Submission of Unaudited Financial Results alongwith Limited Review Report for quarter ended 31st December 2025
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Avance Technologies reported strong Q3 standalone revenue of ₹2550.39 lakhs, up 26.5% year-over-year from ₹2016.70 lakhs. Standalone profit after tax surged to ₹89.58 lakhs from just ₹10.95 lakhs in Q3 FY24. However, on a consolidated basis, the 9-month profit declined sharply to ₹286.38 lakhs from ₹666.48 lakhs in the previous year, a 57% drop. The auditor issued an unqualified limited review report with no concerns raised. The company disclosed that results were approved by the board on 13th February 2026 but the Limited Review Report could only be submitted now due to the critical medical condition of the Statutory Auditor. No tax provision has been made for the 9-month period.
The delayed filing (February to May 2026) and the sharp 57% decline in consolidated 9-month profit are concerning signals for investors. Strong Q3 standalone performance may be offset by subsidiary-level losses or high cost of goods sold.