Pursuant to Regulation 30 read with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, we wish to inform you that the Board of Directors in ....
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Modern Steels Ltd's Board of Directors approved the standalone unaudited financial results for Q3 FY26 and the nine months ended 31st December 2025, with a limited review report (unmodified) issued by statutory auditor APT & Co LLP. The company reported total income of Rs 30 lacs in Q3 FY26 versus Rs 23 lacs in Q3 FY25, and net profit of Rs 10 lacs versus a loss of Rs 2 lacs in the same quarter last year. For the nine months, total income grew to Rs 108 lacs from Rs 67 lacs, and the company swung to a net profit of Rs 39 lacs compared to a loss of Rs 9 lacs in the prior-year period, with EPS of Rs 0.28 versus negative Rs 0.07. Importantly, the company has no manufacturing operations as its assets were earlier sold under a slump sale at Mandi Gobindgarh, and the results are prepared on a going concern basis assuming management resumes commercial activity.
Shareholders should note that the company is currently asset-light with no manufacturing operations, so profitability is driven mainly by other income rather than core business activity. The turnaround from loss to profit and strong revenue growth in 9M FY26 are positive signs, but sustainability depends entirely on management's plans to restart commercial operations.