Q3 FY26 results: revenue up, losses narrow, CFO change announced
ASTEC · price
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On the reaction day the stock moved 4.0 pts more than Nifty Microcap 250 and 3.1 pts more than its Pesticides & Agrochemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Board approved Q3 FY26 standalone revenue of Rs 124.72 cr, up about 33% YoY from Rs 93.86 cr, with 9M revenue at Rs 289.52 cr. Net loss narrowed to Rs 15.72 cr from Rs 24.45 cr QoQ and Rs 40.40 cr YoY. Operating margin turned positive at 1.52% against minus 9.06% in Q2. Exceptional item of Rs 2.09 cr booked for new Labour Code impact. CFO Mugdha Khare resigning March 6, 2026; Deepak Ochani, a chartered accountant with Godrej Agrovet experience, named new CFO from April 1, 2026. Auditor BSR gave unmodified limited review.
Revenue growth and sharp loss narrowing are positives but company still in red. CFO transition may cause short-term uncertainty; no operational concerns flagged.