PLEASE FIND ENCLOSED HEREWITH UNAUDITED FINANCIAL RESULTS FOR QUARTER AND NINE MONTHS ENDED ON 31ST DECEMBER 2025 FOR HARISH TEXTILE ENGINEERS LIMITED
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.9 pts more than Nifty Microcap 250 and 3.0 pts more than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Harish Textile Engineers reported unaudited results for Q3 FY26 with revenue from operations of Rs 3,531.70 lakhs (up ~6% YoY from Rs 3,332.08 lakhs) and net profit of Rs 150.59 lakhs, swinging from a loss of Rs 39.16 lakhs in the same quarter last year. For the nine months ended December 2025, revenue grew modestly to Rs 10,213.30 lakhs (from Rs 9,931.99 lakhs) and net profit stood at Rs 368.80 lakhs, a sharp turnaround from a loss of Rs 128.35 lakhs a year ago. The statutory auditor (K.M. Swadia & Co.) issued a qualified conclusion, flagging an Event of Default on Rs 64.72 lakhs of debentures (Series III) that were due on October 7, 2025, along with aggregate debenture dues of Rs 211.51 lakhs called by Axis Trustee Services. The auditor also highlighted a material uncertainty on going concern owing to a negative net working capital of Rs 1,744.69 lakhs (current liabilities of Rs 6,377.13 lakhs vs current assets of Rs 4,632.44 lakhs) and a liquidity crunch. The Board has separately approved a preferential issue of up to 21.23 lakh equity shares at Rs 64 each (~Rs 13.59 crore) to promoters and non-promoter investors to raise funds.
The positives (profit turnaround and revenue growth) are overshadowed by serious red flags — debenture default, qualified audit opinion, material going concern uncertainty, and negative working capital. Shareholders should expect continued stock price pressure until the company resolves the NCD default and demonstrates liquidity stability. The proposed preferential issue at Rs 64/share signals dilution risk but also an attempt to raise funds to address the liquidity crunch.