Unaudited Financial Results for the Quarter Ended on December 31, 2025 alongwith Limited Review Report
Awaiting price reaction for this filing.
Aditya Forge Limited reported its Q3 FY26 (quarter ended Dec 31, 2025) standalone unaudited results. Revenue from operations for the quarter was NIL, with total income of just Rs. 1.83 lakhs in expenses and other items, leading to a loss before tax of Rs. 1.83 lakhs versus a profit of Rs. 5.11 lakhs in Q3 FY25. For the nine months ended Dec 31, 2025, total income stood at Rs. 1,340.77 lakhs (vs Rs. 1,358.82 lakhs in 9M FY25), with PAT of Rs. 768.07 lakhs versus Rs. 699.34 lakhs, a marginal ~9.8% rise. The statutory auditor issued a qualified opinion, noting that balance confirmations for trade receivables, trade payables, and loans/advances were not provided, making verification impossible. The board also appointed M/s. ALAP & Co. LLP as the Secretarial Auditor for FY 2025-26.
The qualified audit opinion and zero operating revenue in the December quarter are red flags for investors, raising concerns over the quality of receivables and the company's core business activity. Shareholders should monitor the company's ability to restart revenue-generating operations and the resolution of auditor qualifications.