The outcome of the board meeting held on 28th January, 2026 has been attached herewith.
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Virat Industries' board approved unaudited financial results for Q3 and nine months ended 31 Dec 2025, with auditors B.K. Khare & Co issuing an unmodified (clean) limited review opinion. Revenue from operations declined to Rs. 584.82 lakh in Q3 (vs Rs. 630.94 lakh YoY) and to Rs. 2,169.66 lakh for 9M (vs Rs. 2,389.23 lakh YoY), a drop of roughly 7-9%. However, Profit After Tax jumped sharply to Rs. 118.29 lakh in Q3 and Rs. 388.88 lakh for 9M, up nearly 10x and over 5x respectively, largely helped by a sharp rise in other income (Rs. 437.43 lakh vs Rs. 72.37 lakh). The board also approved allotment of 95,99,999 equity shares at Rs. 104 each (including Rs. 94 premium) to Mr. Bhavook Chandraprakash Tripathi, nearly tripling paid-up share capital from Rs. 4.92 crore to Rs. 14.52 crore.
Stock may react positively to the steep jump in bottom-line profits and the fresh capital infusion from the preferential allotment, though the underlying core business has shown revenue contraction which warrants careful scrutiny. The clean auditor opinion and ₹90+ crore capital raise strengthen the balance sheet, but dilution of nearly 3x in equity share count will temper per-share metrics going forward.