Outcome of Board Meeting
Price
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Awaiting price reaction for this filing.
The Board of Padmanabh Industries, at its meeting on 5th February 2026, approved the unaudited standalone financial results for the quarter and nine months ended 31st December 2025. Revenue from operations surged sharply to Rs. 719.99 lakhs in Q3 FY26 from Rs. 64.52 lakhs in Q3 FY25, while nine-month revenue nearly tripled to Rs. 731.49 lakhs (9M FY25: Rs. 309.69 lakhs). The company swung to a net profit of Rs. 22.46 lakhs in Q3 FY26 compared to a loss of Rs. 5.51 lakhs in the year-ago quarter, but nine-month profit remained thin at Rs. 1.02 lakhs. The company's reserves stood negative at Rs. (615.45) lakhs. Statutory auditor S K Bhavsar & Co. issued a limited review report with an emphasis of matter flagging that trade receivables, trade payables, and loans/advances are pending comprehensive verification and external confirmation.
The sharp revenue jump is a positive signal, but wafer-thin profitability and accumulated negative reserves suggest financial weakness. The auditor's emphasis of matter on unverified receivables and payables is a governance red flag investors should watch closely.