Please find the enclosed Financial Results ended December, 2025.
Awaiting price reaction for this filing.
Fedders Electric reported a strong revenue jump in 9M FY26 at Rs. 424.49 Cr, nearly doubling from Rs. 210.50 Cr in 9M FY25 (about 102% growth). Q3 FY26 standalone revenue stood at Rs. 88.69 Cr vs Rs. 53.49 Cr a year ago, while total income for the quarter was Rs. 93.72 Cr. Despite the topline surge, profitability weakened: profit for the period fell to Rs. 38.88 Cr in 9M FY26 from Rs. 67.83 Cr in 9M FY25, and Q3 FY26 PAT was Rs. 3.97 Cr, indicating sharp margin compression versus the year-ago quarter. Other Income in these results includes a one-time Rs. 26.44 Cr reinstatement of trade receivables that had earlier been fully written off. The statutory auditor (O. Aggarwal & Co.) issued a Qualified Conclusion, flagging multiple concerns including non-maintenance of the fixed assets register, non-transfer of Rs. 47.65 lakh to IEPF, improper accounting of 0.50% cumulative preference shares under Ind AS 109, lack of documentation for travel expenses, and inadequate support for the Rs. 26.44 Cr receivable reinstatement.
The doubling of revenue without profit growth signals meaningful margin pressure and cost overruns, weakening the earnings story. The auditor's qualified opinion on multiple accounting and disclosure issues is a red flag for governance. The company has also received NCLT approval (Oct 16, 2025) to delist from NSE and BSE, and with 100% promoter holding, public shareholders face uncertainty around exit liquidity.