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.
On the reaction day the stock moved 2.7 pts less than Nifty Microcap 250 and 1.9 pts less than its Commodity Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
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.