Announced Wed, 11 Feb · 13:52 IST

Please find attached Unaudited Financial Results for QE Dec 31, 2025

Revenue DeclineResults View source PDF

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AI summary

Greencrest Financial Services reported total revenue from operations of Rs. 1,267.62 lakhs for Q3FY26, down about 43% from Rs. 2,234.83 lakhs in the same quarter last year, though up sharply from Rs. 564.54 lakhs in Q2FY26. For the nine months ended December 2025, revenue fell roughly 60% YoY to Rs. 2,370.71 lakhs versus Rs. 5,928.86 lakhs a year ago. Profit before tax stood at Rs. 108.29 lakhs for the quarter (vs Rs. 126.89 lakhs YoY) and Rs. 369.39 lakhs for 9M (vs Rs. 724.15 lakhs), while profit after tax came in at Rs. 81.12 lakhs (Q3) and Rs. 276.42 lakhs (9M), down about 49% for the nine-month period. A notable one-time hit was Rs. 135.13 lakhs in bad debts written off during Q3, and finance costs doubled YoY to Rs. 163.25 lakhs in the quarter. EPS for the quarter was Rs. 0.02 and Rs. 0.08 for 9M.

Likely market impact

The sharp YoY decline in both revenue and profit reflects weaker trading and investment income, compounded by a large bad-debt write-off and rising finance costs. Shareholders should expect pressure on near-term earnings and book value, with other equity dipping to Rs. 2,133.74 lakhs from Rs. 2,260.68 lakhs the prior quarter.