This is to inform you that the Board of Directors of the Company at its meeting held today i.e. February 12, 2026, inter-alia has considered and approved the Un-Audited Standalone & Consolidated ....
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The Board of Directors of The Indian Wood Products Company Ltd approved the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, at its meeting on February 12, 2026. Statutory auditor S K Agrawal and Co Chartered Accountants LLP issued an unmodified (clean) Limited Review Report on both sets of results. On a standalone basis, Q3 FY26 net profit rose sharply to Rs. 121.79 lakhs from Rs. 83.93 lakhs a year ago (~45% growth), though for the nine-month period PAT was largely flat at Rs. 295.65 lakhs versus Rs. 301.68 lakhs. Gross sales for the nine months declined to Rs. 16,003.32 lakhs from Rs. 17,136.15 lakhs (~6.6% decline) due to weaker cost of materials and other expenses. Consolidated results include a Rs. 148.05 lakhs share of profit from its Singapore-based joint venture, Agro & Spice Trading Pte Ltd. The company also booked a Rs. 25.10 lakh provision arising from the new Labour Codes on the revised definition of 'wages'.
Short-term investors may note a strong sequential profit rebound in Q3 standalone, but the nine-month revenue decline signals ongoing pressure in the core Katha business. The clean audit report and absence of exceptional items are reassuring for shareholders, while the new Labour Code provision is a one-time adjustment.