The Board of Directors of the Company at its meeting held on 12th February 2026, inter-alia has considered and transacted following business: The Board approved the Standalone and Consolidated ....
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The Board of Directors on 12 February 2026 approved the unaudited standalone and consolidated financial results for Q3 FY26 and nine months ended December 2025, along with a clean Limited Review Report from auditor Ramanand & Associates (no qualifications). Standalone revenue from operations rose about 30% year-on-year to Rs 50.58 lakhs in Q3 (nine months: Rs 151.75 lakhs vs Rs 116.71 lakhs). However, the company remained loss-making, with standalone Q3 loss after tax widening to Rs 212.30 lakhs and nine-month PAT loss deepening sharply to Rs 530.93 lakhs (vs Rs 320.69 lakhs last year). On a consolidated basis, the nine-month loss was even larger at Rs 757.51 lakhs. The company also capitalised Rs 10.17 crores spent on importing machinery under Capital Work-in-Progress during the nine months, indicating significant capex activity.
Despite healthy top-line growth in the standalone business, rising costs are squeezing the company deeper into losses, which is a negative signal for near-term shareholder returns. The auditor's clean review removes near-term compliance risk, but persistent and widening losses plus heavy capex raise questions about path to profitability.