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EID Parry Standalone Net Loss Narrows to ₹54.35 Cr in Q3 FY26; Revenue Declines 8.8% YoY
EID Parry reported a standalone net loss of ₹54.35 crore for the quarter ended December 31, 2025, showing improvement from a loss of ₹146.26 crore in the previous year's corresponding quarter. Revenue from operations fell by 8.8% YoY to ₹773.24 crore, impacted by lower performance in the consumer products and sugar segments. The company continues to struggle with profitability across its core segments, with sugar and consumer products reporting operating losses of ₹25.88 crore and ₹31.47 crore respectively. Notably, the nine-month results are heavily weighed down by a ₹352.23 crore impairment charge related to its subsidiary, Parry Sugars Refinery India.
Key Highlights
Standalone Revenue from operations decreased to ₹773.24 crore from ₹847.89 crore in Q3 FY25.
Standalone Net Loss narrowed significantly to ₹54.35 crore compared to ₹146.26 crore in the same period last year.
Consumer Products segment revenue saw a sharp decline to ₹143.03 crore from ₹236.27 crore YoY.
Sugar segment reported an operating loss of ₹25.88 crore, while the Distillery segment posted a loss of ₹14.79 crore.
Nine-month standalone net loss stands at ₹367.89 crore, primarily due to a ₹352.23 crore impairment of investment in subsidiary PSRIPL.
💼 Action for Investors
Investors should exercise caution as the standalone business remains loss-making across almost all major segments including Sugar and Consumer Products. The significant impairment in the refinery subsidiary suggests underlying stress in the group's consolidated value chain.
EID Parry to Sell Up to 15 Lakh Shares (0.51% Stake) in Coromandel International
The Board of EID Parry has approved the sale of up to 15,00,000 equity shares of its subsidiary, Coromandel International Limited (CIL), via the open market. This stake represents approximately 0.51% of CIL's total paid-up equity capital. EID Parry currently holds a 56.09% stake in CIL, which is a major value driver, contributing 76.19% to its consolidated revenue and 86.78% to its net worth as of FY 2024-25. The sale will be executed at prevailing market prices at an appropriate time.
Key Highlights
Approved sale of up to 15,00,000 equity shares of Coromandel International Limited (CIL).
The proposed sale represents approximately 0.51% of CIL's total paid-up equity capital.
EID Parry currently holds 16,54,55,580 shares, equivalent to a 56.09% stake in CIL.
CIL contributed Rs 24,085.24 crore (76.19%) to EID Parry's consolidated revenue in FY25.
The transaction will be conducted through open market sales at market-linked prices.
💼 Action for Investors
Investors should view this as a minor liquidity-generating move that does not significantly alter EID Parry's control over its primary subsidiary. Monitor how the company intends to utilize the proceeds from this stake sale.
EID Parry Q3 FY26 Standalone Net Loss Narrows to ₹54.35 Crore; Revenue Down 8.8% YoY
EID Parry reported a standalone net loss of ₹54.35 crore for the quarter ended December 31, 2025, showing improvement from a loss of ₹146.26 crore in the previous year's corresponding quarter. Revenue from operations decreased by 8.8% YoY to ₹773.24 crore, impacted by a sharp decline in the Consumer Products segment. While losses have narrowed, the company's core Sugar and Consumer Products segments continue to operate at a loss at the EBIT level. The company also noted a significant impairment of ₹352.23 crore regarding its subsidiary PSRIPL in its nine-month performance.
Key Highlights
Standalone Revenue from operations declined to ₹773.24 crore from ₹847.89 crore in Q3 FY25.
Net Loss for the quarter narrowed to ₹54.35 crore compared to ₹146.26 crore in the same period last year.
Consumer Products segment revenue saw a significant drop to ₹143.03 crore from ₹236.27 crore YoY.
Sugar segment reported a loss of ₹25.88 crore on revenue of ₹388.79 crore.
Distillery segment revenue remained stable at ₹289.05 crore, though it recorded a marginal segment loss of ₹14.79 crore.
💼 Action for Investors
Investors should remain cautious as the company continues to report standalone losses across major segments despite the year-on-year narrowing. Monitor the performance of the Consumer Products division and the impact of the PSRIPL impairment on the consolidated balance sheet.
Uniparts India Receives ₹25.8 Crore Income Tax Demand for AY 2024-25
Uniparts India Limited has received a notice of demand for ₹25.80 crore from the Income Tax Department for the Assessment Year 2024-25. The demand primarily stems from the tax authority's failure to consider a deduction of ₹83.28 crore available under Section 80M. The company asserts that the claims are not maintainable and expects no material financial impact. Management is preparing to file a rectification petition and a legal appeal to contest the order.
Key Highlights
Received a tax demand notice of ₹25,79,86,410 including interest under sections 234A and 234B.
The dispute involves the non-consideration of a Section 80M deduction amounting to ₹83,27,89,954.
Penalty proceedings under Section 270A for under-reporting of income have been initiated separately.
Company plans to file a rectification petition and explore further legal remedies against the demand order.
Management believes the company has a strong case on merits and expects a favorable outcome.
💼 Action for Investors
Investors should monitor the outcome of the rectification petition as the demand appears to be a technical oversight regarding eligible deductions. While the amount is significant, the company's clear identification of the missing deduction suggests a high probability of resolution.
Paramount Communications Q3 Revenue Grows 19% to ₹460 Cr; Net Profit Declines 67% YoY
Paramount Communications reported a steady 19.1% YoY growth in standalone revenue to ₹460.42 crore for the quarter ended December 31, 2025. However, the company's net profit witnessed a significant decline, falling to ₹7.45 crore from ₹22.53 crore in the previous year's corresponding quarter. This bottom-line pressure was driven by a sharp rise in raw material costs and a spike in employee benefit expenses, which included a ₹2.52 crore impact from the New Labour Code. Additionally, the company completed the divestment of its subsidiary, Valens Technologies, during this period.
Key Highlights
Standalone Revenue from operations increased to ₹460.42 crore, up 19.1% from ₹386.39 crore YoY.
Net Profit for Q3 FY26 dropped sharply by 66.9% YoY to ₹7.45 crore.
Employee benefit expenses surged to ₹14.30 crore, impacted by ₹2.52 crore in incremental gratuity and leave encashment costs due to new labor regulations.
Finance costs rose significantly to ₹5.56 crore compared to ₹3.48 crore in the same quarter last year.
The company divested its entire stake in subsidiary Valens Technologies Private Limited on November 6, 2025.
💼 Action for Investors
Investors should exercise caution as the significant contraction in profit margins despite revenue growth indicates rising operational headwinds and input cost pressures. Monitor the company's ability to pass on costs and the long-term impact of the increased employee benefit structure on future earnings.
BIL Vyapar CoC Approves Resolution Professional Appointment Amid Insolvency Process
BIL Vyapar Limited, formerly known as Binani Industries Limited, has announced the outcome of its first Committee of Creditors (CoC) meeting following its entry into the Corporate Insolvency Resolution Process (CIRP). The CoC has officially approved the appointment of Ms. Rachna Jhunjhunwala as the Resolution Professional to oversee the company's affairs. Additionally, the committee ratified expenses related to public announcements and the remuneration for the Interim Resolution Professional. The company has been under the management of an insolvency professional since the NCLT order dated November 13, 2025.
Key Highlights
Company is currently under Corporate Insolvency Resolution Process (CIRP) per NCLT order dated November 13, 2025.
First CoC meeting held on December 19, 2025, with e-voting concluding on December 26, 2025.
Ms. Rachna Jhunjhunwala appointed as the Resolution Professional (RP) for the insolvency process.
CoC ratified and approved all expenses related to the public announcement and IRP remuneration under the IBC 2016.
💼 Action for Investors
Investors should exercise extreme caution as insolvency proceedings often lead to significant equity dilution or delisting of the company. Monitor future disclosures regarding the resolution plan to assess any potential recovery value for shareholders.
BIL Vyapar Ltd Appoints Rachna Jhunjhunwala as Resolution Professional Amid Insolvency Process
BIL Vyapar Limited, formerly known as Binani Industries Limited, is currently undergoing the Corporate Insolvency Resolution Process (CIRP) following an NCLT order dated November 13, 2025. During the first Committee of Creditors (CoC) meeting concluded on December 26, 2025, creditors approved the appointment of Ms. Rachna Jhunjhunwala as the Resolution Professional (RP). The CoC also ratified the remuneration for the Interim Resolution Professional and approved essential expenses related to the insolvency proceedings. This transition marks a formal step in the restructuring or liquidation process of the company under the Insolvency and Bankruptcy Code.
Key Highlights
Appointment of Ms. Rachna Jhunjhunwala as Resolution Professional approved by the CoC via e-voting on December 26, 2025.
Company entered Corporate Insolvency Resolution Process (CIRP) following an NCLT order dated November 13, 2025.
CoC ratified and approved expenses for public announcements and other costs under the Insolvency and Bankruptcy Code 2016.
Remuneration for the Interim Resolution Professional (IRP), Mr. Subodh Kumar Agrawal, was formally ratified by the creditors.
💼 Action for Investors
Investors should be extremely cautious as equity shareholders typically face significant value erosion or total loss during insolvency proceedings. Monitor future disclosures regarding the resolution plan to assess if any value remains for minority shareholders.
BIL Vyapar Appoints Rachna Jhunjhunwala as Resolution Professional in First CoC Meeting
BIL Vyapar Limited, formerly known as Binani Industries, has reported the outcomes of its first Committee of Creditors (CoC) meeting following its entry into the Corporate Insolvency Resolution Process (CIRP). The CoC has officially approved the appointment of Ms. Rachna Jhunjhunwala as the Resolution Professional (RP), succeeding the Interim Resolution Professional. The committee also ratified the expenses incurred for public announcements and the remuneration for the outgoing IRP. The company has been under insolvency proceedings since the NCLT order dated November 13, 2025.
Key Highlights
Appointment of Ms. Rachna Jhunjhunwala as Resolution Professional (RP) approved by the CoC.
Ratification of expenses related to Public Announcement and other IBC 2016 costs.
Approval of remuneration for the Interim Resolution Professional (IRP), Mr. Subodh Kumar Agrawal.
Company entered CIRP following an NCLT order on November 13, 2025, with the order received on November 21, 2025.
💼 Action for Investors
Investors should be aware that the company is in insolvency, which typically results in significant risk to equity holders. Monitor the resolution process closely as equity value is often severely diluted or wiped out in final resolution plans.
BIL Vyapar Appoints Rachna Jhunjhunwala as Resolution Professional Under CIRP
BIL Vyapar Limited, formerly Binani Industries, has announced the appointment of Ms. Rachna Jhunjhunwala as the Resolution Professional (RP). This decision was finalized following the conclusion of e-voting by the Committee of Creditors (CoC) on December 26, 2025. The company has been under the Corporate Insolvency Resolution Process (CIRP) since November 13, 2025, following an NCLT order. The CoC also ratified expenses related to public announcements and the remuneration of the outgoing Interim Resolution Professional.
Key Highlights
Ms. Rachna Jhunjhunwala appointed as Resolution Professional (RP) following CoC e-voting concluded on Dec 26, 2025
Company entered Corporate Insolvency Resolution Process (CIRP) via NCLT order dated Nov 13, 2025
Committee of Creditors (CoC) ratified expenses for public announcements and IRP remuneration
The first meeting of the Committee of Creditors was held on Dec 19, 2025
💼 Action for Investors
Investors should exercise extreme caution as equity value is often significantly diluted or wiped out during insolvency proceedings. Monitor the progress of the resolution plan to assess any potential recovery for stakeholders.
BIL Vyapar Appoints Rachna Jhunjhunwala as Resolution Professional Following CoC Meeting
BIL Vyapar Limited (formerly Binani Industries) has reported the outcome of its first Committee of Creditors (CoC) meeting held on December 19, 2025. The CoC has officially approved the appointment of Ms. Rachna Jhunjhunwala as the Resolution Professional (RP) to manage the company's insolvency process. Furthermore, the committee ratified the remuneration for the Interim Resolution Professional and approved expenses related to the insolvency proceedings initiated by the NCLT in November 2025.
Key Highlights
Ms. Rachna Jhunjhunwala appointed as Resolution Professional (RP) by the Committee of Creditors.
CoC ratified expenses for Public Announcement and other costs under the Insolvency and Bankruptcy Code 2016.
E-voting for the first CoC meeting concluded on December 26, 2025.
The company remains under Corporate Insolvency Resolution Process (CIRP) following a November 13, 2025, NCLT order.
💼 Action for Investors
Investors should be aware that insolvency proceedings typically result in high risk for equity holders, often leading to total loss. Avoid new positions and monitor the resolution process for any potential restructuring plans.
BIL Vyapar Appoints Rachna Jhunjhunwala as Resolution Professional in 1st CoC Meeting
BIL Vyapar Limited, formerly Binani Industries, has progressed in its Corporate Insolvency Resolution Process (CIRP) following its first Committee of Creditors (CoC) meeting held on December 19, 2025. Through e-voting concluded on December 26, 2025, the CoC approved the appointment of Ms. Rachna Jhunjhunwala as the Resolution Professional (RP). The committee also ratified the remuneration of the Interim Resolution Professional and approved expenses incurred for public announcements under the Insolvency and Bankruptcy Code. The company has been under CIRP since the NCLT order dated November 13, 2025.
Key Highlights
Ms. Rachna Jhunjhunwala appointed as Resolution Professional (RP) following CoC e-voting on Dec 26, 2025
Company entered CIRP following an NCLT order dated Nov 13, 2025, with the order received on Nov 21, 2025
CoC ratified and approved expenses for public announcements and other IBC-related costs
Remuneration for the Interim Resolution Professional (IRP), Mr. Subodh Kumar Agrawal, was formally ratified
💼 Action for Investors
Investors should exercise extreme caution as the company is in insolvency proceedings where equity holders typically face significant value erosion. Monitor for future updates regarding the submission and approval of any resolution plans.
BIL Vyapar Appoints Rachna Jhunjhunwala as Resolution Professional Under IBC Process
BIL Vyapar Limited, formerly Binani Industries, has concluded its first Committee of Creditors (CoC) meeting as part of its ongoing Corporate Insolvency Resolution Process (CIRP). The CoC approved the appointment of Ms. Rachna Jhunjhunwala as the Resolution Professional, succeeding the Interim Resolution Professional. The meeting also ratified the remuneration for the IRP and expenses related to the public announcement under the Insolvency and Bankruptcy Code 2016. The company has been under the management of insolvency professionals since the NCLT order on November 13, 2025.
Key Highlights
CoC approved the appointment of Ms. Rachna Jhunjhunwala as Resolution Professional on December 26, 2025.
Ratification of remuneration for Interim Resolution Professional Mr. Subodh Kumar Agrawal.
Approval of expenses related to the Public Announcement and other IBC-mandated costs.
The company entered CIRP following an NCLT order dated November 13, 2025, with the order received on November 21, 2025.
💼 Action for Investors
Investors should exercise extreme caution as insolvency proceedings typically result in significant value erosion or total loss for equity shareholders. Monitor the resolution process for any potential restructuring plans that might impact the company's listing status.
BIL Vyapar Issues Revised Form G for CIRP; EOI Submission Deadline Feb 19, 2026
BIL Vyapar Limited, formerly known as Binani Industries, has issued a revised Form G inviting Expressions of Interest (EOI) under the Corporate Insolvency Resolution Process (CIRP). The company is currently in a distressed state, reporting zero operational revenue and only Rs. 2.51 lakh in other income for FY 2024-25. The insolvency process follows an NCLT order from November 2025, with the company currently having no employees. Prospective resolution applicants have until February 19, 2026, to submit EOIs, with final resolution plans expected by April 7, 2026.
Key Highlights
Last date for receipt of Expression of Interest (EOI) is February 19, 2026.
Final date for submission of Resolution Plans is set for April 7, 2026.
FY 2024-25 financials show zero revenue from operations and zero employees.
Company is under CIRP managed by Interim Resolution Professional Subodh Kumar Agrawal.
Provisional list of resolution applicants to be issued by February 26, 2026.
💼 Action for Investors
Equity shareholders should exercise extreme caution as insolvency proceedings often result in total capital loss or delisting. It is advisable to monitor the resolution process for any updates on the company's future viability or liquidation.
BIL Vyapar Appoints Resolution Professional in First CoC Meeting Under IBC Process
BIL Vyapar Limited, formerly known as Binani Industries Limited, has concluded its first Committee of Creditors (CoC) meeting following its admission into the Corporate Insolvency Resolution Process (CIRP). The CoC approved the appointment of Ms. Rachna Jhunjhunwala as the Resolution Professional (RP), transitioning from the interim phase. The meeting, which concluded e-voting on December 26, 2025, also ratified expenses related to the public announcement and the remuneration of the Interim Resolution Professional. This follows the NCLT order dated November 13, 2025, which placed the company under insolvency proceedings.
Key Highlights
Appointment of Ms. Rachna Jhunjhunwala as Resolution Professional (RP) approved by the CoC.
Company entered Corporate Insolvency Resolution Process (CIRP) via NCLT order dated November 13, 2025.
E-voting for the first CoC meeting concluded on December 26, 2025, ratifying IRP remuneration and public announcement costs.
The company's affairs and assets are currently managed by the resolution professional under the IBC 2016 framework.
💼 Action for Investors
Investors should be extremely cautious as equity shareholders typically face significant value erosion or total loss during insolvency proceedings. Monitor upcoming resolution plans to see if any value is preserved for minority shareholders.
BIL Vyapar CoC Approves Appointment of Resolution Professional Under Insolvency Process
BIL Vyapar Limited, formerly Binani Industries, announced that its first Committee of Creditors (CoC) meeting concluded on December 26, 2025. The CoC approved the appointment of Ms. Rachna Jhunjhunwala as the Resolution Professional (RP) to take over from the Interim Resolution Professional. Additionally, the committee ratified expenses related to the insolvency process and the IRP's remuneration. The company has been under the Corporate Insolvency Resolution Process (CIRP) since November 2025 following an NCLT order.
Key Highlights
CoC meeting held on Dec 19 and e-voting concluded on Dec 26, 2025, to approve key insolvency agendas.
Ms. Rachna Jhunjhunwala appointed as Resolution Professional (RP) for BIL Vyapar Limited.
Ratification of public announcement expenses and Interim Resolution Professional (IRP) remuneration.
The company remains under CIRP following the NCLT order passed on November 13, 2025.
💼 Action for Investors
Equity shareholders should exercise extreme caution as insolvency proceedings often result in significant loss of value for existing shares. Monitor the resolution process for any potential restructuring plans that may impact the company's future.
Apeejay Surrendra Park Hotels Q3 Revenue Crosses INR 200 Cr; EBITDA Margin at 35.3%
Apeejay Surrendra Park Hotels reported its best-ever Q3 performance with consolidated revenue crossing INR 200 crore for the first time, supported by a 90% occupancy rate. The company achieved an EBITDA of INR 71 crore with a margin of 35.3%, while 9M FY26 revenue grew by 15.3% to INR 524 crore. Strategic expansions include the launch of The Park Unizen residences, expected to generate INR 300-350 crore in cash flow over three years. Additionally, the company completed key acquisitions in Mumbai and Kerala to strengthen its luxury and leisure portfolio.
Key Highlights
Record Q3 revenue of INR 200 crore with industry-leading occupancy of 90% and 11% growth in ARR.
Acquisition of 76% stake in Juhu, Mumbai property and two luxury Kerala assets for INR 64 crore.
The Park Unizen project in Kolkata projected to contribute INR 300-350 crore in cash flow over 3 years.
Expansion plan to add 17 hotels (672 keys) over the next 14 months, reaching a total of 3,219 keys.
Flurys brand recorded 33% revenue growth in 9M FY26 with 104 operational outlets.
💼 Action for Investors
Investors should view the strong operational metrics and aggressive expansion into high-margin luxury segments as a positive growth indicator. The potential monetization of the Pune asset with significantly increased FSI offers additional long-term value upside.
Parsvnath Developers Q3 Net Loss Widens to ₹149.48 Cr; Finance Costs Surge 45% YoY
Parsvnath Developers reported a significant widening of consolidated net loss to ₹149.48 crore for Q3 FY26, compared to a loss of ₹31.46 crore in the same period last year. While consolidated revenue saw a marginal increase to ₹61.04 crore, the company's financial health remains under severe pressure due to finance costs of ₹129.02 crore, which now exceed total quarterly revenue. The company is also navigating complex legal battles with DMRC and landowners, with over ₹230 crore in assets currently under arbitration. Furthermore, the consolidated 'Other Equity' stands at a staggering negative ₹2,259 crore, indicating deep-rooted financial distress.
Key Highlights
Consolidated net loss widened to ₹149.48 crore in Q3 FY26 from ₹31.46 crore in Q3 FY25.
Finance costs surged to ₹129.02 crore, a 45.7% increase compared to ₹88.57 crore in the previous year's quarter.
Consolidated revenue from operations grew slightly by 4.8% YoY to ₹61.04 crore.
Ongoing legal disputes with DMRC involve intangible assets and upfront fees totaling approximately ₹23,955 lakhs.
Consolidated Other Equity remains deeply negative at ₹2,25,906.96 lakhs, highlighting a severely eroded net worth.
💼 Action for Investors
Investors should exercise extreme caution as the company's interest obligations significantly outweigh its revenue generation, leading to continuous capital erosion. The stock remains highly speculative given the negative equity and reliance on favorable outcomes from multiple high-stakes legal arbitrations.
Parsvnath Developers Q3 Net Loss Widens to ₹149.48 Cr; Finance Costs Surge
Parsvnath Developers reported a significantly widened consolidated net loss of ₹149.48 crore for Q3 FY2025-26, compared to a loss of ₹31.46 crore in the same quarter last year. While consolidated revenue grew slightly to ₹61.04 crore, the bottom line was severely hit by finance costs which ballooned to ₹129.02 crore. The company continues to face major legal uncertainties regarding BOT projects with DMRC, with over ₹220 crore in assets currently tied up in arbitration and litigation. Standalone performance also deteriorated, swinging from a profit of ₹29.62 crore (aided by exceptional items) to a loss of ₹50.85 crore.
Key Highlights
Consolidated net loss widened to ₹149.48 crore in Q3 FY26 from ₹31.46 crore in Q3 FY25.
Finance costs surged to ₹129.02 crore, exceeding the total quarterly revenue of ₹61.04 crore.
Standalone revenue increased 24% YoY to ₹19.19 crore, but the company posted a standalone loss of ₹50.85 crore.
Ongoing legal disputes with DMRC involve intangible assets and upfront fees totaling approximately ₹239 crore.
Consolidated nine-month loss for FY26 stands at ₹362.49 crore, significantly higher than the ₹260.42 crore loss in the previous year.
💼 Action for Investors
Investors should remain highly cautious as the company's interest burden exceeds its revenue, indicating severe financial stress. The stock is subject to high volatility and risk pending the resolution of multiple high-stakes legal battles with DMRC and other collaborators.
Parag Milk Foods Q3 FY26: Revenue Crosses ₹1,000 Cr; New Age Business Surges 123% YoY
Parag Milk Foods reported its highest-ever quarterly revenue of over INR 1,000 crores, marking a 14% YoY growth driven by an 8% increase in volumes. The high-margin New Age segment, including Avvatar and Pride of Cows, crossed the INR 100 crore quarterly milestone for the first time with a massive 123% YoY growth. While milk inflation of 20% YoY pressured gross margins to 25.9%, the company maintained sequential margins through calibrated price hikes and an improved product mix. For the 9-month period, PAT before exceptional items grew by 17% to INR 109 crores, showcasing underlying operational resilience.
Key Highlights
Quarterly revenue exceeded INR 1,000 crores for the second consecutive quarter, up 14% YoY.
New Age business (Avvatar & Pride of Cows) revenue crossed INR 100 crores, growing 123% YoY.
Core categories (Ghee, Cheese, Paneer) contributed 64% of total revenue with 12% volume growth.
Milk procurement prices rose 20% YoY to INR 40 per litre, impacting EBITDA margins which stood at 7.6%.
9M FY26 PAT before exceptional items increased by 17% YoY to INR 109 crores.
💼 Action for Investors
Investors should monitor the company's ability to sustain margins through planned price hikes in February to offset rising milk costs. The rapid scaling of the high-margin Avvatar brand remains a significant long-term value driver for the stock.
Par Drugs Q3 Net Profit Surges 730% YoY to ₹4.80 Cr; Revenue up 37%
Par Drugs and Chemicals reported a stellar performance for Q3 FY26, with revenue from operations growing 37.2% YoY to ₹29.34 crore. Net profit witnessed an exceptional surge of approximately 730% YoY, rising from ₹0.58 crore to ₹4.80 crore. On a sequential basis, the company maintained steady momentum with net profit increasing by 16.2% compared to Q2 FY26. The company continues to operate as a pure-play API manufacturer, showing significant margin expansion as profit growth vastly outpaced revenue growth.
Key Highlights
Revenue from operations increased by 37.2% YoY to ₹2,933.95 Lakhs from ₹2,138.11 Lakhs.
Net Profit skyrocketed to ₹479.72 Lakhs in Q3 FY26 compared to ₹57.80 Lakhs in Q3 FY25.
Earnings Per Share (EPS) improved significantly to ₹3.90 from ₹0.47 in the year-ago period.
Nine-month (9M FY26) net profit stands at ₹1,225.49 Lakhs, nearly matching the full-year FY25 profit of ₹1,335.79 Lakhs in just three quarters.
Total expenses for the quarter were ₹2,422.30 Lakhs, with cost of materials consumed accounting for ₹1,211.91 Lakhs.
💼 Action for Investors
The company is demonstrating strong operational leverage with massive profit growth on moderate revenue increases. Investors should consider this a positive signal of fundamental strength in their API business and monitor the sustainability of these improved margins.