Outcome of the Board Meeting Held on 12th February 2026
Price
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Awaiting price reaction for this filing.
Competent Automobiles (an authorised Maruti Suzuki dealer) reported Q3 FY26 standalone revenue from operations of ₹75,945 lacs, up ~9.3% YoY from ₹69,457 lacs. Standalone Q3 PAT jumped ~67.7% to ₹789 lacs (vs ₹471 lacs), with EPS of ₹12.84 (vs ₹7.66). For the 9-month period, standalone revenue rose ~3.7% to ₹1,68,215 lacs while PAT grew modestly to ₹1,434 lacs. On a consolidated basis (includes Competent Kashmir Automobiles subsidiary), 9M revenue was ₹1,81,365 lacs but PAT fell ~15.5% to ₹1,191 lacs, indicating margin pressure at the subsidiary level. The Showroom segment (vehicle sales) drove growth while Service & Spares remained steady. The company disclosed that its Bahadurgarh stockyard was flooded in September 2025 due to heavy rain and drain breakage, damaging parked vehicles; the company is fully insured and pursuing claims. Auditor Dinesh Mehta & Co. issued an unqualified limited review report on both standalone and consolidated results. Previous period figures were restated/regrouped as per Ind AS to ensure comparability.
Strong Q3 standalone profit growth and margin expansion are positives for shareholders, though consolidated 9M profit decline signals weakness in the subsidiary. The Bahadurgarh flood event is a known risk, but insurance coverage limits the financial hit; clarity on the eventual insurance recovery could be a near-term catalyst or overhang.