Pursuant to Regulation 33 & other applicable regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Board of Directors ....
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Vedavaag Systems' Board approved unaudited standalone and consolidated financial results for Q3 FY26 (quarter ended December 31, 2025) along with the Limited Review Reports from statutory auditor M/s Pary & Co. Standalone revenue for Q3 came in at Rs 1,742.27 lakhs, down ~9% YoY from Rs 1,921.56 lakhs; however, 9-month standalone revenue grew ~13% to Rs 6,202.94 lakhs. Profit after tax (standalone) fell sharply to Rs 101.88 lakhs in Q3 (vs Rs 201.42 lakhs YoY) and Rs 373.82 lakhs for 9M (vs Rs 570.45 lakhs YoY, a ~34% decline). On a consolidated basis, Q3 revenue was Rs 2,642.42 lakhs (~10% lower YoY) with PAT of Rs 162.34 lakhs (~48% lower YoY). A new System Integration segment (Smart Solar Lighting) contributed Rs 794.11 lakhs in 9M but posted a Rs 26.29 lakh loss in Q3. The auditor issued an unmodified review report. The Board also confirmed no deviation in the use of proceeds from the preferential issue of convertible warrants, with Rs 2.25 lakh used for working capital in the quarter and Rs 23,381.40 still unutilised.
Mixed-to-negative near-term picture: while 9-month revenue is up, both YoY quarterly revenue and profitability have weakened meaningfully, with margins under pressure and the new System Integration segment still in early, loss-making stages. Shareholders may view this as a soft quarterly print despite the clean audit opinion.