We hereby Enclosing the Unaudited Standalone Financial Results for the Quarter Ended on 31st December,2025 along with Limited Review Report.
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Awaiting price reaction for this filing.
Galaxy Bearings reported a net loss of Rs. 215.21 lakhs in Q3 FY26, swinging from a profit of Rs. 223.26 lakhs in the previous quarter. Revenue from operations declined to Rs. 1,469.82 lakhs (from Rs. 1,510.21 lakhs in Q2 FY26 and Rs. 1,557.71 lakhs in Q3 FY25). For the 9 months ended Dec 2025, total income fell sharply to Rs. 5,101.23 lakhs versus Rs. 7,691.44 lakhs in the same period last year, a drop of about 34%. The company also booked a one-time non-recurring professional fee of Rs. 5.9 crores related to its OFAC delisting process. The statutory auditor (J T Shah & Co.) issued an unqualified review report but included an Emphasis of Matter regarding the ongoing US Treasury OFAC sanctions that have blocked the company from accessing USD and EUR through official channels since October 30, 2024.
The OFAC sanctions and the inability to access USD/EUR markets continue to hammer the business, and the sharp swing to a quarterly loss is a red flag for shareholders. Until the company is removed from the US SDN list, revenue and profitability are likely to remain under pressure, making this a high-risk situation to watch.