Eureka Industries Limited announced its unaudited standalone financial results for the third quarter ended December 31, 2025, showing mixed performance with revenue growth offset by declining profitability compared to the previous year.

Quarterly Financial Performance

The company reported net profit of ₹35.55 lacs for Q3FY26, representing a significant decline of 54.8% compared to ₹78.68 lacs achieved in Q3FY25. Revenue from operations for the quarter stood at ₹3,412.64 lacs, showing sequential growth from ₹2,920.84 lacs in Q2FY26 but declining from ₹3,594.05 lacs in the corresponding quarter last year.

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, Eureka Industries demonstrated robust revenue growth of 118.4%, with revenue from operations reaching ₹10,084.54 lacs compared to ₹4,617.98 lacs in the corresponding period of the previous year. However, net profit for the nine-month period declined to ₹68.73 lacs from ₹166.38 lacs in the previous year.

Cost Structure and Operational Metrics

The company's primary expense component remains purchases of stock-in-trade, which totaled ₹3,298.27 lacs in Q3FY26 compared to ₹3,776.32 lacs in Q3FY25. Changes in inventories of stock-in-trade showed a positive impact of ₹74.03 lacs in the current quarter versus a negative ₹266.29 lacs in Q3FY25. Other expenses remained relatively controlled at ₹4.24 lacs for the quarter.

Tax Position and Capital Structure

Eureka Industries reported zero tax expenses for both the quarter and nine-month periods. The company explained that despite earning profits, it has substantial brought forward business losses and unabsorbed depreciation from prior years, which are being set off against current taxable income under Income Tax Act provisions. The paid-up equity share capital remained stable at ₹875.00 lacs with a face value of ₹10.00 per share.

Board Approval and Compliance

The financial results were reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on February 9, 2026, from 3:00 pm to 3:28 pm. The results have undergone limited review by statutory auditors V S S B & Associates, Chartered Accountants, in compliance with Regulation 33 of SEBI Listing Regulations.

Eureka Industries Limited , a Gujarat-based company, has released its financial results for the second quarter of the fiscal year 2025-26, revealing a significant downturn in its revenue and profitability. The company's performance shows a notable decline across key financial metrics, reflecting challenging market conditions.

Revenue and Profitability

The company's financial performance for Q2 FY26 and H1 FY26 is summarized in the following table:

All financial figures in ₹ crore, except Net Profit which is in ₹ crore for Q2 FY26 and Q1 FY26

Eureka Industries experienced a sharp 62.32% quarter-on-quarter decline in revenue from operations, which fell to ₹29.21 crore in Q2 FY26 from ₹75.40 crore in the previous quarter. The half-yearly figures also indicate a significant year-on-year decrease of 33.87% in revenue, with H1 FY26 recording ₹67.71 crore compared to ₹102.39 crore in H1 FY25.

The company's net profit for Q2 FY26 stood at ₹0.25 crore, down 25.07% from ₹0.33 crore in the previous quarter. This decline in profitability, although substantial, was not as severe as the drop in revenue, suggesting some level of cost management by the company.

Expense Management

Total expenses for Q2 FY26 were reported at ₹20.99 crore, a significant reduction of 71.67% compared to ₹74.08 crore in Q1 FY26. This substantial decrease in expenses, which outpaced the decline in revenue, indicates that the company may have implemented cost-cutting measures to mitigate the impact of reduced sales on its bottom line.

Liquidity Position

Despite the overall decline in financial performance, Eureka Industries reported an improvement in its cash position. The company's cash and cash equivalents increased to ₹0.27 crore from ₹0.25 crore at the beginning of the period, representing a modest improvement in liquidity.

Corporate Governance

The quarterly results were reviewed by the Audit Committee and subsequently approved by the Board of Directors in their meeting held on November 5, 2025. This process ensures compliance with regulatory requirements and maintains transparency in financial reporting.

The company has also confirmed that it will submit the integrated filing of financials in XBRL format, as per the SEBI circular dated December 31, 2024, demonstrating its commitment to regulatory compliance and transparency.

As Eureka Industries navigates through these challenging times, stakeholders will be keenly watching how the company plans to address the significant revenue decline and what strategies it may employ to improve its financial performance in the coming quarters.