Q3 FY26 results: Revenue dips YoY, Rs 513.86M tax demand under appeal
KRSNAA · price
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On the reaction day the stock moved 1.7 pts less than Nifty Microcap 250 and 3.1 pts less than its Healthcare Service Provider peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Krsnaa Diagnostics posted Q3 FY26 standalone revenue of Rs 1,594.32M, down 3.5% YoY from Rs 1,651.57M and down 12.8% QoQ. Standalone profit fell to Rs 164.92M from Rs 216M. On consolidated basis, 9-month revenue grew 9.2% to Rs 5,801.70M with profit up 4.9% to Rs 597.11M. An income tax demand of Rs 513.86M from search proceedings is under appeal; Rs 102.77M paid under protest. New show cause notices for AY 18-19 and 19-20 received. Management expects no material impact. Auditor issued an emphasis of matter on the tax issue.
Weak Q3 revenue and profit print may weigh on sentiment. Rs 513.86M tax demand remains a key overhang despite management's view of no material impact.