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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.9 pts more than Nifty Microcap 250 and 3.9 pts more than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Modern Insulators Ltd reported strong Q3 FY26 results with standalone revenue from operations rising about 60% year-on-year to Rs. 19,939 lacs and profit after tax jumping to Rs. 2,466 lacs from Rs. 925 lacs. For the nine months ended December 2025, revenue grew roughly 51% to Rs. 51,727 lacs while PAT nearly doubled to Rs. 5,833 lacs (from Rs. 3,015 lacs), pushing EPS to Rs. 12.37. The Insulators segment drove the growth (9M revenue up ~57%), while the Terry Towels segment remained flat. The auditor issued a qualified review report because tax provisions of Rs. 269 lacs (Q3) and Rs. 691 lacs (9M) were not booked pending a proposed amalgamation with Modern Denim Ltd. The board also re-appointed M/s S. Garg & Co. as Internal Auditor for FY27 and noted an NCLT order on the merger scheme.
The sharp revenue and profit growth is positive for shareholders, but the qualified audit opinion (driven by unpaid tax provisions linked to the pending merger) and large interest-free loans to related parties worth over Rs. 8,900 lacs are areas investors should watch closely.