We wish to inform that at the meeting of the Board of Directors held today (03.02.2026), the Directors have approved the un-audited financial results for the quarter and nine months ended ....
Awaiting price reaction for this filing.
The Board of India Radiators approved unaudited financial results for Q3 and nine months ended 31 December 2025. Total income for the quarter stood at Rs 1.64 lakhs, nearly flat compared to Rs 1.62 lakhs in Q3 FY25, while for nine months FY26 it was Rs 4.93 lakhs vs Rs 4.91 lakhs last year. Total expenses rose sharply to Rs 26.43 lakhs in Q3 (vs Rs 21.91 lakhs), driven almost entirely by finance costs of Rs 21.75 lakhs. The company reported a net loss of Rs 19.35 lakhs for Q3 (vs Rs 15.21 lakhs loss last year), and the nine-month loss widened significantly to Rs 123.63 lakhs (vs Rs 68.84 lakhs). EPS for nine months deteriorated to Rs (13.74) from Rs (5.43) a year ago. Statutory auditors DPY & Associates issued an unqualified limited review report with no qualifications.
Widening losses on virtually stagnant revenue, with finance costs eating up all earnings, signal serious financial stress for shareholders. The stock may be treated as a high-risk, thinly-traded, loss-making entity until the company demonstrates a credible path to revenue and profitability.