Outcome of the Board Meeting held on Monday January 19, 2026
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Awaiting price reaction for this filing.
The Board of Directors approved the unaudited standalone financial results for Q3 FY26 (Oct-Dec 2025) and 9M FY26 (Apr-Dec 2025), with a limited review report from Sharpaarth & Co LLP. Revenue from operations for Q3 FY26 stood at Rs. 757 lakhs vs Rs. 2,463.41 lakhs in Q3 FY25, a sharp drop of about 69% year-on-year. For the 9M period, revenue fell to Rs. 1,574.26 lakhs from Rs. 4,911.30 lakhs last year, again a steep ~68% decline. Profit After Tax for 9M FY26 was Rs. 224.58 lakhs (EPS Rs. 2.14) compared to Rs. 204.74 lakhs (EPS Rs. 3.71) in 9M FY25, showing a modest ~10% growth in earnings even as the topline collapsed. The company operates a single segment - manufacturing of Metallic Yarn and Textile Fabrics.
The dramatic fall in revenue is a major red flag for shareholders and is likely to weigh negatively on the stock, as it suggests either loss of customers, pricing pressure, or operational issues. However, the relatively stable profit indicates margins have expanded significantly on the remaining business, which could be a silver lining if the company has exited low-margin operations.