Q3 FY26 results approved; 9M PAT up 36%; auditor gives qualified opinion

Qualified audit opinionProfit growth above 25%Results View source PDF Explain this filing

SHREERAMA · price

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Price reactionminutes from the announcement price · days from the prior close

-3.6%Reaction day

₹58.00

prior close

₹56.75

announcement price

In-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-1.3%-2.4% vs market

Packaging peers, median of 60sector-0.9%-2.7% vs sector

On the reaction day the stock moved 2.4 pts less than Nifty Microcap 250 and 2.7 pts less than its Packaging peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

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Reaction day

-3.6-1.3-2.4-0.9-2.7

Next day

+1.4+2.4-1.0+1.2+0.2

-0.2+3.8-4.0+1.7-1.9

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+2.9+1.9+1.0+1.1+1.8

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15d

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-17.2+9.5-26.8+1.6-18.9

UpDownMarket · Nifty Microcap 250Sector · Packaging peers, median of 60Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Board approved Q3 FY26 (Dec 25) unaudited standalone results. Revenue from operations at Rs 5,985.22 lakh vs Rs 5,289.52 lakh YoY. Nine-month revenue grew about 19% to Rs 17,722.30 lakh; nine-month PAT jumped 36% to Rs 2,004.69 lakh vs Rs 1,474.94 lakh. Nine-month EPS at Rs 1.44 vs Rs 1.11. Statutory auditor gave a qualified conclusion because the wholly-owned subsidiary in Mauritius could not be consolidated as it is declared defunct. Shalin S. Patel appointed Additional Director from Feb 8, 2026. New labour codes led to extra Rs 70.04 lakh provision in Q3.

Likely market impact

Strong 9M profit growth of 36% YoY is positive for shareholders, but the qualified auditor opinion on non-consolidation of the WOS is a watch item.