Synopsis:
Mirza International stock jumped by 17% on Monday after the company reported a staggering increase of 2,674% in its net profit in its latest quarter of this financial year.
The shares of this leading manufacturer & exporter of finished leather, Footwear, and trader of footwear and apparel and allied products are in focus after reporting a strong net profit. In this article, we will dive deep into the details.
With a market capitalization of Rs 512 crore, the shares of Mirza International Ltd are currently trading at Rs 37 per share, down by 23 percent from its 52-week high of Rs 48 per share. Over the past five years, the stock has delivered a negative return of 26 percent.
Q1 Highlights
Mirza International reported a revenue of Rs 142 crore in Q1 FY26, down by 1.4 percent from its Q1 FY25 revenue of Rs 144 crore. However, on a QoQ basis, its revenue climbed 16.4 percent from Rs 122 crore.
The company derived most of its revenue from the footwear segment, which contributed Rs 121.34 crore in Q1 FY26, marking a 2 percent decline from Rs 123.73 crore in Q1 FY25. In contrast, the tannery business saw strong growth, with revenue rising 25 percent to Rs 46 crore from Rs 36.67 crore a year ago.
Coming to its profitability, the company reported a net profit growth of 2,674 percent to Rs 17.80 crore in Q1 FY26 from Rs 64.19 lakh in Q1 FY25. It also reported a net loss of Rs 4 crore in its previous quarter.
However, it is to be noted that the company’s profit spiked mainly due to an exceptional item worth Rs 19 crore; otherwise, its operating profit grew by only 18 percent to Rs 13 crore from 11 crore during the same period.
Mirza International Limited specializes in making, selling, and exporting leather footwear and finished leather goods, both in India and around the globe, including markets in the UK and the US. The company operates through two main divisions: Footwear and Tannery.
They offer a diverse selection of casual, formal, and handcrafted leather shoes and boots suitable for all ages. Their products are marketed under well-known brands like Thomas Crick, Off The Hook London, and Oaktrak, and are available through retail stores, third-party retailers, and online platforms, primarily targeting professionals and mobile executives.
Written by Satyajeet Mukherjee
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
