Shah Metacorp Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
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On the reaction day the stock moved 1.7 pts more than Nifty Microcap 250 and 1.6 pts more than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Shah Metacorp Limited (formerly Gyscoal Alloys Limited) submitted its unaudited Q3 FY26 and 9M FY26 results on February 12, 2026. Consolidated revenue from operations for Q3 grew about 25.5% year-on-year to Rs. 50.04 crore (from Rs. 39.86 crore), while 9M FY26 consolidated PAT fell sharply to Rs. 4.00 crore from Rs. 28.79 crore, mainly because the prior year included a one-time exceptional gain of Rs. 24.82 crore. The statutory auditor (Ashok Dhariwal & Co.) issued an unmodified limited review report but flagged an Emphasis of Matter on long-outstanding trade receivables of Rs. 88.82 crore, against which a Rs. 68.81 crore provision for doubtful debts has been made. The company has also launched a Rights Issue of up to Rs. 50 crore, raised authorized capital from Rs. 110 crore to Rs. 130 crore, and completed two acquisitions (General Capital and Holding Company, and Metcorp Trading LLC) via a share swap, leading to significant equity dilution.
Short-term, the strong quarterly revenue growth and ongoing acquisitions signal business expansion, but shareholders should watch the unresolved Rs. 88.82 crore in old receivables, the sharp jump in finance costs, and further equity dilution from the Rights Issue and preferential allotments, all of which could weigh on per-share value.