Outcome of the Meeting of Board of Directors held on Friday, 13th February, 2026 at 04:00 P.M.
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The Board of Directors of Rishabh Digha Steel & Allied Products Ltd, at its meeting held on February 13, 2026, approved the standalone unaudited financial results for the quarter ended December 31, 2025. The company reported a revenue from operations of Rs 7.80 lakhs in Q3 FY26 (vs nil in Q3 FY25), with total income rising to Rs 37.01 lakhs from Rs 31.09 lakhs. It swung to a profit after tax of Rs 6.21 lakhs in Q3 FY26 from a loss of Rs 74.93 lakhs in Q3 FY25. For the nine months ended December 31, 2025, PAT stood at Rs 39.83 lakhs versus a loss of Rs 43.96 lakhs in the prior-year period, with basic EPS of Rs 1.05 versus a loss of Rs 0.80. The statutory auditor (Bilimoria Mehta & Co) issued an unqualified limited review report with no qualifications or emphasis of matter. A separate filing confirmed non-applicability of Reg 32, stating no deviation in IPO proceeds usage.
The sharp turnaround from a loss-making base to profitability, driven by a revival in operating revenue and supported by other income, is positive for shareholders. However, revenue from operations remains very small, profitability hinges heavily on other income (Rs 29.22 lakhs in Q3), and the company had earlier discontinued its job-work activity since October 2020 — so investors should watch for sustainability of operating revenue and any concrete restructuring plans.