Outcome of Board Meeting
Price
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Panchmahal Steel's board approved its unaudited financial results for Q3 FY26 and the nine months ended December 31, 2025 on January 29, 2026. Revenue from operations for Q3 stood at Rs 9,810.57 lakhs, up from Rs 9,263.21 lakhs in the previous quarter but largely flat versus Rs 9,472.09 lakhs in Q3 last year. For the nine-month period, revenue fell to Rs 27,827.82 lakhs from Rs 29,189.28 lakhs a year earlier. The company slipped into a loss before tax of Rs 18.66 lakhs for 9M FY26, compared to a profit of Rs 725.98 lakhs in 9M FY25, while Q3 alone posted a PBT of Rs 164.49 lakhs (vs Rs 223.49 lakhs in Q3 FY25). Profit after tax for 9M FY26 was a loss of Rs 14.46 lakhs against a profit of Rs 535.46 lakhs last year, and 9M EPS turned negative at Rs (0.08) versus Rs 2.81 earlier. Q3 EPS was Rs 0.64, up from Rs 0.29 in the previous quarter but lower than Rs 0.87 in Q3 FY25.
Shareholders should note a clear year-on-year deterioration: the company has moved from healthy nine-month profits to a small loss, mainly on weaker nine-month revenue and higher input costs. The sequential improvement in Q3 profitability is a modest positive, but the overall nine-month loss and lower EPS compared to last year are likely to weigh on sentiment.