Announced Sat, 31 Jan · 17:15 IST

Un-audited Financial Results for the quarter ended 31.12.2025

Revenue Growth 20pctRevenue DeclineResults View source PDF

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Price reaction · full curve

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AI summary

The board approved un-audited standalone and consolidated results for Q3 FY26 (quarter ended 31.12.2025) on January 31, 2026. Standalone revenue from operations stood at ₹44.49 crore in Q3 FY26, up about 14% YoY from ₹39.02 crore in Q3 FY25, but down sharply from ₹74.49 crore in the preceding Q2 FY26. For the nine months ended December 2025, standalone revenue rose roughly 35% YoY to ₹143.28 crore, already surpassing the full FY25 revenue of ₹141.19 crore. Net profit in Q3 FY26 declined materially YoY (basic EPS fell from ₹5.95 to ₹2.23 standalone), even as the nine-month picture showed revenue strength. The auditor (Kailash Chand Jain & Co.) issued an unqualified limited review report with no qualifications or emphasis of matter. During the quarter, 6,05,494 equity shares were allotted on conversion of zero-coupon CCDs, leading to equity dilution. The company also confirmed nil deviation in utilisation of preferential issue proceeds of ₹14.75 crore.

Likely market impact

Mixed for shareholders: strong 9-month revenue growth of ~35% YoY is positive and indicates full-year momentum, but the steep sequential drop in Q3 revenue and weaker profitability suggest margin/volume pressure. The CCD-to-equity conversion has diluted the share base, which may temper per-share earnings in the near term.