Earnings ·
Kandal M Venture Limited reported financial results for the fiscal year ended March 31, 2026
FMFCKandal M Venture Ltd
Kandal M Venture Limited reported financial results for the fiscal year ended March 31, 2026. Revenue decreased slightly by 0.3% to US$17,128,067 from US$17,186,677 in the prior year. Gross profit fell 3.4% to US$3,243,017 with a margin contraction of 0.6 percentage points to 18.9%. Net income increased 12.4% to US$235,625 from US$209,673, driven by reduced interest expenses offsetting lower gross profits. The company secured growth capital in June 2026 for infrastructure expansion and completed its IPO, generating net proceeds of approximately US$8 million. Kandal M Venture Limited operates as a contract manufacturer of affordable luxury leather goods with facilities in Southeast Asia.