Outcome of the Board meeting held on 12th February, 2026
Price
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On the reaction day the stock moved in line with Nifty Microcap 250 and in line with 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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The Board approved unaudited financial results for Q3 FY26 and the nine months ended 31 December 2025. Revenue from operations stood at Rs 4,552.85 lakhs in Q3 FY26, up about 8% from Rs 4,206.66 lakhs in Q3 FY25, while nine-month revenue rose to Rs 14,049.38 lakhs from Rs 13,264.26 lakhs (up ~6%). Net profit for the quarter was Rs 547.01 lakhs versus Rs 528.87 lakhs last year, and nine-month profit came in at Rs 2,223.26 lakhs versus Rs 2,093.05 lakhs. Statutory auditor Walker Chandiok & Co LLP issued a clean limited review report with no qualifications. A separate note discloses the Board's October 2025 approval to sell a Thane land parcel classified as investment property for a total consideration of Rs 24,423 lakhs, of which Rs 4,885 lakhs advance has been received and the balance is due on completion.
Operating performance shows modest low-single-digit growth, broadly steady with prior trends. The Thane land sale is a material event — a potential Rs 24,423 lakhs inflow that, once completed, could significantly boost cash on hand and is worth tracking for its impact on book value and any one-time gain in future quarters.