Outcome of Board meeting held on 14.02.2026
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The board of Ashnisha Industries approved its unaudited financial results for the quarter and nine months ended 31 December 2025, along with a clean limited review report from auditor GMCA & Co. Standalone revenue from operations for Q3 FY26 jumped to Rs 258.74 lakhs from just Rs 8 lakhs in the previous quarter and Rs 68.69 lakhs a year ago, driven mainly by steel trading. Standalone profit after tax for the quarter was Rs 4.58 lakhs. For the nine-month period, standalone revenue grew about 63% year-on-year to Rs 293.24 lakhs, while profit after tax rose roughly 157% to Rs 16.35 lakhs. On a consolidated basis, nine-month revenue nearly doubled to Rs 734.24 lakhs and profit surged to Rs 23.73 lakhs versus Rs 6.70 lakhs last year, helped by software/IT trading and other income from subsidiaries. The company also allotted 16.41 crore rights equity shares in November 2025, increasing paid-up capital from Rs 10.10 crore to Rs 26.51 crore, which is why EPS remains very thin at Rs 0.002.
Sharp jump in Q3 revenue and strong nine-month profit growth on both standalone and consolidated bases are positive for shareholders, but the recent rights issue has substantially diluted the equity base, which is why EPS numbers look small despite higher absolute profits. The clean audit report and absence of any qualifications or adverse observations remove near-term concerns about reporting quality.