The Board of Directors at their meeting held today ie. 13.02.2026 inter alia, considered and approved the unaudited financial results of the Company for the quarter and nine months ended ....
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Milkfood's Board approved unaudited results for Q3 FY26 and 9M FY26. Revenue from operations fell sharply to Rs 8,629 lakhs in Q3 (vs Rs 11,328 lakhs in Q3 FY25, a ~24% drop) and to Rs 23,400 lakhs for 9M FY26 (vs Rs 28,973 lakhs, ~19% decline). The company swung to a loss before tax of Rs 748 lakhs for 9M FY26 versus a profit of Rs 390 lakhs a year ago; net loss for 9M was Rs 713 lakhs against a profit of Rs 210 lakhs, with diluted EPS at (Rs 2.92). Q3 alone reported a small net profit of Rs 141 lakhs, helped by Rs 310 lakhs write-back of old security deposits credited to other income. The statutory auditor issued a modified review opinion, drawing attention to a retrospective re-evaluation of vehicle useful life that reversed Rs 251 lakhs of depreciation into other income and understated the loss to that extent.
Topline has been shrinking for two successive quarters and the company has reported a loss on a 9-month basis, which is negative for shareholder sentiment. However, the Q3 swing back to profit and margin improvement (PBT positive after two loss-making quarters) shows early signs of recovery; large pending GST demands (Rs 1,896 lakhs + penalty, and Rs 72 lakhs) and total contingent liabilities of Rs 4,364 lakhs remain a key risk overhang.