Approval for Unaudited Standalone Financial Results of the Company for the Quarter ended on December 31st, 2025
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Hemang Resources Limited's board approved unaudited standalone financial results for Q3 FY26 (quarter ended Dec 31, 2025). The company reported zero revenue from operations in Q3 FY26, down sharply from ₹123.76 lakhs in Q3 FY25, indicating its coal trading business generated no sales during the quarter. Consequently, the company swung to a loss of ₹18.44 lakhs for the quarter versus a profit of ₹28.77 lakhs in the year-ago quarter, with only ₹1.26 lakhs of other income covering nominal expenses. For the 9-month period ended Dec 2025, the company eked out a thin profit of ₹13.38 lakhs (EPS ₹0.10) compared with a loss of ₹23.07 lakhs in 9M FY25, propped up largely by other income. The statutory auditor A. John Moris & Co issued an unmodified limited review report with no qualifications or emphasis-of-matter paragraphs.
Two consecutive quarters of losses and a complete absence of operating revenue in Q3 FY26 are red flags for the core coal trading business, though the balance sheet remains reasonable with borrowings of ~₹900 lakhs against equity of ~₹2,610 lakhs (D/E ~0.34x). Retail investors should watch for a restart of coal trading activity or traction in the infrastructure segment in coming quarters.