Please find attached herewith the unaudited financial results for the quarter ended 31st December 2025
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Elango Industries reported unaudited Q3 FY26 (Dec 2025) revenue of Rs 2.52 lakhs, a sharp drop from Rs 90.32 lakhs in the previous quarter and Rs 23.88 lakhs in the same quarter last year. The company posted a net loss of Rs 2.51 lakhs for the quarter, while the nine-month loss improved to Rs 8.34 lakhs from Rs 16.17 lakhs a year earlier. Total reserves remain negative at Rs (13.27) lakhs, indicating accumulated losses exceeding share capital support. The statutory auditor (P. Pattabiramen & Co) issued a qualified conclusion, flagging Rs 1.09 crore in electricity subsidy receivables that have been pending recovery for a long time without adequate status information — a qualification recurring since March 2022. Management says it is taking steps to recover the subsidy and considers it recoverable.
Combined declining revenue, persistent losses, negative reserves, and a long-standing auditor qualification on a sizable receivable point to ongoing financial stress. Shareholders should view this as a caution flag on the stock's fundamentals and recovery prospects.