Financial Result for the Quarter ended 31st December 2025
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Gaekwar Mills reported nil revenue from operations for Q3 FY26 and the 9-month period, with the company's income coming entirely from other sources (₹10.87 lakhs in Q3, ₹33.02 lakhs for 9M FY26). The company swung to a profit of ₹9.03 lakhs in Q3 FY26 (vs. a loss of ₹110 lakhs in Q3 FY25) and ₹22.22 lakhs for 9M FY26 (vs. a loss of ₹330.50 lakhs in 9M FY25), translating to EPS of ₹0.45 and ₹1.11 respectively. However, the improvement is largely because the company did not book premium on debenture redemption this period (₹354.02 lakhs was charged in 9M FY25), as negotiations to extend redemption of ₹35 crore debentures (Series A: ₹30 cr, Series B: ₹5 cr), due March 31, 2025, are still ongoing. Other equity remains deeply negative at ₹(7,217.40) lakhs.
Despite the headline return to profitability, the underlying business has no operating revenue and carries a deeply negative net worth with unresolved ₹35 crore debenture obligations. This raises significant going concern concerns for shareholders, though the suspension of debenture redemption premium charges provides temporary relief to reported numbers.