Q3 FY26 results: revenue up 3% but PAT falls sharply on Labour Codes charge

Exceptional itemEmphasis of matterResults View source PDF Explain this filing

IONEXCHANG · price

Loading chart…

▲ 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

-1.4%Reaction day

₹365.00

prior close

₹332.95

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)+1.8%-3.2% vs market

Other Utilities peers, median of 12sector · industry level+1.9%-3.2% vs sector

On the reaction day the stock moved 3.2 pts less than Nifty Microcap 250 and 3.2 pts less than its Other Utilities 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

Stock

-2.3

10m

-2.5

15m

-1.8

30m

-0.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.4+1.8-3.2+1.9-3.2

Next day

-4.4+0.5-4.9-2.1-2.3

-2.5+4.3-6.7+2.4-4.9

-1.8+5.6-7.5+4.4-6.2

+3.6+4.6-1.0+2.2+1.4

+3.8+3.8-0.0+2.2+1.6

+5.8+7.5-1.8+12.2-6.5

15d

+4.0+3.8+0.3+4.0+0.1

-2.2-0.3-1.9-5.6+3.4

-12.3-9.6-2.8-14.9+2.6

+9.0+9.9-0.9+9.2-0.2

UpDownMarket · Nifty Microcap 250Sector · Other Utilities peers, median of 12Pending

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

AI summary

Standalone Q3 revenue INR 66,893 lacs, up 3% YoY. Nine month revenue INR 186,500 lacs, up 6% YoY. Q3 standalone PAT fell 55% YoY to INR 2,406 lacs; 9M PAT fell 21% to INR 11,881 lacs, hit by INR 1,454 lacs exceptional item from new Labour Codes (higher gratuity and leave liability). Consolidated Q3 PAT fell 59% to INR 2,056 lacs with INR 1,697 lacs exceptional item. Deloitte issued unmodified review reports but subsidiary IEEFL auditor flagged an Emphasis of Matter on an ongoing SEBI matter requiring INR 22 crores deposit; next hearing March 27, 2026.

Likely market impact

Profit hit by one-time Labour Codes charge; underlying operations remain steady. Watch SEBI hearing outcome at subsidiary IEEFL on March 27, 2026.