Result for Quarter Ended December 2025

Emphasis of matterRevenue declinedResults restatedResults View source PDF Explain this filing

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+3.1%Reaction day

₹63.03

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-0.5%+3.6% vs market

Consulting Services peers, median of 16sector-1.2%+4.3% vs sector

On the reaction day the stock moved 3.6 pts more than Nifty Microcap 250 and 4.3 pts more than its Consulting Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

+3.1-0.5+3.6-1.2+4.3

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+5.9-2.0+7.8-1.0+6.9

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UpDownMarket · Nifty Microcap 250Sector · Consulting Services peers, median of 16Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Artefact Projects Ltd reported Q3 FY26 total income of Rs. 787.41 lakhs versus Rs. 759.38 lakhs in Q3 FY25, a modest ~3.7% YoY rise, though nine-month FY26 revenue at Rs. 2,140.44 lakhs is sharply lower than Rs. 3,392.26 lakhs in 9M FY25. Net profit for Q3 FY26 stood at Rs. 167.85 lakhs (Q3 FY25: Rs. 166.97 lakhs), while 9M FY26 PAT fell to Rs. 436.64 lakhs from Rs. 743.03 lakhs a year earlier. The auditor issued an unmodified opinion but flagged an Emphasis of Matter: a change in revenue recognition policy (now based on client approval/acceptance) caused Rs. 990.57 lakhs in bills to remain unbilled, reducing reported revenue by the same amount and profit by Rs. 213.96 lakhs. Additionally, Rs. 16 lakhs invested in Akola Urban Co-operative Bank equity shares was noted as recoverable with no impairment needed. The company also raised its authorised share capital from Rs. 10 crore to Rs. 15 crore during the quarter.

Likely market impact

Quarterly PAT was broadly flat YoY, but the nine-month picture shows a meaningful drop in both revenue and profit, partly amplified by a stricter revenue recognition policy that defers income until client acceptance. The clean auditor opinion with an emphasis-of-matter note is reassuring on overall governance, though investors should watch working capital, billing cycles, and how the new revenue policy affects headline growth in coming quarters.