Financial Results with Limited Review Report Attached herewith
Awaiting price reaction for this filing.
Oswal Overseas Limited reported weak unaudited results for Q3 FY26 (Oct-Dec 2025). Revenue from operations stood at just ₹118.44 lakhs versus ₹1,423.15 lakhs in the same quarter last year, and nine-month revenue collapsed to ₹179.89 lakhs from ₹3,891.98 lakhs a year ago, a drop of over 95%. The company reported a net loss of ₹191.88 lakhs for the quarter and ₹631.29 lakhs for the nine-month period, though the loss has narrowed compared to the ₹1,028.51 lakh loss in the prior-year nine months. The Sugar Division, which contributes almost all revenue, remains in deep red with a segment loss of ₹483.22 lakhs for nine months. The statutory auditor (DSRV and Company LLP) issued an unmodified limited review opinion on the results.
Sustained losses, a near-total revenue collapse versus last year, and segment liabilities (₹14,180 lakhs) far exceeding segment assets (₹10,252 lakhs) signal serious financial stress. Shareholders should be cautious as the company appears to be burning cash and its balance sheet liabilities outweigh its assets, raising questions about long-term viability despite seasonal nature of the sugar business.