One of the micro-cap stocks engaged in dealing in electronic items and trading activities, particularly in LED lighting products and IT solutions. The stock is in focus after reporting a 2,116.67 percent YOY increase in net profit and an 848.76 percent YOY increase in revenue.
Stock Price Movement
With a market capitalization of Rs. 825.94 crores, the shares of Mehai Technology Limited’s stock plunged by 2 percent, reaching a lower circuit of Rs. 278 per share on Monday, down from its previous closing price of Rs. 283.65 per share.
Q3 FY25 Result Walkthrough
Coming into the quarterly results of Mehai Technology Limited, the company’s consolidated revenue from operations increased by 848.76 percent YOY, from Rs. 4.82 crore in Q3 FY24 to Rs. 45.73 crore in Q3 FY25, and grew by 349.66 percent QoQ from Rs. 10.17 crore in Q2 FY25.
Further, the company’s EBIDT has increased by 1,963.16 percent, from Rs. 0.38 crore in Q3 FY24 to Rs. 7.84 crore in Q3 FY25.
In Q3 FY25, Mehai Technology Limited’s consolidated net profit increased by 2,116.67 percent YOY, reaching Rs. 5.32 crore compared to Rs. 0.24 crore during the same period last year. As compared to Q2 FY25, the net profit has increased by 565 percent, from Rs. 0.80 crore.
The basic earnings per share increased by 1,178.57 percent and stood at Rs 1.79 as against Rs 0.14 recorded in the same quarter in the previous year 2024.
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Business Segments
Mehai Technology operates in two primary sectors: the retail and trading of electronic products, as well as a wider scope of trading activities connected to electronics. The company aims to broaden its market reach while tackling challenges tied to its financial performance.
Product and Service Offerings
Mehai Technology Limited provides an extensive selection of products, such as refrigerators, air conditioners, coolers, televisions, washing machines, and mobile phones. In addition, the company delivers IT and business services, along with technology solutions, to meet the changing demands of both consumers and businesses.
Written By – Nikhil Naik
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