Outcome of Board Meeting dated 10.02.2026
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Awaiting price reaction for this filing.
The board approved unaudited standalone and consolidated financial results for the quarter and nine months ended 31 December 2025. Standalone total revenue from operations for 9M FY26 stood at Rs. 2,016.81 lakhs, up about 12.7% from Rs. 1,788.92 lakhs in 9M FY25. Q3 FY26 revenue was Rs. 675.66 lakhs versus Rs. 600.25 lakhs in Q3 FY25, a rise of roughly 12.6%. Net profit for 9M FY26 jumped to Rs. 299.29 lakhs from Rs. 202.79 lakhs, a growth of about 47.6%, pushing 9M EPS to Rs. 1.78 from Rs. 1.21. However, Q3 FY26 standalone net profit fell sharply to Rs. 21.24 lakhs from Rs. 73.99 lakhs in Q3 FY25, mainly because the company booked a current tax expense of Rs. 140 lakhs in Q3 versus a lower tax outgo last year. Limited review reports from statutory auditor PMPK & Co were clean, with no qualifications. The company has two operating segments (Manufacturing via subsidiaries and Rent) and two subsidiaries, Phoenix Cement Ltd and Phoenix Industries Ltd.
On a cumulative basis, the company is showing solid profit growth driven by the Rent segment, which is positive for shareholders. The weak Q3 print is largely a tax-timing effect rather than an operational issue, so the near-term reaction may be muted. Investors should focus on the 9M PAT growth and steady segment performance rather than the volatile quarterly PAT.