Financial Results for Quarter Ended 31/12/2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.1 pts less than Nifty Microcap 250 and 4.5 pts less than its Investment Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Banas Finance Ltd reported a sharp deterioration in Q3 FY26 with a standalone net loss of Rs 4,049.99 lakhs versus a profit of Rs 933.28 lakhs in the previous quarter (Q2 FY26) and a loss of Rs 25.67 lakhs in Q3 FY25. The swing to loss was mainly driven by a Rs 3,927.65 lakh 'Net loss on fair value changes on investment,' along with Rs 514.44 lakhs in bad debts during the quarter. Total income fell to Rs 1,554.76 lakhs from Rs 3,064.59 lakhs in Q3 FY25, a roughly 49% year-on-year decline. On a consolidated basis, the company posted a net loss of Rs 4,041.51 lakhs (after a small Rs 8.47 lakh share of profit from associate Tilak Ventures). For the nine months ended December 2025, the standalone net loss stood at Rs 2,161.32 lakhs against Rs 1,785.53 lakhs in the same period last year. EPS for the quarter was negative Rs 4.52 on a standalone basis.
This is a deeply negative print — large mark-to-market investment losses and a sharp revenue drop have wiped out the previous quarter's profit and deepened the company's losses. Shareholders should expect negative sentiment on the stock and weaker book value, though the auditor's review report is clean (unmodified).