Unaudited Financial Results for the quarter and nine months ended December 31, 2025
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Vedavaag Systems reported weak Q3 FY26 results on both standalone and consolidated basis. Standalone revenue fell to Rs 1,742.27 lakh from Rs 1,921.56 lakh a year ago (down ~9.3% YoY), while standalone profit after tax dropped sharply to Rs 101.88 lakh from Rs 201.42 lakh (down ~49% YoY). For the nine-month period, standalone revenue grew ~12.8% to Rs 6,202.94 lakh but PAT declined ~34.5% to Rs 373.82 lakh. On a consolidated basis, Q3 revenue was Rs 2,642.42 lakh (down ~10% YoY) with PAT of Rs 162.34 lakh (down ~48.5% YoY). The auditor (Pary & Co) issued an unmodified limited review report. The company also confirmed there is no deviation in the use of proceeds from its earlier preferential warrant issue, with only Rs 23,381 remaining unutilised.
Sharply lower profits despite reasonable revenue suggest margin pressure from higher other expenses and depreciation, which is negative for near-term investor sentiment. Year-to-date revenue growth is modest while earnings have eroded meaningfully, so shareholders should expect subdued quarterly performance.