Q3 FY26 results, USD 70mn overseas bond plan, borrowing cap raised to Rs 1500 Cr

Qualified audit opinionRevenue growth above 20%Exceptional itemRelated-party transactionsResults View source PDF Explain this filing

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

-4.8%Reaction day

₹12.40

prior close

₹12.25

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.8%-6.7% vs market

On the reaction day the stock moved 6.7 pts less than Nifty Microcap 250, 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

-4.5

10m

-4.8

15m

-5.2

30m

-4.2

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

-4.8+1.8-6.7

Next day

-8.1+0.5-8.6

-8.6+4.3-12.9

-13.0+5.6-18.6

-11.7+4.6-16.3

-13.3+3.8-17.1

-6.9+7.5-14.4

15d

-17.3+3.8-21.1

-28.4-0.3-28.1

-43.1-9.6-33.5

-10.6+9.9-20.5

UpDownMarket · Nifty Microcap 250Pending

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

AI summary

Q3 FY26: consolidated revenue Rs 600.96 lakh (vs Rs 555.62 lakh YoY), 9M revenue up 22% to Rs 3,510.34 lakh, PAT Rs 745.95 lakh. Standalone 9M revenue Rs 2,605.14 lakh vs Rs 2,034.41 lakh. Board approved USD 70 million overseas securities issue, authorised capital hike to Rs 275 Cr, borrowing powers up to Rs 1500 Cr, and investments in Nova Power (subsidiary) and Everon Power (associate). Auditor issued qualified opinion on Rs 248 lakh impaired receivables from TNEB and BESCOM, and Suzlon advances of Rs 1,320 lakh.

Likely market impact

Multiple capital actions signal aggressive expansion but qualified auditor opinion on receivables is a watch point. Mixed for shareholders.