NECC Q3 FY26 results: profit nearly doubles, but 9M revenue declines, qualified opinion

Qualified OpinionRevenue DeclineNegative Operating CashflowResults View source PDF Explain this filing

NECCLTD · price

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Price reactionminutes from the announcement price · days from the prior close

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₹14.20

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+2.6%+1.2% vs market

Logistics Solution Provider peers, median of 47sector+0.5%+3.3% vs sector

On the reaction day the stock moved 1.2 pts more than Nifty Microcap 250 and 3.3 pts more than its Logistics Solution Provider peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

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Next day

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UpDownMarket · Nifty Microcap 250Sector · Logistics Solution Provider peers, median of 47Pending

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AI summary

NECC reported audited Q3 FY26 revenue of Rs 7,196.82 lakhs (up from Rs 7,074.60) and net profit of Rs 345.23 lakhs (up from Rs 181.80). For 9M FY26, revenue fell to Rs 21,181.40 lakhs from Rs 24,062.76, and net profit declined to Rs 705.06 lakhs from Rs 849.24. Auditor issued a qualified opinion on no provision for doubtful debts, non-recognition of right-to-use assets, and pending balance confirmations. Operating cash flow stayed negative at Rs (226.75) lakhs for 9M FY26.

Likely market impact

Mixed results: Q3 profit surged but 9M revenue and profit declined. Auditor qualifications and negative operating cash flow are concerns for investors.