In pursuance of Regulation 33 read with Regulation 30 of SEBI(LODR)Regulations, 2015 we are attaching herewith the textual matter of Unaudited Financial Results for the Quarter/Nine Months ....
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Olympic Cards Ltd reported a turnaround to a net profit of Rs 330.89 lakhs (after tax) for Q3 FY26, compared to a loss of Rs 114.30 lakhs in the year-ago quarter. However, this swing is largely flattered by two one-time items: a tax credit of Rs 222.02 lakhs and a profit of Rs 224.18 lakhs from the sale of factory land and building (booked under other income). Underlying net sales from operations grew 47.6% YoY to Rs 335.65 lakhs, and operational profit before tax improved to Rs 108.87 lakhs from a loss of Rs 116.40 lakhs. For the nine-month period, net sales rose 31% to Rs 857.30 lakhs and net profit after tax stood at Rs 129.05 lakhs versus a loss of Rs 345.68 lakhs last year. The Board also approved a reduced capex ceiling of Rs 10 lakhs for FY27, cut the Company Secretary's salary, and approved related party transactions and unsecured interest-free loans from directors totalling Rs 900 lakhs. Accumulated losses continue to drag reserves into the negative at Rs 1,499.37 lakhs, and GST dues of about Rs 2.92 crores remain under appeal.
The headline profit bounce is mostly driven by one-time gains (asset sale and tax credit) rather than steady operating performance, so the stock may not sustain the implied earnings momentum. Negative reserves, pending GST liabilities, and EPF/ESI delays are watchpoints; sustained operational profit growth would be needed to support a re-rating.