Announced Wed, 11 Feb · 15:45 IST

As per enclosed file.

Revenue Growth 20pctRevenue DeclineDebt Equity ThresholdResults View source PDF

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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AI summary

Agarwal Fortune India (formerly Devki Leasing and Finance) reported Q3 FY26 revenue from operations of Rs. 77.06 lakhs, a sharp drop from Rs. 228.80 lakhs in the previous quarter. On a year-on-year basis, Q3 revenue grew strongly from Rs. 43.68 lakhs in Q3 FY25. For the nine months ended December 2025, total income rose to Rs. 520.41 lakhs versus Rs. 215.56 lakhs in 9M FY25 — a roughly 141% jump. Profit after tax for the quarter was a thin Rs. 0.70 lakhs (vs Rs. 1.05 lakhs in Q2 FY26 and Rs. 3.84 lakhs in Q3 FY25), with 9M FY26 PAT at Rs. 4.94 lakhs. The auditor (M/s Jethani & Associates) issued a clean, unmodified review report. The company continues to operate in a single segment — trading of glasses and allied items.

Likely market impact

Short-term shareholders may be disappointed by the steep sequential revenue fall and very thin profits, but strong 9M YoY growth is a positive. Caution is warranted: other equity remains deeply negative at Rs. -272.72 lakhs, total equity is only Rs. 70.82 lakhs, and current borrowings have jumped to Rs. 199.81 lakhs (from Rs. 123.84 lakhs in March 2025), implying a high debt-to-equity ratio and continued reliance on debt to fund an eroded balance sheet.