Unaudited Financial Results for the quarter and nine months ended 31st December, 2025.
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Sharda Ispat, a single-segment iron and steel company, reported a sharp decline in both revenue and profit for Q3 FY26. Revenue from operations fell to Rs 4,758.44 lakhs (down ~12.5% YoY from Rs 5,435.79 lakhs), while nine-month revenue dropped ~24.5% to Rs 10,159.44 lakhs (vs Rs 13,456.65 lakhs a year ago). Net profit for Q3 halved to Rs 144.31 lakhs (vs Rs 312.64 lakhs), and nine-month PAT plunged ~72% to Rs 185.62 lakhs. EPS for the quarter stood at Rs 2.84 vs Rs 6.16 last year. Finance costs nearly doubled to Rs 197.69 lakhs for 9M FY26 (vs Rs 105.82 lakhs), reflecting higher interest burden. The statutory auditor (Panpaliya Taori & Co.) issued an unqualified limited review report with no qualifications or emphasis of matter. No exceptional items were recorded.
Sharp YoY drop in both top line and bottom line signals weak operating performance and rising finance costs, which is negative for shareholders. The market may react unfavourably given the steep earnings decline, though the company remains profitable and the auditor's opinion is clean.