The Board approved the Unaudited Financial results for the quarter and nine months ended 31.12.2025.
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Gem Spinners India's Board approved its unaudited financial results for Q3 FY26 (quarter ended 31 Dec 2025) and the nine-month period. Strikingly, the company reported zero income from operations and zero other income for all reported periods, including the year ended 31 March 2025. Total expenses for the quarter stood at Rs 8.69 lakh, comprising mainly employee costs (Rs 2.80 lakh), depreciation (Rs 3.90 lakh), and other expenses (Rs 1.99 lakh). The company posted a loss of Rs 8.69 lakh for Q3 and Rs 32.20 lakh for 9M FY26, an improvement from a loss of Rs 48.23 lakh in the corresponding 9-month period last year. Full-year FY25 loss was Rs 65.94 lakh. EPS for 9M FY26 was Rs (0.05). The statutory auditor issued an unmodified limited review report.
The complete absence of operating revenue combined with continued quarterly losses is a serious red flag for shareholders, suggesting the company's core business is not generating any income and raising significant going concern doubts. The stock is likely to remain under pressure and investors should treat this as a high-risk situation pending clarity on the company's operational status.