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Shiv Aum Steels Rectifies Q3 FY26 Financial Results Following NSE Clarification
Shiv Aum Steels Limited has filed a revised Limited Review Report for the quarter ended December 31, 2025, after the NSE flagged discrepancies in its initial submission. For Q3 FY26, the company reported a total income of ₹6,016.57 lakhs and a net profit of ₹60.32 lakhs, representing a significant sequential decline from Q2 FY26's ₹10,987.92 lakhs income and ₹181.95 lakhs profit. This reporting period is critical as it marks the company's recent migration from the NSE SME platform to the Main Board on November 14, 2025, and the adoption of Ind AS accounting standards. The rectification ensures regulatory compliance with SEBI Listing Obligations and Disclosure Requirements.
Key Highlights
Total income for Q3 FY26 stood at ₹6,016.57 lakhs, a sharp decline from ₹10,987.92 lakhs in the preceding quarter.
Net profit for the quarter ended December 31, 2025, was ₹60.32 lakhs compared to ₹181.95 lakhs in Q2 FY26.
The company successfully migrated from the NSE SME (EMERGE) platform to the Main Board on November 14, 2025.
Financial results are now prepared under Indian Accounting Standards (Ind AS) effective from April 1, 2025.
The revised filing addresses specific errors in the Limited Review Report as pointed out by the NSE on March 05, 2026.
💼 Action for Investors
Investors should monitor the company's performance closely following its migration to the Main Board, as the significant sequential drop in revenue and profit warrants caution. It is also important to review how Ind AS transitions affect year-on-year comparisons once full-year data is available.
Shiv Aum Steels Q3 FY26 Revenue Drops 56% YoY to ₹59.54 Cr; PAT at ₹0.61 Cr
Shiv Aum Steels reported a significant decline in revenue for the quarter ended December 31, 2025, with total income from operations falling to ₹59.54 crore compared to ₹135.10 crore in the same quarter last year. Net profit for the quarter stood at ₹0.61 crore, down from ₹0.71 crore YoY and ₹0.79 crore in the preceding quarter. This marks the company's first reporting cycle since migrating from the NSE SME platform to the Main Board in November 2025. The company's EPS also saw a decline to ₹0.45 from ₹0.58 in the previous quarter.
Key Highlights
Revenue from operations fell 55.9% YoY to ₹5,953.95 lakhs from ₹13,509.51 lakhs.
Net Profit (PAT) decreased to ₹61.14 lakhs from ₹71.18 lakhs in the year-ago period.
Earnings Per Share (EPS) declined to ₹0.45 for the quarter compared to ₹0.58 in Q2 FY26.
Total expenses were significantly reduced to ₹5,937.86 lakhs from ₹13,413.35 lakhs YoY.
Company successfully migrated to the NSE Main Board effective November 14, 2025.
💼 Action for Investors
Investors should exercise caution as the sharp contraction in revenue suggests a slowdown in trading volumes or steel demand. Monitor if the migration to the Main Board improves liquidity despite the current weak financial performance.
Shiv Aum Steels Q3 PAT at ₹66.54 Lakhs; Revenue Declines 45% Sequentially
Shiv Aum Steels reported a significant sequential decline in performance for the quarter ended December 31, 2025. Revenue from operations fell to ₹5,953.95 Lakhs from ₹10,866.18 Lakhs in the previous quarter, representing a 45% drop. Net profit also saw a decline to ₹66.54 Lakhs compared to ₹78.93 Lakhs in Q2 FY26. This reporting period is notable as it follows the company's migration from the NSE SME platform to the Main Board on November 14, 2025, and marks the adoption of Ind AS accounting standards.
Key Highlights
Revenue from operations decreased 45.2% QoQ to ₹5,953.95 Lakhs from ₹10,866.18 Lakhs.
Net Profit (PAT) for the quarter stood at ₹66.54 Lakhs, down from ₹78.93 Lakhs in the preceding quarter.
Total income for the nine-month period ended December 31, 2025, reached ₹36,267.83 Lakhs.
Earnings Per Share (EPS) declined to ₹0.49 for Q3 FY26 from ₹0.58 in Q2 FY26.
The company successfully migrated to the NSE Main Board effective November 14, 2025.
💼 Action for Investors
Investors should exercise caution due to the sharp sequential drop in revenue and profitability following the company's migration to the Main Board. It is essential to monitor if this decline is a temporary cyclical adjustment or a fundamental shift in trading volumes.