Board Meeting held on 12th February 2026, to Considered, approved and took on record the standalone and consolidated Unaudited Financial Result for the quarter ended 31st December, 2025 ....
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Epuja Spiritech's board approved unaudited standalone and consolidated financial results for the quarter ended 31 December 2025. Revenue from operations collapsed to just ₹4.31 lakhs in Q3 FY26, down from ₹10.15 lakhs in Q3 FY25 — a 57% quarter-on-quarter drop. For the nine months ended December 2025, revenue from operations fell sharply to ₹27.77 lakhs versus ₹161.25 lakhs in the same period last year, an ~83% decline. The company reported a net loss of ₹278.38 lakhs for the quarter and ₹464.47 lakhs for the nine-month period, compared to losses of ₹123.79 lakhs and ₹100.30 lakhs respectively in the previous year. Total expenses remained heavy at ₹283.18 lakhs in the quarter, driven mainly by 'Other Expenses' of ₹131.53 lakhs, far outstripping revenue. Statutory auditor S D P M & Co. issued an unmodified (clean) limited review report on both standalone and consolidated results. Consolidated figures include subsidiary Epuja Softtech Private Limited.
This is a deeply negative result — collapsing revenue combined with mounting losses (nearly 5x larger than the prior nine-month period) signals serious business deterioration and is likely to weigh heavily on the stock. The mismatch between minimal revenue (₹4.80 lakhs total) and large expenses (₹283 lakhs) suggests the core operations are not sustainable in their current form, raising concerns for shareholders despite the clean auditor's report.