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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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.5 pts less than Nifty Microcap 250 and 1.5 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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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).