Financial Results ( standalone and consolidated) for the quarter and nine months ended December 31, 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.1 pts less than Nifty Microcap 250 and 3.8 pts less than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Tulsyan NEC reported deeply negative results for Q3 FY26 (ended Dec 2025). Standalone net sales fell to ₹13,580 lakhs from ₹16,030 lakhs a year ago, a drop of about 15%. The company posted a standalone net loss of ₹2,802 lakhs in Q3 and ₹4,495 lakhs for the nine-month period, compared to losses of ₹2,689 lakhs and ₹3,126 lakhs in the prior year. Consolidated losses were similar at ₹2,863 lakhs for the quarter and ₹4,497 lakhs for nine months. Earnings per share stood at negative ₹17.02 for the quarter. The filing explicitly notes that interest due for Q3 has not been serviced, and finance costs of ₹1,675 lakhs (standalone) remain a major drag. The Steel Division is particularly stressed, with segment liabilities (₹47,367 lakhs) exceeding segment assets (₹34,001 lakhs).
This is a clearly negative filing for shareholders. The company is loss-making across all segments except Synthetic, failing to service its interest obligations, and its core Steel Division is underwater with liabilities exceeding assets — all of which point to serious financial and going-concern risks. Expect the stock to react negatively.