Unaudited Standalone and Consolidated Financial results for the quarter ended December 31, 2025
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The Waterbase Limited's Board approved unaudited standalone and consolidated financial results for Q3 FY26 (quarter ended Dec 31, 2025), reviewed by Deloitte Haskins & Sells LLP with an unmodified opinion. Revenue from operations surged about 52% year-on-year to Rs. 101.6 crores in Q3 (vs Rs. 66.8 crores in Q3 FY25), driven mainly by strong growth in the processed shrimp export segment. For 9M FY26, revenue rose roughly 34% to Rs. 270.4 crores. The company, however, remained loss-making at the standalone level, posting a loss after tax of Rs. 2.6 crores in Q3 (vs Rs. 3.9 crores loss a year ago) and Rs. 11.3 crores for 9M FY26 (vs Rs. 12.7 crores loss), indicating narrowing losses. The Board also approved a leadership realignment effective April 1, 2026: current Whole-Time Director & CEO Ramakanth V. Akula will move to Managing Director, while COO Chola Varma Alluri will be elevated to CEO.
Strong export-led revenue growth and narrowing losses signal operational recovery, but the company is still in the red, so shareholders should not expect profitability yet. The management reshuffle signals a focus on scaling exports and tighter execution, which is a positive structural step but results may take time to translate into profits.