Outcome of Board Meeting held on 13-02-2026
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Awaiting price reaction for this filing.
The Board approved the unaudited financial results for Q3 FY26 and nine months ended December 31, 2025. On a standalone basis, the company posted a profit of Rs. 2.55 lakhs in Q3 FY26 versus a loss of Rs. 89.67 lakhs in Q3 FY25, while for the nine months it swung to a marginal profit of Rs. 0.73 lakhs from a loss of Rs. 384.03 lakhs a year ago. Total income for the nine months fell sharply to Rs. 32.51 lakhs from Rs. 440.24 lakhs last year, driven by the complete absence of revenue from the Equity segment (which contributed Rs. 420.78 lakhs in 9M FY25). On a consolidated basis, the company reported a profit of Rs. 31.81 lakhs for 9M FY26 versus a loss of Rs. 384.03 lakhs, largely thanks to a Rs. 31.07 lakh share of profit from its associate, Technopoint Mercantile Company Pvt Ltd. A new auditor, J.A. Rajani & Co., issued an unqualified limited review report, replacing the predecessor auditor.
The headline swing to profitability is encouraging, but the underlying business has clearly shrunk — revenue collapsed by over 90% YoY because the Equity segment went to zero, and the consolidated profit is almost entirely driven by the associate company rather than core operations. The change of statutory auditor is also worth noting for shareholders to track. The stock may see mixed reactions given weak top-line despite bottom-line improvement.