Unaudited Finacial Results for 3rd Quarter ended on 31-12-2025
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Piccadily Sugar & Allied Industries reported its Q3 FY26 (ended 31 Dec 2025) and nine-month results, approved by the board on 20 January 2026. Total income for Q3 stood at Rs 186.18 lakhs, roughly flat year-on-year (Rs 173.25 lakhs in Q3 FY25). For the nine months, the company swung to a net profit of Rs 170.94 lakhs from a loss of Rs 106.99 lakhs a year ago. However, this turnaround was largely driven by an exceptional item of Rs 227.69 lakhs — excluding it, the company would still be in a small operating loss. The auditor (Jain & Associates) issued an unqualified limited review report.
Headline profit turnaround masks weak core operations, as revenue is stagnant and the company's other equity remains deeply negative at Rs (1,197.79) lakhs. Investors should watch execution of the upcoming ENA/Ethanol plant, which is the company's stated growth driver, before drawing comfort from these numbers.