Considered and approved the Un-audited Standalone Financial Results for Quarter and nine months ended December 31, 2025.
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The Board of Baroda Rayon Corporation approved its unaudited standalone financial results for Q3 FY26 (quarter ended Dec 31, 2025) and the nine-month period ended Dec 31, 2025, along with the auditor's limited review report. Revenue from operations for Q3 FY26 stood at Rs 1,264 lakhs versus Rs 480 lakhs in Q3 FY25. Nine-month revenue declined to Rs 4,285 lakhs from Rs 5,960 lakhs in the same period last year. Net profit for Q3 FY26 was Rs 23.10 lakhs versus Rs 603.78 lakhs in Q3 FY25, but nine-month profit rose to Rs 1,737 lakhs from Rs 1,599 lakhs. An exceptional income of Rs 39.50 lakhs was booked from writing off sundry creditors. The textile segment remains non-operational since August 2008, with real estate being the only active business. The company has no tax liability due to accumulated losses and unabsorbed depreciation.
Sharp quarter-on-quarter drop in profits signals weak Q3 performance, though the company remains profitable. Investors should note the company's heavy dependence on real estate activity and the long-shut textile operations, which could pose concentration risk.