Unaudited Financial Results (standalone and consolidated) for the quarter and nine months ended December 31, 2025 along with Limited Review Report issued by Statutory Auditors of the Company ....
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Awaiting price reaction for this filing.
Ironwood Education reported Q3 FY26 standalone revenue of Rs. 52.72 lakhs (down from Rs. 57.43 lakhs in Q3 FY25) with a net loss of Rs. 19.61 lakhs; 9M FY26 standalone loss stood at Rs. 67.14 lakhs on revenue of Rs. 125.47 lakhs. However, on a consolidated basis, the picture is dramatically different — Q3 FY26 revenue jumped to Rs. 2,964.01 lakhs (vs Rs. 93.84 lakhs in Q3 FY25) and net profit was Rs. 523.62 lakhs, largely driven by the 100% real estate subsidiary Trio Infrastructure Private Ltd which recognized Rs. 2,925.98 lakhs in revenue under Ind AS 115. The company commenced real estate operations during the year and has revised segment reporting into Education and Real Estate. Limited Review Reports issued by statutory auditors A.T. Jain & Co. were clean (unqualified) on both standalone and consolidated results. Standalone FY25 had an exceptional item charge of Rs. 124.02 lakhs. Board also approved regularization of two independent/non-executive directors via postal ballot.
For shareholders, the standalone education business continues to bleed with widening losses, but the consolidated story has flipped to profitability thanks to the new real estate subsidiary — investors should focus on consolidated numbers and track whether real estate revenue is sustainable. Near-term stock movement likely driven by the sharp consolidated profit surprise, though concentration risk in the new real estate segment is high.