Financial Results for quarter ended 31/12/2025
Awaiting price reaction for this filing.
Rathi Graphic Technologies has reported its Q3 FY26 results, covering the quarter and nine months ended 31 December 2025. The company only recently emerged from a long Corporate Insolvency Resolution Process (CIRP), with new promoters (Surbhika Steels and Daga Infrastructure) taking control in April 2025 after 99% of the old share capital was cancelled and extinguished. Manufacturing operations for toner and toner-related products remain temporarily closed and are yet to be revived, so revenue from operations is effectively nil. The company reported a loss before exceptional items, but swung to a profit after booking exceptional items of roughly Rs 1,000 (reversal of old doubtful-debts and investment-diminution provisions). The statutory auditor (HG & Co.) issued an unmodified limited review report with no qualifications.
For shareholders, the headline profit is not from any real business activity — it is entirely driven by one-time write-back of old provisions while the factory stays shut. The stock remains a turnaround play, and meaningful re-rating will only come once operations actually restart and revenue resumes.