Elgi Rubber Company Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
ELGIRUBCO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.1 pts less than Nifty Microcap 250 and 1.3 pts less than its Rubber peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Elgi Rubber Company reported its unaudited Q3 FY26 (quarter ended Dec 31, 2025) results with standalone revenue from operations rising about 17% YoY to Rs. 6,245.73 lakhs, but posting a standalone loss after tax of Rs. 9,480.76 lakhs (EPS Rs. -18.94), heavily hit by exceptional items of Rs. 7,666.45 lakhs. On a consolidated basis, revenue was Rs. 10,009.28 lakhs with a loss after tax of Rs. 2,866.51 lakhs. The Board approved reversal of Rs. 22.18 million in interest receivable from three overseas wholly-owned subsidiaries (USA, Brazil, Netherlands) due to recoverability concerns. The company also fully impaired its investment and loans in step-down subsidiary Rubber Resources B.V., Netherlands (Rs. 7,644.80 lakhs combined), which subsequently filed for bankruptcy in January 2026. Additionally, the Board approved sale of 7.24 acres of non-core land on Trichy Road, Coimbatore, with proceeds earmarked for debt reduction. Statutory auditors Arun & Co issued an unmodified opinion, with an emphasis-of-matter note on the subsidiary bankruptcy.
Shareholders should brace for continued pressure on earnings as the loss-making overseas subsidiaries, especially the Netherlands step-down subsidiary going bankrupt, drag down the consolidated picture. The planned land sale could provide cash to trim debt, but the massive one-time impairments signal significant erosion of overseas asset value.