We wish to inform you that pursuant to applicable provisions of SEBI LODR Regulations, the Board of Directors at their meeting held today i.e. 13th February, 2026 inter alia, considered ....
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Awaiting price reaction for this filing.
Milkfood Ltd's Board on 13th February 2026 approved unaudited standalone results for Q3 FY26 (quarter ended 31 Dec 2025) and the nine-month period. Revenue from operations fell sharply to Rs. 8,629 lakhs in Q3 from Rs. 11,328 lakhs a year ago (down ~24%), and to Rs. 23,400 lakhs for 9M from Rs. 28,973 lakhs (down ~19%). The company swung to a loss after tax of Rs. 713 lakhs for 9M FY26 versus a profit of Rs. 210 lakhs in 9M FY25, though Q3 alone posted a small PAT of Rs. 141 lakhs. The statutory auditor (Madan & Associates) issued a modified review report citing a Rs. 251 lakh depreciation reversal from re-evaluating vehicle useful life, which understated the loss. Other income also includes a Rs. 310 lakh write-back of old security deposits. Contingent liabilities stand at Rs. 4,364 lakhs, including a confirmed GST demand of Rs. 1,896 lakhs from Ludhiana and Rs. 72 lakhs from Jaipur, both under appeal. The Moradabad unit has been classified as 'held for sale' following an asset purchase agreement signed in January 2026.
Negative near-term sentiment likely — sharp revenue decline, 9M swing to loss, modified auditor opinion, and large pending GST demand (Rs. 1,896 lakhs) raise concerns about profitability and cash outflows, though the company believes it has a strong case on appeal.