The board considered and approved standalone financial results for the quarter and nine months ended on 31/12/2025 together with the auditor''s Review Report in terms of reg. 33 of SEBI ....
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Ashoka Refineries Ltd reported standalone unaudited results for the quarter and nine months ended December 31, 2025. Total income from operations for Q3 FY26 stood at Rs 2.79 lakhs versus Rs 1.85 lakhs in Q3 FY25, while for the nine-month period it collapsed sharply to Rs 2.79 lakhs from Rs 31.34 lakhs in the same period last year — a drop of over 90%. The company posted a loss before tax of Rs 3.99 lakhs in Q3 FY26 and Rs 11.37 lakhs for the 9M period, compared to Rs 5.33 lakhs and Rs 11.56 lakhs respectively in the prior year. Loss per share stood at Rs 0.12 for the quarter and Rs 0.33 for the nine months. The statutory auditor, Batra Deepak & Associates, issued an unqualified (clean) limited review report on the results.
The steep year-on-year revenue contraction in the 9M period is a significant red flag for shareholders, though the company remains a small-scale operation with limited absolute revenue. Continued losses and the sharp revenue drop suggest the business is struggling to scale, which could weigh on sentiment, while the clean auditor opinion avoids any additional governance concerns.