Approval OF the Unaudited Standalone & Consolidated financial result for the Quarter ended 31st December, 2025 alongwith the Limited Review Report
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The board approved unaudited standalone and consolidated results for Q3 FY26 (quarter ended 31 December 2025), along with a clean limited review report from statutory auditor Mittal & Associates (no qualifications). On a standalone basis, revenue from operations fell sharply to Rs. 4,081.22 lakhs (down from Rs. 6,201.78 lakhs in Q3 FY25, a ~34% decline), and the company swung to a loss before tax of Rs. 308.95 lakhs versus a profit of Rs. 28.83 lakhs a year ago. For the nine-month period, standalone revenue dropped to Rs. 14,525.91 lakhs (from Rs. 21,637.64 lakhs) with a loss before tax of Rs. 626.27 lakhs. Consolidated results showed a similar trend, with Q3 revenue at Rs. 4,558.87 lakhs and a loss before tax of Rs. 315.79 lakhs. The board also approved an increase in remuneration to Rs. 12 lakhs per annum for Ms. Mussarrat Asif Purkait, a promoter relative, under Section 188 of the Companies Act.
Sharp year-on-year revenue compression and a swing to losses across both standalone and consolidated results signal continued pressure on the freight services business, which is negative for near-term earnings and sentiment. The related-party remuneration hike for a promoter relative is a governance point shareholders should note, though it is within statutory limits.