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Aspinwall Q3 FY26 PAT Surges 50.7% YoY to ₹7.10 Cr; Revenue Up 27%
Aspinwall and Company Limited reported a robust quarterly performance for Q3 FY26, with revenue from operations growing 27.2% YoY to ₹109.74 crore. Net profit for the quarter rose significantly by 50.7% YoY to ₹7.10 crore, bolstered by a tax credit of ₹0.76 crore. The Coffee segment was a major driver, with revenue increasing to ₹51.24 crore from ₹33.93 crore in the previous year's quarter. Despite the strong quarter, the nine-month (9M) PAT remains 50% lower than the previous year at ₹5.69 crore due to higher operating costs and finance charges earlier in the fiscal year.
Key Highlights
Revenue from operations increased 27.2% YoY to ₹10,974 lakhs in Q3 FY26.
Profit After Tax (PAT) grew 50.7% YoY to ₹710 lakhs, aided by a ₹76 lakh tax credit.
Coffee segment revenue surged to ₹5,124 lakhs, up from ₹3,393 lakhs in Q3 FY25.
Exceptional items for the quarter included a ₹66 lakh provision for new Labour Codes and a ₹25 lakh loss on land acquisition.
9M FY26 EPS stands at ₹7.28, compared to ₹14.54 in the corresponding period of the previous year.
💼 Action for Investors
Investors should monitor the sustainability of the Coffee segment's growth and the impact of rising finance costs, which have more than doubled on a 9-month basis. The sequential recovery in margins is a positive sign, but the overall 9-month profit decline suggests caution.
Aspinwall Receives Court Notice Over 2006-2010 Iron Ore Export Irregularities
Aspinwall and Company Limited has received a notice from the Court of Additional Chief Judicial Magistrate, Bengaluru, regarding a complaint filed by the Lokayukta. The complaint alleges irregularities in iron ore exports between 2006 and 2010, a period during which the company provided logistics and stevedoring services. Significantly, the notice names the current Managing Director, Shri Rama Varma, and Non-Executive Director, Shri CRR Varma, who were with the company during the relevant period. While the court has not yet taken cognizance of the offenses, the legal proceedings involve top management and relate to historical operations.
Key Highlights
Notice received from Bengaluru Court regarding a Private Complaint Report filed by Lokayukta.
Allegations involve iron ore export irregularities during the 2006-2010 period.
Current Managing Director and one Non-Executive Director are named in the legal notice.
Company was acting as a Custom House Agent (CHA) and providing stevedoring services during the period.
Court has not yet taken cognizance and has scheduled a preliminary hearing to hear the parties.
💼 Action for Investors
Investors should monitor the outcome of the preliminary court hearing to see if formal charges are framed against the company or its directors. While the financial impact is currently unquantified, the involvement of the Managing Director makes this a significant governance matter to track.