Pursuant to Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation 2015 we would like to inform you that the Board of Directors ....
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Muller & Phipps (India) Ltd's Board approved unaudited financial results for Q3 FY26 (quarter ended 31 Dec 2025) and nine months ended Dec 2025. Standalone revenue from operations for Q3 stood at Rs. 139.12 lakhs, down from Rs. 151.43 lakhs in Q3 FY25, while the company posted a net loss of Rs. 38.57 lakhs for the quarter versus a loss of Rs. 11.91 lakhs a year ago. For the nine-month period, standalone revenue dipped marginally to Rs. 412.82 lakhs (from Rs. 421.69 lakhs), but the company swung to a net profit of Rs. 29.17 lakhs against a loss of Rs. 27.90 lakhs in the comparable period, aided by higher other income. Consolidated results were largely similar, with a Q3 loss of Rs. 38.66 lakhs and a 9M profit of Rs. 28.05 lakhs. The statutory auditor flagged a 'Going Concern' emphasis of matter, noting accumulated losses of Rs. 244.81 lakhs and a negative net worth of Rs. 182.31 lakhs on a standalone basis (Rs. 245.79 lakhs losses and Rs. 183.29 lakhs negative net worth consolidated).
Despite the year-to-date turnaround into profit, the auditor's going concern flag, negative net worth, and a wider Q3 loss raise serious doubts about the company's financial sustainability. Shareholders should view this as a high-risk situation; the stock is likely to remain under pressure until the company demonstrates a clear path to sustained profitability and equity restoration.