Q3 FY26 Results: Avon Subsidiary Probe Drags Down Profits Sharply

Emphasis Of MatterQualified OpinionExceptional ItemResults RestatedEbitda Margin CompressionResults View source PDF Explain this filing

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-5.8%Reaction day

₹164.50

prior close

₹152.01

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.8%-5.0% vs market

Diversified Commercial Services peers, median of 69sector+0.0%-5.8% vs sector

On the reaction day the stock moved 5.0 pts less than Nifty Microcap 250 and 5.8 pts less than its Diversified Commercial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.8

10m

-1.7

15m

-1.4

30m

-0.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-5.8-0.8-5.0+0.0-5.8

Next day

-4.6+1.8-6.3+1.5-6.1

+2.4+2.8-0.4+2.0+0.5

-1.4+2.3-3.7+2.6-4.0

-3.3+1.8-5.1+0.8-4.1

-6.8+0.3-7.1+0.0-6.8

-4.0+0.5-4.5-1.2-2.8

15d

-4.8-2.5-2.3-4.7-0.2

-7.9-6.3-1.6-7.4-0.5

-10.3-8.0-2.4-9.4-0.9

-3.0+8.3-11.3+4.5-7.5

UpDownMarket · Nifty Microcap 250Sector · Diversified Commercial Services peers, median of 69Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Consolidated revenue grew 10 percent YoY to Rs 7,671M in Q3 FY26, but PAT plunged 79 percent to Rs 66M due to Rs 201M impairment in subsidiary Avon Solutions over alleged trade irregularities. 9M revenue rose 8 percent to Rs 21,967M; 9M PAT fell 35 percent to Rs 554M. Exceptional item of Rs 53.6M booked for new Labour Codes impact. Auditor issued a modified review conclusion highlighting the Avon matter.

Likely market impact

Short-term negative sentiment likely due to Avon probe and sharp profit drop, though revenue growth remains steady. Restated figures from amalgamation also noted.