BSEIncap LtdHighNeutral
Announced Sat, 31 Jan · 17:06 IST

Unaudited Financial Results for the quarter ended on 31st December, 2025

Revenue DeclineResults View source PDF

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AI summary

Incap Ltd reported a sharp drop in Q3 FY26 revenue from operations at Rs 728.04 lakhs, down from Rs 1,688.74 lakhs in Q3 FY25 — a fall of roughly 57% year-on-year. For the 9 months ended December 2025, revenue stood at Rs 2,348.05 lakhs versus Rs 2,863.77 lakhs in the same period last year, a decline of about 18%. Profit after tax for the quarter was Rs 13.88 lakhs (vs Rs 19.65 lakhs), and Rs 66.00 lakhs for 9 months (vs Rs 87.96 lakhs). Basic and diluted EPS for the quarter was Rs 0.58. The results have been reviewed by the audit committee and subjected to a limited review by the statutory auditors.

Likely market impact

The steep year-on-year revenue contraction in Q3 — even as the company remains marginally profitable — points to weak demand or execution issues and could weigh on the stock. Cash and cash equivalents have also plunged to just Rs 8.18 lakhs from Rs 306.11 lakhs, leaving little cushion, which is a concern for shareholders.