UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED AS ON 31ST DECEMBER, 2025
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Apt Packaging Ltd reported strong Q3 FY26 results with total income of Rs. 520.23 lakhs (including other income) versus Rs. 338.34 lakhs in Q3 FY25, a year-on-year jump of roughly 54%. Net profit for the quarter surged to Rs. 45.58 lakhs from just Rs. 5.10 lakhs a year earlier, an almost 8x increase. For the 9-month period (April-December 2025), net profit stood at Rs. 52.41 lakhs versus Rs. 26.99 lakhs in the same period last year. Finance costs nearly halved to Rs. 28.99 lakhs (9M) from Rs. 47.49 lakhs, helped by the Rs. 19.65 crore preferential issue in May 2025, proceeds of which were used mainly to repay debt (Rs. 14.39 crores). However, the statutory auditor issued a Qualified Opinion flagging unprovided GST liability of Rs. 20.70 lakhs (FY20), doubtful debts of Rs. 11.45 lakhs, and unprovided leave encashment under the new Labour Code.
The headline numbers are sharply positive, but three auditor qualifications, a still-negative other equity of Rs. -10.46 crores, and reliance on preferential capital to cut debt suggest underlying balance-sheet stress. Investors should weigh the strong operational turnaround against these qualification flags.