Please find attached herewith the Outcome of the Board Meeting held today i.e. Tuesday, 10th February, 2025.
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The Board of Inter State Oil Carrier Ltd met on February 10, 2026 and approved the unaudited financial results for Q3 FY26 (quarter ended Dec 31, 2025) and the nine-month period. Revenue from operations for the quarter stood at Rs. 2,618.64 lakhs, up from Rs. 2,124.89 lakhs in the year-ago quarter, while net profit fell sharply to Rs. 20.69 lakhs from Rs. 62.65 lakhs. For the nine months, revenue grew to Rs. 7,691 lakhs (vs Rs. 6,514 lakhs last year), but profit after tax declined to Rs. 71.09 lakhs from Rs. 100.35 lakhs, with EPS of Rs. 1.42 (vs Rs. 2.01). The Board also approved renewal of three related party hire agreements (with Inter State Capital Markets Pvt Ltd, Mr. Siddhant Jain, and Mr. Amann Jain) for tanker hiring services, valid for 3 years from May 2026 to May 2029, subject to shareholder approval. The trading window reopens on February 12, 2026.
The revenue growth in Q3 is healthy, but a sharp drop in profitability (both quarterly and 9-month PAT down significantly YoY) is a concern for shareholders, suggesting margin pressure despite top-line expansion. The related party transactions, while at arm's length, will need shareholder approval at the upcoming AGM and represent continued reliance on promoter-related entities for logistics services.