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Modern Threads Q3 Net Profit Jumps 262% YoY to ₹3.02 Cr; Revenue at ₹74.90 Cr
Modern Threads (India) reported a strong Q3 FY26 with net profit jumping to ₹3.02 crore from ₹0.83 crore YoY, driven by improved margins despite flat revenue growth. Revenue for the quarter stood at ₹74.90 crore, a 3.5% increase compared to the previous year's corresponding quarter. However, the results are overshadowed by a qualified audit report concerning the non-provision of ₹10.75 crore in cumulative preference dividends. The company is also dealing with ₹14.50 crore in refundable share application money due to legacy regulatory changes.
Key Highlights
Net Profit surged 262% YoY to ₹3.02 crore in Q3 FY26 compared to ₹0.83 crore in Q3 FY25.
Total Income for the nine-month period ended December 2025 reached ₹230.37 crore.
Auditors issued a qualified opinion regarding the non-provision of ₹10.75 crore in cumulative preference share dividends.
Basic EPS improved significantly to ₹0.87 for the quarter from ₹0.24 in the same period last year.
Share application money of ₹14.50 crore remains refundable following the repeal of the Sick Industrial Companies Act (SICA).
💼 Action for Investors
While the operational turnaround and profit growth are positive, the qualified audit report and significant legacy liabilities suggest high risk. Investors should monitor the company's progress on the settlement of preference shares and the resolution of refundable application money before committing capital.
Modern Threads Appoints CFO Prabodh Kumar Nahar as Executive Director; Ram Awatar Kabra Resigns
Modern Threads (India) Limited has announced a leadership transition effective January 7, 2026. Mr. Prabodh Kumar Nahar, the current CFO with 37 years of experience, has been appointed as an Executive Director for a three-year term. Simultaneously, Mr. Ram Awatar Kabra has resigned from his position as Executive Director citing health and personal reasons. The company also confirmed the reconstitution of its Audit and Stakeholder's Relationship Committees following these changes.
Key Highlights
Mr. Prabodh Kumar Nahar appointed as Executive Director for a 3-year term starting Jan 7, 2026.
Outgoing Director Ram Awatar Kabra resigned effective close of business hours on Jan 7, 2026.
New appointee Mr. Nahar brings 37 years of experience in Finance, Taxation, and Management.
The Board has reconstituted the Audit and Stakeholder's Relationship Committees.
💼 Action for Investors
Monitor the transition and the appointment of a new CFO to ensure financial oversight remains robust. The internal promotion indicates a preference for continuity in leadership.