Outcome of Board Meeting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board of Directors of Sharda Ispat Ltd, at its meeting held on 3rd February 2026, approved the unaudited financial results for Q3 FY26 (quarter ended 31 December 2025) and the nine-month period then ended. Revenue from operations for Q3 FY26 stood at Rs 4,758.44 lakhs, down about 12.5% from Rs 5,435.79 lakhs in Q3 FY25. For the 9-month period, revenue fell sharply to Rs 10,159.44 lakhs from Rs 13,456.65 lakhs, a decline of roughly 24.5% YoY. Net profit for Q3 was Rs 144.31 lakhs (vs Rs 312.64 lakhs YoY), and 9M net profit dropped nearly 72% to Rs 185.62 lakhs from Rs 658.12 lakhs. Basic and diluted EPS for 9M FY26 was Rs 3.66, compared to Rs 12.96 in the same period last year. The statutory auditor, Panpaliya Taori & Co., issued an unqualified limited review report, and no exceptional items were recorded.
Both top-line and bottom-line have contracted sharply, indicating significant pressure on the iron and steel business. The sharp fall in profitability and shrinking margins are likely negative signals for near-term investor sentiment.