Organic Coatings Limited Reports Q3FY26 Financial Results with Revenue Decline
Organic Coatings Limited reported challenging Q3FY26 results with total income from operations declining to Rs. 58.59 lakhs from Rs. 340.15 lakhs in Q3FY25. Net loss widened to Rs. 95.79 lakhs compared to Rs. 88.59 lakhs in the previous year. Nine-month performance showed similar trends with income decreasing to Rs. 1,855.06 lakhs from Rs. 2,265.27 lakhs and net loss increasing to Rs. 240.88 lakhs from Rs. 132.67 lakhs year-over-year.

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Organic Coatings Limited, a manufacturer of printing inks and allied products, has published its unaudited financial results for the quarter and nine months ended December 31, 2025. The company disclosed these results through newspaper advertisements in compliance with Regulations 30 and 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Q3FY26 Financial Performance
The company's financial performance for Q3FY26 showed significant challenges compared to the previous year. Revenue from operations declined substantially, while losses continued to mount across all key metrics.
| Metric | Q3FY26 | Q3FY25 | Change |
|---|---|---|---|
| Total Income from Operations | Rs. 58.59 lakhs | Rs. 340.15 lakhs | Decline |
| Net Loss (Before Tax) | Rs. 95.79 lakhs | Rs. 88.59 lakhs | Widened |
| Net Loss (After Tax) | Rs. 95.79 lakhs | Rs. 88.59 lakhs | Widened |
| Total Comprehensive Income | Rs. 95.79 lakhs loss | Rs. 88.59 lakhs loss | Widened |
Nine-Month Performance Analysis
For the nine-month period ended December 31, 2025, Organic Coatings Limited continued to face operational challenges with declining revenue and increasing losses.
| Parameter | Nine Months FY26 | Nine Months FY25 | Performance |
|---|---|---|---|
| Total Income from Operations | Rs. 1,855.06 lakhs | Rs. 2,265.27 lakhs | Decreased |
| Net Loss (Before Tax) | Rs. 240.88 lakhs | Rs. 132.67 lakhs | Increased |
| Net Loss (After Tax) | Rs. 240.88 lakhs | Rs. 132.67 lakhs | Increased |
| Total Comprehensive Income | Rs. 240.88 lakhs loss | Rs. 132.67 lakhs loss | Deteriorated |
Earnings Per Share and Capital Structure
The company's earnings per share reflected the challenging operational environment. Basic and diluted earnings per share for Q3FY26 stood at Rs. 0.96 loss per share compared to Rs. 0.60 loss per share in Q3FY25. For the nine-month period, earnings per share showed a loss of Rs. 2.41 per share versus Rs. 1.33 loss per share in the corresponding previous period.
| Financial Metric | Current Status |
|---|---|
| Equity Share Capital | Rs. 997.46 lakhs |
| Face Value per Share | Rs. 10.00 |
| EPS - Q3FY26 (Basic & Diluted) | Rs. 0.96 loss |
| EPS - Nine Months FY26 (Basic & Diluted) | Rs. 2.41 loss |
Regulatory Compliance and Disclosure
The financial results were reviewed by the Audit Committee and approved by the Board of Directors at meetings held on February 14, 2026. The results have been prepared in accordance with Indian Accounting Standards (Ind AS) specified under Section 133 of the Companies Act, 2013. The statutory auditor of the company has reviewed the financial results for the quarter and nine months ended December 31, 2025.
Ajay R. Shah, Wholetime Director and CFO, signed the disclosure documents submitted to BSE Limited. The complete detailed format of the unaudited financial results is available on the stock exchange website and the company's official website for stakeholder reference.
Historical Stock Returns for Organic Coatings
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.97% | -6.79% | +0.10% | -28.42% | +55.60% | +215.43% |
What strategic restructuring measures is Organic Coatings planning to implement to reverse the 83% revenue decline in Q3FY26?
Will the company need to raise additional capital or consider debt restructuring given the mounting losses and deteriorating cash flows?
How might the ongoing challenges at Organic Coatings impact the broader printing inks industry's pricing and market dynamics?
































