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The board of Mahalaxmi Seamless Limited met on February 13, 2026 and approved unaudited financial results for Q3 FY26 (quarter ended December 31, 2025), along with a clean limited review report from statutory auditor Agrawal Jain & Gupta. Q3 FY26 revenue from operations came in at roughly Rs 45.28 crore versus about Rs 47.10 crore in the year-ago quarter, a YoY decline of around 4%. For the nine months ended December 2025, revenue stood at about Rs 136.28 crore compared to Rs 141.18 crore in the prior-year period, also showing a slight contraction. Profit after tax for the nine-month period dropped sharply to roughly Rs 9.70 crore from Rs 18.37 crore earlier, a near-47% fall. Other equity remains negative at Rs 575.02 lakh, indicating accumulated losses continue to outweigh reserves.
Both top-line and bottom-line contracted YoY, with PAT nearly halving over nine months — a weak read for shareholders. The persistent negative reserves and shrinking profits may weigh on sentiment, although the auditor raised no qualifications or emphasis of matter.