Kalyani Forge Q3 FY26 results: small loss, auditor flags valuation gaps

Net loss reportedEmphasis of matterQualified audit opinionRevenue declinedResults View source PDF Explain this filing

KALYANIFRG · price

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

+2.8%Reaction day

₹603.10

prior close

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announcement price

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timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.5%+3.3% vs market

Castings & Forgings peers, median of 21sector-0.3%+3.0% vs sector

On the reaction day the stock moved 3.3 pts more than Nifty Microcap 250 and 3.0 pts more than its Castings & Forgings peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

+2.8-0.5+3.3-0.3+3.0

Next day

+10.3-2.0+12.2-1.7+12.0

+10.0-2.7+12.7-1.4+11.4

+9.2-1.7+10.9-0.4+9.6

+11.9-1.4+13.3-0.7+12.6

+10.8-2.8+13.6-1.8+12.5

+5.4-2.8+8.2-1.5+6.9

15d

+1.9-8.4+10.3-3.0+4.9

-4.5-9.1+4.6-2.8-1.7

+0.1-4.0+4.2-1.4+1.6

+5.8+2.6+3.1+1.0+4.8

UpDownMarket · Nifty Microcap 250Sector · Castings & Forgings peers, median of 21Pending

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

AI summary

Kalyani Forge Q3 FY26 revenue dipped to Rs 57.86 crore from Rs 58.62 crore YoY. PAT swung to a Rs 11.90 lakh loss from Rs 1.82 crore profit last year, hit by higher tax and finance costs. 9M FY26 PAT fell to Rs 3.44 crore vs Rs 6.09 crore. Auditor M.P. Chitale flagged unresolved stock valuation, pending reconciliations, and weak internal controls, declining to give a clean conclusion. Jagdish Baheti appointed as new CFO.

Likely market impact

Q3 small loss and 9M profit down 44 percent signal weakness. Auditor qualifications on valuation and reconciliations may concern investors.