BSESMT Engineering LtdHighNeutral
Announced Thu, 12 Feb · 18:45 IST

Outcome under regulations 30 and 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

Revenue Growth 20pctPat Growth 25pctResults View source PDF

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AI summary

The Board approved unaudited standalone and consolidated financial results for Q3 FY26 along with the Limited Review Report from statutory auditors M/s Anil Kamal Garg & Company. On a consolidated basis, revenue from operations for Q3 FY26 stood at about Rs 26,880.5 lakhs, sharply higher than Rs 36.53 lakhs in Q3 FY25, while other income was Rs 43 lakhs and profit before tax was around Rs 858.4 lakhs. Year-to-date (9 months ended Dec 31, 2025), consolidated revenue was about Rs 88,168 lakhs versus Rs 12,249 lakhs in the same period last year, with year-to-date profit for the period at roughly Rs 11,022 lakhs (vs Rs 1,718 lakhs prior) and EPS of Rs 6.67. Standalone results were minimal — revenue from operations was effectively nil in Q3 FY26 and preceding quarter, reflecting that business activity has shifted to the subsidiary. The big jump in consolidated numbers is largely explained by the acquisition of Sai Machine Tools Pvt Ltd, which became a 100% wholly owned subsidiary from March 26, 2025, making prior-year figures not strictly comparable. Both standalone and consolidated Limited Review Reports carried an unmodified/unqualified opinion.

Likely market impact

For shareholders, the sharp jump in consolidated revenue and profit is acquisition-led rather than purely organic, so investors should focus on the underlying subsidiary performance for a true read on growth. The clean, unqualified auditor opinion and absence of exceptional items or auditor changes are positive signs, but the standalone shell's near-zero operating revenue highlights heavy dependence on the newly acquired Sai Machine Tools business going forward.