STC India Q3 FY26 results approved; auditor issues qualified opinion, non-going concern

Going-concern doubtQualified audit opinionExceptional itemNegative operating cash flowResults View source PDF Explain this filing

STCINDIA · price

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

-1.2%Reaction day

₹121.02

prior close

₹123.50

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.5%-0.8% vs market

Trading & Distributors peers, median of 130sector-0.5%-0.7% vs sector

On the reaction day the stock moved 0.8 pts less than Nifty Microcap 250 and 0.7 pts less than its Trading & Distributors 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

-1.4

10m

-1.7

15m

-1.5

30m

-1.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.2-0.5-0.8-0.5-0.7

Next day

-2.5-2.0-0.5-0.7-1.8

-1.3-2.7+1.4-1.5+0.2

-0.3-1.7+1.4-1.6+1.3

-0.0-1.4+1.4-2.5+2.5

-2.5-2.8+0.3-3.2+0.7

-2.5-2.8+0.3-3.8+1.3

15d

-9.1-8.4-0.7-8.1-1.0

-9.2-9.1-0.1-8.9-0.3

-7.6-4.0-3.6-4.0-3.6

-5.1+2.6-7.7-3.2-1.8

UpDownMarket · Nifty Microcap 250Sector · Trading & Distributors peers, median of 130Pending

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

AI summary

Board approved Q3 FY26 standalone and consolidated results (limited reviewed) on Feb 11, 2026. Standalone Q2 PAT was Rs 609.20 crore versus Rs 7.24 crore loss last year, driven by a Rs 606.23 crore exceptional gain from a one-time settlement (OTS) with six lender banks led by Canara Bank. Auditor issued a qualified opinion on standalone results citing overstatement of non-current assets and short provision for doubtful trade receivables of about Rs 1,07,125 lacs. Auditor also issued a disclaimer of opinion on consolidated accounts as subsidiary STCL Limited financials were unreviewed. STC operates as a non-going concern since FY22. New Company Secretary appointed effective March 10, 2026.

Likely market impact

PAT surge driven by one-time lender settlement, not core operations. Auditor flags qualified opinion and non-going concern status warrant caution for investors.