Gujarat Industries Power Company Limited has informed the Exchange regarding Board meeting held on February 12, 2026.
GIPCL · price
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On the reaction day the stock moved 5.9 pts less than Nifty Microcap 250 and 5.8 pts less than its Power Generation peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The board of GIPCL approved standalone unaudited financial results for Q3 FY26 (quarter ended December 31, 2025) and the nine-month period of FY26. Revenue from operations for Q3 rose to ₹36,994 lakhs from ₹32,199 lakhs in Q3 FY25, while Q3 profit after tax fell sharply to ₹1,570 lakhs from ₹2,413 lakhs a year earlier (about 35% YoY decline). For the nine-month period, revenue grew nearly 16% YoY to ₹1,06,286 lakhs, but profit after tax dropped roughly 47% YoY to ₹7,556 lakhs. The board also appointed two additional directors - Shri Sandeep Kumar (IAS, Government of Gujarat nominee) and Shri Sanjay S. Bhatt (GACL nominee) - and reconstituted the Audit, Risk Management and Stakeholders' Relationship committees. Statutory auditor K C Mehta & Co LLP issued an unmodified review report, while flagging that prior period results were reviewed by a predecessor auditor.
The steep fall in profits despite revenue growth signals significant margin pressure, which is likely to be viewed negatively by investors. The director appointments and committee reconstitution are routine governance changes with no immediate material impact on shareholders.