Please find attached. In the earlier announcement made relating to the results the subject line was mistakenly written as "Results - Financial Results for the quarter ended on 31st December, ....
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Awaiting price reaction for this filing.
Arex Industries, a small textile labels manufacturer, submitted its corrected Q3 FY26 (quarter ended December 31, 2025) results. Revenue from operations stood at Rs. 1,298.65 lakhs in Q3 FY26, down 1.6% from Rs. 1,320.06 lakhs in Q3 FY25. For the nine-month period, revenue declined 3.2% YoY to Rs. 3,726.08 lakhs. Profit after tax fell sharply to Rs. 25.98 lakhs in Q3 FY26 from Rs. 97.73 lakhs in Q3 FY25, a 73% drop, and was also down significantly from Rs. 100.04 lakhs in the previous quarter. The nine-month PAT declined 36.6% YoY to Rs. 150.71 lakhs. The sharp profit drop was driven by a spike in employee costs (up 42% YoY in Q3) and higher depreciation. The statutory auditor (Sweta Patel & Associates) issued a clean limited review report with no qualifications.
The steep sequential and YoY fall in profits, despite only a modest revenue dip, signals significant margin pressure and rising costs — likely negative for the stock in the near term. Investors should watch for clarity on the one-time employee cost spike and the unusual depreciation in Q2 figures (Rs. 4,106.45 lakhs shown, likely a typo).