Mehul Telecom H1 Revenue Grows to Rs 108.89 Crore

Revenue rose to Rs 108.89 crore from Rs 93.78 crore in the year-ago period, while net profit hit Rs 5.55 crore.

Reader Takeaway: Revenue growth signals operational health, though investors must track the deployment of the remaining Rs 10.59 crore IPO funds.

What just happened

Mehul Telecom Ltd released its unaudited financial results for the half-year ended September 30, 2026. The company recorded a healthy increase in top-line growth, with revenue from operations reaching Rs 108.89 crore. Profit before tax (PBT) improved to Rs 7.51 crore, up from Rs 6.41 crore in the corresponding period of the previous year.

Why this matters

The steady increase in profitability highlights the company's ability to scale within the mobile phones and accessories market. While the net profit increased, the Basic EPS stood at Rs 5.31, down from Rs 6.26 in the previous corresponding period, primarily due to an expansion in the company's equity capital base during the year.

IPO Proceeds Utilization

As of September 30, 2026, the company has utilised Rs 14.37 crore of its IPO proceeds, mainly for working capital requirements. A balance of Rs 10.59 crore remains unutilised and has been placed in fixed deposits with a scheduled commercial bank. The management has confirmed there is no deviation from the objects stated in the IPO prospectus.

Financial Health

• Cash and cash equivalents stood at Rs 11.87 crore as of September 30, 2026.
• Share capital expanded to Rs 10.45 crore compared to Rs 7.62 crore at the end of March 2026.
• Net cash used in operating activities was Rs 16.30 crore, while financing activities generated Rs 25.91 crore.

What to track next

Investors should monitor the efficient deployment of the remaining IPO funds and whether the company can sustain its current growth trajectory in the competitive mobile accessories sector.