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ICRA Reaffirms RailTel's Credit Ratings at [ICRA]AA (Stable) and [ICRA]A1+
ICRA Limited has reaffirmed the credit ratings for RailTel Corporation of India Limited's various bank facilities. The long-term rating is maintained at [ICRA]AA with a Stable outlook, while the short-term rating remains at [ICRA]A1+. These ratings cover non-fund based limits, fund-based cash credit, and unallocated limits. The reaffirmation signifies the company's continued financial stability and strong credit profile within the telecom and railway infrastructure sectors.
Key Highlights
Long-term rating reaffirmed at [ICRA]AA with a Stable outlook for fund-based and non-fund based limits.
Short-term rating reaffirmed at [ICRA]A1+ for non-fund based and unallocated limits.
The ratings apply to a variety of facilities including Cash Credit and Interchangeable limits.
Stable outlook indicates ICRA's expectation that the company will maintain its credit position in the medium term.
💼 Action for Investors
The reaffirmation of high-grade credit ratings confirms RailTel's strong financial health and low default risk. Investors should maintain their positions as the fundamental credit profile remains robust and unchanged.
L&T Partners with NVIDIA to Build India's Largest Gigawatt-Scale AI Factory
Larsen & Toubro (L&T) has announced a strategic partnership with NVIDIA to build sovereign, gigawatt-scale AI factory infrastructure in India. The venture will scale NVIDIA GPU clusters at L&T's Chennai data center to 30 MW and is currently executing a new 40 MW data center in Mumbai. This initiative aims to serve global hyperscalers, cloud providers, and domestic enterprises by providing production-grade AI capacity. The move positions L&T as a critical player in the high-growth AI infrastructure market, leveraging its engineering expertise with NVIDIA's advanced computing stack.
Key Highlights
Strategic partnership with NVIDIA to deploy GPUs, CPUs, and networking for sovereign AI infrastructure.
Scaling NVIDIA GPU cluster deployment at Chennai DC up to 30 MW within a 300-acre campus.
Development of a new 40 MW Datacenter in Mumbai currently under execution for AI workloads.
Targeting gigawatt-scale capacity to serve global hyperscalers and India's priority sectors like finance and energy.
Integration of NVIDIA AI Enterprise software stack to enable rapid, secure AI adoption for enterprises.
💼 Action for Investors
Investors should view this as a major strategic pivot into high-margin digital infrastructure that complements L&T's core EPC business. Monitor the progress of the Mumbai and Chennai facilities as key milestones for the company's tech-led growth trajectory.
Bosch Ltd Appoints Tillmann Olsen as CFO; Karin Gilges Resigns for Global Role
Bosch Limited has announced a leadership transition where Mr. Tillmann Olsen will take over as Chief Financial Officer effective June 1, 2026. He succeeds Ms. Karin Gilges, who is resigning effective May 31, 2026, to pursue a global role within the Bosch Group outside India. Mr. Olsen brings significant international experience, currently managing a business unit at Bosch Rexroth AG with sales exceeding 400 million EUR. This planned transition appears to be a routine internal movement within the global Bosch organization.
Key Highlights
Mr. Tillmann Olsen appointed as CFO and Key Managerial Personnel effective June 1, 2026
Current CFO Karin Gilges to step down on May 31, 2026, after serving since May 2022
Incoming CFO Tillmann Olsen currently oversees a global business unit with over 400 million EUR in sales
Olsen has extensive experience in M&A, restructuring, and P&L management across Europe, Africa, and Asia
The transition is part of a global group rotation with no material concerns reported regarding the resignation
💼 Action for Investors
This is a standard leadership transition within a multinational group; investors should monitor if there are any shifts in financial strategy after June 2026, though none are expected.
Viceroy Hotels Q3 PAT Jumps 50% to ₹10.9 Cr; Acquires Marriott Executive Apartments for ₹215 Cr
Viceroy Hotels reported a strong Q3 FY26 with PAT growing 50% YoY to ₹10.9 crores and EBITDA margins expanding to 31.5%. The company announced the strategic acquisition of Marriott Executive Apartments in Gachibowli, Hyderabad, for ₹215 crores, adding 75 premium keys. Operational metrics showed significant improvement with ADRs for Marriott and Courtyard rising by 10.3% and 11.3% YoY respectively. The management is progressing with a ₹120 crore capex plan, aiming to reach a total of 1,000 keys by 2030.
Key Highlights
Q3 FY26 PAT rose 50% YoY to ₹10.9 crores with revenue at ₹38.33 crores.
Acquired 75-room Marriott Executive Apartments in Hyderabad for ₹215 crores, expected to be immediately accretive.
EBITDA margin improved to 31.5% in Q3 FY26 from 30% in the previous year due to higher ADRs.
Average Daily Rate (ADR) for Courtyard property increased 11.3% YoY to ₹8,386.
Company targets 1,000 keys by 2030, currently operating 538 keys following the recent acquisition.
💼 Action for Investors
Investors should view the margin expansion and inorganic growth positively as the company scales its presence in the high-growth Hyderabad market. Monitor the progress of Phase 2 renovations at the Marriott property which could temporarily impact occupancy but drive long-term ADR growth.
MPS Limited Schedules Investor Call on Feb 18 for Unbound Medicine, Inc. Acquisition
MPS Limited has announced an update to its conference call scheduled for February 18, 2026, at 7:00 P.M. IST regarding the acquisition of Unbound Medicine, Inc. The company has added a Zoom audio-video participation option to the existing dial-in facilities to facilitate better investor engagement. The acquisition is being conducted through its wholly-owned subsidiary, MPS North America LLC. Chairman and CEO Rahul Arora will lead the call to discuss the strategic implications of this US-based expansion.
Key Highlights
Conference call scheduled for February 18, 2026, at 7:00 P.M. IST.
Discussion focused on the acquisition of Unbound Medicine, Inc., USA.
Deal executed via MPS North America LLC, a 100% wholly-owned subsidiary.
Management to provide details on the strategic rationale and financial impact of the US acquisition.
💼 Action for Investors
Investors should attend the conference call to understand the valuation and synergy benefits of the Unbound Medicine acquisition. Monitor the impact of this acquisition on the company's North American revenue share and overall margins.
MSTC Q3 FY26: Adjusted PAT Grows 10% YoY; New EPR Exchange and Travel Platform to Launch Soon
MSTC reported a steady 9.87% YoY growth in total revenue for 9M FY26, reaching 302.67 crore INR, primarily driven by its e-commerce segment. While reported PAT fell due to a high base from last year's 273.5 crore INR FSNL disinvestment gain, adjusted PAT grew by approximately 10% to 145.89 crore INR. The company is diversifying into high-margin software platforms, including a first-of-its-kind EPR certificate exchange and a new travel booking vertical launching in April 2026. Losses in the MMRPL joint venture are narrowing sequentially, signaling a potential turnaround in the recycling business.
Key Highlights
9M FY26 EBITDA increased by 9.61% YoY to 199.95 crore INR with a 9.26% rise in e-commerce revenue.
Adjusted PAT (excluding last year's FSNL sale proceeds) grew 10% YoY to 145.89 crore INR.
Successfully completed the first tranche of gold bullion allocation for DGFT; silver and other commodities to follow.
Launching a unified B2B/B2C travel booking platform in April 2026 to diversify digital service revenue.
MMRPL joint venture losses are reducing sequentially following cost rationalization and the relocation of units.
💼 Action for Investors
Investors should monitor the scaling of the new EPR exchange and travel platform as these high-margin digital services could significantly boost future profitability. The stock remains a strong play on government digitalization and the formalization of scrap and commodity markets.
Subex Q3 FY26 Normalized PAT Jumps 97% QoQ to ₹7.68 Cr; Revenue Grows to ₹70.79 Cr
Subex Limited reported a steady sequential revenue growth of 2.7% reaching ₹70.79 crores in Q3 FY26. The company's normalized PAT saw a significant jump to ₹7.68 crores from ₹3.9 crores in Q2, reflecting improved operational discipline and a shift toward high-margin AI products. While reported PAT was ₹2.9 crores, it was impacted by a one-time exceptional cost of ₹4.5 crores due to new labour code liabilities. Management highlighted the successful commercialization of 'FraudZap' and funded GenAI POCs with European customers as key growth drivers.
Key Highlights
Revenue grew 2.7% QoQ to ₹70.79 crores with a normalized EBITDA margin of 13.1%.
Normalized PAT nearly doubled sequentially to ₹7.68 crores, excluding a ₹4.5 crore exceptional labour code charge.
Successfully commercialized 'FraudZap' product within one year and secured a major European fraud management contract.
European customers are currently funding Proof of Concepts (POCs) for Subex's new GenAI agents.
Strengthened governance with two new independent directors and new heads for HR and Legal departments.
💼 Action for Investors
Investors should track the conversion rate of AI-led POCs into long-term contracts as these offer faster revenue realization than traditional models. The operational turnaround and margin expansion are positive signs for long-term recovery.
Ecos Mobility Q3 FY26 Revenue Up 22.5% to ₹206 Cr; EBITDA Margins Compress to 11.3%
Ecos Mobility reported a strong 22.5% YoY revenue growth in Q3 FY26, reaching ₹206.1 crore, driven by a 31.3% surge in trip volumes. However, EBITDA margins contracted to 11.33% from 12.85% due to higher variable costs and investments in onboarding large enterprise clients. The company added 39 new clients, bringing the total active base to 1,734, while maintaining a healthy 9-month revenue growth of 26.1%. Management remains optimistic about long-term growth of 15-20% despite near-term margin pressure from technology and talent investments.
Key Highlights
Q3 FY26 revenue grew 22.48% YoY to ₹206.07 crore, while 9M FY26 revenue rose 26.15% to ₹601.4 crore.
EBITDA margins for Q3 FY26 contracted to 11.33% compared to 12.85% in the previous year's quarter.
Active client base expanded by 34% YoY to 1,734, with 39 new enterprise clients added during the quarter.
Chauffeur-driven Car Rentals (CCR) segment grew 30% YoY, now contributing 43% of total revenue.
Total trip volumes for Q3 reached 1.3 million, representing a significant 31.29% YoY increase.
💼 Action for Investors
Investors should monitor the company's ability to pass on costs and improve margins as new enterprise contracts scale up over the next 2-3 quarters. The strong top-line momentum and digital adoption are positive signs, but margin recovery is essential for valuation re-rating.
Loyal Textile Mills Approves Q3 FY2025-26 Unaudited Financial Results
Loyal Textile Mills Limited has officially approved its standalone and consolidated financial results for the quarter and nine months ending December 31, 2025. The Board of Directors met on February 11, 2026, to adopt these results along with the limited review report from statutory auditors M/s. Brahmayya & Co. While the specific financial figures were not detailed in the cover letter, the approval marks the completion of regulatory compliance for the third quarter. Investors should now focus on the detailed financial tables to assess the company's operational trajectory.
Key Highlights
Board approved unaudited standalone and consolidated financial results for the period ended December 31, 2025.
The statutory audit review was completed by M/s. Brahmayya & Co., Chartered Accountants.
The board meeting was held on February 11, 2026, lasting from 1:50 P.M. to 7:15 P.M.
Compliance maintained under Regulation 33 of SEBI Listing Regulations for the third quarter reporting.
💼 Action for Investors
Investors should review the full financial statements to evaluate revenue growth and margin trends in the textile segment. Compare these results with previous quarters to determine if the company is maintaining its operational efficiency.
All Time Plastics Q3 FY26: PAT Doubles QoQ to ₹9.2 Cr; Revenue Up 8.1% to ₹159 Cr
All Time Plastics reported a strong sequential recovery in Q3 FY26, with revenue growing 8.1% QoQ to ₹159.3 crores and PAT surging 117% QoQ to ₹9.2 crores. While YoY profitability declined due to expansion-related fixed costs and a ₹4.4 crore exceptional labor code provision, margins showed significant improvement with EBITDA margin rising to 14.7% from 11% in Q2. The company is aggressively expanding its Khatalwada facility, targeting a total capacity of 52,500 MT by FY27 to capitalize on the China-plus-one strategy. Exports remain the primary driver, contributing nearly 84% of total revenue.
Key Highlights
Revenue grew 8.1% QoQ to ₹159.3 crores, driven by improved order traction in core export markets like Europe and the US.
EBITDA increased 44.3% sequentially to ₹23.5 crores, reflecting strong operating leverage as new capacity begins to absorb fixed costs.
Total installed capacity reached 39,000 MT as of Dec 2025, with a target of 52,500 MT by FY27.
Profitability was impacted by a one-time exceptional provision of ₹4.4 crores related to the implementation of the new labor code.
Exports continue to dominate the mix at 83.9% of revenue, with Europe accounting for approximately 60% of total sales.
💼 Action for Investors
Investors should monitor the ramp-up of the Khatalwada facility and the impact of potential EU Free Trade Agreements on export competitiveness. The strong sequential margin recovery suggests that the peak of expansion-related cost pressures may have passed.
Royal Orchid Hotels Q3 Revenue Grows 24% to ₹117.9 Cr; Total Keys Reach 10,700
Royal Orchid Hotels Limited (ROHLTD) reported a 24.3% YoY increase in consolidated revenue to ₹117.9 crore for Q3 FY26. While EBITDA grew by 13.8% to ₹34.8 crore, consolidated PAT (after associates) declined to ₹9.6 crore from ₹18.1 crore YoY, largely due to higher depreciation and finance costs associated with IndAS accounting and the launch of Iconiqa Mumbai. The company has aggressively expanded its portfolio to 121 operating hotels and a total of 10,700 keys including signed properties. Iconiqa Mumbai showed strong initial traction with ₹17.4 crore in Q3 revenue and a target annual run-rate of ₹80-100 crore.
Key Highlights
Consolidated revenue increased 24.3% YoY to ₹117.9 crore in Q3 FY26.
Total keys reached 10,700 across 168+ hotels (including upcoming), with 121 currently operational.
Iconiqa Mumbai contributed ₹17.4 crore in Q3 revenue, achieving a No. 1 TripAdvisor rating within 4 months.
Average Room Rate (ARR) for JLO hotels grew 10.3% YoY to ₹6,972, while Managed hotels ARR rose 4.7% to ₹4,454.
Consolidated PAT was significantly impacted by a ₹19.48 crore notional increase in depreciation and finance costs due to IndAS adoption.
💼 Action for Investors
Investors should monitor the scaling of the Iconiqa Mumbai property and the company's transition toward a capital-light managed-hotel model. While net profit is currently suppressed by lease accounting and expansion costs, the strong top-line growth and increasing ARR indicate healthy underlying demand.
Royal Orchid Hotels Q3 FY26 Revenue Up 24% YoY to INR 117.93 Cr; PAT at INR 9.62 Cr
Royal Orchid Hotels reported a robust 24.3% year-on-year increase in consolidated total income to INR 117.93 crore for Q3 FY26. Consolidated EBITDA reached INR 34.84 crore, while Profit After Tax (PAT) stood at INR 9.62 crore, notably impacted by a non-cash IND AS adjustment of INR 6.42 crore. The company added six new properties during the quarter and is pursuing an aggressive asset-light strategy. With a pipeline of over 1,800 keys planned for the next 6-9 months, the company is well-positioned to capture rising travel demand.
Key Highlights
Consolidated Total Income rose 24.3% YoY to INR 117.93 crore in Q3 FY26 from INR 94.86 crore.
Consolidated PAT for the quarter was INR 9.62 crore, with Earnings Per Share (EPS) at INR 3.29.
Added 6 new properties in Q3, strengthening presence in key corridors like NCR and Mumbai.
Management targets adding 1,800+ keys over the next 6-9 months via an asset-light growth model.
9M FY26 Consolidated PAT stands at INR 25.11 crore on a total income of INR 287.50 crore.
💼 Action for Investors
Investors should view the strong top-line growth and aggressive expansion pipeline as positive indicators of market share gains. While accounting adjustments impact reported PAT, the operational cash flows and asset-light scaling remain the primary value drivers.
Royal Orchid Hotels Q3 FY26 Revenue Up 24% to ₹117.9 Cr; Total Keys Reach 10,700
Royal Orchid Hotels reported a 24.3% YoY increase in consolidated total income to ₹117.9 crore for Q3 FY26, driven by a 45% surge in room night revenue. However, consolidated PAT fell 46.9% YoY to ₹9.6 crore, largely due to higher depreciation and finance costs from the new Iconiqa Mumbai property and IndAS accounting adjustments. The company's portfolio expanded to 121 operating hotels with a total pipeline of 10,700 keys. Operational performance was robust in the JLO segment, with Average Room Rates (ARR) rising 10.3% YoY to ₹6,972.
Key Highlights
Consolidated Total Income grew 24.3% YoY to ₹117.9 crore in Q3 FY26.
EBITDA increased by 13.8% YoY to ₹34.8 crore, with a consolidated margin of 30%.
Total keys reached 10,700 across 168+ hotels, including 47+ upcoming properties.
Iconiqa Mumbai generated ₹17.4 crore in revenue but reported a PBT loss of ₹10.6 crore due to high initial costs.
Managed hotels occupancy stood at 68% with room night revenue growing 45% YoY.
💼 Action for Investors
Investors should focus on the operational ramp-up of the Iconiqa Mumbai property, as its current losses are masking strong underlying growth in the core managed and owned segments. The aggressive expansion of the pipeline to 10,700 keys provides long-term visibility, but bottom-line recovery depends on stabilizing expansion-related finance costs.
L&T to Divest Nabha Power to Torrent Power for Rs 3,660.87 Crore
Larsen & Toubro (L&T) has entered into a Securities Purchase Agreement to sell 100% of its stake in Nabha Power Limited (NPL) to Torrent Power for a consideration of Rs 3,660.87 crore. NPL operates a 1,400 MW supercritical thermal power plant in Punjab and contributed 1.73% to L&T's consolidated turnover in FY25. The transaction is part of L&T's strategic plan to exit non-core development projects and focus on its asset-light EPC and manufacturing businesses. The sale is expected to be completed by June 30, 2026, subject to closing adjustments and regulatory approvals.
Key Highlights
Divestment of 100% equity in Nabha Power Limited for Rs 3,660.87 crore
Asset includes a 1,400 MW (2 x 700 MW) supercritical coal-fired power plant in Rajpura, Punjab
NPL contributed Rs 4,421.54 crore (1.73%) to L&T's consolidated turnover and 3.64% to net worth in FY25
Strategic exit from development projects to unlock value and strengthen core EPC operations
Transaction expected to close on or before June 30, 2026
💼 Action for Investors
Investors should view this as a positive move towards L&T's goal of becoming asset-light and improving return on equity. The cash inflow will further strengthen the balance sheet and allow management to focus on high-growth EPC and hi-tech manufacturing segments.
Rollatainers Ltd Q3 FY26: Zero Revenue and Net Loss of ₹44.44 Lakhs Reported
Rollatainers Limited reported a stagnant financial performance for the quarter ended December 31, 2025, with zero total income from operations. The company recorded a net loss of ₹44.44 lakhs for the quarter, which is identical to the loss reported in the preceding quarter. Financial health remains a major concern as reserves are deeply negative at ₹(1,516.44) lakhs. The company continues to operate with no top-line growth, resulting in a negative EPS of ₹0.02.
Key Highlights
Total income from operations stood at ₹0.00 for the quarter ended December 31, 2025.
Net loss for the period remained flat at ₹44.44 lakhs on both standalone and consolidated bases.
Accumulated losses have led to negative reserves of ₹1,516.44 lakhs against an equity capital of ₹500.25 lakhs.
Earnings Per Share (EPS) for the quarter was negative ₹0.02.
The company reported zero revenue for the nine-month period ending December 2025 as well.
💼 Action for Investors
Investors should exercise extreme caution as the company shows no operational revenue and significant erosion of net worth. The persistent losses and negative reserves indicate a high risk of financial instability.
Royal Orchid Hotels Q3 PAT Drops 15% to ₹6.75 Cr; Keshav Baljee Appointed Executive Director
Royal Orchid Hotels Limited (ROHLTD) reported a 3.2% YoY increase in standalone revenue to ₹58.69 crore for Q3 FY26, while Net Profit declined 15.3% to ₹6.75 crore. The company announced the transition of Keshav Baljee to Whole-time Director with a monthly salary of ₹10 lakh and a 50% pay hike for President Arjun Baljee. For the nine-month period ending December 2025, PAT fell to ₹14.24 crore from ₹18.60 crore YoY. Auditors have highlighted ongoing legal and regulatory challenges with SEBI and NCLT regarding the classification of an associate company, KSDPL.
Key Highlights
Standalone Revenue for Q3 FY26 stood at ₹58.69 crore versus ₹56.89 crore in the same period last year.
Net Profit (PAT) for the quarter decreased to ₹6.75 crore from ₹7.97 crore YoY.
Keshav Baljee appointed as Executive Director for 5 years at a monthly remuneration of ₹10 lakh.
President Arjun Baljee's monthly remuneration increased from ₹5 lakh to ₹7.5 lakh.
Auditor's report includes a qualified conclusion regarding ongoing litigation and SEBI orders related to KSDPL.
💼 Action for Investors
Investors should monitor the impact of rising employee and management costs on margins as profitability has declined despite stable revenues. The ongoing legal dispute regarding KSDPL remains a key risk factor to watch.
Royal Orchid Hotels Q3 PAT Declines 15% to ₹6.75 Cr; Management Remuneration Hiked
Royal Orchid Hotels Limited (ROHLTD) reported a standalone revenue of ₹58.69 crore for Q3 FY26, representing a modest 3.2% growth year-on-year. However, Net Profit (PAT) for the quarter fell by 15.3% to ₹6.75 crore, down from ₹7.97 crore in the previous year's corresponding quarter. The company also announced significant management changes, including the elevation of Keshav Baljee to Executive Director and a salary hike for President Arjun Baljee. Furthermore, the auditor's report highlights ongoing regulatory and legal challenges with SEBI and NCLT regarding the accounting treatment of an associate company.
Key Highlights
Standalone Revenue from operations increased 3.2% YoY to ₹58.69 crore in Q3 FY26.
Net Profit (PAT) for the quarter decreased 15.3% YoY to ₹6.75 crore from ₹7.97 crore.
Keshav Baljee appointed as Whole-time Director for 5 years with a monthly remuneration of ₹10 lakh.
President Arjun Baljee's monthly remuneration increased to ₹7.5 lakh, totaling ₹10 lakh including subsidiary pay.
Statutory auditors issued a qualified conclusion regarding ongoing litigation and accounting of Ksheer Sagar Developers Private Limited (KSDPL).
💼 Action for Investors
Investors should exercise caution due to the decline in profitability and the persistent regulatory overhang mentioned in the auditor's report. Monitor the progress of the SAT appeal regarding SEBI's final order and the impact of higher management costs on future margins.
SRHHYPOLTD Q3 Standalone PAT Up 3.5% YoY to ₹24.35 Cr; Revenue at ₹141.17 Cr
Sree Rayalaseema Hi-Strength Hypo reported a marginal 2% YoY growth in standalone revenue from operations to ₹141.17 crore for the quarter ended December 2025. Standalone Net Profit grew 3.5% YoY to ₹24.35 crore, despite a significant exceptional charge of ₹3.23 crore due to new labour code gratuity adjustments. On a sequential basis, revenue saw a sharp decline of 22.6% compared to the September quarter, though profitability remained stable due to higher 'Other Income'. The company continues to derive the vast majority of its revenue from the chemicals segment, with a healthy mix of domestic and export sales.
Key Highlights
Standalone Revenue from operations stood at ₹141.17 crore, up 2% from ₹138.47 crore in Q3 FY25.
Standalone Net Profit (PAT) reached ₹24.35 crore, compared to ₹23.53 crore in the corresponding previous year quarter.
Recognized an exceptional item of ₹322.85 lakhs related to increased gratuity liability arising from the notification of new Labour Codes.
Nine-month consolidated revenue reached ₹503.82 crore with a consolidated PAT of ₹70.12 crore.
Chemicals remains the dominant segment, while Wind Energy revenue remains below the 10% reporting threshold.
💼 Action for Investors
Investors should monitor the sharp sequential revenue decline and assess if the higher 'Other Income' is sustainable to support future earnings. The impact of the new labour codes on long-term employee benefit costs should also be factored into margin expectations.
Royal Orchid Hotels Q3 PAT Drops 15% YoY to ₹6.75 Cr; Auditor Issues Qualified Opinion
Royal Orchid Hotels Limited (ROHLTD) reported a marginal 3.2% YoY increase in revenue to ₹58.69 crore for the quarter ended December 31, 2025. However, Net Profit (PAT) declined by 15.3% YoY to ₹6.75 crore, down from ₹7.97 crore in the previous year, primarily due to higher operating expenses. The statutory auditors issued a qualified conclusion regarding ongoing legal disputes and a SEBI order related to the accounting of associate company Ksheer Sagar Developers. Additionally, the board approved the redesignation of Keshav Baljee as Executive Director and increased the remuneration for President Arjun Baljee.
Key Highlights
Revenue from operations grew 3.2% YoY to ₹58.69 crore in Q3 FY26.
Net Profit (PAT) fell 15.3% YoY to ₹6.75 crore compared to ₹7.97 crore in Q3 FY25.
Auditors issued a qualified opinion due to an ongoing SEBI/SAT legal battle regarding the 'loss of control' accounting of KSDPL.
Total expenses rose to ₹50.83 crore from ₹47.25 crore, driven by higher rent and other operational costs.
Keshav Baljee appointed as Whole-time Director for 5 years at a monthly remuneration of ₹10 lakhs.
💼 Action for Investors
Investors should exercise caution given the auditor's qualification and the regulatory overhang from the SEBI order regarding past accounting practices. The decline in net profit despite revenue growth indicates margin pressure that warrants close monitoring of operational efficiency.
Euro Multivision Delays Q3 FY26 Results Due to IBC Management Change and Data Reconstruction
Euro Multivision Limited has missed the statutory deadline of February 14, 2026, for submitting its financial results for the quarter and nine months ended December 31, 2025. The company is currently undergoing a management transition after being acquired by Mr. Girish Jain and Mr. Chandra Prakash Ranka through an IBC auction process. The new management is in the process of reconstructing and verifying financial records dating back to the quarter ended September 2022. Due to the non-availability and reconciliation issues of historical data, the company cannot currently provide a definitive timeline for the submission of these results.
Key Highlights
Missed the SEBI mandated deadline of February 14, 2026, for Q3 and nine-month financial results.
Company acquired by new management via an auction process under the Insolvency and Bankruptcy Code (IBC).
Financial records are being reconstructed for a significant backlog starting from September 2022.
New management is currently regularizing statutory compliances and collating missing financial information.
💼 Action for Investors
Investors should remain cautious as the company is in a high-risk transition phase following insolvency proceedings. Wait for the publication of reconstructed financial statements to evaluate the company's viability under the new management.