BSEAuto Pins (India) LtdHighNeutral
Announced Sat, 14 Feb · 17:07 IST

Enclosed herewith Unaudited Standalone Financial Result for the third quarter ended 31st December,2025 along with Limited Review Report.

Emphasis Of MatterPat Growth 25pctRevenue DeclineResults View source PDF
Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Auto Pins (India) Ltd reported Q3 FY26 standalone revenue from operations of ₹932.71 lakhs, nearly flat YoY versus ₹948.14 lakhs in Q3 FY25. Profit after tax surged sharply to ₹18.84 lakhs (vs ₹6.05 lakhs), with PBT rising to ₹25.17 lakhs (vs ₹7.13 lakhs) and EPS at ₹0.33 (vs ₹0.11). However, for the nine-month period, revenue declined about 20% to ₹2,645.14 lakhs from ₹3,293.38 lakhs, though 9M PAT still grew to ₹24.14 lakhs from ₹19.65 lakhs. No dividend was recommended. The auditor issued an emphasis of matter on non-provision of gratuity and leave liability, pending evaluation of new Labour Codes effective 21 November 2025, and on discounts/rebates being accounted only on credit-note issuance. The company also flagged delayed MSMED payments and unreconciled GST returns.

Likely market impact

Profitability strengthened meaningfully in Q3, but the near-20% drop in 9-month revenue is a red flag worth watching. The auditor's emphasis on gratuity non-compliance and the upcoming Labour Codes could create future liabilities for shareholders.