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Indian Card Clothing Reports Q3 FY26 Revenue of ₹9.39 Cr; Breaks Even with Marginal Loss
Indian Card Clothing reported a flat revenue of ₹9.39 crore for Q3 FY26 compared to ₹9.44 crore in the same quarter last year. The company posted a marginal net loss of ₹0.08 lakhs, a significant decline from the ₹4.90 crore profit in the previous quarter, primarily due to a 64% drop in other income. The 9-month profit of ₹7.82 crore is significantly lower than the previous year's ₹74.78 crore, which was heavily inflated by one-time gains from property sales. Management remains cautious, citing headwinds in the textile industry but expects a recovery within 9 to 12 months.
Key Highlights
Revenue from operations stood at ₹938.94 lakhs, showing a slight decline from ₹943.98 lakhs YoY.
Net profit plummeted to a marginal loss of ₹0.08 lakhs from a profit of ₹489.61 lakhs in the preceding quarter.
Other income decreased by 63.8% QoQ to ₹411.03 lakhs, significantly impacting the bottom line.
9-month FY26 net profit of ₹7.82 crore is down 89.5% compared to ₹74.78 crore in 9M FY25, which included ₹65.7 crore in exceptional gains.
Management expects the textile industry to recover from global geopolitical headwinds in the next 9 to 12 months.
💼 Action for Investors
Investors should exercise caution as the company's core operations are currently struggling to maintain profitability without the support of exceptional asset sales. The stock's performance will likely remain subdued until the anticipated recovery in the textile sector materializes over the next year.