Note: These are AI-generated, educational summaries of public NSE
filings — grounded in each document, but not investment advice and possibly incomplete.
Verify against the original filing and consult a SEBI-registered adviser before acting.
Mahaalaxmi Texpro Reports Zero Revenue and ₹37.60 Lakh Net Loss in Q3 FY26
Mahaalaxmi Texpro Limited (formerly Abhishek Corporation) reported zero revenue from operations for the quarter ended December 31, 2025. The company posted a net loss of ₹37.60 lakhs for the quarter, a sharp decline from the ₹346.93 lakhs profit recorded in the same period last year, which was bolstered by exceptional items. For the nine-month period ending December 2025, the company has generated no revenue and accumulated a net loss of ₹127.12 lakhs. The lack of operational income indicates a significant halt in business activities.
Key Highlights
Revenue from operations stood at zero for Q3 FY26 and the nine-month period ended Dec 31, 2025.Net loss for the quarter was ₹37.60 lakhs compared to a profit of ₹346.93 lakhs in Q3 FY25.Total expenses for the quarter were ₹37.60 lakhs, including ₹12.83 lakhs in depreciation and ₹1.85 lakhs in employee benefits.Nine-month net loss reached ₹127.12 lakhs, compared to a loss of ₹830.07 lakhs in the previous year's corresponding period.Earnings Per Share (EPS) for the quarter was negative at ₹(1.12).
👀 What to Watch
Investors should exercise extreme caution as the company has reported zero operational revenue for the current financial year. The lack of business activity and persistent losses suggest a high risk of capital erosion.
Rishabh Instruments reported a strong 9M FY26 performance, with adjusted EBITDA reaching ₹100.9 crores, effectively meeting its initial full-year guidance in just nine months. Consequently, management has raised the FY26 EBITDA target to ₹115-120 crores, driven by a massive 1,375 bps expansion in standalone EBITDA margins to 26.3%. While consolidated revenue growth was modest at 1.3% for Q3, the core Electrical and Electronics Instrumentation segment grew 17.7% YoY. The company is also benefiting from structural tailwinds including the India-EU FTA and a reduction in US reciprocal tariffs to 18%.
Key Highlights
9M FY26 Adjusted EBITDA reached ₹100.9 crores, achieving the initial full-year target in just nine months.Management raised FY26 Adjusted EBITDA guidance to a range of ₹115-₹120 crores.Standalone EBITDA margins expanded by 1,375 bps YoY to 26.3%, resulting in a 110% YoY growth in PAT.Electrical and Electronics Instrumentation (EEI) segment grew 17.7% YoY with healthy margins of 26.6%.Nashik facility expansion is nearing completion and is expected to double the company's production capacity.
👀 What to Watch
Investors should take note of the significant margin expansion and the early achievement of EBITDA targets as signs of high operational efficiency. The stock warrants a positive outlook given the raised guidance and the upcoming doubling of capacity at the Nashik plant.
Prabha Energy Q3 Results: Returns to Profit with ₹88.75 Lakhs PAT; Revenue Jumps 236% YoY
Prabha Energy Limited reported a significant turnaround in Q3 FY26, posting a net profit of ₹88.75 Lakhs compared to a loss of ₹23.04 Lakhs in the same quarter last year. Revenue from operations surged by 236% YoY to ₹134.86 Lakhs, primarily driven by sales from the NK block currently in its testing phase. The company also completed a strategic divestment of its 70% stake in Deep Natural Resources Limited, which boosted other income and led to de-consolidation. For the nine-month period ended December 2025, the company has successfully moved from a loss of ₹77.54 Lakhs to a profit of ₹37.77 Lakhs.
Key Highlights
Revenue from operations grew 236% YoY to ₹134.86 Lakhs in Q3 FY26.Reported a Net Profit of ₹88.75 Lakhs against a loss of ₹23.04 Lakhs in Q3 FY25.Divested 70% stake in subsidiary Deep Natural Resources Limited at a premium of ₹31.25 per share.Nine-month (9M) total income rose to ₹443.09 Lakhs from ₹122.61 Lakhs YoY.EPS improved to ₹0.07 for the quarter from a negative ₹0.02 in the previous year.
👀 What to Watch
Investors should view the return to profitability and revenue growth from the NK block testing phase as positive indicators. However, monitor the transition of these wells to full production as it will initiate depletion charges which may impact future margins.
Rishabh Instruments reported a strong Q3FY26 with consolidated PAT growing 161.5% YoY to ₹205.1 million, despite a modest revenue growth of 1.3%. The company witnessed significant margin expansion, with EBITDA margins jumping 920 bps to 17.1%, driven by operational efficiencies and a turnaround in the High Pressure Die Casting (HPDC) business. While the HPDC segment saw a planned revenue decline of 29.1% due to exiting loss-making contracts, its 9M EBITDA improved significantly to ₹64 million from a loss previously. The Electrical and Electronic Instruments (EEI) segment remains the primary growth driver, recording 17.7% revenue growth in Q3.
Key Highlights
Consolidated PAT for Q3FY26 grew by 161.5% YoY to ₹205.1 millionEBITDA margins expanded by 920 bps YoY to 17.1% in Q3FY26, driven by sourcing efficienciesElectrical and Electronic Instruments (EEI) segment revenue grew 17.7% YoY to ₹1,388 millionHPDC business turned around with 9MFY26 EBITDA of ₹64 million vs a loss of ₹151 million in 9MFY25Standalone PAT grew 110.8% YoY to ₹84.1 million with a PAT margin of 13.8%
👀 What to Watch
Investors should note the significant operational turnaround in the HPDC segment and the substantial margin expansion across the group. The company's ability to triple its 9-month PAT despite single-digit revenue growth indicates strong operational leverage and successful cost optimization.
Rishabh Instruments Reports Deviation in IPO Fund Utilization for Nashik Facility Expansion
Rishabh Instruments has disclosed a deviation in the utilization of its ₹750 million IPO proceeds for the quarter ended December 31, 2025. Following shareholder approval in September 2024, the company reallocated ₹300 million from the expansion of Nashik Manufacturing Facility I to a new Facility II. As of the reporting date, ₹224.31 million has been utilized for Facility I and ₹204.19 million for Facility II. The company has also utilized ₹77.20 million of the ₹79.20 million allocated for General Corporate Purposes.
Key Highlights
Total funds raised via Public Issue on September 11, 2023, amounted to ₹750 million.Shareholders approved a reallocation of ₹300 million from Nashik Facility I to Nashik Facility II on September 13, 2024.Utilization for Nashik Facility I stands at ₹224.31 million against a modified allocation of ₹321.80 million.Utilization for Nashik Facility II stands at ₹204.19 million against an allocation of ₹300 million.General Corporate Purpose funds are nearly exhausted with ₹77.20 million utilized out of ₹79.20 million.
👀 What to Watch
Investors should track the completion timelines of both Nashik facilities to ensure the reallocated capital translates into expected production capacity. The deviation is not a cause for alarm as it was previously approved by shareholders and reflects strategic adjustments.
Rishabh Instruments Q3 Standalone PAT Jumps 111% YoY to ₹84.1 Million
Rishabh Instruments reported a strong year-on-year performance for Q3 FY26, with standalone net profit more than doubling to ₹84.08 million from ₹39.85 million in the previous year. Revenue from operations saw a modest growth of 3% YoY, reaching ₹610.53 million. However, on a sequential basis, the company faced a decline in both revenue (down 7.5%) and PAT (down 33.5%) compared to Q2 FY26. The nine-month performance remains robust, with standalone PAT growing by 113% to ₹309.24 million.
Key Highlights
Standalone PAT for Q3 FY26 surged 111% YoY to ₹84.08 million compared to ₹39.85 million.Revenue from operations grew 3.05% YoY to ₹610.53 million from ₹592.42 million.9M FY26 Standalone PAT reached ₹309.24 million, a significant jump from ₹145.14 million in 9M FY25.Total standalone expenses for the quarter decreased to ₹529.70 million from ₹570.21 million YoY.Basic EPS for the quarter increased to ₹2.19 from ₹1.04 in the corresponding quarter of the previous year.
👀 What to Watch
Investors should note the significant margin expansion and year-on-year profit growth, which indicates improved operational efficiency. While the sequential dip in revenue and profit requires monitoring, the strong nine-month performance supports a positive outlook.
Prabha Energy Shareholders Approve Shanil Paras Savla as Managing Director
Prabha Energy Limited has announced the results of its postal ballot, where shareholders overwhelmingly approved key leadership changes. Mr. Shanil Paras Savla has been re-designated as the Managing Director of the company, and Mrs. Shivangi Digant Shah has been appointed as a Non-Executive Independent Director. Both resolutions passed with over 121.2 million votes in favor and negligible opposition. These appointments, effective from January 30, 2026, provide the company with formalized executive leadership and strengthened board governance.
Key Highlights
Mr. Shanil Paras Savla re-designated as Managing Director with 121,229,932 votes in favor.Mrs. Shivangi Digant Shah appointed as Non-Executive Independent Director with 100% of valid votes cast in favor.A total of 13,665 shareholders were eligible to vote as of the record date of December 26, 2025.All resolutions passed with a requisite majority, receiving only 27 votes against each proposal.
👀 What to Watch
The formalization of the Managing Director's role ensures leadership stability; investors should monitor the company's performance and strategic execution under this confirmed management.
DP Abhushan Q3 FY26 PAT Surges 96% YoY to ₹73.35 Cr; EBITDA Margins Expand to 8.64%
D. P. Abhushan reported a robust Q3 FY26 with revenue growing 13% YoY to ₹1,222.4 crore, driven by festive and wedding demand. Profitability saw a massive jump, with PAT rising 96% YoY to ₹73.35 crore, supported by inventory gains and a shift toward higher-margin silver and diamond jewellery. Silver revenue was a standout performer, growing 118% YoY to ₹114 crore in the nine-month period. Management highlighted that while high gold prices impacted volumes, the conversion ratio remained healthy at 82%.
Key Highlights
Q3 FY26 PAT grew 96% YoY to ₹73.35 crore; EBITDA rose 89% YoY to ₹105.6 croreEBITDA margins expanded to 8.64% in Q3, driven by operating leverage and product mixSilver segment revenue surged 118% YoY to ₹114 crore for the 9M FY26 periodInventory gains contributed approximately 25-28% to the recent margin improvementMaintained a high customer conversion ratio of 82% with 1,75,351 walk-ins in 9M FY26
👀 What to Watch
Investors should monitor the sustainability of margins as inventory gains from rising gold prices may normalize. The company's successful diversification into high-margin silver and diamonds remains a key structural growth driver.
D. P. Abhushan Q3FY26 PAT Surges 96% YoY to ₹73 Cr; Revenue Up 13%
D. P. Abhushan reported a strong performance for Q3FY26, with revenue growing 13% YoY to ₹1,222 crore and PAT nearly doubling to ₹73 crore. The growth was primarily driven by wedding season demand and festive momentum, with the silver segment showing an exceptional 131% YoY increase. EBITDA margins improved significantly, with EBITDA rising 89% YoY to ₹106 crore due to disciplined inventory management and natural hedging against gold price volatility. The company continues its expansion in Central India, now operating 11 stores with a high footfall-to-conversion ratio of 82.28%.
Key Highlights
Q3FY26 Revenue increased by 13% YoY to ₹1,222 crore, while 9MFY26 Revenue reached ₹2,731 crore.Net Profit (PAT) for Q3FY26 grew by 96% YoY to ₹73 crore, reflecting strong operational efficiency.Silver segment revenue skyrocketed by 131% YoY in Q3FY26 to ₹67 crore, driven by festive gifting.Maintained a high inventory turnover ratio of 4.5x and a conversion rate of 82.28% across 11 stores.Diamond segment saw a decline of 33% YoY in Q3FY26, though the company is targeting growth through exhibitions.
👀 What to Watch
Investors should monitor the company's ability to maintain these high margins as gold prices stabilize. The stock remains an attractive growth play in the organized retail jewellery space in Central India given its efficient inventory management and expansion plans.
D. P. Abhushan Q3FY26: Net Profit Nearly Doubles to ₹73.4 Cr, EBITDA Up 89% YoY
D. P. Abhushan reported a stellar Q3FY26 with PAT surging 96% YoY to ₹73.4 crore and revenue growing 13% to ₹1,222.4 crore. The company's EBITDA margins expanded significantly by 350 basis points to 8.64%, driven by strong festive demand and efficient inventory management. For the nine-month period (9MFY26), PAT rose 84% to ₹161.2 crore, reflecting robust operational efficiency despite gold price volatility. Management highlighted silver as a key growth driver and confirmed plans for further store expansions.
Key Highlights
Q3FY26 Revenue grew 13% YoY to ₹1,222.4 crore, supported by festive season demand in October and November.EBITDA jumped 89% YoY to ₹105.6 crore, with margins expanding from 5.14% to 8.64%.Net Profit (PAT) nearly doubled, rising 96% YoY to ₹73.4 crore from ₹37.3 crore.9MFY26 performance remained strong with PAT of ₹161.2 crore, up 84% compared to the previous year.Company successfully managed gold price volatility through natural hedging and disciplined inventory management.
👀 What to Watch
The stock reflects strong operational leverage and significant margin expansion, making it a positive outlook for growth-oriented investors. Monitor the upcoming store expansions and the sustainability of these higher margins in a volatile gold price environment.
D. P. Abhushan Q3 FY26 Net Profit Jumps 96.5% YoY to ₹73.35 Crore
D. P. Abhushan reported a stellar performance for Q3 FY26, with net profit nearly doubling to ₹73.35 crore from ₹37.34 crore in the same quarter last year. Revenue from operations grew by 12.7% YoY to reach ₹1,222.38 crore, reflecting strong consumer demand. Notably, the company's nine-month profit of ₹161.24 crore has already surpassed its total profit for the entire previous financial year (FY25). Earnings per share (EPS) saw a significant increase to ₹32.21 from ₹16.60 YoY.
Key Highlights
Revenue from operations increased 12.7% YoY to ₹1,22,237.69 Lakhs.Net Profit (PAT) surged 96.5% YoY to ₹7,335.49 Lakhs from ₹3,733.73 Lakhs.Profit Before Tax (PBT) grew by 99% YoY to ₹9,827.89 Lakhs.9-month PAT stands at ₹16,123.91 Lakhs, an 84% increase over the previous year's 9-month period.Basic EPS for the quarter rose to ₹32.21 compared to ₹16.60 in Q3 FY25.
👀 What to Watch
The company is demonstrating exceptional bottom-line growth and margin expansion, making it a high-growth play in the jewellery sector. Investors should maintain a positive outlook given that 9-month profits have already exceeded the previous full year's performance.
DPABHUSHAN Reaffirms CARE A-; Stable Rating, Enhances Bank Facilities to ₹339.95 Crore
D. P. Abhushan Limited (DPAL) has received a reaffirmation of its 'CARE A-; Stable' and 'CARE A2+' credit ratings from CARE Ratings. The company has significantly enhanced its rated bank facilities to ₹339.95 crore from ₹214.06 crore to support its aggressive expansion strategy. Financial performance remains robust, with FY25 revenue growing 42% YoY to ₹3,312 crore and PBILDT margins improving to 5.34%. The company maintains a healthy capital structure with an overall gearing of 0.46x and strong interest coverage of 10.37x.
Key Highlights
CARE Ratings reaffirmed 'CARE A-; Stable' for long-term and 'CARE A2+' for short-term bank facilities.Total rated bank facilities increased to ₹339.95 crore to fund working capital and a 14-store expansion plan over two years.FY25 Total Operating Income surged 42% to ₹3,312 crore, driven by strong performance across major stores.PBILDT margin improved to 5.34% in FY25 and reached 8.62% in H1FY26 due to inventory gains from rising gold prices.Overall gearing remains comfortable at 0.46x as of March 31, 2025, supported by recent equity fundraising of ₹67.74 crore.
👀 What to Watch
Investors should take confidence in the rating reaffirmation and the company's ability to secure higher credit limits for expansion. The focus should remain on the successful rollout of 14 new stores and the sustainability of margins as gold prices stabilize.
Prabha Energy MD Shail Manoj Savla Resigns Effective December 31, 2025
Prabha Energy Limited has announced that Mr. Shail Manoj Savla has resigned from his position as Managing Director, effective from the close of business on December 31, 2025. The resignation is attributed to personal reasons, specifically pre-occupation and paucity of time. Along with his role as MD, he has also stepped down from the Stakeholder Relationship Committee. The company has confirmed that there are no other material reasons for his departure beyond those stated.
Key Highlights
Mr. Shail Manoj Savla resigned as Managing Director effective December 31, 2025.Resignation cited personal reasons including pre-occupation and paucity of time.Mr. Savla also ceased to be a member of the Stakeholder Relationship Committee.The company confirmed no other material reasons for the resignation exist.
👀 What to Watch
Investors should monitor the company's upcoming announcements regarding the appointment of a new Managing Director to ensure leadership continuity. Watch for any potential impact on strategic execution during this transition period.
Prabha Energy Proposes Appointment of New MD and Independent Director via Postal Ballot
Prabha Energy Limited has initiated a postal ballot process to seek shareholder approval for key leadership changes. The company proposes to appoint Mrs. Shivangi Digant Shah as an Independent Director for a five-year term. Additionally, Mr. Shanil Paras Savla is proposed to be regularized as a Director and re-designated as Managing Director for a three-year term starting January 1, 2026. The proposed remuneration for the Managing Director is set at a maximum of Rs. 6,00,000 per month plus perquisites.
Key Highlights
Appointment of Mrs. Shivangi Digant Shah as Independent Director for a 5-year term effective November 4, 2025.Proposed re-designation of Mr. Shanil Paras Savla as Managing Director for 3 years starting January 1, 2026.Proposed monthly salary for the Managing Director capped at Rs. 6,00,000 plus perquisites.E-voting period scheduled from January 1, 2026, to January 30, 2026, with a cut-off date of December 26, 2025.
👀 What to Watch
Investors should monitor the transition in leadership and evaluate if the new Managing Director's experience aligns with the company's long-term strategic goals. No immediate portfolio action is required beyond participating in the electronic voting process.
Prabha Energy to Raise ₹190 Crore via Rights Issue; Appoints New Managing Director
Prabha Energy Limited has approved a significant fundraise of up to ₹19,000 Lakhs (₹190 Crores) through a rights issue of equity shares to existing shareholders. Alongside this capital raise, the company announced a leadership transition where Mr. Shanil Paras Savla will take over as Managing Director effective January 1, 2026. The outgoing Managing Director, Mr. Shail Manoj Savla, is resigning due to personal reasons effective December 31, 2025. A dedicated Rights Issue Committee has been formed to finalize the pricing, entitlement ratio, and record date for the upcoming issue.
Key Highlights
Board approved raising funds up to ₹19,000 Lakhs (₹190 Crores) via a Rights Issue of equity shares.Mr. Shanil Paras Savla appointed as Managing Director for a 3-year term starting January 1, 2026.Outgoing MD Mr. Shail Manoj Savla to step down on December 31, 2025, citing personal reasons.Rights Issue Committee constituted to determine the issue price, ratio, and record date in due course.New MD Shanil Paras Savla brings over 5 years of experience in the Oil and Gas industry with an MBA from the USA.
👀 What to Watch
Investors should wait for the announcement of the rights issue price and entitlement ratio to evaluate the potential dilution and the attractiveness of the offer. The leadership transition should be monitored to ensure continuity in the company's strategic and operational execution.
Prabha Energy Board to Consider Capital Raising via Rights Issue on December 26
Prabha Energy Limited has announced a Board of Directors meeting scheduled for December 26, 2025, to consider a proposal for raising capital through a Rights Issue. The company intends to issue fully paid-up equity shares to existing shareholders, subject to necessary regulatory and statutory approvals. In compliance with SEBI regulations, the trading window for the company's securities has been closed for designated persons starting December 19, 2025. This move indicates a strategic effort to strengthen the company's capital base.
Key Highlights
Board meeting scheduled for December 26, 2025, to discuss capital raising via Rights Issue.Proposal involves the issuance of fully paid-up equity shares to existing shareholders.Trading window for designated persons closed from December 19, 2025, until 48 hours post-meeting.The fundraise is subject to applicable laws and regulatory approvals.
👀 What to Watch
Investors should wait for the board's decision on December 26 regarding the Rights Issue price and entitlement ratio. Assess the intended use of the proceeds to determine if the capital will be used for growth-oriented expansion or debt repayment.
Rishabh Instruments bags Euro €1 million (₹10 Crores) contract
Rishabh Instruments has secured a new contract with a leading Electrical Equipment Supplier in Europe. The contract is valued at Euro €1 million, which is approximately ₹10 Crores. This contract involves the supply of Low Voltage Current Transformers (CTs). Deliveries are scheduled to be equally distributed across FY26 and FY27, indicating a steady revenue stream for the company over the next two fiscal years.
Key Highlights
Contract valued at Euro €1 millionContract value approximately ₹10 CroresSupply of Low Voltage Current Transformers (CTs)Deliveries scheduled equally across FY26 and FY27
👀 What to Watch
This new contract is a positive sign for Rishabh Instruments. Investors should monitor the company's progress in fulfilling this contract and its impact on future earnings.
Rishabh Instruments signs €1mn (~₹10 Cr) contract with leading European Company
Rishabh Instruments Limited has secured a contract worth Euro €1 million (approximately ₹10 Crores) from a prominent European electrical equipment supplier. The agreement involves the supply of customized Low Voltage Current Transformers (CTs), a segment where the company holds a leading global position. Revenue from this order will be realized through deliveries scheduled equally across the financial years 2025-26 (FY26) and 2026-27 (FY27). This win underscores the company's ability to provide engineered solutions for international markets and strengthens its footprint in Europe's energy landscape.
Key Highlights
Secured a contract valued at Euro €1 million (~₹10 Crores) for Low Voltage Current Transformers (CTs).The contract is with a leading European electrical equipment supplier, following months of technical collaboration.Deliveries are scheduled to be executed equally across FY26 and FY27, providing revenue visibility for the next two fiscal years.The order involves customized solutions engineered to meet specific technical and operational requirements of the client.Reinforces Rishabh's position as a global leader in the Low Voltage CT segment and its international growth strategy.
👀 What to Watch
Investors should monitor the company's execution capabilities and the potential for larger follow-on orders from this European partner. The steady expansion into international markets with customized, high-margin products is a positive indicator for long-term growth.
Prabha Energy Sells 70% Stake in Subsidiary Deep Natural Resources for Rs 1.13 Crore
Prabha Energy Limited has completed the sale of its entire 70% stake in its material subsidiary, Deep Natural Resources Limited (DNRL), to Deep Industries Limited. The transaction was valued at Rs 32.25 per share, totaling approximately Rs 1.13 crore. DNRL contributed significantly to the company's consolidated revenue at 60.03% (INR 236.92 Lakhs) in FY24-25, though it represented only 0.41% of the consolidated net worth. This divestment follows shareholder approval obtained in August 2025 and marks the company's exit from this subsidiary.
Key Highlights
Sold 350,000 equity shares representing a 70% stake in Deep Natural Resources Limited.Sale price executed at Rs 32.25 per share, including a premium of Rs 22.25.DNRL accounted for 60.03% of consolidated turnover and 11.92% of net profit in FY24-25.The buyer, Deep Industries Limited, is a related party and the transaction was done at arm's length.Transaction closed on December 02, 2025, following shareholder approval on August 08, 2025.
👀 What to Watch
Investors should closely monitor how the company intends to replace the 60% revenue stream lost through this divestment. While the net worth impact is minimal, the significant reduction in consolidated turnover requires a clear future growth strategy from management.
D. P. Abhushan Limited has released an investor presentation reflecting the market opportunity, business highlights, and financial highlights. FY25 revenue reflected a 42% YoY growth. EBITDA stood up 73% while PAT marking 82% YoY increase. The company opened its second showroom in Ratlam, a 9,450 sq. ft. space. The company is participating in Roadshows and meeting prospective investors.
Key Highlights
FY25 revenue growth of 42% YoYEBITDA up 73% YoYPAT increase of 82% YoYSecond showroom in Ratlam with 9,450 sq. ft.
👀 What to Watch
Review the investor presentation for detailed insights into D. P. Abhushan's growth strategy and financial performance; monitor the company's expansion plans and participation in roadshows.
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