Unaudiated Financial Result for 31st December, 2025
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Awaiting price reaction for this filing.
IGC Industries reported unaudited results for Q3 FY26 showing zero revenue from operations, down from Rs 198.51 lakhs in the previous fiscal year. The company posted a net loss of Rs 28.97 lakhs for the quarter and the nine-month period, compared to a Rs 6.17 lakhs loss for full FY25. Total expenses of Rs 28.97 lakhs were incurred against no revenue, deepening the operating shortfall. The statutory auditor flagged several serious concerns in the review report, including Rs 9.31 crore in advances for assets without adequate documentation and Rs 9.58 crore in unsecured loans whose end-use and related-party status could not be verified. The auditor also noted non-compliance with GST and TDS filing/deposit requirements, and ultimately issued a disclaimer of opinion due to the significance of these unresolved matters.
Zero revenue, widening losses, and an auditor's disclaimer driven by nearly Rs 19 crore of undocumented advances and loans make this a high-risk filing for shareholders. The combination points to severe financial distress and raises going concern doubts that are likely to weigh heavily on the stock.