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AMD Industries Concludes 5-Day Income Tax Survey; No Material Impact Reported
AMD Industries Limited has informed the exchanges that the Income Tax Department conducted a survey under Section 133A of the Income Tax Act, 1961. The survey began on February 17, 2026, and was concluded on February 21, 2026, at the company's office. Management stated that the survey was conducted in the normal course and that the company provided full cooperation to the authorities. Currently, the company maintains that there is no material impact on its business operations due to these proceedings.
Key Highlights
Income Tax Department survey conducted under Section 133A of the Income Tax Act, 1961.
The survey proceedings lasted for 5 days, concluding on February 21, 2026, at 5:30 p.m.
Company management reports full cooperation with the tax department during the process.
No immediate material impact on business operations or financial disclosure requirements reported.
💼 Action for Investors
Investors should remain cautious and monitor for any subsequent disclosures regarding tax demands or penalties resulting from this survey. While operations are currently unaffected, any significant tax liability could impact the company's bottom line in future quarters.
AMD Industries Q3 Results: Net Loss Widens to ₹4.17 Cr; Revenue Declines 15% YoY
AMD Industries reported a weak performance for the quarter ended December 31, 2025, with a consolidated net loss of ₹4.17 crore, significantly wider than the ₹1.69 crore loss in the previous year's corresponding quarter. Net revenue from operations fell by 15.4% YoY to ₹37.98 crore, impacted by the seasonal nature of the packaging business. The company's 9-month performance has turned into a net loss of ₹5.40 crore compared to a profit of ₹0.96 crore in the same period last year. Notably, the company completed the 100% acquisition of Hindustan Autoplast Private Limited during this quarter, which is now integrated into the consolidated financials.
Key Highlights
Consolidated Net Loss widened to ₹4.17 crore in Q3 FY26 from ₹1.69 crore in Q3 FY25.
Net Revenue from operations decreased 15.4% YoY to ₹37.98 crore from ₹44.91 crore.
Total expenses for the quarter stood at ₹45.34 crore, significantly exceeding the total income of ₹39.86 crore.
9M FY26 consolidated net loss reached ₹5.60 crore versus a profit of ₹0.96 crore in 9M FY25.
Completed 100% acquisition of Hindustan Autoplast Private Limited on October 5, 2025.
💼 Action for Investors
Investors should exercise caution as the company's losses are widening and revenue is on a downward trend. The impact of the newly acquired Hindustan Autoplast needs to be monitored in upcoming quarters to see if it can drive a turnaround in profitability.