Financial Results for the quarter and nine months ended December 31, 2025.
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Apis India Ltd reported standalone revenue from operations of Rs. 10,951.31 lakhs for Q3 FY26, up about 18% from Rs. 9,267.86 lakhs in Q3 FY25. For the nine months ended December 31, 2025, standalone revenue rose to Rs. 29,261.94 lakhs versus Rs. 26,018.76 lakhs last year. Standalone profit after tax for Q3 came in at Rs. 598.12 lakhs (up ~21% YoY) and for nine months at Rs. 1,713.31 lakhs (up ~21% YoY). The company recently allotted bonus shares in a 24:1 ratio on December 8, 2025, raising paid-up share capital to Rs. 137.75 crore. On a consolidated basis, 9-month PAT dipped to Rs. 1,497.32 lakhs (from Rs. 1,720.95 lakhs) because the share of profit from an associate turned into a loss of Rs. 215.79 lakhs. Statutory auditor GAMS & Associates LLP issued an unmodified limited review report with no qualifications.
Operational performance on a standalone basis remains healthy with double-digit revenue and profit growth, and the 24:1 bonus issue significantly expands the share base and retail accessibility. Investors should watch the swing in associate company earnings, which dragged consolidated profits lower despite strong standalone results.