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Royal Orchid Hotels Q3 FY26 Revenue Up 24% to โ‚น117.9 Cr; Total Keys Reach 10,700
Royal Orchid Hotels reported a 24.3% YoY increase in consolidated total income to โ‚น117.9 crore for Q3 FY26, driven by a 45% surge in room night revenue. However, consolidated PAT fell 46.9% YoY to โ‚น9.6 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 โ‚น6,972.
Key Highlights
Consolidated Total Income grew 24.3% YoY to โ‚น117.9 crore in Q3 FY26. EBITDA increased by 13.8% YoY to โ‚น34.8 crore, with a consolidated margin of 30%. Total keys reached 10,700 across 168+ hotels, including 47+ upcoming properties. Iconiqa Mumbai generated โ‚น17.4 crore in revenue but reported a PBT loss of โ‚น10.6 crore due to high initial costs. Managed hotels occupancy stood at 68% with room night revenue growing 45% YoY.
๐Ÿ’ผ 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
๐Ÿ’ผ 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.
EARNINGS NEGATIVE 7/10
Rollatainers Ltd Q3 FY26: Zero Revenue and Net Loss of โ‚น44.44 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 โ‚น44.44 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 โ‚น(1,516.44) lakhs. The company continues to operate with no top-line growth, resulting in a negative EPS of โ‚น0.02.
Key Highlights
Total income from operations stood at โ‚น0.00 for the quarter ended December 31, 2025. Net loss for the period remained flat at โ‚น44.44 lakhs on both standalone and consolidated bases. Accumulated losses have led to negative reserves of โ‚น1,516.44 lakhs against an equity capital of โ‚น500.25 lakhs. Earnings Per Share (EPS) for the quarter was negative โ‚น0.02. The company reported zero revenue for the nine-month period ending December 2025 as well.
๐Ÿ’ผ 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 โ‚น6.75 Cr; Keshav Baljee Appointed Executive Director
Royal Orchid Hotels Limited (ROHLTD) reported a 3.2% YoY increase in standalone revenue to โ‚น58.69 crore for Q3 FY26, while Net Profit declined 15.3% to โ‚น6.75 crore. The company announced the transition of Keshav Baljee to Whole-time Director with a monthly salary of โ‚น10 lakh and a 50% pay hike for President Arjun Baljee. For the nine-month period ending December 2025, PAT fell to โ‚น14.24 crore from โ‚น18.60 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 โ‚น58.69 crore versus โ‚น56.89 crore in the same period last year. Net Profit (PAT) for the quarter decreased to โ‚น6.75 crore from โ‚น7.97 crore YoY. Keshav Baljee appointed as Executive Director for 5 years at a monthly remuneration of โ‚น10 lakh. President Arjun Baljee's monthly remuneration increased from โ‚น5 lakh to โ‚น7.5 lakh. Auditor's report includes a qualified conclusion regarding ongoing litigation and SEBI orders related to KSDPL.
๐Ÿ’ผ 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 โ‚น6.75 Cr; Management Remuneration Hiked
Royal Orchid Hotels Limited (ROHLTD) reported a standalone revenue of โ‚น58.69 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 โ‚น6.75 crore, down from โ‚น7.97 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 โ‚น58.69 crore in Q3 FY26. Net Profit (PAT) for the quarter decreased 15.3% YoY to โ‚น6.75 crore from โ‚น7.97 crore. Keshav Baljee appointed as Whole-time Director for 5 years with a monthly remuneration of โ‚น10 lakh. President Arjun Baljee's monthly remuneration increased to โ‚น7.5 lakh, totaling โ‚น10 lakh including subsidiary pay. Statutory auditors issued a qualified conclusion regarding ongoing litigation and accounting of Ksheer Sagar Developers Private Limited (KSDPL).
๐Ÿ’ผ 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 โ‚น24.35 Cr; Revenue at โ‚น141.17 Cr
Sree Rayalaseema Hi-Strength Hypo reported a marginal 2% YoY growth in standalone revenue from operations to โ‚น141.17 crore for the quarter ended December 2025. Standalone Net Profit grew 3.5% YoY to โ‚น24.35 crore, despite a significant exceptional charge of โ‚น3.23 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 โ‚น141.17 crore, up 2% from โ‚น138.47 crore in Q3 FY25. Standalone Net Profit (PAT) reached โ‚น24.35 crore, compared to โ‚น23.53 crore in the corresponding previous year quarter. Recognized an exceptional item of โ‚น322.85 lakhs related to increased gratuity liability arising from the notification of new Labour Codes. Nine-month consolidated revenue reached โ‚น503.82 crore with a consolidated PAT of โ‚น70.12 crore. Chemicals remains the dominant segment, while Wind Energy revenue remains below the 10% reporting threshold.
๐Ÿ’ผ 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 โ‚น6.75 Cr; Auditor Issues Qualified Opinion
Royal Orchid Hotels Limited (ROHLTD) reported a marginal 3.2% YoY increase in revenue to โ‚น58.69 crore for the quarter ended December 31, 2025. However, Net Profit (PAT) declined by 15.3% YoY to โ‚น6.75 crore, down from โ‚น7.97 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 โ‚น58.69 crore in Q3 FY26. Net Profit (PAT) fell 15.3% YoY to โ‚น6.75 crore compared to โ‚น7.97 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 โ‚น50.83 crore from โ‚น47.25 crore, driven by higher rent and other operational costs. Keshav Baljee appointed as Whole-time Director for 5 years at a monthly remuneration of โ‚น10 lakhs.
๐Ÿ’ผ 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.
๐Ÿ’ผ 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.
Hilton Metal Forging Approves Q3 FY26 Standalone Financial Results
Hilton Metal Forging Limited has officially approved its standalone financial results for the quarter ended December 31, 2025. The Board of Directors met on February 14, 2026, to review the performance and the Limited Review Report. The meeting was conducted efficiently, lasting approximately 45 minutes. Investors should now look for the detailed financial statements to evaluate the company's operational margins and revenue growth for the period.
Key Highlights
Board approved standalone financial results for the quarter ended December 31, 2025 The Board Meeting commenced at 5:00 P.M. and concluded at 5:45 P.M. on February 14, 2026 Limited Review Report for the third quarter was reviewed and taken on record Compliance maintained under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
๐Ÿ’ผ Action for Investors Investors should review the detailed profit and loss statements once fully published to assess the company's growth trajectory. Compare the Q3 performance against previous quarters to determine if the company is maintaining its margins in the forging sector.
EARNINGS NEGATIVE 7/10
Vipul Limited Q3 FY26 Results: Auditor Raises Concerns Over Frozen Accounts and Unpaid TDS
Vipul Limited reported its Q3 FY26 results, which are significantly impacted by several auditor observations regarding financial transparency and liquidity. The statutory auditor highlighted that the company has not provided for interest on various borrowings and customer advances due to ongoing negotiations. Furthermore, a substantial portion of the company's cash is tied up in uncashed cheques, dormant accounts, and frozen bank accounts. The company also failed to deposit undisputed TDS statutory dues for the current financial year.
Key Highlights
Auditor flagged โ‚น599.68 lakhs in uncashed customer cheques held at the request of customers. โ‚น272.57 lakhs is currently held in frozen bank accounts and โ‚น54.84 lakhs in dormant accounts. Interest on unsecured borrowings, ICDs, and certain customer advances has not been provided for, pending negotiations. Undisputed statutory dues for Income Tax (TDS) for FY 2025-26 remain undeposited. Consolidated results exclude associate Vipul Karamchand SEZ Private Limited as its audits for FY24 and FY25 are still incomplete.
๐Ÿ’ผ Action for Investors Investors should exercise high caution given the multiple auditor observations regarding frozen bank accounts, non-provision of interest, and pending statutory dues. These factors indicate potential liquidity stress and governance risks that may outweigh the reported financial figures.
EARNINGS NEGATIVE 7/10
Vipul Ltd Q3 FY26 Results: Auditor Flags Frozen Accounts and Unpaid Statutory Dues
Vipul Limited's Q3 FY26 results are overshadowed by several significant auditor observations regarding financial health and internal controls. The auditor highlighted that Rs 272.57 lakhs are held in frozen bank accounts and Rs 599.68 lakhs in customer cheques remain unpresented. Additionally, the company has not provided for interest on various borrowings and advances due to ongoing negotiations and lacks signed documentation for several loans. The consolidated results also exclude a key associate due to incomplete audits for the past two financial years.
Key Highlights
Auditor flagged Rs 272.57 lakhs in frozen bank accounts and Rs 54.84 lakhs in dormant accounts. Unpresented customer cheques totaling Rs 599.68 lakhs are being held at customer request instead of being deposited. Company failed to deposit undisputed TDS statutory dues for the financial year 2025-26. Interest on unsecured borrowings and customer advances has not been provided, pending settlement negotiations. Consolidated results exclude associate Vipul Karamchand SEZ Private Limited as FY24 and FY25 audits are still pending.
๐Ÿ’ผ Action for Investors Investors should exercise extreme caution given the multiple auditor qualifications regarding frozen funds, missing loan documentation, and unpaid statutory dues. These issues suggest potential liquidity constraints and internal control weaknesses that may impact future valuation.
Royal Orchid Hotels Expands in Vrindavan with New 36-Key Regenta Z Property
Royal Orchid Hotels Limited has signed a management contract for a new greenfield project, Regenta Z - Vrindavan, Mathura, targeting India's high-growth religious tourism sector. The 36-key property is scheduled for handover in April 2027 and will operate under the contemporary Regenta Z brand. This expansion follows the company's asset-light strategy, utilizing a management contract structure to minimize capital expenditure. The property is strategically located 6 km from Prem Mandir, positioning it to capture year-round pilgrim and leisure demand.
Key Highlights
Signed a management contract for a new 36-key property, Regenta Z - Vrindavan, Mathura. Greenfield project scheduled for completion and handover in April 2027. Strategically located 6 km from Prem Mandir and 10 km from Mathura Railway Station. Expansion follows an asset-light model via a Head of Agreement (HOA) with owner Mr. Sachin Aggarwal. Property will feature a multi-cuisine restaurant and a dedicated banquet hall for social and religious events.
๐Ÿ’ผ Action for Investors Investors should monitor the company's progress in the religious tourism segment as it provides steady year-round occupancy. The continued shift towards an asset-light management model is a positive indicator for long-term return on capital employed (ROCE).
3i Infotech Q3FY26 Revenue at โ‚น172.1 Cr; Files โ‚น128 Cr Fraud Complaint Against eMudhra
3i Infotech reported a consolidated revenue of โ‚น172.1 crore for Q3 FY26, reflecting a slight 1.6% QoQ decline attributed to regulatory changes in the BPS sector. EBITDA stood at โ‚น11.4 crore with a 7% margin, while PAT was impacted by a โ‚น3.4 crore labor law adjustment, resulting in a final profit of โ‚น2.1 crore. A major highlight is the company filing a โ‚น128 crore fraud complaint against eMudhra Limited and initiating arbitration against RailTel. The company is currently deploying โ‚น64.1 crore raised from a recent rights issue into growth engines and Centers of Excellence.
Key Highlights
Consolidated Revenue reached โ‚น172.1 crore, led by the Application-Automation-Analytics (AAA) vertical at โ‚น121.2 crore. PAT fell to โ‚น2.1 crore from โ‚น18.2 crore in Q2, impacted by โ‚น3.4 crore in exceptional labor law costs. Filed a criminal complaint for โ‚น128 crore plus interest against eMudhra Limited regarding legacy disinvestment fraud. Initiated arbitration proceedings against RailTel for the WiFi Monetization Project with hearings starting Feb 2026. Raised โ‚น64.1 crore via rights issue for competency building and participation in large-value government bids.
๐Ÿ’ผ Action for Investors Investors should closely monitor the legal developments regarding the โ‚น128 crore fraud claim and RailTel arbitration as they represent significant potential recoveries. While current earnings are muted by regulatory shifts, the successful deployment of rights issue capital into high-margin digital segments is critical for future growth.
EARNINGS NEGATIVE 8/10
3i Infotech Q3 FY26 Revenue at โ‚น172.1 Cr; PAT Drops to โ‚น2.1 Cr Amid Regulatory Headwinds
3i Infotech reported a consolidated revenue of โ‚น172.1 crore for Q3 FY26, reflecting a 1.6% QoQ decline. Profitability saw a sharp contraction with PAT falling to โ‚น2.1 crore from โ‚น18.2 crore in Q2, impacted by RBI regulatory changes in the BPS segment and a โ‚น3.4 crore hit from new labor law guidelines. The company has taken aggressive legal action, filing a complaint against eMudhra Limited for an alleged โ‚น128 crore fraud and initiating arbitration for the RailTel project. While the core AAA segment remains stable, the significant drop in year-on-year profit (from โ‚น40.6 crore to โ‚น2.1 crore) is a major concern.
Key Highlights
Consolidated revenue stood at โ‚น172.1 crore, with the AAA vertical contributing 70% of total revenue at โ‚น121.2 crore. PAT plummeted to โ‚น2.1 crore in Q3 FY26 compared to โ‚น40.6 crore in the same quarter last year. EBITDA margin stood at 7% with an absolute EBITDA of โ‚น11.4 crore for the quarter. Filed a criminal complaint against eMudhra Limited for an alleged โ‚น128 crore corporate financial fraud involving disinvestment and share redemption. Successfully raised โ‚น64.1 crore via a rights issue, currently being deployed for competency building and Centers of Excellence.
๐Ÿ’ผ Action for Investors Investors should exercise caution due to the significant decline in profitability and ongoing legal disputes regarding legacy fraud and the RailTel project. Monitor the recovery of the โ‚น128 crore claim and the stabilization of the BPS business under new regulatory norms before considering fresh positions.
BOARD_MEETING NEGATIVE 8/10
3i Infotech Re-appoints Director, Withdraws โ‚น9.50 Cr Funding, and Faces Audit Qualifications
3i Infotech's Board has approved the re-appointment of Avtar Singh Monga as an Independent Director for a second five-year term starting April 2026. The company has decided to withdraw its previous plan to capitalize subsidiary NuRe FutureTech, which involved converting an โ‚น8.17 crore loan and infusing โ‚น1.33 crore. However, the auditor's report contains significant qualifications, including an adverse conclusion on the recoverability of AED 435.58 million in receivables at its Middle East subsidiary. Furthermore, the company has filed a complaint with the Economic Offence Wing following a forensic audit into long-standing matters.
Key Highlights
Withdrawal of โ‚น9.50 crore capitalization plan for subsidiary NuRe FutureTech Private Limited. Auditors issued an adverse conclusion on AED 435.58 million in receivables at the Middle East subsidiary. Middle East subsidiary reported a negative net worth of AED 43.61 million as of the reporting date. Company filed a formal complaint with the Economic Offence Wing (EOW) based on forensic audit findings. Re-appointment of Avtar Singh Monga as Non-executive Independent Director for a 5-year term.
๐Ÿ’ผ Action for Investors Investors should be highly cautious given the adverse audit remarks regarding massive unrecoverable receivables and the ongoing criminal investigation by the EOW. The withdrawal of subsidiary funding and negative net worth in key units suggest significant internal and financial stress.
EARNINGS NEGATIVE 9/10
3i Infotech Q3 FY26: Auditor Issues Qualified Opinion; Rs 9.5 Cr Funding Plan Withdrawn
3i Infotech's Q3 FY26 results are overshadowed by an adverse auditor conclusion regarding its Middle East subsidiary, specifically questioning the recoverability of AED 435.6 million in receivables. The Board has also scrapped a previously approved Rs 9.50 crore capitalization plan for its subsidiary, NuRe FutureTech. Additionally, the company has initiated legal action by filing a complaint with the Economic Offence Wing (EOW) following a forensic audit. These developments, combined with reported losses in several subsidiaries, indicate significant financial and governance headwinds.
Key Highlights
Auditors raised an adverse conclusion for the Middle East unit over AED 435.6 million in doubtful receivables and going concern issues. Board cancelled the conversion of an Rs 8.17 crore loan and Rs 1.33 crore fresh investment in subsidiary NuRe FutureTech. A formal complaint has been filed with the Economic Offence Wing (EOW) in Navi Mumbai following forensic audit findings. Major reviewed subsidiaries reported a consolidated net loss of Rs 1,131 lakhs for the quarter ended December 31, 2025. Avtar Singh Monga re-appointed as Independent Director for a second 5-year term starting April 2026.
๐Ÿ’ผ Action for Investors The combination of adverse auditor qualifications, EOW investigations, and significant subsidiary losses makes this a high-risk stock. Investors should exercise extreme caution and wait for clarity on forensic audit outcomes and receivable recoveries.
EARNINGS WATCH 8/10
India Power (DPSC) Q3 Profit Rises to โ‚น3.47 Cr; 9M Loss at โ‚น234 Cr Due to Slump Sale
India Power Corporation (formerly DPSC) reported a standalone net profit of โ‚น3.47 crore for Q3 FY26, up slightly from โ‚น3.23 crore in Q3 FY25. However, the company recorded a significant standalone loss of โ‚น234.22 crore for the nine-month period ending December 2025, primarily due to a one-time exceptional loss of โ‚น245.31 crore from the slump sale of its non-regulated business. Total income for the quarter saw a 5% year-on-year decline to โ‚น148.32 crore. A key concern remains an auditor qualification regarding โ‚น183.62 crore in outstanding electricity duty which could impact future financials.
Key Highlights
Standalone Q3 FY26 net profit stood at โ‚น3.47 crore versus โ‚น3.23 crore in the previous year. Reported a massive 9M FY26 loss of โ‚น234.22 crore due to a โ‚น245.31 crore exceptional item related to business restructuring. Total income for Q3 FY26 decreased to โ‚น148.32 crore from โ‚น156.23 crore YoY. Statutory auditors issued a qualified opinion concerning โ‚น18,361.96 lakhs in unpaid electricity duty. Board approved the appointment of Mr. Naveen Prakash as an Independent Director for a 5-year term starting January 2026.
๐Ÿ’ผ Action for Investors Investors should exercise caution due to the auditor's qualification on electricity duty and the significant impact of the recent business transfer. While quarterly operational profits are stable, the long-term impact of the non-regulated business exit needs further evaluation.
EARNINGS WATCH 7/10
India Power Corp (DPSC) Q3 Profit at โ‚น3.47 Cr; Auditor Qualifies โ‚น183 Cr Electricity Duty Issue
India Power Corporation reported a standalone net profit of โ‚น3.47 crore for Q3 FY26, a slight increase from โ‚น3.23 crore in the same quarter last year, despite a revenue dip to โ‚น144.36 crore. The nine-month performance shows a massive loss of โ‚น234.22 crore, largely attributed to a one-time exceptional loss of โ‚น245.31 crore from the slump sale of its non-regulated business. A significant concern remains the auditor's qualification regarding โ‚น183.62 crore in unpaid electricity duty, which the company hopes to offset against government receivables. Additionally, the board approved the appointment of Naveen Prakash as an Independent Director for a five-year term.
Key Highlights
Standalone Q3 revenue decreased to โ‚น144.36 crore from โ‚น150.12 crore in the previous year's quarter. Net profit for Q3 stood at โ‚น3.47 crore, up 7.6% compared to โ‚น3.23 crore YoY. Recognized a massive exceptional loss of โ‚น245.31 crore in the nine-month period due to the transfer of the non-regulated business via slump sale. Auditors issued a qualified opinion regarding โ‚น183.62 crore in outstanding Electricity Duty as of December 31, 2025. Regulatory income of โ‚น16.23 crore was recognized in Q3 to account for future tariff adjustments.
๐Ÿ’ผ Action for Investors Investors should exercise caution and monitor the resolution of the โ‚น183.62 crore electricity duty dispute, as an adverse outcome could significantly impact the balance sheet. The long-term impact of the non-regulated business divestment on the company's growth profile also requires further clarity.
RailTel Bags โ‚น92.91 Crore ICT Project from Delhi's Directorate of Education
RailTel Corporation of India has secured a significant work order worth approximately โ‚น92.91 Crore from the Directorate of Education, GNCTD. The contract involves the design, installation, and maintenance of an ICT-based Educational Lab/Centre. This domestic project is expected to be completed by February 11, 2028, providing revenue visibility for the next two years. The win underscores RailTel's capability in delivering digital infrastructure solutions beyond its core railway operations.
Key Highlights
Total order value is โ‚น92,91,08,427 (approximately โ‚น92.91 Crore) Contract awarded by the Directorate of Education, Government of NCT of Delhi Scope includes design, installation, and O&M of ICT-based Educational Labs Execution timeline is set for completion by February 11, 2028 The contract is a domestic order involving supply and services
๐Ÿ’ผ Action for Investors Investors should view this as a positive addition to RailTel's order book, demonstrating its competitive edge in government ICT tenders. Maintain a positive outlook as the company continues to diversify its revenue streams.
EARNINGS POSITIVE 7/10
Jai Corp Q3 Net Profit Rises 32% YoY to โ‚น15.5 Cr; 9M Profit Surges on High Other Income
Jai Corp reported a standalone net profit of โ‚น15.51 crore for Q3 FY26, a 32% increase compared to โ‚น11.74 crore in the same quarter last year, despite a 9.5% decline in revenue from operations to โ‚น113.73 crore. For the nine-month period, net profit saw a massive surge to โ‚น144.08 crore, primarily driven by a significant spike in 'Other Income' which reached โ‚น127.53 crore. The company recognized an exceptional loss of โ‚น1.41 crore due to the implementation of new labour codes. The Plastic Processing segment remains the primary revenue contributor, while the Spinning division continues its phased discontinuation.
Key Highlights
Standalone Net Profit for Q3 FY26 grew 32% YoY to โ‚น15.51 crore from โ‚น11.74 crore. 9M FY26 Standalone Net Profit jumped nearly 3x to โ‚น144.08 crore, boosted by โ‚น127.53 crore in Other Income. Revenue from operations for the quarter stood at โ‚น113.73 crore, down from โ‚น125.61 crore YoY. Exceptional item of โ‚น1.41 crore recorded for estimated obligations under the New Labour Codes effective Nov 2025. Plastic Processing segment remains the core driver with โ‚น113.73 crore revenue and โ‚น13.75 crore segment profit.
๐Ÿ’ผ Action for Investors Investors should investigate the source of the high 'Other Income' to determine if it is a one-time asset sale or a recurring gain. While the core plastic business is stable, the massive jump in 9M profits is non-operational and should be treated with caution for long-term valuation.
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