Outcome of Board Meeting, approval of the unaudited financial result for the quarter ended 31/12/2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
East West Freight Carriers reported a weak set of numbers for Q3 FY26 on a standalone basis. Revenue from operations fell to Rs. 4,081.22 lakhs, down about 34% from Rs. 6,201.78 lakhs in the same quarter last year, while nine-month revenue dropped to Rs. 14,525.91 lakhs from Rs. 21,637.64 lakhs. The company swung from a small profit of Rs. 24.83 lakhs in Q3 FY25 to a loss of Rs. 231.71 lakhs in Q3 FY26, taking nine-month losses to Rs. 469.70 lakhs versus a profit of Rs. 63.01 lakhs a year ago. Cost of materials consumed remained disproportionately high relative to shrinking revenue, dragging the company into operating losses. The consolidated results showed a similar trend, with revenue down 30% YoY and a loss of Rs. 234.97 lakhs for the quarter. The statutory auditor (Mittal & Associates) issued a clean limited review report with no qualifications. The board also approved raising the annual remuneration of a promoter relative to Rs. 12 lakhs under Section 188 of the Companies Act.
Negative for shareholders — sharp revenue decline, swing to losses, and margin compression suggest the freight business is under pressure; this may weigh on stock sentiment, though the clean auditor report removes an immediate overhang.