Unaudiated Financial Result for 31st December, 2025

Emphasis of matterRevenue declinedNet loss reportedRelated-party transactionsContingent liabilities increasedResults View source PDF Explain this filing

Price

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Price reactionminutes from the announcement price · days from the prior close

-5.8%Reaction day

₹2.58

prior close

₹2.52

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.5%-4.3% vs market

Trading & Distributors peers, median of 132sector-0.2%-5.6% vs sector

On the reaction day the stock moved 4.3 pts less than Nifty Microcap 250 and 5.6 pts less than its Trading & Distributors peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.6

10m

-4.8

15m

-4.4

30m

-3.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-5.8-1.5-4.3-0.2-5.6

Next day

-7.4-2.2-5.2-0.6-6.8

-8.9-1.2-7.7-0.6-8.3

-7.4-0.9-6.4-1.4-6.0

-7.0-2.3-4.6-1.8-5.2

-8.5-2.5-6.0-2.4-6.2

-14.7-3.6-11.1-3.5-11.2

15d

-19.8-10.4-9.4-8.2-11.6

-20.5-11.3-9.2-9.3-11.2

-10.9-3.6-7.3-1.2-9.6

-13.6+3.9-17.4-1.6-12.0

UpDownMarket · Nifty Microcap 250Sector · Trading & Distributors peers, median of 132Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

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.

Likely market impact

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.