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Midwest Ltd Q3FY26: Adjusted PAT Up 19.7% YoY; Secures 30-Year Quarry Lease
Midwest Limited reported a steady 9MFY26 performance with revenue growing 8.54% YoY to โน429.81 Cr and adjusted PAT rising 17.63% to โน69.45 Cr. The company demonstrated strong operational efficiency as EBITDA margins expanded to 27% from 24.53% in the previous year. Strategic milestones include securing a 30-year quarry lease in Andhra Pradesh and establishing a subsidiary in Sierra Leone for mineral sand expansion. The management is actively diversifying from its core granite business into high-growth segments like High Purity Quartz and Rare Earth Elements.
Key Highlights
9MFY26 Revenue grew 8.54% YoY to โน429.81 Cr, while EBITDA increased 19.48% to โน116.05 Cr.
Adjusted PAT for 9MFY26 reached โน69.45 Cr, excluding an exceptional item of approximately โน26 Cr.
Secured a 30-year work order for colored quartzite extraction in Andhra Pradesh effective January 2026.
A new 10.9-hectare Galaxy mine is scheduled to commence production in Q4FY26.
Board approved a wholly owned subsidiary in Sierra Leone to support Heavy Mineral Sands (HMS) reserve expansion.
๐ผ Action for Investors
Investors should track the timely commencement of the new Galaxy mine in Q4 and the progress of the Quartz Phase II expansion. The company's shift toward high-margin Rare Earth and High Purity Quartz segments offers significant long-term value potential.
Oriental Trimex Q3 Revenue Jumps 76% YoY; Board Approves $43M FCCB Fundraise
Oriental Trimex reported a strong 76.5% YoY growth in revenue from operations to โน331.06 Lacs for Q3 FY26. The company achieved an operational turnaround, posting a profit before exceptional items of โน14.76 Lacs compared to a loss of โน131.00 Lacs in the previous year's quarter. Most significantly, the board has approved raising up to USD 43 Million (approx. โน360 Crores) through Foreign Currency Convertible Bonds (FCCBs) via private placement. This capital infusion is subject to shareholder and regulatory approvals and could significantly impact the company's growth trajectory.
Key Highlights
Revenue from operations increased to โน331.06 Lacs in Q3 FY26 from โน187.53 Lacs in Q3 FY25.
Achieved operational turnaround with a PBT (before exceptional items) of โน14.76 Lacs vs a loss of โน131.00 Lacs YoY.
Board approved a massive fundraise of up to USD 43 Million through Foreign Currency Convertible Bonds (FCCBs).
Nine-month (9M FY26) revenue grew to โน723.72 Lacs from โน435.55 Lacs in the corresponding period last year.
Net profit for the quarter stood at โน10.98 Lacs, recovering from a loss of โน23.15 Lacs in the sequential quarter (Q2 FY26).
๐ผ Action for Investors
The operational improvement and the substantial $43M fundraise are positive signals, but investors should watch for details on the conversion price of FCCBs to assess potential equity dilution. Monitor the upcoming shareholder meeting for approval of the fundraise and clarity on the utilization of these funds.
Mukand Ltd Q3 PAT at โน17.21 Cr; Land Sale for โน673 Cr and CMD Re-appointment Approved
Mukand Limited reported a Profit After Tax (PAT) of โน17.21 crore for Q3 FY26, a slight increase from โน16.31 crore in the previous year's corresponding quarter. Revenue from operations rose to โน1,300.18 crore, reflecting stable demand. A major highlight is the ongoing sale of land parcels for โน673 crore, which is expected to provide a substantial liquidity boost upon completion. The board also ensured management continuity by re-appointing Niraj Bajaj as Chairman and Managing Director for another three years.
Key Highlights
Q3 FY26 Revenue from operations increased to โน1,300.18 crore from โน1,222.67 crore YoY.
Net Profit for the quarter reached โน17.21 crore, up from โน16.31 crore in Q3 FY25.
Progressing on a โน673 crore land sale in Thane; โน110 crore advance already received.
Industrial Machinery Division being transferred to a subsidiary via slump sale for better focus.
Niraj Bajaj re-appointed as CMD for a 3-year term effective July 2026.
๐ผ Action for Investors
Investors should monitor the realization of the remaining โน563 crore from the land sale as it could significantly strengthen the balance sheet. The steady operational performance and leadership continuity provide a positive outlook for long-term holders.
Midwest Limited Approves Q3 FY26 Results and Relocates Registered Office
Midwest Limited approved its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The company also announced the shifting of its registered office to the Financial District in Hyderabad. Auditor reports indicate that one subsidiary recorded a net loss of Rs. 35.17 Mn on revenue of Rs. 4.37 Mn for the quarter. Additionally, nine other subsidiaries reported a combined net loss of Rs. 6.17 Mn, which management considers non-material to the group's overall performance.
Key Highlights
Approved unaudited standalone and consolidated financial results for Q3 and 9M FY26.
Relocated registered office to Prestige Skytech, Financial District, Nanakramguda, Hyderabad.
One subsidiary reported a quarterly net loss of Rs. 35.17 Mn on revenue of Rs. 4.37 Mn.
Nine unreviewed subsidiaries reported a combined net loss of Rs. 6.17 Mn for the quarter.
The group structure consists of 17 entities including subsidiaries in Sri Lanka, Mozambique, and Mauritius.
๐ผ Action for Investors
Investors should examine the full consolidated profit and loss statement to assess how subsidiary losses impact the group's overall valuation. The relocation of the registered office is a routine administrative change.
HLV Ltd Q3 Net Profit Drops 33% to โน6.87 Cr; Massive โน807 Cr AAI Dispute Persists
HLV Limited reported a 33% year-on-year decline in net profit for Q3 FY26, falling to โน687 lakhs from โน1,027 lakhs, despite a 5.5% growth in revenue to โน6,090 lakhs. For the nine-month period, the company has swung to a net loss of โน652 lakhs compared to a profit of โน1,538 lakhs in the previous year. The company continues to face significant legal risks, including a โน80,705 lakh claim from the Airports Authority of India (AAI) and a โน17,009 lakh unprovided rental dispute. Additionally, the board has approved the re-appointment of Mr. Ashok Rajani as an Independent Director for a five-year term.
Key Highlights
Q3 FY26 Net Profit decreased by 33% YoY to โน687 lakhs from โน1,027 lakhs.
Total Income for the quarter rose slightly to โน6,372 lakhs from โน6,081 lakhs in the previous year.
Contingent liability of โน80,705 lakhs claimed by AAI remains unprovided for in the books.
Cumulative unprovided rental enhancement for the Mumbai hotel lease stands at โน17,009 lakhs.
Mr. Ashok Rajani re-appointed as Independent Director for a 5-year term effective March 30, 2026.
๐ผ Action for Investors
Investors should exercise high caution as the company's massive unprovided contingent liabilities and ongoing eviction proceedings pose a significant risk to its 'going concern' status. The decline in nine-month profitability further weakens the investment case despite marginal revenue growth.
HLV Ltd Q3 Profit Drops 33% to โน6.87 Cr Amid Ongoing โน807 Cr Legal Dispute with AAI
HLV Limited reported a net profit of โน6.87 crore for Q3 FY26, a 33% decrease from โน10.27 crore in the year-ago period. While quarterly revenue saw a marginal increase to โน63.72 crore, the nine-month performance shows a net loss of โน6.52 crore. The company continues to face severe legal challenges, including an โน807 crore claim from AAI and eviction proceedings for its Mumbai hotel land. Additionally, the board has re-appointed Mr. Ashok Rajani as an Independent Director for a five-year term.
Key Highlights
Net profit for Q3 FY26 declined 33% YoY to โน687 lakhs from โน1,027 lakhs.
Nine-month (9M FY26) performance resulted in a net loss of โน652 lakhs versus a profit of โน1,538 lakhs YoY.
Contingent liability of โน80,705 lakhs claimed by AAI remains unprovided in financial statements due to ongoing disputes.
Disputed lease rentals for the Mumbai hotel totaling โน17,009 lakhs are currently not recognized as liabilities.
Board approved re-appointment of Mr. Ashok Rajani as Independent Director for a 5-year term starting March 2026.
๐ผ Action for Investors
The stock remains high-risk due to massive contingent liabilities and ongoing litigation with AAI and ITC Ltd. Investors should exercise caution and wait for legal clarity regarding the Mumbai property lease before making further commitments.
Loyal Textile Mills Approves Q3 FY26 Unaudited Financial Results
Loyal Textile Mills Limited has officially approved its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The board meeting, held on February 11, 2026, concluded with the adoption of these results along with a limited review report from statutory auditors M/s. Brahmayya & Co. This announcement confirms the completion of the regulatory review process for the third quarter of the 2025-26 fiscal year. Investors should now look to the specific financial tables for detailed performance metrics on revenue and profitability.
Key Highlights
Board approved unaudited standalone and consolidated financial results for the quarter ended December 31, 2025.
Statutory auditors M/s. Brahmayya & Co. issued a limited review report on the financial statements.
The board meeting was comprehensive, lasting over five hours from 1:50 P.M. to 7:15 P.M.
Disclosures were made in compliance with Regulation 33 of SEBI Listing Regulations.
๐ผ Action for Investors
Investors should examine the detailed financial statements to evaluate the company's margin performance and debt levels. Compare these results with industry peers to gauge Loyal Textile's competitive standing in the current market.
Valor Estate Appoints Sundaram Rajagopal as Independent Director for 5-Year Term
Valor Estate Limited (formerly DB Realty) has announced the appointment of Mr. Sundaram Rajagopal as an Independent Director for a five-year term starting February 12, 2026. This appointment follows the retirement of Mr. Mahesh Gandhi, who completed two full terms of five years each. Mr. Rajagopal brings over 26 years of real estate experience, having previously served as Managing Director for Asia at Starwood Capital Group and holding an MBA from Harvard Business School. He will also assume the Chairmanship of the Audit, Nomination & Remuneration, and CSR committees.
Key Highlights
Appointment of Mr. Sundaram Rajagopal as Independent Director for a 5-year term effective February 12, 2026.
Appointee holds an MBA from Harvard and has over 26 years of global real estate and private equity experience.
Mr. Rajagopal will serve as Chairman of the Audit, Nomination & Remuneration, and CSR committees.
Retirement of Mr. Mahesh Gandhi upon completion of his second 5-year term on February 11, 2026.
The appointment is subject to shareholder approval as per SEBI and Companies Act regulations.
๐ผ Action for Investors
Investors should view this as a positive move for corporate governance, given the appointee's high-caliber professional background and previous experience with the company. No immediate action is required, but the leadership change in the Audit committee is a key development to monitor.
Valor Estate Q3 FY26 PAT Surges to โน115.8 Cr; Revenue Hits โน453.6 Cr on BMC Project Milestone
Valor Estate Limited (formerly DB Realty) reported a massive turnaround in Q3 FY26, posting a net profit of โน115.80 crore compared to a loss of โน3.60 crore in the same quarter last year. Revenue from operations skyrocketed to โน453.59 crore, primarily driven by the recognition of revenue from a land handover to the BMC for a resettlement project involving 13,374 tenements. The company also announced the appointment of Sundaram Rajagopal as an Independent Director for a five-year term. Despite the strong financials, auditors maintained an emphasis of matter regarding pending litigations and valuation estimates.
Key Highlights
Net profit turned positive at โน115.80 crore in Q3 FY26 vs a loss of โน3.60 crore in Q3 FY25.
Revenue from operations reached โน453.59 crore in Q3 FY26, up from zero in the previous year's corresponding quarter.
9-month FY26 PAT stands at โน164.81 crore compared to a significant loss of โน110.82 crore in 9M FY25.
Revenue recognition was triggered by completing land handover obligations for the BMC PAP resettlement project.
Sundaram Rajagopal appointed as Independent Director for 5 years following the retirement of Mahesh Gandhi.
๐ผ Action for Investors
The significant turnaround driven by the BMC project milestone is a major positive, though investors should note that revenue recognition was lumpy due to specific accounting triggers. Maintain a watch on the resolution of pending legal proceedings mentioned in the auditor's emphasis of matter.
Alembic Pharma Q3 FY26: Revenue Up 11% to โน1,876 Cr; US Branded Launch Pivya Set for Q4
Alembic Pharmaceuticals reported a steady Q3 FY26 with revenue growing 11% YoY to โน1,876 crores, driven by a robust 36% growth in Rest of World (ROW) markets and 6% growth in the US. EBITDA (pre-R&D) increased 20% to โน464 crores, reflecting improved operating leverage despite gross margins moderating to 72% due to pricing pressures. A significant strategic milestone is the upcoming Q4 launch of 'Pivya,' the company's first branded product in the US market. While domestic growth remained tepid at 6%, management expects to return to market growth rates by Q1 FY27.
Key Highlights
Revenue grew 11% YoY to โน1,876 crores, with EBITDA (pre-R&D) rising 20% to โน464 crores.
US business grew 6% YoY with 7 new ANDA approvals and a strategic branded launch (Pivya) planned for Q4 FY26.
ROW markets delivered strong performance with 36% YoY growth, offsetting pricing pressures in API and US generics.
R&D spend increased 33% to โน165 crores (9% of revenue) to support complex injectables and peptides.
One-time exceptional provision of โน42 crores recognized due to New Labour Code employee benefit changes.
๐ผ Action for Investors
Investors should watch for the successful commercialization of 'Pivya' in the US, as it marks a shift toward higher-margin branded business. Monitor the domestic segment's recovery in FY27 to see if it aligns with management's market-growth targets.
3i Infotech Files EOW Complaint Over Fraudulent eMudhra Disinvestment and Share Redemption
3i Infotech has filed a formal complaint with the Economic Offence Wing (EOW) regarding alleged fraudulent transactions involving the disinvestment of 3i Consumer Services (now eMudhra) and wrongful redemption of preference shares. The action follows a forensic audit by Shridhar & Associates and a review by a High-Powered Committee including a retired High Court judge and a former SEBI Executive Director. The company is seeking to protect the interests of its 2,45,470 shareholders against losses resulting from these transactions. This update also refutes management-related allegations made by eMudhra during a recent investor call.
Key Highlights
Complaint filed with EOW Navi Mumbai regarding fraudulent disinvestment and wrongful preference share redemption
Action initiated based on a forensic audit report and a High-Powered Committee review including a former SEBI Executive Director
Company represents 2,45,470 shareholders as of December 31, 2025, seeking to recover financial losses
Clarified that Chairman CA Uttam Prakash Agarwal was appointed via shareholder resolution on May 12, 2022
Refuted claims regarding SREI Infrastructure's involvement in management appointments
๐ผ Action for Investors
Investors should closely monitor the EOW investigation and potential legal outcomes as they could impact the company's asset recovery and valuation. Expect volatility in the stock price as the legal dispute with eMudhra unfolds.
MSTC Reports 9.7% Growth in Core Profit for 9M FY26; EBITDA Reaches โน199.95 Crore
MSTC Limited reported a steady 9.87% YoY growth in total revenue to โน302.67 crore for the nine months ended December 2025. While Profit After Tax (PAT) decreased by 56.57% to โน145.89 crore, this was entirely due to a high base effect from a โน273.54 crore exceptional gain in the previous year. Core operational performance remains healthy, with EBITDA rising 9.61% to โน199.95 crore and Profit Before Exceptional Items growing 9.70% to โน192.29 crore. The company is diversifying into new digital platforms, including an EPR certificate exchange and a centralized travel portal.
Key Highlights
EBITDA for 9M FY26 increased by 9.61% YoY to โน199.95 crore.
Profit Before Exceptional Items rose 9.70% YoY to โน192.29 crore, indicating strong core business growth.
Total value of goods transacted through the MSTC ecosystem stood at โน525.55 billion for 9M FY26.
Successfully auctioned prime plots for HMDA fetching โน2,708 crore and sold 3.5 million MT of Iron Ore for NMDC.
Announced the launch of India's first EPR certificate trading exchange and a centralized travel portal by April 2026.
๐ผ Action for Investors
Investors should look past the headline PAT decline, which was caused by a one-time exceptional gain in the prior year, and focus on the consistent ~10% growth in core operating profits. The upcoming launch of the EPR exchange and travel portal provides high-margin growth catalysts for FY27.
MSTC Ltd Declares โน7.60 Interim Dividend; Q3 PAT Surges to โน252 Cr on Exceptional Gains
MSTC Limited has declared a substantial interim dividend of โน7.60 per share (76%) for FY 2025-26, with the record date set for February 18, 2026. The company reported a massive jump in standalone Profit After Tax (PAT) to โน25,242.89 Lakhs for Q3 FY26, compared to โน4,914.90 Lakhs in the previous year. This surge is primarily attributed to a significant exceptional gain of โน27,354.08 Lakhs during the quarter. While core revenue from operations saw a slight year-on-year decline to โน8,114.38 Lakhs, the overall bottom line was bolstered by legal resolutions and refunds.
Key Highlights
Interim dividend of โน7.60 per equity share (76% of face value) declared for FY 2025-26.
Standalone PAT surged over 400% YoY to โน252.43 crore, driven by โน273.54 crore in exceptional income.
Record date for dividend eligibility is fixed as February 18, 2026, with payment within 30 days.
Revenue from operations for Q3 FY26 stood at โน81.14 crore versus โน85.01 crore in Q3 FY25.
Exceptional gains include impacts from long-standing legal disputes and refunds related to Standard Chartered Bank proceedings.
๐ผ Action for Investors
Investors should benefit from the high dividend payout, but must recognize that the current profit surge is driven by one-time exceptional items rather than core operational growth. Monitor the sustainability of core revenue in future quarters.
Bosch Ltd Q3 FY26 Revenue Up 9.4% to โน4,886 Cr; 9M PAT Surges 50.8% on Asset Sale
Bosch Limited reported a steady 9.4% YoY revenue growth for Q3 FY26, reaching INR 48,856 million, primarily driven by an 18.5% growth in its Mobility business. The Power Solutions segment performed exceptionally well with 19.5% growth, while the 2-Wheeler segment surged 58.3% due to OBD-II norm implementations. 9-month PAT saw a significant 50.8% jump to INR 22,017 million, though this was largely aided by the divestment of the Building Technologies business. Management remains highly optimistic, forecasting record production levels for passenger vehicles, tractors, and two-wheelers in FY26.
Key Highlights
Revenue for Q3 FY26 grew 9.4% YoY to INR 48,856 million, while 9M revenue reached INR 1,44,690 million.
EBITDA for the quarter rose 5.1% to INR 6,124 million, supported by a favorable product mix and expense optimization.
The 2-Wheeler segment recorded a massive 58.3% growth, driven by the ramp-up of exhaust gas sensors for OBD-II norms.
9M PAT increased by 50.8% YoY to INR 22,017 million, including gains from the sale of the Video and Communication systems business.
Management projects all-time high production levels for Passenger Cars, Tractors, and 2-Wheelers in fiscal year 2026.
๐ผ Action for Investors
Bosch remains a strong play on the Indian automotive growth story and regulatory technology transitions. Investors should focus on the company's ability to maintain margins as it scales its 2-wheeler and EV-related components.
MSTC Q3 PAT Surges to โน252 Cr on Exceptional Gains; Declares โน7.60 Interim Dividend
MSTC Limited reported a massive surge in standalone Profit After Tax (PAT) to โน252.43 crore for Q3 FY26, compared to โน49.15 crore in the same quarter last year, primarily driven by a one-time exceptional gain of โน275.48 crore. Revenue from operations saw a slight year-on-year decline of 4.5%, coming in at โน81.14 crore. The board has rewarded shareholders by declaring a substantial interim dividend of โน7.60 per share (76% of face value). The exceptional gain is linked to the resolution of long-standing legal disputes and refunds involving Standard Chartered Bank.
Key Highlights
Standalone PAT jumped to โน25,242.89 Lakhs in Q3 FY26 from โน4,914.90 Lakhs in Q3 FY25.
Exceptional gain of โน27,548 Lakhs recorded in Q3 FY26 following legal dispute resolutions.
Interim dividend of โน7.60 per equity share declared with a record date of February 18, 2026.
Revenue from operations stood at โน8,114.38 Lakhs, a marginal decline from โน8,500.60 Lakhs YoY.
Employee benefit expenses increased by โน238.17 Lakhs due to enhanced gratuity limits.
๐ผ Action for Investors
Investors should recognize that the bottom-line growth is driven by non-recurring exceptional items rather than core operations. However, the high dividend payout and resolution of legacy legal issues are positive triggers for the stock's valuation.
Star Health Appoints Himanshu Walia and Amitabh Jain as Whole-time Directors for 5 Years
Star Health has received IRDAI approval to appoint Mr. Himanshu Walia and Mr. Amitabh Jain as Whole-time Directors and Key Managerial Personnel for a five-year term starting February 11, 2026. Mr. Walia, the current Chief Marketing Officer, has been with the company since 2007 and brings over 22 years of insurance experience. Mr. Jain, the current Chief Operating Officer and a former founding member of ICICI Lombard, has over 25 years of experience in financial services. These appointments strengthen the leadership team by elevating experienced internal executives to the board level.
Key Highlights
Appointment of two Whole-time Directors for a fixed term of 5 years effective February 11, 2026
Mr. Himanshu Walia (CMO) brings 22+ years of experience and has been with Star Health since 2007
Mr. Amitabh Jain (COO) has 25+ years of experience and was a founding member of ICICI Lombard
Appointments have received formal regulatory approval from IRDAI
๐ผ Action for Investors
Investors should view this as a positive move for leadership continuity and operational stability. Monitor the company's execution on digital transformation and market share growth under this strengthened leadership team.
Rollatainers Q3 Results: โน17.58 Cr Profit Driven by Asset Sale; Operational Revenue at Zero
Rollatainers Limited reported a consolidated net profit of โน17.58 crore for the quarter ended December 31, 2025, a significant turnaround from a loss of โน17.22 lakhs in the previous year. This profit is entirely attributable to an exceptional gain of โน17.71 crore from the sale of its subsidiary, RT Packaging Limited, and joint venture interests. Operationally, the company remains in distress with zero revenue from operations and accumulated losses totaling โน124.29 crore. Furthermore, the company is contesting a provisional attachment order from the Directorate of Enforcement (ED) regarding its properties and promoter shares.
Key Highlights
Consolidated Net Profit of โน17.58 crore in Q3 FY26, primarily due to a โน17.71 crore exceptional gain from asset disposal.
Revenue from operations for the quarter was zero on both standalone and consolidated bases.
Accumulated losses have reached โน124.29 crore as of December 31, 2025.
Completed the sale of entire investment in material subsidiary RT Packaging Limited on November 13, 2025.
Facing legal proceedings from the Directorate of Enforcement (ED) involving provisional attachment of immovable properties and promoter shares.
๐ผ Action for Investors
Investors should exercise extreme caution as the reported profit is non-recurring and non-operational. The lack of core business revenue and ongoing legal issues with the ED represent significant risks to the company's long-term viability.
Rollatainers Q3 Results: Consolidated Profit of โน17.58 Cr Driven by Asset Sale; Revenue at Zero
Rollatainers reported a consolidated net profit of โน1,757.89 Lakhs for Q3 FY26, a sharp turnaround from a loss of โน17.22 Lakhs in the previous year, entirely due to an exceptional gain of โน1,770.89 Lakhs from selling its stake in RT Packaging and a joint venture. Standalone operations remain stagnant with zero revenue and a loss of โน18.38 Lakhs. The company faces significant financial stress with accumulated losses of โน12,429.05 Lakhs. Additionally, legal risks persist as the Enforcement Directorate has provisionally attached certain properties, a matter currently under appeal.
Key Highlights
Consolidated Net Profit of โน1,757.89 Lakhs in Q3 FY26 vs a loss of โน17.22 Lakhs in Q3 FY25.
Exceptional gain of โน1,770.89 Lakhs recorded from the disposal of investments in RT Packaging Limited and Rollatainers-Toyo Machine Private Limited.
Standalone revenue from operations remains at zero for the quarter, with a standalone loss of โน18.38 Lakhs.
Accumulated losses stand at โน12,429.05 Lakhs as of December 31, 2025.
Legal proceedings regarding a Provisional Attachment Order by the Enforcement Directorate (ED) are ongoing and sub-judice.
๐ผ Action for Investors
Investors should remain extremely cautious as the profit is non-operational and derived from selling core assets. The lack of revenue and ongoing ED investigations represent significant structural risks.
Rollatainers Q3 Net Profit at โน17.58 Cr on Exceptional Gains; Core Revenue Nil
Rollatainers reported a consolidated net profit of โน17.58 crore for Q3 FY26, a sharp turnaround from a loss of โน17.22 lakhs in the previous year, solely due to a โน17.71 crore exceptional gain from asset sales. The company's core operations generated zero revenue during the quarter, highlighting a lack of business activity. Financial health remains precarious with accumulated losses totaling โน124.29 crore. Furthermore, the company is currently appealing a provisional attachment order from the Enforcement Directorate concerning its properties and promoter shares.
Key Highlights
Consolidated net profit of โน17.58 crore in Q3 FY26, driven by โน17.71 crore gain from selling RT Packaging and Rollatainers-Toyo Machine.
Revenue from operations was nil for the quarter, with total expenses standing at โน20.38 lakhs.
Accumulated losses reached โน124.29 crore as of December 31, 2025, raising concerns about long-term viability.
The Enforcement Directorate (ED) has issued a provisional attachment order on immovable properties and promoter shares, which is currently sub-judice.
The company completed the sale of its material subsidiary, RT Packaging Limited, on November 13, 2025.
๐ผ Action for Investors
Investors should remain extremely cautious as the profit is non-recurring and the core business is currently non-operational. The combination of zero revenue, massive accumulated losses, and ongoing ED investigations makes this a high-risk stock.
ECOS Mobility Q3 FY26 Revenue Up 22.5% YoY to โน2,061 Mn; EBITDA Margins Compress 152 bps
ECOS Mobility reported a strong 22.48% YoY growth in Q3 FY26 revenue, reaching โน2,060.71 million, driven by robust demand in corporate mobility and premium service segments. However, EBITDA margins contracted to 11.33% from 12.85% a year ago due to rising variable costs and rapid scaling expenses. While Q3 PAT grew 9.12% to โน139.43 million, the 9-month PAT remained flat at โน418.40 million despite significant revenue growth. Management is now focusing on pricing actions and cost optimization to recover margins in future quarters.
Key Highlights
Revenue from operations grew 22.48% YoY to โน2,060.71 million in Q3 FY26.
EBITDA margins declined by 152 bps YoY to 11.33% in Q3 and 223 bps YoY to 11.60% for 9M FY26.
Q3 PAT increased 9.12% YoY to โน139.43 million, while 9M PAT was nearly flat at โน418.40 million.
The company operates a fleet of over 19,000 vehicles across 131 cities in India.
Management cited elevated variable costs and vendor-linked expenses as primary reasons for margin moderation.
๐ผ Action for Investors
Investors should monitor the company's ability to pass on rising costs through pricing actions to restore margins. While top-line growth is robust, the lack of operating leverage in the 9-month results warrants a cautious outlook until profitability stabilizes.