Kindly take on your record the outcome of the Board Meeting held today, 3rd February, 2026. The Board has approved the Unaudited Financial Results for the Quarter and Nine months ended ....
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The Board of Garware Marine Industries approved unaudited financial results for Q3 FY26 (quarter ended Dec 31, 2025) and 9M FY26 on Feb 3, 2026. Revenue from operations for Q3 stood at Rs. 30.30 lakhs versus Rs. 26.99 lakhs in Q3 FY25 (about 12% growth), but 9M revenue declined to Rs. 82.25 lakhs from Rs. 96.64 lakhs in 9M FY25 — roughly a 15% drop year-on-year. Profit before tax fell sharply to about Rs. 4.89 lakhs in Q3 (from Rs. 9.62 lakhs a year ago) and to Rs. 20.33 lakhs for 9M FY26 (from Rs. 38.68 lakhs). Total comprehensive income was deeply negative on the back of large mark-to-market losses on equity instruments held by the company. Statutory auditor D. Kothary & Co. issued an unqualified limited review report with no qualifications or emphasis of matter.
Operational performance has weakened, with both top line and profit declining meaningfully over the nine-month period, which is a negative signal for shareholders. However, the scale of business is very small (revenue in lakhs) and the heavy hit to comprehensive income is largely non-cash mark-to-market on equity investments, not from operations.