Antarctica Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
ANTGRAPHIC · price
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Awaiting price reaction for this filing.
Antarctica Limited (ANTGRAPHIC) reported Q3 FY26 revenue from operations of Rs. 2,244.11 lakhs, up 22.9% YoY. For 9M FY26, revenue grew 77.6% to Rs. 3,243.06 lakhs, and the company swung to a profit of Rs. 135.82 lakhs from a loss of Rs. 57.40 lakhs in the prior year period. EBITDA also expanded sharply from negative territory to Rs. 251.40 lakhs. However, the auditor issued a Disclaimer of Opinion citing going concern issues. The auditor stated they could not obtain sufficient evidence for sales and purchase records, inventory valuations, the fixed assets register, agreements for unsecured interest-free loans, and GST receivable confirmations, raising serious questions about the reliability of these numbers.
Despite the positive headline growth, the auditor's disclaimer of opinion and explicit going concern flag are major red flags. Shareholders should be cautious — expect sharp negative price reaction and potential regulatory scrutiny given the inability to verify basic financial records.