Q3 FY26 results filed; PAT jumps over 150 percent YoY, auditors give qualified conclusion

Qualified OpinionEmphasis Of MatterPat Growth 25pctGoing ConcernResults View source PDF Explain this filing

NIACL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

-1.1%Reaction day

₹148.59

prior close

₹148.00

announcement price

After-mkt

timing

Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)-1.1%+0.1% vs market

General Insurance peers, median of 5sector-0.6%-0.4% vs sector

On the reaction day the stock moved 0.1 pts more than Nifty Midcap 150 and 0.4 pts less than its General Insurance 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

Stock

-0.6

10m

-1.1

15m

-0.7

30m

-1.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.1-1.1+0.1-0.6-0.4

Next day

-0.5+1.8-2.2+0.0-0.5

+0.6+2.4-1.8-1.4+2.0

+0.3+2.1-1.8-1.3+1.6

+0.9+2.0-1.1-2.3+3.3

+3.1+3.6-0.5-0.7+3.8

+5.1+4.1+1.0+2.1+3.0

15d

+2.5+1.8+0.7+3.1-0.6

-4.2-0.1-4.2-1.3-2.9

-16.9-7.8-9.0-1.7-15.2

+8.7+3.1+5.6-1.1+9.8

UpDownMarket · Nifty Midcap 150Sector · General Insurance peers, median of 5Pending

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

AI summary

NIACL filed Q3 and 9M FY26 results to Dec 31, 2025. Consolidated 9M PAT rose to about Rs 2,00,160 lakhs from Rs 78,670 lakhs year on year. Gross premium grew to Rs 35,85,308 lakhs from Rs 32,44,933 lakhs. Joint auditors issued a qualified review citing pending reconciliation of certain balances. Watch items: Rs 2,02,653 lakhs wage revision provision; Rs 1,32,088 lakhs tax-related contingent liabilities; going concern uncertainty at Kuwait branch (management deems immaterial).

Likely market impact

Strong profit jump on better investment income; auditor qualification and tax uncertainties remain watchpoints; broadly positive for the stock.