Attached is Unaudited Financial Results for the quarter and nine months ended 31st December, 2025
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National General Industries Ltd (makers of engineering steel under the Modi Steel brand) announced its Q3 FY26 results along with the nine-month figures ended 31 December 2025. Net sales for the quarter stood at Rs 273.04 lakhs, up from Rs 210.93 lakhs in the previous quarter but slightly below Rs 262.75 lakhs in Q3 FY25. Net profit for the quarter came in at Rs 14.85 lakhs (EPS Rs 0.33), down from Rs 20.40 lakhs a year ago. However, the cumulative nine-month picture is weak — revenue fell to Rs 645.71 lakhs from Rs 758.64 lakhs (a drop of about 15%) and the company slipped into a loss of Rs 31.25 lakhs against a profit of Rs 63.02 lakhs in the same period last year. The auditor (R.K. Govil & Co.) issued an unmodified limited review report with no qualifications. The board also approved shifting the registered office within New Friends Colony, New Delhi, from the 3rd Floor to the 1st Floor of the same building effective 16 February 2026.
Short-term shareholders face a negative read as the company has swung to a year-to-date loss and revenue has shrunk ~15% YoY, indicating margin pressure in the steel segment. The registered office shift is administrative and has no material impact. The forfeited shares (10.47 lakh partly paid-up shares) are a housekeeping action and not financially material.