Q3 FY26 results: revenue down about 17 percent YoY, PAT slips to loss on exceptional item

Revenue DeclinePat NegativeExceptional ItemQualified OpinionResults View source PDF Explain this filing

ELECTCAST · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

+2.7%Reaction day

₹71.61

prior close

₹70.25

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)+2.6%+0.1% vs market

Iron & Steel Products peers, median of 90sector+1.6%+1.1% vs sector

On the reaction day the stock moved 0.1 pts more than Nifty Microcap 250 and 1.1 pts more than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.3

10m

-1.8

15m

-1.8

30m

-1.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.7+2.6+0.1+1.6+1.1

Next day

+10.3+3.6+6.7+1.9+8.4

+6.1+3.1+3.1+2.3+3.9

+5.1+2.6+2.5+1.6+3.6

+2.6+1.1+1.5+0.4+2.1

+0.6+0.3+0.3-0.5+1.2

+3.5+1.6+1.9+0.7+2.8

15d

-4.8-3.9-0.9-2.9-1.9

-13.9-8.1-5.8-7.7-6.1

+17.2-3.1+20.2-1.5+18.7

+24.9+9.2+15.7+7.7+17.1

UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 90Pending

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

AI summary

Consolidated Q3 revenue fell to Rs 1,471.81 cr from Rs 1,779.58 cr YoY and PAT swung to a loss of Rs 21.88 cr versus a profit of Rs 160.17 cr, hit by a Rs 38.38 cr exceptional charge for Labour Code impact. Nine month revenue declined 21 percent to Rs 4,425.29 cr with PAT down 73 percent at Rs 145.49 cr. Board re-appointed CEO Sunil Katial for 5 years and approved 26 percent stake in a green power SPV at about Rs 7 cr. Auditor Lodha and Co LLP gave a qualified review conclusion on coal block and ESL Steel matters.

Likely market impact

Weak quarter with revenue decline and PAT loss, partly due to one-time Labour Code charge. Coal block and ESL disputes remain overhangs on the stock.