Meesho Limited — quarter and year ended March 31, 2026 (audited; reporting date May 06, 2026)
| Particulars | Quarter ended March 31, 2026 (Audited) (Refer note 2) | Quarter ended December 31, 2025 (Unaudited) | Quarter ended March 31, 2025 (Unaudited) (Refer note 2) | Year Ended March 31, 2026 (Audited) | Year Ended March 31, 2025 (Audited) |
|---|---|---|---|---|---|
| I. Income | |||||
| Revenue from operations | 35,312.12 | 35,175.98 | 23,999.75 | 1,26,263.48 | 93,899.03 |
| Other income | 1,157.70 | 788.16 | 1,266.43 | 4,727.13 | 5,109.98 |
| Total income | 36,469.82 | 35,964.14 | 25,266.18 | 1,30,990.61 | 99,009.01 |
| II. Expenses | |||||
| Employee benefits expense | 2,319.83 | 2,351.73 | 2,398.71 | 9,121.96 | 8,481.81 |
| Finance costs | 23.78 | 38.92 | 14.93 | 89.63 | 68.95 |
| Depreciation and amortisation expense | 186.33 | 109.16 | 45.18 | 468.21 | 340.27 |
| Other expenses | 35,540.73 | 38,213.16 | 23,909.48 | 1,31,992.63 | 91,202.27 |
| Total expenses | 38,070.67 | 40,712.97 | 26,368.30 | 1,41,672.43 | 1,00,093.30 |
| III. (Loss)/profit before exceptional items and tax (I – II) | (1,600.85) | (4,748.83) | (1,102.12) | (10,681.82) | (1,084.29) |
| IV Exceptional items (Refer Note 5) | (37.10) | (12,847.18) | (1,410.91) | (13,464.34) | |
| V (Loss)/profit before tax (III + IV) | (1,600.85) | (4,785.93) | (13,949.30) | (12,092.73) | (14,548.63) |
| VI Tax expense | |||||
| Current tax | 62.60 | 144.85 | -35.49 | 786.39 | 24,868.42 |
| Current tax on account of business combination (Refer note 3) | – | (24.03) | – | 698.26 | – |
| Deferred tax | – | – | – | – | – |
| Total tax expense | 62.60 | 120.82 | (35.49) | 1,484.65 | 24,868.42 |
| VII (Loss)/profit for the period/year (V – VI) | (1,663.45) | (4,906.75) | (13,913.81) | (13,577.38) | (39,417.05) |
| VIII Other comprehensive (loss)/income | |||||
| Items that will not be reclassified subsequently to profit or loss: | |||||
| – Re-measurement (loss)/gains on defined employee benefit plans | (28.34) | (16.55) | (32.46) | (28.13) | (28.89) |
| – Income tax effect on above | – | – | – | – | – |
| Items that will be reclassified subsequently to profit or loss: | |||||
| – Exchange differences on translating the financial statements of foreign operations | – | (1.56) | 14.98 | (1.50) | (12.12) |
| – Exchange differences relating to disposal of a foreign subsidiary | – | – | – | – | 4.45 |
| – Income tax on above | – | – | – | – | – |
| Other comprehensive (loss)/income for the period/year (net of tax) | (28.34) | (18.11) | (17.48) | (29.63) | (36.55) |
| IX Total comprehensive (loss)/income for the period/year (net of tax) (VII + VIII) | (1,691.79) | (4,924.86) | (13,931.29) | (13,607.01) | (39,453.60) |
| X (Loss)/ profit for the period/year attributable to: | |||||
| Owners of the Parent | (1,663.45) | (4,906.75) | (13,913.81) | (13,577.38) | (39,417.05) |
| XI Other comprehensive (loss) / income attributable to | |||||
| Owners of the Parent | (28.34) | (18.11) | (17.48) | (29.63) | (36.55) |
| XII Total comprehensive (loss) / income for the period/year attributable to Owners of the Parent | (1,691.79) | (4,924.86) | (13,931.29) | (13,607.01) | (39,453.60) |
| March 31, 2026 | December 31, 2025 | March 31, 2025 | March 31, 2026 | March 31, 2025 | |
|---|---|---|---|---|---|
| a) Basic | (0.36) | (1.14) | (3.39) | (3.11) | (9.98) |
| b) Diluted | (0.36) | (1.14) | (3.39) | (3.11) | (9.98) |
| Particulars | March 31, 2026 | December 31, 2025 | March 31, 2025 |
|---|---|---|---|
| Paid up share capital (Face value of Re 1 each fully paid) (Refer note 4(a)) | 4,564.06 | 4,513.13 | 2.72 |
| Instruments entirely equity in nature (Refer note 3 and 4(a)) | – | – | – |
| Share pending issuance (Refer note 3) | – | – | 3,977.38 |
| Other equity | 39,299.66 |
| Particulars | As at March 31, 2026 (Audited) | As at March 31, 2025 (Audited) |
|---|---|---|
| ASSETS | ||
| Non-current assets | ||
| Property, plant and equipment | 777.29 | 516.49 |
| Intangible assets | 689.05 | 431 |
| Right-of-use assets | 480.16 | 436.95 |
| Financial assets | ||
| Investments | 2,586.05 | – |
| Other financial assets | 18,584.25 | 2,647.26 |
| Income tax assets (net) | 2,234.36 | 782.55 |
| Total non-current assets | 25,351.16 | 4,387.56 |
| Current assets | ||
| Financial assets | ||
| Investments | 9,517.81 | 49,834.19 |
| Trade receivables | 61.33 | 4.59 |
| Cash and cash equivalents | 6,203.72 | 1,470.58 |
| Bank balances other than cash and cash equivalents | 12,727.59 | 2,313.31 |
| Loans | 55.52 | 33.15 |
| Other financial assets | 24,504.00 | 13,663.75 |
| Other current assets | 646.33 | 553.74 |
| Total current assets | 53,716.30 | 67,873.31 |
| Total assets | 79,067.46 | 72,260.87 |
| EQUITY AND LIABILITIES | ||
| Equity | ||
| Equity share capital | 4,564.66 | 272 |
| Instruments entirely equity in nature | – | – |
| Share pending issuance | – | 3,977.38 |
| Other equity | 39,299.66 | 10,475.08 |
| Total equity | 43,863.72 | 14,455.18 |
| Liabilities | ||
| Non-current liabilities | ||
| Financial liabilities | ||
| Lease liabilities | 347.56 | 424.08 |
| Provisions | 278.87 | 212.02 |
| Total non-current liabilities | 626.43 | 636.10 |
| Current liabilities | ||
| Financial liabilities | ||
| Lease liabilities | 278.73 | 158.58 |
| Trade payables | ||
| Total outstanding dues of micro enterprises and small enterprises | 1,180.77 | 1,322.93 |
| Total outstanding dues of creditors other than micro enterprises and small enterprises | 14,516.57 | 9,387.02 |
| Other financial liabilities | 13,869.28 | 12,818.19 |
| Other current liabilities | 4,598.13 | 8,503.00 |
| Provision for tax | 24,868.42 | |
| Provisions | 133.83 | 111.45 |
| Total current liabilities | 34,577.31 | 57,169.59 |
| Total liabilities | 35,203.74 | 57,805.69 |
| Total equity and liabilities | 79,067.46 | 72,260.87 |
| Particulars | For the year ended March 31, 2026 (Audited) | For the year ended March 31, 2025 (Audited) |
|---|---|---|
| Cash flows from operating activities | ||
| Loss before tax | (12,092.73) | (14,548.63) |
| Adjustments to reconcile loss before tax to net cash flows | ||
| Depreciation and amortisation expense | 468.21 | 340.27 |
| Expected credit losses on financial guarantee | 59.35 | 10.58 |
| Impairment allowance for doubtful receivables | 390.80 | 389.97 |
| Gain on liquidation of subsidiary | – | – |
| Bad debts written off | 340.41 | 91.58 |
| Exchange differences relating to disposal of a foreign subsidiary | (55.10) | (4.46) |
| Net (gain)/loss on disposal of property, plant and equipment | (0.19) | 0.07 |
| Fair value gain on derivative instruments at fair value through profit or loss | (473.63) | (301.29) |
| Liabilities/provisions no longer required, written back | (439.66) | (289.13) |
| Gain on sale of current investments (net) | (1,303.45) | (643.06) |
| Fair value gain on investments at fair value through profit and loss | (157.28) | (1,156.05) |
| Finance costs | 89.63 | 68.95 |
| Interest income | ||
| – on bank deposits, bonds, certificate of deposits and commercial papers | (2,163.26) | (2,599.57) |
| – on security deposits | (6.79) | (4.48) |
| Interest on income tax refund | (0.13) | (11.61) |
| Employee share based payment expense (including exceptional items other than perquisite tax) | 1,822.71 | 8,645.03 |
| Operating loss before working capital changes | (13,521.11) | (10,011.83) |
| Movement in working capital: | ||
| (Increase) in trade receivables | (56.74) | (150.12) |
| (Increase) in loans | (22.37) | (13.46) |
| Decrease/(increase) in other financial assets | 423.13 | (1,541.46) |
| (Increase)/decrease in other assets | (98.41) | 1,781.78 |
| Increase in trade payables | 5,233.19 | 1,970.03 |
| Increase in other financial liabilities | 937.46 | 5,836.56 |
| (Decrease)/increase in other liabilities and provisions | (3,843.76) | 7,925.43 |
| Cash flows (used in)/ from operating activities | (10,948.61) | 5,759.93 |
| Income taxes paid (net of refund) (refer note 3(i)) | (27,804.75) | (365.23) |
| Net cash flows (used in) / from operating activities (A) | (38,753.36) | 5,393.70 |
| Cash flows from investing activities | ||
| Purchase of property, plant and equipment, intangible assets and intangible assets under development (including capital advances and payable towards capital goods) | (1,010.40) | (228.97) |
| Proceeds from sale of property, plant and equipment | 5.17 | – |
| Purchase of investments | (2,58,065.24) | (1,70,777.37) |
| Proceeds from sale of investments | 2,97,461.31 | 1,30,220.67 |
| Investment in fixed deposits | (56,790.58) | (5,070.72) |
| Redemption of fixed deposits | 19,164.15 | 16,479.50 |
| Interest received | 1,708.30 | 3,044.39 |
| Net cash flows from / (used in) investing activities (B) | 2,472.71 | (26,352.50) |
| Cash flows from financing activities | ||
| Proceeds from issue of share capital (including securities premium) | 42,505.56 | 22,965.74 |
| Payment of share issue expenses | (1,257.62) | (1.13) |
| Cancellation and settlement of employee stock options | – | (1,716.24) |
| Payment of principal portion of lease liabilities | (182.74) | (140.05) |
| Payment of interest portion of lease liabilities | (50.76) | (55.74) |