The Board has approved the Unaudited Financial Results for the Third quarter ended on 31st December, 2025 along with the Limited Review Report of the Statutory Auditors of the Company.
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Alexander Stamps And Coin Ltd reported a sharp revenue decline for Q3 FY26, with revenue from operations falling to Rs 5.92 lakhs from Rs 10.98 lakhs in the same quarter last year, a drop of about 46%. For the nine months ended December 2025, revenue stood at Rs 21.13 lakhs versus Rs 32.85 lakhs a year earlier. The company posted a loss before tax of Rs 0.47 lakhs in Q3 and Rs 0.51 lakhs for the nine-month period. The statutory auditor issued a Disclaimer of Conclusion, flagging three major concerns: unverified non-current investments of Rs 113.67 lakhs, an unprovided income tax demand of Rs 344.56 lakhs for AY 2017-18, and inventories worth Rs 1,648.18 lakhs valued using a stale May 2023 report. The auditor also highlighted a material going concern uncertainty, noting that non-moving inventories represent about 93% of total assets, while management plans to shift from an asset-heavy to an asset-light model.
This is a deeply negative filing. The auditor refused to express any conclusion on the results due to pervasive uncertainties, and the going concern flag raises serious doubts about the company's survival. Shareholders should treat this as a high-risk situation with potential write-downs, undisclosed tax liabilities, and shrinking revenues.