 63.86 crore. Investors are observing the impact of the CFO transition and committee changes as the company looks to maintain governance standards during this leadership shift.
Corporate Developments
The company recently underwent significant capital structure changes. It issued 75,00,000 bonus shares in May 2026. Furthermore, shareholders approved a share sub-division in September 2026, where equity shares with a face value of Rs 10 were split into shares with a face value of Rs 5. All Earnings Per Share (EPS) figures have been restated to align with this sub-division to ensure accurate period-over-period comparison.
Context metrics
For the half-year ended September 30, 2026, the company posted a net profit of Rs 9.63 crore, demonstrating stability over the six-month period. The basic EPS for the half-year was reported at Rs 4.28, reflecting the adjusted share capital base.