Compliance under Regulation 47 of the SEBI (LODR) Regulations, 2015
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Brady & Morris Engineering Company has submitted the newspaper publication of its unaudited financial results for the quarter and nine months ended December 31, 2025, as required under SEBI LODR Regulation 47. For Q3FY26, revenue from operations rose to ₹2,357.30 lakhs (up ~19% from ₹1,984.61 lakhs in Q3FY25), while profit after tax came in at ₹218.84 lakhs (up ~3% from ₹211.68 lakhs), translating to an EPS of ₹9.73. However, on a 9-month basis, revenue fell to ₹5,749.68 lakhs (from ₹6,405.36 lakhs) and PAT dropped sharply to ₹420.35 lakhs (from ₹695.85 lakhs), with EPS halving to ₹18.68 from ₹30.93. The company has flagged a material going-concern uncertainty, citing accumulated losses, delays in paying advance tax (only filed the return in December), and the prior-year sale of its entire Afcons Infrastructure stake to repay debenture holders. The holding company (Goswami Infratech) has expressed intent (not a formal commitment) to provide financial support, while Cyrus Investments has offered credit support by pledging Tata Sons shares as third-party collateral. The statutory auditors have reviewed the results and given an unmodified conclusion.
The going-concern flag is a significant red flag for shareholders, indicating management itself sees material doubt about the company's near-term viability without continued holding-company support. While Q3FY26 shows a modest sequential recovery in profit, the steep 9-month decline, the depleted reserves following the Afcons stake sale, and the lack of a formal financial commitment from the parent are likely to weigh on investor sentiment and the stock price.