White Organic Agro Limited , in its meeting held on Saturday, 14th February, 2026 considered and approved the following: - 1. Un-audited Financial Results of the Company for the Quarter ....
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White Organic Agro's board approved its Q3 FY26 (quarter ended December 2025) and nine-month unaudited results on 14 February 2026. Revenue from operations collapsed to just Rs 1.31 lakh in Q3 FY26 versus Rs 305.57 lakh in Q3 FY25, and for the nine months fell from Rs 1,513.35 lakh to Rs 9.67 lakh — a near-total wipeout of core sales. The company swung to a Q3 standalone loss of Rs 13.75 lakh (vs profit of Rs 80.29 lakh in Q2 FY26). However, nine-month profit after tax rose modestly to Rs 147.19 lakh from Rs 134.62 lakh, propped up almost entirely by 'Other Income' of Rs 329.25 lakh, which made up 97% of total income. Statutory auditor Gupta Raj & Co. issued an unqualified limited review report with no qualifications or emphasis of matter.
The near-complete disappearance of operating revenue is a serious red flag for shareholders — the business appears to be running on non-operating income rather than its core agro business. While headline nine-month profits look stable, the quality of earnings is very weak, and the Q3 loss signals operational stress. The stock could see negative reaction given the revenue collapse, despite the clean auditor report.