BSEZodiac-JRD-MKJ LtdMediumNeutral
Announced Sat, 14 Feb · 16:47 IST

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Revenue DeclineResults View source PDF

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Awaiting price reaction for this filing.

AI summary

Zodiac-JRD-MKJ Limited reported unaudited standalone and consolidated results for Q3 FY26 and 9M FY26, approved at the board meeting on 14 February 2026. Standalone Q3 revenue from operations rose about 14% YoY to Rs. 625.41 lakhs (vs Rs. 546.61 lakhs in Q3 FY25), but 9M standalone revenue fell roughly 11% YoY to Rs. 1,623.27 lakhs from Rs. 1,823.27 lakhs. Standalone 9M profit after tax grew about 21% to Rs. 56.56 lakhs (vs Rs. 46.85 lakhs), and Q3 standalone PAT was Rs. 12.62 lakhs. On a consolidated basis (including subsidiary VEM Plastic Moulding), 9M FY26 revenue from operations was Rs. 3,728.88 lakhs with a PAT of Rs. 109.35 lakhs and EPS of Rs. 0.95. VEM Plastic Moulding contributed Rs. 2,061.50 lakhs revenue and Rs. 52.80 lakhs PAT for the period. The statutory auditor, Girish L. Shethia, issued an unmodified limited review report on both standalone and consolidated results.

Likely market impact

Mixed picture for shareholders — top-line has weakened on a 9-month basis while bottom-line improved, suggesting better margins, but the recent rights issue in June 2025 (paid-up equity more than doubled from Rs. 517.72 lakhs to Rs. 1,097.57 lakhs) has diluted per-share metrics. Investors should track whether the revenue decline reverses in the final quarter.