Q3 FY26 weak; losses widen, wind asset sale approved

Revenue declinedNet loss reportedEBITDA margin compressionResults View source PDF Explain this filing

MADHAV · price

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

+12.7%Reaction day

₹37.62

prior close

₹42.85

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.5%+13.2% vs market

Granites & Marbles peers, median of 7sector-1.8%+14.5% vs sector

On the reaction day the stock moved 13.2 pts more than Nifty Microcap 250 and 14.5 pts more than its Granites & Marbles peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+2.6

10m

+0.8

15m

-0.2

30m

+1.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+12.7-0.5+13.2-1.8+14.5

Next day

+7.4-1.0+8.4-2.7+10.1

-0.6-2.5+1.9-3.5+2.9

-1.7-3.2+1.5-6.2+4.5

+1.0-2.2+3.2-5.4+6.4

+0.9-1.9+2.8-4.2+5.1

+0.8-3.5+4.2-5.2+5.9

15d

-4.3-8.8+4.5-14.9+10.6

-3.0-9.3+6.3-17.6+14.5

-8.3-4.5-3.8-16.8+8.5

-0.2+5.4-5.5-15.0+14.8

UpDownMarket · Nifty Microcap 250Sector · Granites & Marbles peers, median of 7Pending

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

AI summary

Q3 FY26 standalone net sales dipped to Rs 660.25 lakhs from Rs 685.09 lakhs YoY. Standalone PBT swung to a Rs 15.34 lakh loss from a Rs 75.42 lakh profit. Consolidated 9M FY26 loss widened to Rs 174.47 lakhs. The Granite and Stone segment slipped into losses. Board approved capital infusion in subsidiary Madhav Ashok Ventures and sale of two wind energy generators in Tamil Nadu.

Likely market impact

Weak core performance and a wider consolidated loss may pressure the stock. Wind asset sale could bring in cash but signals restructuring.