Approval of Financial Results of Q3-December-2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.5 pts more than Nifty Microcap 250 and 1.6 pts more than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Meera Industries reported a sharp year-on-year decline in Q3 FY26 standalone revenue from operations at Rs. 378.65 lakhs, down from Rs. 716.42 lakhs in Q3 FY25, roughly a 47% drop. For the nine-month period, revenue fell to Rs. 2,754.18 lakhs from Rs. 3,244.96 lakhs (~15% YoY decline). Standalone profit after tax for the quarter dropped to Rs. 30.57 lakhs from Rs. 134.45 lakhs, while 9M PAT slipped to Rs. 153.71 lakhs from Rs. 389.47 lakhs. The Machine Division bore the brunt of the slowdown, whereas the Plastic Division showed healthy growth in both revenue and nine-month performance. The board also fixed March 6, 2026 as the record date for a stock split (1 equity share of Rs. 10 face value to be split into 2 shares of Rs. 5 each), and additionally appointed existing Chairman and Managing Director Mr. Dharmesh Desai as Chief Financial Officer. The statutory auditor issued an unmodified limited review report on both standalone and consolidated results, with no emphasis-of-matter or qualification.
Weak quarterly numbers, especially the steep YoY revenue and profit fall, may pressure the stock in the near term despite the plastic segment's strength. The stock split should improve affordability and liquidity, but combining the CMD and CFO roles in one person is a corporate governance red flag that institutional investors may flag.