Unaudited financial results for the quarter and nine months ended 31st December, 2025
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Gujarat Poly Electronics reported Q3 FY26 revenue from operations of ₹352.51 lakhs, down about 21% from ₹447.35 lakhs in Q3 FY25, indicating continued weakness in its core electronic capacitors business. Total income, however, ballooned to roughly ₹3,209 lakhs because the company sold its leasehold land and factory building at Plot B/18, Gandhinagar for ₹2,900 lakhs, booked under Other Income. Net profit for the quarter jumped to about ₹237 lakhs (EPS ~₹2.77) from ₹42 lakhs a year earlier, but the jump is almost entirely due to this one-time land sale. For the nine months ended December 2025, revenue was nearly flat at ₹1,266.64 lakhs versus ₹1,250.15 lakhs last year. The board also approved redemption of 9,81,500 ½% non-cumulative preference shares (face value ₹100 each, total ~₹981.5 lakhs) at par, to be paid by March 31, 2026, after which preference share capital will be nil.
Headline profit growth is driven by a one-time property sale, not by operating performance, so the underlying electronics business remains under pressure. The preference share redemption simplifies the capital structure and frees up cash that was earlier locked in non-cumulative preference capital, which is mildly positive for equity shareholders.