Outcome of Board Meeting held today i.e January 28, 2026 under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
ELCIDIN · price
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The Board of Elcid Investments Ltd approved the unaudited standalone and consolidated financial results for the quarter ended December 31, 2025 (Q3 FY26) and the nine months ended December 31, 2025. Elcid is a non-banking financial company functioning purely as an investment company, so its income mainly comes from dividends, interest, and fair value changes on equity investments (notably a major stake in EID Parry). On a consolidated basis, Q3 FY26 profit after tax (PAT) was Rs 47.38 crore, a sharp turnaround from a loss of Rs 6.89 crore in Q3 FY25. However, on a 9-month basis, consolidated PAT fell to Rs 149.74 crore from Rs 172.54 crore in 9M FY25 (down ~13%), and standalone PAT dropped to Rs 94.96 crore from Rs 114.26 crore (down ~17%). The limited review report by V.K. Beswal & Associates is clean and unqualified for both standalone and consolidated results.
Short-term shareholders may focus on the Q3 PAT turnaround, but the 9-month decline in earnings shows lumpy, volatile results typical of an investment company whose gains depend on mark-to-market movements of equity holdings rather than steady operations. The stock is heavily driven by the value of its equity investments, so quarterly earnings are not a reliable indicator of underlying performance.