Q3 FY26 results: net loss of Rs 22 cr, revenue down 17% YoY, CEO re-appointed

Revenue DeclinePat NegativeQualified OpinionExceptional ItemEbitda Margin CompressionResults View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-3.2%Reaction day

₹73.99

prior close

₹73.09

announcement price

In-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.8%-2.4% vs market

Iron & Steel Products peers, median of 94sector-0.1%-3.1% vs sector

On the reaction day the stock moved 2.4 pts less than Nifty Microcap 250 and 3.1 pts less than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

-3.2-0.8-2.4-0.1-3.1

Next day

-0.6+1.8-2.4+1.0-1.6

+6.7+2.8+3.9+1.4+5.3

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+26.0+8.3+17.7+7.2+18.8

UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 94Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Electrosteel Castings posted a consolidated net loss of Rs 21.88 cr in Q3 FY26 versus a profit of Rs 160.17 cr a year ago, as revenue fell 17% YoY to Rs 1,471.81 cr. Nine month PAT dropped 73% to Rs 145.49 cr on revenue of Rs 4,425 cr versus Rs 5,619 cr. The quarterly loss includes a one time Rs 38.38 cr charge for the new Labour Code. Board re appointed Sunil Katial as CEO for 5 years from April 2026 and approved Rs 7 cr for 26% stake in an SPV for green power. Auditors gave a qualified review.

Likely market impact

Sharp profit reversal with quarterly loss after Labour Code charge; weak revenue may pressure stock near-term despite CEO continuity and new green power plan.