GKB Ophthalmics Limited has reported a remarkable turnaround in its Q3FY26 financial performance, posting a standalone profit of ₹98.08 lakhs for the quarter ended December 31, 2025, compared to a loss of ₹16.74 lakhs in the corresponding quarter of the previous year. The company's Board of Directors approved these unaudited financial results during their meeting held on February 12, 2026.

Standalone Financial Performance

The company's standalone operations showed mixed results with revenue declining but profitability improving significantly. Despite the revenue challenges, the company managed to control expenses effectively, leading to the positive bottom-line performance.

The improvement in profitability was supported by higher other income of ₹354.12 lakhs compared to ₹181.43 lakhs in Q3FY25. Total expenses decreased to ₹699.16 lakhs from ₹941.84 lakhs, reflecting better cost management across various expense categories.

Consolidated Results Show Strong Growth

The consolidated financial results presented an even more impressive picture, with the company reporting a profit of ₹70.72 lakhs in Q3FY26 against a loss of ₹190.53 lakhs in the same quarter last year.

The substantial increase in consolidated revenue was primarily driven by higher purchases of stock-in-trade, which rose to ₹3,943.26 lakhs from ₹1,507.07 lakhs, indicating expanded trading activities across the group's operations.

Nine-Month Performance and Subsidiary Liquidation

For the nine months ended December 31, 2025, the standalone operations reported a loss of ₹168.48 lakhs compared to ₹362.84 lakhs in the corresponding period of FY25, showing significant improvement. The consolidated nine-month results showed a profit of ₹190.77 lakhs versus a loss of ₹295.04 lakhs in the previous year.

A significant development during the period was the voluntary liquidation of GSV Ophthalmics Private Limited, the company's material subsidiary. The company received ₹7.95 crores against its total investment of ₹11.70 crores by December 31, 2025. Subsequently, the remaining balance of ₹3.75 crores and a net dividend of ₹62.74 lakhs were received in January and early February 2026.

Legal and Regulatory Updates

The company disclosed that it faces a recovery order of ₹8.82 crores from the Labour Commissioner, Industrial Tribunal cum Labour Court, Panaji, Goa. GKB Ophthalmics is challenging this order and plans to file a writ petition before the High Court seeking appropriate relief once the recovery certificate is issued.

Additionally, the company recognized an incremental employee benefit expense of ₹29.59 lakhs during Q3FY26 due to the implementation of new Labour Codes notified by the Government of India on November 21, 2025, specifically related to past service cost for gratuity liability.

Business Operations and Outlook

GKB Ophthalmics operates primarily in manufacturing and trading of unfinished ophthalmic lenses made of plastic. The company's operations are reviewed as a single operating segment by the Chief Operating Decision Maker. The paid-up equity share capital remained stable at ₹504.06 lakhs with a face value of ₹10 per share throughout the reporting periods.

GKB Ophthalmics Ltd has submitted an insider trading disclosure to the Bombay Stock Exchange, reporting share acquisitions by a promoter group entity. The disclosure was filed on December 30, 2025, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.

Transaction Details

Krishna Gopal Gupta & Sons (HUF), a promoter group entity, purchased equity shares of GKB Ophthalmics through market transactions between November 20 and December 10, 2025. The following table summarizes the key transaction parameters:

Regulatory Compliance

The company noted that while the transaction value did not exceed the threshold limit prescribed under Regulation 7(2) of SEBI's Prohibition of Insider Trading Regulations, 2015, the disclosure was filed as a good corporate governance measure. The filing was made pursuant to Regulation 7(2) read with Regulation 6(2) of the PIT Regulations, 2015.

Shareholding Changes

According to the detailed disclosure form, Krishna Gopal Gupta & Sons (HUF) executed multiple transactions during the specified period. The entity's shareholding increased through several purchases:

• Initial holding: 296,141 shares (5.87%)
• Final holding after all transactions: 300,053 shares (5.94%)
• Net increase: 3,912 shares

Corporate Governance Commitments

K.G. Gupta, Karta of Krishna Gopal Gupta & Sons HUF, provided undertakings as part of the disclosure process. The entity committed to preserve transaction proofs and payment details for three years from the transaction date and agreed to hold the acquired securities for a minimum period of six months. Any urgent sale within this period would require prior approval from the company's Compliance Officer.

Company Information

GKB Ophthalmics Ltd, incorporated with CIN L26109GA1981PLC000469, operates from its facility at Tivim Industrial Estate, Mapusa, Goa. The company's shares trade on BSE under scrip code 533212 with ISIN INE265D01015. Company Secretary Pooja Bicholkar signed the disclosure filing on behalf of the company.