Financial Results
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Awaiting price reaction for this filing.
Shri Gang Industries reported Q3 FY26 revenue from operations of Rs 12,383.67 lakhs, up ~24.4% from Rs 9,952.31 lakhs in Q3 FY25, driven mainly by the Liquor segment. Profit after tax surged ~35% YoY to Rs 1,398.74 lakhs versus Rs 1,035.76 lakhs a year ago. The strong Q3 numbers were helped by a Rs 3,213.62 lakh refund of state duties in the Liquor segment and were partly offset by a Rs 742.50 lakh non-cash charge from sweat equity allotted to promoter Mr Varun Gupta, booked under employee costs. For the nine months ended Dec 2025, revenue rose modestly to Rs 29,716.25 lakhs (from Rs 28,987.36 lakhs), but PAT fell sharply to Rs 1,664.50 lakhs from Rs 3,072.49 lakhs, partly due to higher excise duty payouts and the sweat equity charge. Edible Oils remained a loss-making segment, and the company's reserves continue to be negative at Rs -879.68 lakhs as of March 2025.
The Q3 beat on revenue and PAT may support short-term positive sentiment, but the steep 9M profit decline, recurring losses in Edible Oils, and negative shareholder reserves flag underlying weakness. Investors should weigh the one-off duty refund against structural cost pressures before drawing conclusions.