Outcome of the Board meeting dated February 13, 2026.
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The Board approved unaudited standalone financial results for Q3 FY26 and 9M FY26. Revenue from operations for Q3 FY26 stood at Rs. 16,001.79 lacs, up about 53% year-on-year from Rs. 10,442.62 lacs in Q3 FY25. For 9M FY26, revenue rose to Rs. 47,161.05 lacs versus Rs. 35,358.02 lacs in 9M FY25, a growth of roughly 33%. Profit after tax for Q3 FY26 came in at Rs. 190.66 lacs (vs Rs. 52.62 lacs in Q3 FY25, a ~3x jump), while 9M FY26 PAT was Rs. 541.92 lacs versus Rs. 1,015.24 lacs in 9M FY25 — the decline reflects an exceptional item gain of Rs. 471.48 lacs in the prior-year period that has not repeated. Basic EPS for Q3 was Rs. 0.22 (vs Rs. 0.062). The limited review by M. Lal & Co. was clean, with no qualifications or adverse remarks.
Strong top-line growth and a sharp sequential rise in quarterly profits are positive for shareholders, indicating improving scale. However, thin margins (low single-digit) and the absence of the prior-year exceptional gain mean headline 9M earnings look weaker — investors should focus on the underlying operating performance rather than the year-on-year PAT comparison.