Board clears Q3 FY26 results, CS change, postal ballot on borrowing limit
MTARTECH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.7 pts more than Nifty Microcap 250 and 5.4 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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Board approved Q3 FY26 standalone and consolidated results. Standalone revenue INR 2,779 mn (up about 59% YoY from 1,744 mn), PAT INR 351.68 mn versus 163.31 mn. Nine month PAT grew around 28.6% to 509.87 mn. An exceptional item of INR 37.67 mn was booked for the new Labour Codes. Merger scheme of two wholly owned subsidiaries awaits regulatory approvals. Company Secretary Naina Singh resigned; Priyanka Agarwal appointed from Feb 2. Postal ballot proposed to raise borrowing limits, asset disposal powers, and revise independent director commission.
Strong Q3 earnings and profit growth are positive. Higher borrowing limits and asset disposal powers indicate possible expansion plans needing shareholder approval.