Outcome of Board Meeting held on 05th February, 2026.
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The board, meeting on February 5, 2026, approved unaudited standalone and consolidated results for Q3 FY26 and the nine months ended December 31, 2025. Standalone revenue from operations jumped to Rs. 2,215.37 lakhs in Q3 (vs Rs. 1,344.01 lakhs a year ago), while nine-month revenue surged to Rs. 6,512.80 lakhs (vs Rs. 2,534.75 lakhs). However, standalone Q3 profit after tax fell sharply to Rs. 49.15 lakhs from Rs. 120.66 lakhs last year, even as nine-month PAT rose only marginally to Rs. 291.84 lakhs. On a consolidated basis, Q3 PAT dropped to Rs. 100.88 lakhs (from Rs. 190.48 lakhs), but nine-month PAT grew strongly to Rs. 409.66 lakhs (from Rs. 279.76 lakhs) helped by subsidiary Elementures Foodstuff Trading LLC (Dubai). The auditor, D K Chhajer & Co., issued a clean limited review report with no qualifications. The company, which operates in fruit trading, raised Rs. 48.17 crore via a rights issue in June 2025 to fund working capital.
Strong revenue growth is encouraging, but the sharp drop in standalone Q3 profit despite higher sales signals serious margin pressure, which is a red flag for shareholders. The better consolidated picture is largely propped up by the unaudited Dubai subsidiary. Per-share metrics are also impacted by the recent rights issue dilution.