Out come of Board Meeting
Awaiting price reaction for this filing.
The Board of Directors approved unaudited standalone financial results for the quarter and nine months ended December 31, 2025. Core revenue from operations remained zero across all current periods, with only 'Other Operating Revenue' of Rs 314.87 lakhs in Q3 and Rs 951.21 lakhs for 9M FY26, down from Rs 1,072.62 lakhs in 9M FY25. Despite the revenue weakness, the company reported a net profit of Rs 291.72 lakhs in Q3 (vs a loss of Rs 3.77 lakhs in Q3 FY25) and Rs 869.98 lakhs for 9M FY26 (vs Rs 117.93 lakhs in 9M FY25). EPS stood at Rs 0.58 for the quarter and Rs 1.73 for 9M FY26. The filing notes that the company is undergoing capital restructuring, including reduction of share capital, which is still in progress, and reserves remain deeply negative at Rs -803,678.88 lakhs as of March 2025.
Profitability improved sharply, but the zero core revenue, massive negative reserves, and ongoing capital restructuring signal serious underlying financial distress — shareholders should treat this as a high-risk situation despite the headline profit.