Goyal Associates Reports Q3 FY26 Results, Announces Board Changes
Goyal Associates Limited reported Q3 FY26 results with revenue declining to ₹28.45 lakhs from ₹89.36 lakhs in the previous year, while net profit dropped to ₹4.89 lakhs from ₹31.02 lakhs. Nine-month revenue fell to ₹85.79 lakhs from ₹213.78 lakhs, with profit declining to ₹11.49 lakhs from ₹60.86 lakhs. The board appointed Mr. Gajjala Kranthikumar Reddy as Additional Independent Director for five years and accepted Mrs. Pragna Makwana's resignation due to medical reasons, both effective February 13, 2026.
*this image is generated using AI for illustrative purposes only.
Goyal Associates Limited announced its unaudited financial results for the third quarter of FY26 ended December 31, 2025, along with significant board changes during a meeting held on February 13, 2026. The financing company reported mixed performance with revenue declining compared to the previous year while maintaining profitability.
Financial Performance Overview
The company's quarterly performance showed a notable decline in revenue from operations. Total revenue from operations for Q3 FY26 stood at ₹28.45 lakhs, significantly lower than ₹89.36 lakhs reported in the corresponding quarter of the previous year. Despite the revenue decline, the company maintained profitability with a net profit of ₹4.89 lakhs compared to ₹31.02 lakhs in Q3 FY25.
| Metric | Q3 FY26 | Q3 FY25 | Change |
|---|---|---|---|
| Revenue from Operations | ₹28.45 lakhs | ₹89.36 lakhs | -68.2% |
| Total Expenses | ₹23.56 lakhs | ₹58.34 lakhs | -59.6% |
| Net Profit | ₹4.89 lakhs | ₹31.02 lakhs | -84.2% |
| Basic EPS | ₹0.01 | ₹0.07 | -85.7% |
Nine-Month Performance Analysis
For the nine-month period ended December 31, 2025, the company reported total revenue from operations of ₹85.79 lakhs against ₹213.78 lakhs in the corresponding period of the previous year. Net profit for the nine-month period declined to ₹11.49 lakhs from ₹60.86 lakhs in the previous year. The company's total expenses decreased proportionally to ₹74.30 lakhs from ₹153.03 lakhs, helping maintain operational efficiency despite lower revenues.
Board Composition Changes
The board approved two significant directorial changes during the meeting. Mr. Gajjala Kranthikumar Reddy was appointed as Additional Non-Executive Independent Director with effect from February 13, 2026, for a term of five consecutive years. The new director is a CA Inter pass-out with expertise in accounting, finance, taxation, and corporate compliance.
| Board Change Details | Information |
|---|---|
| New Appointment | Mr. Gajjala Kranthikumar Reddy |
| DIN | 10107498 |
| Position | Additional Independent Director |
| Term | 5 years from February 13, 2026 |
| Qualification | CA Inter with finance expertise |
Simultaneously, the board accepted the resignation of Mrs. Pragna Makwana as Woman Independent Director, effective from the same date. Mrs. Makwana cited medical reasons for her resignation in her formal letter to the company.
Operational Highlights
Goyal Associates Limited operates primarily in the financing business, with all activities centered around this core segment. The company maintains its operational base at Phoenix Complex, Waghodia Road, Vadodara, Gujarat. The financial results were reviewed by the Audit Committee before board approval, with RSRV & Associates serving as the statutory auditors for the limited review.
The company reported no investor complaints during the nine-month period, maintaining a clean record with nil pending, received, or disposed complaints. The paid-up equity share capital remained stable at ₹469.37 lakhs with shares of ₹10 each, reflecting consistent capital structure throughout the reporting period.
Historical Stock Returns for Goyal Associates
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | +5.56% | 0.0% | -13.64% | -31.16% | -65.20% |
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