The Board of Directors considered and approved the Unaudited Financial Results for the Quarter ended 31 December, 2025.
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New Light Industries Ltd reported a sharp decline in Q3 FY26 performance, with revenue from operations falling to ₹138.92 lakhs from ₹773.20 lakhs in the same quarter last year — a drop of about 82%. Profit after tax for the quarter also tumbled to ₹2.12 lakhs from ₹54.50 lakhs, with EPS at just ₹0.01 versus ₹0.07 earlier. For the nine months ended December 2025, revenue declined roughly 58% YoY to ₹585.69 lakhs, and profit after tax fell to ₹33.54 lakhs from ₹90.89 lakhs. The statutory auditor (NGMKS & Associates) issued an unqualified limited review report with no qualifications or emphasis of matter. Separately, the board approved a strategic diversification into the automobile parts sector and identified Jonquil Global Private Limited as a potential acquisition target to make it a subsidiary, subject to due diligence and approvals.
The steep revenue and profit contraction signals serious pressure on the existing business, which may weigh on the stock in the short term. However, the proposed entry into the auto parts sector through the Jonquil acquisition could be a meaningful growth pivot if executed successfully.