Q3 FY26 results: revenue up, 9M profit down on higher tax

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

-1.4%Reaction day

₹36.50

prior close

₹36.57

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.8%-0.6% vs market

Iron & Steel Products peers, median of 94sector-0.1%-1.3% vs sector

On the reaction day the stock moved 0.6 pts less than Nifty Microcap 250 and 1.3 pts less than its Iron & Steel Products 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

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30m

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Sessions after the filingfrom the prior close

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Reaction day

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Next day

+1.5+1.8-0.3+1.0+0.5

-1.2+2.8-3.9+1.6-2.7

+2.7+2.3+0.4+2.0+0.7

-2.2+1.8-3.9+1.2-3.4

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UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 94Pending

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

AI summary

Board approved unaudited Q3 and 9M FY26 results for the period ended Dec 31, 2025. Revenue from operations rose to 18,697.50 lakhs in Q3 (from 16,186.56) and 62,086.09 lakhs for 9M (from 52,661.65). Q3 profit rose to 179.35 lakhs (from 44.67), but 9M profit fell to 302.54 lakhs (from 699.53) as the prior year had a deferred tax credit. EPS for 9M was 1.43 vs 2.70. No exceptional items. Single segment: Iron and Steel Products.

Likely market impact

Mixed: top-line growing steadily but 9M bottom-line weaker YoY due to tax base effect. Watch margins.