Unaudited Quarterly Standalone and Consolidated results for the quarter ended 31st Dec 2025.
Awaiting price reaction for this filing.
Mideast Integrated Steels (MESCO Steel) filed a newspaper publication of its Q3 FY26 unaudited financial results (quarter ended December 31, 2025) with BSE and Calcutta Stock Exchange, as required under SEBI Regulation 47. On a standalone basis, total income rose sharply to ₹33.81 million from just ₹2.68 million year-on-year, but the company still posted a net loss of ₹106.82 million, marginally narrower than the ₹128.68 million loss in Q3 FY25. For the nine months ended December 2025, the standalone net loss widened to ₹398.83 million, larger than the full-year FY25 standalone loss of ₹359.54 million. On a consolidated basis, the Q3 net loss was ₹233.49 million, indicating that subsidiaries are also loss-making. The results were approved by the Board and signed by Company Secretary Yachika Goel on February 16, 2026.
Persistent standalone and consolidated losses point to continued operational stress for shareholders, with the nine-month FY26 loss already exceeding the prior full-year loss. The wider consolidated loss versus standalone also means group-level subsidiaries are dragging on overall profitability.