The Board of Directors in their meeting held today i,e, 10th February, 2026 have considered and approved the Unaudited Standalone & Consolidated Financial results for the quarter and nine ....
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Modern Insulators Ltd's board, at its meeting on 10 February 2026, approved unaudited standalone and consolidated financial results for the quarter ended 31 December 2025 (Q3 FY26) and nine months ended 31 December 2025 (9M FY26). Standalone revenue from operations surged about 60% year-on-year to Rs. 19,939 lacs in Q3, while 9M FY26 revenue jumped around 51% to Rs. 51,727 lacs. Standalone profit after tax nearly doubled to Rs. 5,833 lacs in 9M FY26 (vs Rs. 3,015 lacs), with Q3 PAT of Rs. 2,466 lacs rising about 167% YoY; EPS for 9M stood at Rs. 12.37 versus Rs. 6.39 earlier. The statutory auditor issued a qualified review report, flagging that tax provisions of Rs. 691.50 lacs for 9M FY26 (cumulative Rs. 12,535.69 lacs) were not made pending the proposed amalgamation with Modern Denim Ltd. The board also re-appointed M/s S. Garg & Co. as Internal Auditor for FY 2026-27 and disclosed interest-free unsecured loans of Rs. 7,234 lacs to a Section 189 company and Rs. 1,678 lacs to its wholly-owned subsidiary.
Strong topline and bottomline growth driven mainly by the Insulators segment is positive for shareholders, but the qualified auditor opinion, large interest-free related-party loans, and the ongoing NCLT amalgamation scheme with Modern Denim Ltd are points worth watching closely.