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PVR INOX Shareholders Approve Remuneration for MD Ajay Bijli and ED Sanjeev Kumar
PVR INOX Limited has successfully passed two special resolutions via postal ballot to approve the remuneration for Managing Director Ajay Kumar Bijli and Executive Director Sanjeev Kumar. Both resolutions received approximately 89.43% of the total votes in favor, meeting the requisite majority for special resolutions. While the promoter group voted 100% in favor, there was notable dissent from public institutions, with 18.54% of their votes cast against the proposals. The voting process involved 7.22 crore valid equity shares and concluded on March 14, 2026.
Key Highlights
Special resolutions for MD and ED remuneration passed with a majority of 89.43%.
Total valid votes polled amounted to 7,22,63,588 shares across 748 voters.
Public institutional investors showed resistance, with 18.54% (76.26 lakh votes) voting against both resolutions.
Promoter and Promoter Group (2.70 crore shares) voted 100% in favor of the management remuneration.
The resolutions are officially deemed passed as of the final e-voting date, March 14, 2026.
💼 Action for Investors
Investors should view this as a routine governance clearance that ensures leadership stability. However, the 18.5% institutional dissent indicates that a segment of professional investors may have concerns regarding the compensation structure, which warrants monitoring in future annual reports.
Vraj Iron and Steel Signs 25-Year 10.85 MW Solar Power Open Access Agreement
Vraj Iron and Steel Limited has executed a Long-Term Open Access (LTOA) Tripartite Agreement with Chhattisgarh state power distribution and transmission entities. This agreement facilitates the procurement of 10.85 MW of solar power for captive consumption from the company's recently commissioned solar project. The contract is set for a 25-year duration, running from February 2026 to February 2051. This initiative is expected to significantly optimize electricity costs and improve the company's environmental sustainability profile.
Key Highlights
Executed a 25-year Long-Term Open Access agreement valid until February 8, 2051.
Total solar capacity of 10.85 MW, comprising 5.22 MW real-time drawal and 5.63 MW on banking.
Tripartite agreement signed with CSPDCL and CSPTCL for captive power procurement.
Move aimed at significant reduction in electricity costs and supporting green energy initiatives.
💼 Action for Investors
Investors should monitor the positive impact on operating margins as the company transitions to lower-cost solar power. This long-term arrangement provides high visibility into energy cost savings for the next two decades.
AVRO India Sets Record Processing 3 Lakh+ Cement Bags in 24 Hours; Recognized by Asia Book of Records
AVRO India Limited has achieved a major operational milestone by processing over 3,00,000 cement bags within a 24-hour period at its recycling facility. This achievement has been officially recognized by both the Asia Book of Records and the India Book of Records, establishing the company as a leader in flexible plastic recycling. The company utilizes Asia’s largest fully automatic flexible plastic washing plant to recycle difficult materials like woven sacks and jumbo bags. This technological capability allows AVRO to replace virgin polymer costing approximately ₹100/kg while significantly reducing greenhouse gas emissions.
Key Highlights
Processed over 3,00,000 cement bags in a single 24-hour period on March 10, 2026
Recognized by Asia Book of Records and India Book of Records as the only company in Asia to reach this benchmark
Operates Asia’s largest fully automatic flexible plastic washing plant for complex waste recycling
Reduces nearly 2.5 kg of greenhouse gas emissions per kg of recycled plastic produced
Replaces virgin polymer worth ₹100/kg, offering significant cost-saving potential and import substitution
💼 Action for Investors
Investors should view this as a validation of the company's technological moat in the high-growth recycling and circular economy sector. Monitor how this operational efficiency and record-breaking capacity utilization translate into improved margins and revenue in upcoming quarterly results.
Avro India Launches 'Operation Shuddhi' Targeting ₹50,000 Crore Circular Economy
Avro India Limited has officially launched 'Operation Shuddhi', a nationwide initiative aimed at transforming plastic waste into a circular economy resource. The company targets engaging 500,000 citizens and catalyzing ₹50,000 crore in economic activity through recycling and repurposing. To support this mission, the company introduced a dedicated website and a Recycling App to manage the collection ecosystem across schools, hospitals, and industries. This move aligns the company with national sustainability goals and explores new revenue streams in the waste-to-wealth sector.
Key Highlights
Launched 'Operation Shuddhi' on March 10, 2026, to build a nationwide plastic recycling ecosystem.
Aims to engage 5,00,000 citizens to create a ₹50,000 Crore circular economy activity.
Introduced a new Recycling App and website to mobilize volunteers and streamline plastic collection.
Targeting large-scale livelihood generation by connecting hotels, religious institutions, and markets for waste repurposing.
💼 Action for Investors
Investors should monitor the adoption rate of the new Recycling App and how the company plans to monetize this ecosystem. While the initiative significantly boosts the company's ESG profile, its direct impact on the bottom line will depend on the scale of the collection network.
Avro India EGM on March 30 to Ratify ₹21.08 Crore Promoter Personal Guarantees
Avro India Limited has convened an Extraordinary General Meeting (EGM) on March 30, 2026, to seek shareholder ratification for a material related party transaction. The transaction involves personal guarantees totaling ₹21.08 Crores provided by the company's promoters and their HUFs to IDFC First Bank Limited. These guarantees are intended to secure credit facilities for the company and are reported to be on an arm's length basis. The e-voting period for shareholders is set between March 27 and March 29, 2026.
Key Highlights
EGM scheduled for March 30, 2026, to ratify promoter guarantees for bank loans.
Total guarantee amount involved is ₹21.08 Crores provided to IDFC First Bank Limited.
Guarantors include Chairman Sushil Kumar Aggarwal, Managing Director Sahil Aggarwal, and other family entities.
Cut-off date for e-voting eligibility is March 23, 2026.
Remote e-voting window opens March 27, 2026, and closes March 29, 2026.
💼 Action for Investors
Investors should note the promoter's financial commitment to the company's debt obligations; ensure participation in e-voting if holding shares by the cut-off date.
Vraj Iron and Steel to Add 150,000 TPA TMT Bar Capacity at Bilaspur for Rs 35 Crore
Vraj Iron and Steel has approved the setup of a new Rolling Mill at its Bilaspur unit to manufacture TMT Bars with a capacity of 150,000 Tons per annum. This expansion is significant as it nearly triples the company's current capacity of 54,000 TPA located at its Raipur plant. The project involves an investment of Rs 35 Crores and is slated for completion within FY 2026-27. Funding will be managed through internal accruals and a potential promoter loan of up to Rs 10 Crores at a competitive 7.5% interest rate.
Key Highlights
Proposed capacity addition of 150,000 Tons per annum for TMT Bars at the Bilaspur Unit.
Estimated project cost of Rs 35 Crores plus GST, with completion targeted for FY 2026-27.
New capacity is nearly 3x the existing 54,000 TPA capacity currently operational at the Raipur plant.
Financing via internal accruals and a potential Rs 10 Crore promoter loan at 7.5% interest per annum.
Current capacity utilization at the existing Raipur unit is reported at 67.22%.
💼 Action for Investors
This is a major growth milestone that shifts the company towards higher-value finished steel products; investors should monitor the execution timeline and subsequent margin expansion. The low-cost promoter funding and use of internal accruals suggest a disciplined approach to capital structure during this aggressive growth phase.
Vraj Iron and Steel Receives 'CARE A-; Stable' Rating for ₹128 Crore Bank Facilities
CARE Ratings has assigned and reaffirmed credit ratings for Vraj Iron and Steel's bank facilities totaling ₹128 crore. The company's long-term facilities of ₹78 crore were assigned or reaffirmed at 'CARE A-; Stable', while short-term facilities were reaffirmed at 'CARE A2+'. Notably, the non-fund based limits were enhanced from ₹30 crore to ₹50 crore to support increased operational requirements. These ratings reflect the company's financial stability based on its audited FY25 and unaudited 9MFY26 performance.
Key Highlights
Assigned 'CARE A-; Stable' rating for a new ₹38 crore term loan from HDFC Bank
Reaffirmed 'CARE A-; Stable' for ₹40 crore cash credit facility
Enhanced long-term/short-term non-fund based limits from ₹30 crore to ₹50 crore
Total bank facilities rated by CARE Ratings increased to ₹128 crore
Ratings based on operational and financial performance through 9MFY26
💼 Action for Investors
Investors should view the stable rating and limit enhancement as a sign of the company's maintained credit profile and capacity for operational growth. Monitor upcoming quarterly results to ensure financial performance remains consistent with this investment-grade rating.
HUL to Invest ₹2,000 Crore to Expand Premium Manufacturing Capacity
Hindustan Unilever (HUL) has announced a strategic investment of ₹2,000 crore to be deployed over the next two years. This capital expenditure is focused on expanding manufacturing capacity for high-growth premium categories within Beauty & Wellbeing and Home Care liquids. The initiative aims to modernize the supply chain through automation and digital technologies while targeting 100% renewable energy for the new facilities. This move underscores HUL's commitment to premiumization and scaling high-margin segments to meet evolving consumer demands.
Key Highlights
Proposed investment of ₹2,000 crore over a two-year period across multiple locations.
Focus on premium Skin Care, Hair Care, and Home Care liquid categories.
Capacity expansion to leverage advanced automation and digital technologies for supply-chain agility.
New facilities designed to operate on 100% renewable energy in line with sustainability goals.
💼 Action for Investors
Investors should view this as a positive long-term indicator of HUL's focus on high-margin premium segments. Monitor the progress of this capex and its eventual impact on volume growth and operating margins.
IVRCL Limited Submits Q3 FY26 Financial Results Approved by Liquidator
IVRCL Limited has submitted its unaudited financial results for the quarter ended December 31, 2025. As the company is currently undergoing a liquidation process, the results were reviewed and approved by the Liquidator rather than a traditional Board of Directors. The filing is a mandatory compliance requirement under SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations. The company's status remains critical as it operates under the Insolvency and Bankruptcy Code framework.
Key Highlights
Unaudited financial results for the quarter ended December 31, 2025, have been officially filed.
The financial statements were approved by the Liquidator in lieu of the Board of Directors.
Compliance maintained with SEBI (LODR) Regulations 30 and 33 regarding periodic disclosures.
A Limited Review Report for the period was attached to the regulatory filing.
💼 Action for Investors
Investors should remain extremely cautious as the company is in liquidation, which typically results in equity shareholders receiving little to no value. Avoid fresh investments and monitor the liquidation process for any updates on asset distribution or delisting.
Avro India Q3 Standalone PAT at ₹1.07 Cr; Revenue Up 15.6% QoQ
Avro India Limited reported a standalone revenue of ₹24.29 crore for the quarter ended December 31, 2025, marking a 15.6% growth over the preceding quarter. Standalone net profit for Q3 stood at ₹1.07 crore, showing a slight sequential decline from ₹1.22 crore in Q2 FY26 due to increased raw material and other operating expenses. On a nine-month basis, the company demonstrated strong performance with standalone PAT rising 32.3% year-on-year to ₹3.34 crore. The company also presented consolidated results for the first time, reflecting the impact of its new subsidiary, Avro Recycling Limited, which helped push consolidated PAT to ₹1.36 crore for the quarter.
Key Highlights
Standalone Revenue from Operations increased to ₹2,428.70 Lacs in Q3 FY26 from ₹2,100.38 Lacs in Q2 FY26.
Standalone Net Profit for 9M FY26 grew to ₹334.37 Lacs compared to ₹252.69 Lacs in 9M FY25.
Consolidated Net Profit for Q3 FY26 stood at ₹135.57 Lacs, benefiting from the newly formed subsidiary Avro Recycling Limited.
Other income included a significant sales commission of ₹234.42 Lacs for the quarter ended December 2025.
Cost of materials consumed rose significantly to ₹1,601.23 Lacs in Q3 from ₹1,329.52 Lacs in the previous quarter.
💼 Action for Investors
Investors should monitor the margin profile as raw material costs have risen, while also tracking the scaling of the new recycling subsidiary. The stock remains a watch for growth in the organized furniture and recycling sectors.
HUL Completes Acquisition of Remaining 49% Stake in Zywie Ventures for INR 824 Crores
Hindustan Unilever Limited (HUL) has successfully completed the acquisition of the balance 49% stake in Zywie Ventures Private Limited. The transaction was finalized for a total consideration of INR 824 Crores, following the terms of the Share Subscription and Share Purchase Agreement. This move gives HUL full ownership of the entity, which is known for its health and wellness brand OZiva. The acquisition aligns with HUL's long-term strategy to scale its presence in the high-growth digital-first wellness segment.
Key Highlights
Acquisition of the remaining 49% stake in Zywie Ventures Private Limited completed on February 13, 2026.
Total cash consideration for the final tranche of shares is INR 824 Crores.
Zywie Ventures becomes a wholly-owned subsidiary of Hindustan Unilever Limited.
The transaction was executed in accordance with the Share Subscription and Share Purchase Agreement dated February 12, 2026.
💼 Action for Investors
Investors should view this as a positive consolidation of HUL's portfolio in the premium wellness category. Monitor the integration of Zywie's brands and their impact on HUL's overall margin profile in the coming quarters.
HUL Subsidiary Kwality Wall’s (India) to List 234.96 Cr Shares on Feb 16, 2026
Hindustan Unilever Limited (HUL) has announced that its subsidiary/demerged entity, Kwality Wall’s (India) Limited (KWIL), has received final listing and trading approvals from both BSE and NSE. A total of 2,34,95,91,262 equity shares of face value ₹1 each will be admitted to dealings. Trading is scheduled to commence on February 16, 2026, under the symbol 'KWIL' on the NSE. This marks the final stage of the Scheme of Arrangement intended to unlock value for HUL shareholders.
Key Highlights
Listing and trading approval received for 2,34,95,91,262 equity shares of ₹1 each
Trading of KWIL shares to officially commence on February 16, 2026
Approvals received from both BSE (Notice 20260212-18) and NSE (Ref: NSE/LIST/190)
The listing follows a court-approved Scheme of Arrangement between HUL and KWIL
KWIL will trade under the symbol 'KWIL' on the National Stock Exchange
💼 Action for Investors
Investors should track the listing price on February 16 to determine the market valuation of the standalone ice cream business. Existing HUL shareholders who were allotted KWIL shares should hold or trade based on their outlook for the frozen desserts sector.
PVR INOX Q3 FY26 PAT Jumps 69% to ₹115 Cr; Net Debt Reduced to ₹365 Cr
PVR INOX reported a robust Q3 FY26 performance with revenue growing 10% YoY to ₹1,908 crore and PAT surging 69% to ₹115 crore. The company maintained a steady 18% EBITDA margin, demonstrating structural cost efficiencies and merger synergies even at 28.5% occupancy levels. A significant highlight is the reduction of net debt to ₹365 crore, supported by strong free cash flows and the ₹226.8 crore divestment of the 4700BC brand. Management has guided for an aggressive expansion of 150 screens in FY27 using a capital-light model.
Key Highlights
Revenue grew 10% YoY to ₹1,908 crore; EBITDA increased 34% to ₹345 crore with 18% margins.
Net debt stands at ₹365 crore, a reduction of over ₹1,000 crore since the merger.
Average Ticket Price (ATP) and Spend Per Head (SPH) both increased by 4% YoY to ₹293 and ₹146.
Divested 4700BC premium snacking brand to Marico for ₹226.8 crore in an all-cash deal.
On track to add 100 screens in FY26 and targeting 150 screens in FY27 under FOCO/asset-light models.
💼 Action for Investors
Investors should find confidence in the company's rapid deleveraging and shift toward a capital-light expansion strategy. The sustained 18% EBITDA margins at lower occupancies suggest high operating leverage as the 2026 content slate remains strong.
Vraj Iron and Steel Q3 PAT Slumps 87% YoY to ₹10.9M; Plans 21 MW Solar Plant Expansion
Vraj Iron and Steel reported a sharp decline in consolidated net profit to ₹10.91 million for Q3 FY26, down from ₹82.41 million in the same quarter last year, despite a 22% YoY increase in revenue to ₹1,464.28 million. The bottom line was severely impacted by a significant swing in inventory costs and higher depreciation charges following the capitalization of a 15 MW solar plant. To improve long-term cost efficiency, the board has approved the setup of an additional 21 MW solar power plant at the Bilaspur facility for captive consumption. For the nine-month period, PAT stands at ₹164.38 million, a significant drop from ₹340.73 million in the previous year.
Key Highlights
Consolidated Revenue from Operations rose 22% YoY to ₹1,464.28 million in Q3 FY26.
Consolidated Net Profit (PAT) crashed 87% YoY to ₹10.91 million from ₹82.41 million.
Board approved a new 21 MW Solar Power Plant at the Bilaspur plant for captive use.
Depreciation expenses rose to ₹54.40 million due to the capitalization of a 15 MW solar plant during the quarter.
Inventory changes resulted in a ₹123.39 million charge compared to a ₹143.67 million credit in the previous quarter.
💼 Action for Investors
Investors should exercise caution as the company faces significant margin pressure despite revenue growth, primarily due to inventory volatility and rising depreciation. Monitor the progress of the new solar capacity which is intended to reduce energy costs in the long term.
HUL Q3 Net Profit Surges to ₹6,603 Cr Driven by ₹4,516 Cr Exceptional Gain
Hindustan Unilever Limited (HUL) reported a 3% YoY increase in revenue from operations at ₹16,197 crore for the quarter ended December 31, 2025. While total net profit jumped to ₹6,603 crore from ₹2,694 crore YoY, this was primarily due to a massive one-time exceptional gain of ₹4,516 crore from discontinued operations. Profit from continuing operations actually saw a decline, falling to ₹2,118 crore compared to ₹2,791 crore in the year-ago period, reflecting margin pressures.
Key Highlights
Revenue from operations grew 3.06% YoY to ₹16,197 crore from ₹15,715 crore.
Total Net Profit stood at ₹6,603 crore, significantly boosted by a ₹4,516 crore exceptional credit in discontinued operations.
Profit from continuing operations decreased by 24% YoY to ₹2,118 crore.
Advertising and promotion expenses remained high at ₹1,522 crore to maintain market share.
Basic EPS for the quarter rose to ₹28.12 from ₹11.43 YoY, largely due to the one-time gain.
💼 Action for Investors
Investors should discount the massive jump in net profit as it is driven by a one-time exceptional item. Focus on the underlying performance of continuing operations, which shows a decline in profitability despite modest revenue growth.
HUL DQ'25 Results: 4% Volume Growth, Reported PAT Surges 121% on Ice Cream Demerger One-offs
Hindustan Unilever Limited (HUL) reported a steady 4% underlying volume growth and 5% underlying sales growth for the quarter ended December 2025, with turnover reaching ₹16,235 crores. While reported PAT jumped 121% to ₹6,603 crores due to one-off gains from the Ice Cream business demerger, normalized PAT (before exceptional items) grew marginally by 1% to ₹2,562 crores. EBITDA margins saw a 70 bps compression to 23.3% as the company continues to invest in premiumization and digital channels. The company is also restructuring into a 'Unified India' model to enhance agility and speed in decision-making.
Key Highlights
Underlying Volume Growth (UVG) stood at 4% and Underlying Sales Growth (USG) at 5% for the quarter.
Reported PAT rose 121% YoY to ₹6,603 Cr, driven by portfolio transformation and the Ice Cream demerger.
Home Care segment achieved its highest-ever market share, with liquids delivering double-digit growth.
EBITDA margin contracted by 70 bps YoY to 23.3%, while EBITDA grew 3% to ₹3,788 Cr.
Board approved acquiring the remaining 49% stake in OZiva and divesting a 19.8% stake in Nutritionalab Pvt. Ltd.
💼 Action for Investors
Investors should monitor the impact of the 'Unified India' restructuring on execution speed and the sustainability of volume growth in a dynamic commodity environment. The stock remains a defensive core holding, though margin pressure suggests a balanced near-term outlook.
HUL to Acquire Remaining 49% Stake in OZiva for ₹824 Cr; Divests Nutritionalab Stake for ₹307 Cr
Hindustan Unilever (HUL) has announced the full acquisition of Zywie Ventures (OZiva) by purchasing the remaining 49% stake for ₹824 crores, making it a wholly-owned subsidiary. Simultaneously, the company is divesting its 19.8% minority stake in Nutritionalab to USV Private Limited for ₹307 crores. These moves align with HUL's strategy to focus on high-growth 'bigger bets' within the Health & Wellbeing segment. OZiva has demonstrated strong performance, scaling to a projected ₹480 crores in 2025 with a 130% CAGR over the last two years.
Key Highlights
Acquisition of balance 49% stake in Zywie Ventures (OZiva) for a cash consideration of ₹824 crores.
Divestment of 19.8% stake in Nutritionalab for ₹307 crores to USV Private Limited.
OZiva's turnover grew significantly from ₹100.07 crores in FY23 to ₹257.67 crores in FY25.
Both transactions are expected to be completed by March 31, 2026, subject to closing conditions.
Post-transaction, OZiva and its subsidiary Zenherb Labs will become wholly-owned subsidiaries of HUL.
💼 Action for Investors
Investors should view this as a positive consolidation move that streamlines HUL's Health & Wellbeing portfolio into high-growth brands. Monitor the integration of OZiva and its contribution to HUL's overall margin profile in the coming quarters.
HUL to Acquire Remaining 49% Stake in OZiva for ₹824 Cr; Divests Nutritionalab Stake for ₹307 Cr
Hindustan Unilever (HUL) has approved the acquisition of the remaining 49% stake in Zywie Ventures (OZiva) for ₹824 Crores, making it a wholly-owned subsidiary. Simultaneously, the company is divesting its 19.8% minority stake in Nutritionalab to USV Private Limited for ₹307 Crores. This move aligns with HUL's strategy to focus on fewer, bigger bets within the fast-growing Health & Wellbeing segment. OZiva has shown significant growth, with its turnover rising from ₹100.07 Crores in FY23 to ₹257.67 Crores in FY25.
Key Highlights
Acquisition of 49% balance stake in Zywie Ventures (OZiva) for a cash consideration of ₹824 Crores
Divestment of 19.8% stake in Nutritionalab to USV Private Limited for ₹307 Crores
OZiva's turnover grew significantly from ₹100.07 Crores in FY23 to ₹257.67 Crores in FY25
Both transactions are expected to be completed by March 31, 2026
Post-acquisition, Zywie and its subsidiary Zenherb Labs will become 100% subsidiaries of HUL
💼 Action for Investors
Investors should view this as a positive strategic consolidation in the high-margin health and wellness space. Monitor the integration of OZiva and its impact on HUL's non-traditional FMCG margins over the next few quarters.
HUL Q3 Net Profit Jumps to ₹6,603 Cr on Exceptional Gain; Core Profit Declines 24% YoY
Hindustan Unilever (HUL) reported a consolidated net profit of ₹6,603 crore for Q3 FY26, a significant increase from ₹2,694 crore YoY, primarily driven by a massive one-time exceptional gain of ₹4,516 crore from discontinued operations. However, the performance of continuing operations was weak, with profit falling 24% YoY to ₹2,118 crore due to higher input costs and a ₹576 crore exceptional charge. Revenue growth remained modest at 3% YoY, reaching ₹16,197 crore, reflecting a challenging consumption environment.
Key Highlights
Consolidated Net Profit rose to ₹6,603 Cr, boosted by a ₹4,516 Cr gain from discontinued operations.
Revenue from operations grew 3.1% YoY to ₹16,197 Cr from ₹15,715 Cr in the year-ago quarter.
Profit from continuing operations declined 24.1% YoY to ₹2,118 Cr compared to ₹2,791 Cr in Q3 FY25.
Advertising and promotion expenses stood at ₹1,522 Cr, while total expenses rose to ₹13,078 Cr.
EPS for the quarter surged to ₹28.12 from ₹11.43 YoY, though core operational EPS showed a decline.
💼 Action for Investors
Investors should look beyond the headline profit figure as it is inflated by a one-time divestment gain. The decline in core operating profit and modest revenue growth suggest margin pressure, making the stock a 'Watch' for signs of volume recovery.
GACM Technologies Q3 Net Profit Falls 26% YoY to ₹1.18 Cr; 9M Profit Up 192%
GACM Technologies reported a consolidated net profit of ₹1.18 crore for Q3 FY26, representing a 26.4% decline from ₹1.61 crore in the same period last year. Revenue for the quarter stood at ₹4.20 crore, a slight year-on-year increase but a significant 24.5% drop from the ₹5.57 crore recorded in Q2 FY26. Despite the quarterly weakness, the nine-month performance remains strong with a net profit of ₹6.94 crore, up 192% from ₹2.38 crore in the previous year. The company also announced a relocation of its registered office within Hyderabad.
Key Highlights
Consolidated Q3 Net Profit fell 26.4% YoY to ₹1.18 crore from ₹1.61 crore.
Quarterly Revenue declined 24.5% on a sequential (QoQ) basis to ₹4.20 crore.
Nine-month consolidated net profit surged 192% YoY to ₹6.94 crore compared to ₹2.38 crore.
Depreciation and amortization expenses for Q3 rose sharply to ₹1.39 crore from ₹0.39 crore YoY.
The Board approved shifting the registered office within Hyderabad and deferred several agenda items to a future meeting.
💼 Action for Investors
The sharp sequential and year-on-year decline in quarterly profit suggests a loss of momentum that investors should monitor closely. While the nine-month growth is impressive, the rising expense base, particularly depreciation, is impacting the bottom line.