Quadrant Future Tek Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
QUADFUTURE · price
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Quadrant Future Tek Limited reported unaudited Q3 FY26 revenue of ₹332.79 million, up about 23% from ₹270.06 million in the year-ago quarter. However, the company posted a net loss of ₹146.97 million in Q3 FY26, wider than the ₹84.51 million loss in Q3 FY25. For the nine-month period, revenue rose to ₹964.10 million, but the net loss more than doubled to ₹440.96 million from ₹213.32 million a year earlier. The Cable Division remained marginally profitable (₹9.52 million segment profit before depreciation/interest/tax for 9M FY26), but the Train Control Systems (TCS) division is the main drag with a segment-level loss of ₹453.04 million. Auditor Sanmarks & Associates issued a clean (unqualified) limited review report with no qualifications. The company also noted that it has utilised ₹2,481.28 million of its January 2025 IPO proceeds, with ₹418.72 million still unutilized, mainly earmarked for Electronic Interlocking System capex and issue-related expenses.
Worsening losses—driven almost entirely by the TCS division—point to ongoing cash burn and a challenging path to profitability, which is negative for near-term shareholder sentiment. Revenue growth and a still-profitable Cable business offer some cushion, but investors should monitor TCS division losses and IPO fund utilisation closely.