Alfa Transformers Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, demonstrating a notable recovery in quarterly performance despite challenges in the nine-month period.

Quarterly Financial Performance

The company's Q3FY26 results showed significant improvement compared to the previous quarter. Revenue from operations reached ₹1135.87 lakhs, representing a sequential increase from ₹1061.84 lakhs in Q2FY26.

The company achieved a net profit of ₹41.03 lakhs in Q3FY26, marking a substantial turnaround from the net loss of ₹98.02 lakhs recorded in the previous quarter. Basic earnings per share improved to ₹0.45 from negative ₹1.07 in Q2FY26.

Nine-Month Performance Overview

For the nine-month period ended December 31, 2025, Alfa Transformers reported mixed results with revenue of ₹2197.71 lakhs and other income of ₹64.29 lakhs, bringing total income to ₹2262.00 lakhs. However, the company recorded a net loss of ₹54.28 lakhs for the nine-month period, with basic EPS at negative ₹0.59.

Operational Expenses and Cost Structure

The company's expense structure for Q3FY26 included several key components:

• Cost of materials consumed: ₹733.66 lakhs
• Employee benefits expense: ₹87.77 lakhs
• Finance costs: ₹43.51 lakhs
• Depreciation and amortization: ₹28.08 lakhs
• Other expenses: ₹91.86 lakhs

Total expenses for the quarter amounted to ₹1083.74 lakhs, resulting in a profit before tax of ₹100.03 lakhs.

Balance Sheet Highlights

As of December 31, 2025, the company's financial position showed total assets of ₹4357.88 lakhs compared to ₹3971.39 lakhs as of March 31, 2025. Key balance sheet items included:

Corporate Governance and Compliance

The Board of Directors approved these unaudited financial results at their meeting held on January 31, 2026. The results have undergone limited review by statutory auditors PAMS & Associates, Chartered Accountants, in accordance with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company operates primarily in the electrical transformers segment and maintains manufacturing facilities in Bhubaneswar and Vadodara. The financial statements have been prepared in accordance with Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act, 2013.

Alfa Transformers Limited has disclosed significant promoter shareholding changes through regulatory filings dated January 5, 2026, under SEBI Insider Trading Regulations. The transactions, executed during late December 2025, involved both purchases and sales by promoter group entities, resulting in a net increase in promoter holdings.

Promoter Purchase Transactions

The promoter group executed substantial share purchases totaling 35,466 shares worth ₹13.94 lakhs during the reporting period. Industrial Designs and Services Pvt. Ltd. dominated the buying activity, acquiring shares across multiple trading sessions.

Promoter Sale Transactions

Simultaneously, Managing Director Dillip Kumar Das executed share sales totaling 33,092 shares valued at ₹12.20 lakhs over three consecutive trading days.

Shareholding Position Changes

The transactions resulted in notable changes to individual promoter holdings. Dillip Kumar Das reduced his stake from 17.68% to 17.32%, representing a decrease of 0.36 percentage points. His shareholding declined from 1,618,191 shares to 1,585,099 shares following the sales.

Oricon Industries Pvt. Ltd. maintained its 11.86% shareholding percentage despite purchasing additional shares, increasing its holding from 1,084,890 shares to 1,085,915 shares. Industrial Designs and Services Pvt. Ltd. enhanced its position from 3.90% to 4.27%, with shareholding rising from 356,842 shares to 391,283 shares.

Transaction Details and Compliance

All transactions were executed through on-market purchases and sales during regular trading hours. The company filed the mandatory disclosure forms under Regulation 7(2) of SEBI Insider Trading Regulations, ensuring full regulatory compliance. The filings included detailed Form C submissions for each promoter entity involved in the transactions.

Net Impact Analysis

The combined transactions resulted in net promoter buying of 2,374 shares (35,466 purchases minus 33,092 sales) with a net cash outflow of ₹1.74 lakhs. This activity demonstrates continued promoter confidence while allowing for portfolio rebalancing among different promoter entities. The transactions were completed between December 23-30, 2025, with formal disclosure made on January 5, 2026.