In compliance with Regulation 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that the Board of Directors at their meeting held ....
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Artson Ltd (a Tata Projects subsidiary) reported a weak set of numbers for Q3 FY26. Revenue from operations grew sharply to ₹3,196.38 lakhs from ₹1,780.51 lakhs a year ago (up about 80%), but total expenses ballooned to ₹4,889.78 lakhs, pushing the company to a pre-tax loss of ₹1,691.49 lakhs versus a profit of ₹885.58 lakhs in Q3 FY25. Loss after tax stood at ₹1,222.05 lakhs (EPS of negative ₹3.31) compared to a profit of ₹637.82 lakhs last year. The company took a ₹524.80 lakh provision for long-outstanding receivables, a ₹61.44 lakh one-time gratuity charge due to the new labour code, and absorbed a ₹435.68 lakh revenue hit from reassessment of old claims. The auditor (Price Waterhouse & Co) issued an unmodified limited review opinion, but management flagged significant accumulated losses and performed an explicit going-concern review, relying on a letter of support from parent Tata Projects.
Sharp deterioration in profitability despite strong topline growth — the stock may face pressure as the company is loss-making and depends on its parent for financial support. Investors should watch order execution, receivables recovery, and whether Tata Projects continues to backstop operations.