Submission of Unaudited financial results for the Quarter ended on 31st December, 2025
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Awaiting price reaction for this filing.
Revenue from operations for Q3 FY26 came in at Rs 1,616.10 lakhs, a sharp ~317% jump from Rs 387.08 lakhs in Q3 FY25. Net profit for the quarter, however, fell to Rs 33.67 lakhs from Rs 81.81 lakhs a year ago, a ~59% YoY drop, reflecting weak margin conversion. For the nine months ended Dec 2025, revenue surged to Rs 4,147.54 lakhs (vs Rs 738.87 lakhs in 9M FY25), while net profit rose only modestly to Rs 182.43 lakhs (vs Rs 167.69 lakhs). Profit before tax margin compressed to about 5% in Q3 FY26 from around 26% in Q3 FY25, hurt by a large negative swing in inventory of stock-in-trade (Rs 954 lakh). The statutory auditor issued a limited review report with an explicit 'Emphasis of Matter' flagging pending verification of trade receivables, payables, loans and stock valuations, the absence of a GSTN, and the unusual fact that the company does not maintain a bank account in its own name.
Strong revenue growth is a positive signal, but collapsing profitability, deteriorating margins, and serious auditor flags on verification, GST registration, and the lack of a bank account in the company's name are material concerns. Shareholders should treat this filing with caution until these compliance and audit issues are resolved.