Please fins attached results for the quarter and nine months period ended on 31.12.2025
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Advance Lifestyles Limited reported unaudited results for Q3 FY26 with total revenue of Rs 10.33 lakh (up from Rs 8.81 lakh in Q2 FY26 but down from Rs 9.57 lakh in Q3 FY25) and PAT of Rs 1.69 lakh, almost flat YoY. For the nine-month period, revenue fell sharply to Rs 2.79 crore from Rs 3.60 crore in the same period last year, a decline of around 22.6%. Nine-month PAT dropped even more steeply to Rs 42.29 lakh from Rs 1.16 crore, down roughly 64% YoY. The statutory auditor (Piyush J. Shah & Co.) issued a qualified review report, flagging that the company has not recognised any impairment loss on a large inter-corporate advance of about Rs 48.38 crore given to another company whose net worth is fully eroded and which has no business operations or revenue streams. The board also approved several corporate actions including a possible company name change, addition of a new main object clause, enhanced Section 186 lending limits, and adoption of a new Memorandum of Association, all subject to shareholder approval via postal ballot.
The sharp YoY decline in both revenue and nine-month profit, combined with a qualified auditor report over a Rs 48+ crore unprovided inter-corporate advance, raises concerns about asset quality and earnings quality for shareholders. The proposed name change and shift in business objects suggest the company is exploring a possible strategic pivot, but until details are clearer, this is a negative read for retail investors.