ELGIRUBCONSEElgi Rubber Company Limited· TyresMinimalNeutral
Announced Fri, 13 Feb · 17:27 IST

Elgi Rubber Company Limited has informed the Exchange about Copy of Newspaper Publication pertaining to the financial results of the Company for the quarter and nine months ended December 31, 2025

ELGIRUBCO · price

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Elgi Rubber Company has published its unaudited financial results for Q3 FY26 and the nine months ended December 31, 2025 in Business Standard and Malai Murasu, as required by SEBI. On a consolidated basis, revenue from operations rose to ₹10,492.27 lakhs in Q3 (from ₹9,699.48 lakhs in Q2 FY26 and ₹6,988.50 lakhs in Q3 FY25), but the company slipped into a net loss of ₹2,866.51 lakhs for the quarter against a profit of ₹349.64 lakhs a year ago. For the nine months, the cumulative net loss widened to ₹3,618.98 lakhs versus a profit of ₹1,266.00 lakhs in the prior-year period. On a standalone basis, the Q3 loss was much steeper at ₹9,480.76 lakhs, mainly because the company fully impaired its investment and loans in its Netherlands step-down subsidiary Rubber Resources B.V. An additional ₹21.65 lakhs exceptional charge was booked due to incremental gratuity costs from the new Labour Codes notified on November 21, 2025.

Likely market impact

Despite healthy revenue growth, profitability has turned sharply negative, with the standalone results hit by a large one-time subsidiary impairment. Near-term investor sentiment is likely to be weak, though the impairment is non-cash and not expected to recur.