News Earnings Eurotex Industries Reports Q3FY26 Net Loss of ₹103.44 Crores Despite Revenue GrowthEurotex Industries Reports Q3FY26 Net Loss of ₹103.44 Crores Despite Revenue Growth
Eurotex Industries reported a net loss of ₹103.44 crores for Q3FY26 versus ₹77.08 crores loss in Q3FY25, though revenue from operations grew to ₹1.78 crores from ₹0.32 crores. For nine months, the company achieved a turnaround with ₹13.37 crores profit against ₹340.78 crores loss previously. Manufacturing operations remain suspended at Kolhapur since 2019, but management has settled bank dues and plans land development projects.
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Eurotex Industries and Exports Limited announced its unaudited financial results for the quarter ended 31st December, 2025, revealing mixed performance with increased losses in the latest quarter despite revenue growth. The company's Board of Directors approved these results in their meeting held on 9th February, 2026.
Financial Performance Overview
The company's quarterly performance showed contrasting trends across different metrics:
| Metric | Q3 FY26 | Q3 FY25 | Change |
|---|---|---|---|
| Revenue from Operations | ₹1.78 crores | ₹0.32 crores | +456% |
| Other Income | ₹45.72 crores | ₹182.00 crores | -75% |
| Total Income | ₹47.50 crores | ₹182.32 crores | -74% |
| Net Loss | ₹103.44 crores | ₹77.08 crores | -34% |
The significant decline in other income, which dropped from ₹182.00 crores to ₹45.72 crores, primarily contributed to the overall reduction in total income despite operational revenue growth.
Nine-Month Performance Analysis
For the nine-month period ended 31st December, 2025, Eurotex Industries demonstrated a remarkable turnaround:
| Parameter | 9M FY26 | 9M FY25 | Variance |
|---|---|---|---|
| Revenue from Operations | ₹10.27 crores | ₹65.23 crores | -84% |
| Net Profit/(Loss) | ₹13.37 crores | ₹(340.78) crores | Positive turnaround |
| Total Comprehensive Income | ₹(22.87) crores | ₹(290.23) crores | Improved |
The company achieved profitability for the nine-month period, marking a significant improvement from the substantial losses recorded in the previous year.
Operational Challenges and Strategic Developments
Eurotex Industries continues to navigate significant operational challenges. The company's manufacturing plants at Kolhapur have remained closed since 25th March, 2019, with formal closure announced on 30th March, 2022. The closure resulted from persistent labor issues and power disconnection problems.
Despite these challenges, management has taken several positive steps:
- Settled all dues with lender banks by borrowing from promoter group companies
- Planning future development of available land area at Kolhapur
- Filed writ petition before Hon'ble High Court, Mumbai regarding labor dues matter
Segment-wise Performance
The company operates in two reportable business segments:
| Segment | Q3 FY26 Revenue | Q3 FY25 Revenue |
|---|---|---|
| Textiles (Yarn) | ₹1.78 crores | ₹0.32 crores |
| Real Estate Development | Nil | Nil |
The textiles segment showed improved revenue generation, while the real estate development segment remained inactive during the quarter.
Financial Position and Outlook
The company's financial position reflects the ongoing challenges, with total assets of ₹2,874.75 crores and total liabilities of ₹5,773.52 crores as of 31st December, 2025. The paid-up equity share capital remains stable at ₹874.02 crores.
Earnings per share for the quarter stood at ₹(1.18) compared to ₹(0.88) in the previous year, while the nine-month period showed positive earnings per share of ₹0.15 against ₹(3.89) in the previous year.
The auditors have issued an unmodified opinion on the results while highlighting material uncertainty related to going concern, noting that the financial statements have been prepared on a going concern basis despite the company's operational challenges.
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