We would like to inform that the Board of Directors at the meeting held today i.e. Friday, February 13, 2026 inter alia considered and approved the Unaudited Standalone and Consolidated ....
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The Board of Inducto Steel, at its meeting on February 13, 2026, approved the unaudited financial results for Q3 FY26 and the nine months ended December 31, 2025. Revenue from operations for Q3 stood at ₹3,338.77 lakhs, broadly flat compared to ₹3,384.30 lakhs in Q3 last year, while 9M revenue fell about 15% to ₹10,116.50 lakhs from ₹11,893.62 lakhs. The company returned to a small profit after tax of ₹14.33 lakhs in Q3 (versus a loss of ₹59.05 lakhs last year), and the 9M loss narrowed sharply to ₹84.97 lakhs from ₹377.41 lakhs. Segment-wise, Mumbai revenue dropped sharply while Bhavnagar more than doubled in Q3. The auditor flagged an emphasis of matter on recoverability of ₹21.26 crore invested in a partnership firm, where advances given for a planned joint venture remain unstarted.
Mixed picture for shareholders — profitability has clearly improved with a swing back to quarterly profit, but full-year topline is still contracting and the auditor's flag on ₹21+ crore stuck in a partnership firm with no joint venture progress poses a meaningful asset-recovery risk. Mid-year auditor change (LLB & Co resigned in August 2025) is a governance point to watch.