Submission of Unaudited Financial Results of the Company for the quarter ended on 31-12-2025 along with Limited Review Report thereon.
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Awaiting price reaction for this filing.
The board approved unaudited financial results for Q3 FY26. Revenue from operations for the quarter stood at Rs. 995.85 lakhs, with a profit after tax of Rs. 26.65 lakhs and EPS of Rs. 0.18. For the nine months ended 31-Dec-2025, revenue was Rs. 2,342.55 lakhs versus Rs. 7,283.43 lakhs in the same period last year — a steep decline of roughly 68%. Despite the revenue drop, nine-month PAT rose to Rs. 47.62 lakhs from Rs. 38.26 lakhs earlier, indicating sharply improved margins on a much smaller revenue base. The auditor (Shah Karia & Associates) issued a clean limited review report with no qualifications. On the balance sheet, total assets were largely flat at Rs. 2,605.45 lakhs; however, current borrowings jumped from Rs. 124.23 lakhs to Rs. 334.54 lakhs, trade receivables nearly doubled to Rs. 1,586.88 lakhs, and inventories fell sharply from Rs. 1,477.75 lakhs to Rs. 835.24 lakhs.
The dramatic year-on-year revenue collapse is a major red flag for the business and could weigh negatively on the stock. On the positive side, profit growth on a slimmed-down revenue base shows better cost discipline, but rising debt and ballooning receivables alongside falling inventory suggest the company is collecting slowly and leaning on borrowings to fund operations.