Max India Q3 FY26: revenue up 24% YoY, loss at Rs 42.85 cr, UK sub going concern flag

Going ConcernEmphasis Of MatterRevenue Growth 20pctPat NegativeExceptional ItemRelated Party TransactionsResults View source PDF Explain this filing

MAXIND · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

-0.7%Reaction day

₹169.10

prior close

₹171.17

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.5%-0.1% vs market

Holding Company peers, median of 12sector+0.6%-1.3% vs sector

On the reaction day the stock moved 0.1 pts less than Nifty Microcap 250 and 1.3 pts less than its Holding Company 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

+0.5

10m

-1.7

15m

-2.4

30m

-3.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.7-0.5-0.1+0.6-1.3

Next day

+0.4-1.0+1.4+0.7-0.2

-0.1-2.5+2.4-0.6+0.6

-5.1-3.2-1.9-1.4-3.7

-3.8-2.2-1.6-1.3-2.5

-3.8-1.9-1.9-0.0-3.8

-5.3-3.5-1.8-2.3-3.0

15d

-10.7-8.8-1.9-9.6-1.1

-9.6-9.3-0.3-10.7+1.1

-11.2-4.5-6.7-8.7-2.5

+2.6+5.4-2.7-8.8+11.4

UpDownMarket · Nifty Microcap 250Sector · Holding Company peers, median of 12Pending

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

AI summary

Max India Q3 FY26 consolidated revenue rose 24% YoY to Rs 43.10 cr; 9-month revenue up 20% to Rs 124.93 cr. Loss stood at Rs 42.85 cr for Q3 and Rs 102.56 cr for 9M vs Rs 44.60 cr and Rs 94.30 cr YoY. Exceptional items include Rs 9.53 cr profit on Max Tower floor sale. Auditor flagged going concern for Max UK subsidiary (ceased operations April 2025) and emphasized pending Noida OC matters for JV Contend Builders.

Likely market impact

Revenue growing but losses persist; going concern flag on UK sub and Noida project uncertainty are negatives; watch for next hearing on Feb 19, 2026.