As per Attachment
Awaiting price reaction for this filing.
Avi Products India reported a sharp deterioration in its Q3 and nine-month FY26 results. Total income for Q3 FY26 stood at Rs. 39.28 lakhs, down sharply from Rs. 124.28 lakhs in Q3 FY25, and nine-month revenue fell to Rs. 123.10 lakhs versus Rs. 496.73 lakhs in the same period last year — a decline of roughly 75%. The company swung to a net loss of Rs. 44.25 lakhs in Q3 (vs loss of Rs. 3.09 lakhs in Q3 FY25) and a nine-month loss of Rs. 137.66 lakhs (vs profit of Rs. 3.10 lakhs in 9M FY25). EPS for 9M FY26 was negative Rs. 4.16. The E-commerce segment remained the only material contributor. The Board also accepted the resignation of Company Secretary Shanu Jain and appointed Shreyana Koyande in her place, re-appointed N K Jalan & Co as statutory auditors for a second 5-year term, and rescheduled the EGM to March 17, 2026. Statutory auditors issued an unqualified limited review report.
The steep revenue collapse and widening losses point to serious operational and demand-side challenges, which are likely negative for the stock and existing shareholders. Management changes and the auditor re-appointment are routine and do not offset the weak numbers.