Results for the Quarter ended on 31st December 2025
MCCHRLS-B · price
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Mac Charles (India) reported standalone revenue from operations of ₹327.33 million for Q3 FY26, up sharply from ₹27.69 million in Q3 FY25, with total income rising to ₹524.08 million from ₹198.71 million. Despite better operating performance (profit before exceptional items of ₹105.44 million vs loss of ₹118.68 million), the company swung to a loss after tax of ₹501.76 million for the quarter and ₹565.17 million for 9M FY26, primarily due to a one-time exceptional charge of ₹607.20 million related to prepayment penalties on refinancing existing ICICI Bank and Hero Fincorp term loans with a new SBI facility. Consolidated loss after tax widened to ₹634.52 million in Q3 and ₹1,009.42 million for 9M FY26. The company also released ₹130.50 million in additional inter-corporate deposits to its subsidiary Mac Charles Hub Projects (total ₹4,182.77 million to date), while the subsidiary issued ₹2,150 million worth of NCDs as part of a larger ₹5,400 million proposed issuance.
The headline loss is driven by a one-time, non-cash/exceptional refinancing cost rather than weak operations; however, shareholders face continued losses, a high debt-to-equity ratio of ~2.93x (standalone), and ongoing dilution of value as more funds flow to subsidiaries. Near-term stock sentiment may be negative due to the widened quarterly loss, though the loan refinancing could lower future finance costs.