OUTCOME OF BOARD MEETING DATED 13.02.2026.
FEDDERSHOL · price
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The Board of Fedders Holding approved standalone and consolidated unaudited results for the quarter and nine months ended December 31, 2025. On a consolidated basis, total income fell to Rs 26,284.41 lacs (9M FY25: Rs 33,874.86 lacs), a decline of roughly 22%, while net profit surged to Rs 6,757.06 lacs (9M FY25: Rs 3,108.81 lacs) helped by other income of Rs 5,223.09 lacs and net exceptional items of about Rs 1,156 lacs. Standalone results remain negligible, with a loss of Rs 30.84 lacs for 9M FY26. The auditor issued a qualified conclusion on consolidated numbers, flagging issues at the key subsidiary Fedders Electric & Engineering Limited: Rs 47.65 lacs not transferred to IEPF, missing fixed-asset and scrap inventory records, preference shares not measured under Ind AS 109, undocumented travel expenses, and a Rs 26.44 crore trade receivable re-instated in other income without adequate support. An ongoing income-tax search (initiated Nov 26, 2024) continues.
Profit growth looks strong but is largely driven by other income and exceptional items at the subsidiary level, with revenue from operations actually shrinking. The qualified auditor opinion, weak internal records, and unresolved tax search are governance red flags that investors should weigh before reading the headline PAT number as a sign of business health.