Mukka Proteins jumped 12.06 per cent to Rs 28.25 on Thursday after the company announced that its joint venture with Hardik Gowda and MS Jathin Infra has secured a Rs 474.89 crore solid-waste management contract from Bengaluru Solid Waste Management Ltd (BSWML).
In an exchange filing, the company said the order—received on 3 December 2025—pertains to the treatment and disposal of legacy leachate accumulated at the Mittaganahalli and Kannur landfill sites. The project will be executed over four years, or until the complete disposal of the accumulated leachate, whichever comes earlier.
No related-party involvement
The company clarified that neither its promoters nor its promoter group have any interest in BSWML, and the mandate does not qualify as a related-party transaction under regulatory norms.
Growing exporter in limelight
Mukka Proteins, a key player in India’s fish protein and fish oil segment, exports to more than 20 countries, including China, Bahrain, Bangladesh, Indonesia, Malaysia, Saudi Arabia, South Korea and Vietnam. The BSWML contract marks a significant move into the environmental-solutions space, expanding the company’s footprint beyond its traditional operations.
Mukka Proteins quarterly performance supports sentiment
The rally also follows a stellar quarterly performance. For Q2 FY26, the company reported a 182.21 per cent jump in consolidated net profit to Rs 5.87 crore, against Rs 2.08 crore in Q2 FY25. Revenue from operations increased 63.93 per cent year-on-year to Rs 244.58 crore for the quarter ended 30 September 2025.
With a large contract win and solid earnings momentum, analysts expect the stock to remain in focus in the near term.
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