Unaudited financial results for quarter ended 31.12.2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
AG Ventures Limited (formerly Oriental Carbon and Chemicals) reported Q3 FY26 results after a major restructuring — the chemicals business was demerged, leaving Investments & Trading and General Engineering Products (subsidiary Duncan Engineering) as the remaining segments. On a standalone basis, revenue from operations rose to Rs. 1,110.04 lakhs from Rs. 919.89 lakhs in Q3 FY25, a growth of about 21%, while nine-month revenue jumped to Rs. 2,528.07 lakhs from Rs. 1,680.86 lakhs (~50% YoY). Consolidated revenue grew more modestly — Q3 at Rs. 3,114.40 lakhs versus Rs. 2,964.93 lakhs and 9M at Rs. 8,199.42 lakhs versus Rs. 8,044.37 lakhs. The demerger triggered a one-time exceptional loss of Rs. 37,494.57 lakhs in FY25, which weighed on prior-year reported numbers. Q3 FY26 standalone PBT was Rs. 90.24 lakhs and consolidated PBT was Rs. 227.19 lakhs. Auditor S S Kothari Mehta & Co. LLP issued a clean limited review report. Duncan Engineering also incorporated a new wholly-owned subsidiary in Saudi Arabia, which has not yet started operations.
The headline standalone revenue growth of ~20% in Q3 and ~50% over nine months is encouraging, though part of it reflects a smaller post-demerger base. The massive Rs. 37,494 lakh exceptional loss in FY25 is now in the past, so year-on-year comparisons should normalise. For shareholders, the focus shifts to whether the leaner, post-demerger AG Ventures can sustain growth in its trading and engineering businesses.