{"url":"https://newsforagent.com/news/2026-11-06/mega-nirman-q2fy27-net-profit","markdown_url":"https://newsforagent.com/news/2026-11-06/mega-nirman-q2fy27-net-profit.md","title":"Mega Nirman Posts ₹2.93 Lakh Q2 Profit as Revenue Falls","headline":"Mega Nirman & Industries Swings to ₹2.93 Lakh Net Profit in Q2FY27 as Revenue Drops","description":"Mega Nirman & Industries reported a ₹2.93 lakh net profit for Q2FY27, reversing a year-earlier loss, as revenue from operations fell to ₹190.63 lakh.","section":"Earnings & Results","published_at":"2026-11-06T14:30:24+00:00","modified_at":"2026-11-06T14:30:24+00:00","author":"News Desk","key_takeaways":["Mega Nirman & Industries reported a net profit of ₹2.93 lakh for Q2FY27, compared with a loss of ₹8.36 lakh a year earlier.","Revenue from operations fell to ₹190.63 lakh from ₹456.12 lakh in Q2FY26, while other income rose to ₹40.81 lakh.","The board approved exploring green energy opportunities including green hydrogen, biofuels and solar or hybrid charging stations."],"companies":[{"name":"Mega Nirman & Industries","is_primary":true,"profile_url":"https://akta.pro/company-profiles/003otdd/mega-nirman-industries","website":"http://www.mnil.in"}],"source":{"publisher":"ScanX","title":"Mega Nirman Q2FY27 Results: Net profit turns positive to ₹2.93 lakh","url":"https://scanx.trade/stock-market-news/companies/mega-nirman-q2fy27-results-net-profit-turns-positive-2-93-lakh/55519620"},"other_sources":[],"tags":["Earnings & Results","Mega Nirman & Industries"],"body_markdown":"[Mega Nirman & Industries](https://akta.pro/company-profiles/003otdd/mega-nirman-industries) reported a net profit of ₹2.93 lakh for the quarter ended September 30, 2026, turning from a loss of ₹8.36 lakh in the same period last year. [ScanX](https://scanx.trade/stock-market-news/companies/mega-nirman-q2fy27-results-net-profit-turns-positive-2-93-lakh/55519620) said revenue from operations fell to ₹190.63 lakh from ₹456.12 lakh. The company is a BSE-listed New Delhi firm, incorporated in 1983, with a headcount range of 1-10 and an estimated revenue under $1 million, according to [company records](https://akta.pro/company-data).\n\n## Mega Nirman's Profit Swing and Revenue Decline\n\nTotal revenue including other income was ₹231.44 lakh for the quarter, against ₹464.95 lakh a year earlier. Other income of ₹40.81 lakh, up from ₹8.83 lakh, contributed to the bottom line. Total expenses fell to ₹227.53 lakh from ₹473.30 lakh, and profit before tax was ₹3.91 lakh against a loss of ₹8.36 lakh.\n\nScanX said other income exceeded profit before tax of ₹3.91 lakh by more than tenfold, and that without the non-operational income the core business would have posted a significant loss because total expenses nearly matched total revenue.\n\nCash and cash equivalents stood at ₹16.17 lakh as of September 30, 2026, down from ₹84.52 lakh as of March 31, 2026. The half-year period included purchases of property, plant and equipment worth ₹67.63 lakh and capital work-in-progress investments of ₹30.00 lakh. Net repayment of long-term borrowings was ₹54.46 lakh, and trade receivables decreased to ₹549.99 lakh from ₹660.06 lakh.\n\n## Mega Nirman Board Weighs Green Energy Entry\n\nThe board approved exploring business opportunities in the green energy sector, within the company's main objects. The scope covers research, development, manufacturing and trading of green fuels including green hydrogen, bio fuel, bio diesel and bio ethanol. The board also considered setting up solar or hybrid-based charging stations on an owned or leased basis, potentially through partnerships or joint ventures.\n\n## Mega Nirman's EV Charging and Battery Moves\n\nAccording to akta.pro company records, Mega Nirman launched the MegaCharge brand offering EV charging infrastructure for homes, workplaces, commercial spaces and public locations as a recurring-revenue smart charging ecosystem. The company also launched EV scooters and a lithium battery product line featuring a proprietary Battery Management System and Vehicle Management System with GPS tracking and intelligent diagnostics. The records describe a pivot from legacy construction and mining operations toward sustainable infrastructure and integrated smart city development.\n\n## Earlier Mega Nirman Earnings and Board Changes\n\nIn August 2026, ScanX reported that Mega Nirman shareholders rejected the reappointment of Executive Director Ramanuj Murlinarayan Darak at the 43rd AGM on August 25, 2026, with 99.96% of votes against. ScanX also reported a net profit of ₹2.85 lacs for Q1FY26, driven by operational revenue of ₹239.99 lacs. In July 2026, ScanX reported that the company elevated Ankan Gupta to Chairman cum Managing Director for a five-year term effective July 23, 2026.\n\n## What Comes Next for Mega Nirman\n\nThe company said it will fill the casual vacancy left by Secretarial Auditor Chandan Jha, who resigned effective October 7, 2026, under Regulation 24A of the Listing Regulations and will intimate the stock exchanges about the appointment in due course.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}