News Earnings Arur Footwear Limited Reports Q3FY26 Net Loss of ₹55.96 Lakhs, Receives BSE Approval for Name ChangeArur Footwear Limited Reports Q3FY26 Net Loss of ₹55.96 Lakhs, Receives BSE Approval for Name Change
Arur Footwear Limited reported a Q3FY26 net loss of ₹55.96 lakhs versus ₹19.85 lakhs in Q3FY25, despite generating revenue from operations of ₹2.89 lakhs for the first time. Nine months net loss increased to ₹97.02 lakhs from ₹66.13 lakhs year-on-year. The company received BSE approval for name change from SR Industries Limited to Arur Footwear Limited, marking a significant corporate development during the quarter.
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Arur Footwear Limited (formerly SR Industries Limited) has announced its unaudited standalone financial results for the quarter and nine months ended December 31, 2025. The company, which has been rehabilitated from Corporate Insolvency Resolution Process, reported significantly higher losses despite generating operational revenue for the first time in recent quarters.
Financial Performance Overview
The company's financial performance for Q3FY26 shows mixed developments, with operational revenue generation offset by substantial losses:
| Metric | Q3FY26 | Q3FY25 | Change |
|---|---|---|---|
| Revenue from Operations | ₹2.89 lakhs | ₹0.00 lakhs | New revenue stream |
| Total Revenue | ₹2.89 lakhs | ₹0.04 lakhs | +7,125% |
| Net Loss | ₹55.96 lakhs | ₹19.85 lakhs | +182% |
| Basic EPS | ₹(0.28) | ₹(0.10) | -180% |
Nine Months Performance Analysis
For the nine months ended December 31, 2025, Arur Footwear's financial metrics demonstrate the company's operational challenges:
| Parameter | 9M FY26 | 9M FY25 | Variance |
|---|---|---|---|
| Revenue from Operations | ₹7.26 lakhs | ₹0.00 lakhs | New operations |
| Total Revenue | ₹7.26 lakhs | ₹0.38 lakhs | +1,810% |
| Net Loss | ₹97.02 lakhs | ₹66.13 lakhs | +47% |
| Basic EPS | ₹(0.49) | ₹(0.34) | -44% |
Expense Structure and Cost Analysis
The company's expense breakdown for Q3FY26 reveals significant operational costs. Total expenses reached ₹58.85 lakhs, with other expenses accounting for ₹43.98 lakhs, representing the largest cost component. Employee benefit expenses stood at ₹11.49 lakhs, while purchase of stock in trade amounted to ₹9.72 lakhs. The company benefited from a positive change in stock of ₹9.38 lakhs, indicating inventory build-up during the quarter.
Corporate Development: Name Change Approval
A significant corporate milestone was achieved during the quarter. The Board of Directors noted BSE Limited's approval for changing the company name from "SR Industries Limited" to "Arur Footwear Limited." This approval was communicated through BSE notice dated February 6, 2026, subject to compliance with applicable provisions of the Companies Act, 2013 and other statutory requirements.
Board Meeting and Regulatory Compliance
The Board of Directors meeting held on February 13, 2026, approved the unaudited standalone financial results along with the limited review report. The meeting commenced at 11:30 A.M. and concluded at 1:00 P.M. The financial results were prepared in accordance with Indian Accounting Standards (Ind AS) and reviewed by the company's audit committee. The company maintains a paid-up equity share capital of ₹1,967.35 lakhs with a face value of ₹10 per share, remaining unchanged across all reported periods.
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