The Board of Directors in their Meeting held today i.e. February 05, 2026, inter-alia, has considered and approved Unaudited Financial Results for the quarter and nine months ended December ....
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The Board approved unaudited financial results for Q3 and 9M ended December 31, 2025. On a standalone basis, revenue from operations dropped sharply to ₹1,229.50 lakhs in Q3 FY26 from ₹10,874.32 lakhs in Q3 FY25, though standalone net profit jumped to ₹408.03 lakhs from ₹142.84 lakhs, likely due to a business restructuring that shifted trading activity to subsidiaries. On a consolidated basis, revenue fell to ₹98,783.11 lakhs (Q3) and ₹2,58,089.21 lakhs (9M) from ₹1,64,245.67 lakhs and ₹3,31,348.52 lakhs respectively a year ago, while 9M consolidated profit after tax declined to ₹3,562.68 lakhs from ₹11,466.09 lakhs. The auditor (M/s. Shabbir & Rita Associates LLP) issued an unmodified limited review opinion with no going-concern, emphasis-of-matter, or key audit matter flags. The Board also appointed Mr. Jayaramakrishnan Kannan as Independent Director (5-year term, subject to shareholder approval via postal ballot), appointed Mr. Narendra Vala as new CFO, and accepted the resignation of Independent Director Mr. Vijay Shah due to preoccupations.
Sharp revenue decline at both standalone and consolidated levels combined with a ~69% drop in 9M consolidated profit is a negative signal for shareholders and could weigh on the stock. The restructuring narrative (trading moving to subsidiaries) and management churn (new CFO, director exit) add uncertainty, though the clean audit opinion provides some comfort.