Outcome of Board Meeting held on 04.02.2026
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The Board of Directors of Zenith Fibres Limited, at its meeting held on February 4, 2026, approved the unaudited financial results for the third quarter and nine months ended December 31, 2025. Revenue from operations for Q3 FY26 stood at Rs. 969.86 lakhs, down from Rs. 1,410.08 lakhs in Q3 FY25, while net profit jumped to Rs. 261.33 lakhs from Rs. 111.43 lakhs a year ago. The sharp profit increase was largely driven by Rs. 252.17 lakhs in one-time liquidated damages from cancelled customer contracts, booked under 'Other Income' and flagged as non-recurring. For the nine-month period, revenue declined to Rs. 2,876.67 lakhs from Rs. 3,769.47 lakhs, but net profit rose to Rs. 293.37 lakhs (EPS Rs. 7.44 vs Rs. 5.93). The Manmade Fibre segment continued to report losses, though the company stated that the new Labour Codes have no material impact on its employee provisions for now.
Q3 headline profit looks strong, but core operations remain weak — the underlying Manmade Fibre segment is loss-making and revenue has dropped sharply year-on-year. The profit beat is almost entirely due to a one-time compensation payment, so shareholders should not treat it as a sign of a sustainable turnaround.