Pursuant to regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that the Board of Directors ....
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The Board of Nikhil Adhesives approved unaudited financial results for Q3 FY26 (quarter ended 31 Dec 2025) and 9M FY26. Revenue from operations stood at ₹13,307.41 lakhs for Q3 (vs ₹13,421.38 lakhs in Q3 FY25, a marginal dip) and ₹38,759.86 lakhs for 9M FY26 (vs ₹44,306.73 lakhs, a ~12.5% decline). Profit after tax was ₹352.00 lakhs for Q3 (slightly up from ₹346.66 lakhs) but fell to ₹1,108.22 lakhs for 9M FY26 (vs ₹1,246.38 lakhs). The company booked an exceptional item of ₹36.56 lakhs toward gratuity following new Labour Codes, and wrote back a deferred sales tax liability of ₹70.50 lakhs (flagged by the auditor as an Emphasis of Matter). Prior period figures were restated due to a change in inventory valuation method from FIFO to Weighted Average/Standard Cost. A tax computation error for Q2 FY26 was also corrected, reducing previously reported PAT.
Revenue and profit after tax are down year-on-year for the nine-month period, signaling softness in the adhesives business, though Q3 PAT held steady. The restatement, auditor emphasis on the sales tax write-back, and exceptional gratuity charge are points investors should watch for earnings quality and comparability.