Outcome of Board Meeting under Regulations 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations")
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Nalwa Sons Investments, a holding and investment company, reported its Q3 FY26 (ended Dec 31, 2025) results. Standalone total income for 9M FY26 fell to ₹5,963.39 lakhs from ₹8,032.63 lakhs in 9M FY25, a drop of about 26%, mainly due to sharply lower dividend income. Standalone profit after tax for 9M FY26 came in at ₹4,253.77 lakhs (down from ₹5,949.40 lakhs), with EPS of ₹82.82 vs ₹115.83. On a consolidated basis, 9M FY26 PAT declined to ₹5,118.21 lakhs from ₹7,243.39 lakhs (down ~29%), with EPS of ₹99.65 vs ₹141.03. Other Comprehensive Income was deeply negative (-₹51,824.73 lakhs standalone, -₹40,185.16 lakhs consolidated) due to mark-to-market declines in equity investments. The auditors (N.C. Aggarwal & Co.) issued an unqualified limited review report. A small exceptional item of ₹2.36 lakhs was recorded for incremental gratuity provision under the new Labour Codes.
Investors should note weaker core earnings driven by reduced dividend income from investee companies, though the bottom-line PAT remains comfortably positive. The very large negative OCI reflects paper losses on equity holdings and is non-cash, but it signals significant volatility in the value of the company's investment portfolio. Short-term sentiment may be cautious given the year-on-year earnings decline, though the long-term thesis depends on the performance of underlying investee firms.