Outcome of Board Meeting Held on January 24, 2026.
Price
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Awaiting price reaction for this filing.
Advik Capital Ltd reported deeply negative results for Q3 FY26 on a consolidated basis, with Revenue from Operations turning negative at (Rs. 282.97 lakhs) versus Rs. 1,280.39 lakhs in Q3 FY25, and Total Income at (Rs. 278.19 lakhs). The company swung to a consolidated Net Loss of Rs. 2,087.33 lakhs in Q3 FY26, compared to a profit of Rs. 734.74 lakhs in the same quarter last year, dragging the 9M FY26 net loss to Rs. 1,980.39 lakhs. The main drag was a sharp jump in Provision for Impairment on Financial Instruments to Rs. 1,876.71 lakhs in Q3 (vs Rs. 101.64 lakhs in Q2 FY26 and Rs. 319.36 lakhs in Q3 FY25), driven by NPA provisioning under prudential norms as an NBFC. Standalone results mirrored this trend with a Net Loss of Rs. 2,013.54 lakhs in Q3 FY26 (vs Rs. 103.70 lakhs loss in Q3 FY25). The Board also reconstituted its Audit, Nomination & Remuneration, and Stakeholders Relationship Committees. The auditor (KSMC & Associates) issued an unqualified limited review report with no qualifications or emphasis of matter.
Sharp deterioration in profitability and asset quality is a clear negative for shareholders — large NPA-related provisioning wiped out nearly two quarters of earnings in a single quarter, signalling stress in the loan book that could weigh on the stock price and prompt concerns about future earnings power. Investors should watch for further asset quality disclosures and recovery trends in coming quarters.