Nitiraj Engineers Limited has informed the Exchange regarding Board meeting held on February 13, 2026.
NITIRAJ · price
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Nitiraj Engineers Limited's board, at its meeting on February 13, 2026, approved the unaudited standalone financial results for the quarter ended December 31, 2025 (Q3 FY26) and the nine months ended December 31, 2025 (9M FY26), along with the Limited Review Report from auditor Sharp Aarth & Co LLP. Revenue from operations fell sharply to Rs 1,130.69 lakhs in Q3 FY26 from Rs 3,708.20 lakhs in Q3 FY25, a year-on-year decline of roughly 69.5%; for 9M FY26, revenue dropped to Rs 3,823.30 lakhs from Rs 5,391.10 lakhs in 9M FY25 (about 29% lower). Profit after tax collapsed to Rs 39.42 lakhs in Q3 FY26 from Rs 651.44 lakhs in Q3 FY25, and 9M FY26 PAT fell to Rs 169.79 lakhs from Rs 488.65 lakhs, with EPS sliding to Rs 0.38 from Rs 6.35. Profit before tax margin compressed to about 4.5% in Q3 FY26 from around 23.4% in Q3 FY25, indicating significant margin compression. The auditor issued an unmodified (clean) limited review report with no qualifications or emphasis-of-matter paragraphs.
The steep YoY drop in both revenue (~69.5% for Q3) and profitability is a clearly negative signal for the stock, and the substantial margin compression suggests either demand weakness, pricing pressure, or one-off cost impacts that management will need to explain. While the clean auditor opinion removes any concerns about the integrity of the reported numbers, the underlying business performance has materially deteriorated and is likely to weigh on sentiment and near-term price action.