Akshar Spintex Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
AKSHAR · price
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Akshar Spintex Limited reported Q3 FY26 revenue from operations of Rs. 3,435.12 lakhs, up roughly 32% from Rs. 2,597.41 lakhs in Q3 FY25, driven by stock-in-trade purchases. However, nine-month revenue slipped about 3.8% YoY to Rs. 8,288.10 lakhs from Rs. 8,618.56 lakhs. The company posted a net loss of Rs. 379.50 lakhs for the quarter, deepening from Rs. 196.82 lakhs in the previous quarter. The nine-month loss widened sharply to Rs. 699.97 lakhs from Rs. 330.55 lakhs a year ago, more than doubling. Paid-up equity share capital jumped from Rs. 2,999.88 lakhs (March 2025) to Rs. 7,556.76 lakhs, indicating a bonus or rights issue during the year. The auditor flagged an inability to verify fixed assets and inventory quantities as a limitation in the review report.
Losses are widening despite sequential revenue recovery, signalling severe cost pressure and weak pricing power for shareholders. The auditor's inability to confirm physical fixed assets and inventory is a governance red flag, and the equity dilution further pressures existing shareholders.