Statement of Deviation & Variation as on quarter ended 31st December, 2025
Price
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Awaiting price reaction for this filing.
Darjeeling Industriies Ltd (formerly Darjeeling Ropeway Company) reported strong Q3 FY26 results with revenue from operations of Rs. 255.07 lakhs, up sharply from Rs. 116.16 lakhs in the previous quarter. For the nine months ended December 2025, total income stood at Rs. 435.23 lakhs (vs Rs. 91.01 lakhs in 9M FY25), and profit after tax jumped to Rs. 162.78 lakhs (vs Rs. 15.48 lakhs in 9M FY25). The company also confirmed receiving Rs. 3,15,70,560 in total consideration from a preferential issue of 18 lakh convertible warrants at Rs. 16.80 each, with no deviation in the use of funds. Of the Rs. 236.78 lakhs allocated for working capital, Rs. 47.08 lakhs has been utilised so far, while the general corporate purpose portion remains unused. The company operates in a single segment — trading of agricultural products — and reported no investor complaints, loan defaults, or related party transactions.
Strong year-on-year revenue and profit growth signals a business turnaround, likely positive for the stock. The preferential warrant conversion has brought in fresh capital with disciplined utilisation, though actual deployment for stated purposes (working capital and general corporate) is still largely pending.