Incon Engineers Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2025, showing continued losses across both reporting periods. The Board of Directors approved these results during their meeting held on February 14, 2026.

Financial Performance Overview

The company's financial performance for the third quarter reflects ongoing challenges, with losses significantly widening compared to the previous year.

Quarterly Results Analysis

For the quarter ended December 31, 2025, Incon Engineers reported a net loss of ₹13.41 crore compared to a loss of ₹7.00 crore in the corresponding quarter of the previous year. This represents a substantial increase in losses year-over-year. The company's total income remained relatively stable at ₹3.81 crore compared to ₹3.82 crore in Q3 FY25.

Nine-Month Performance

The nine-month results show losses of ₹31.66 crore compared to ₹31.50 crore in the previous year, indicating a marginal increase in losses. Total income for the nine-month period decreased to ₹22.7 crore from ₹31.24 crore in the corresponding period of FY25.

Expense Structure

The company's total expenses for Q3 FY26 stood at ₹17.22 crore compared to ₹31.27 crore in Q3 FY25. Key expense components included:

• Employee benefit expenses: ₹8.86 crore
• Finance costs: ₹2.44 crore
• Other expenses: ₹6.58 crore
• Depreciation and amortization: ₹0.24 crore

Earnings Per Share and Capital Structure

The company reported basic and diluted earnings per share of ₹(0.31) for Q3 FY26 compared to ₹(0.16) for Q3 FY25. The paid-up equity share capital remained unchanged at ₹43.27 crore, consisting of equity shares with a face value of ₹10 each.

Regulatory Compliance

The financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) and were reviewed by the Audit Committee before Board approval. The results have undergone limited review by Brahmayya & Co., Chartered Accountants, the company's auditors, who confirmed compliance with SEBI listing regulations.

Incon Engineers Limited, a Hyderabad-based company, has reported a significant increase in its net loss for the second quarter of the fiscal year 2025-26. The company's financial performance shows a challenging period with declining revenue and increased losses.

Financial Highlights

Key Points

• Widened Losses: Incon Engineers reported a net loss of ₹14.07 lakhs for Q2 FY2026, compared to a loss of ₹4.19 lakhs in the previous quarter (Q1 FY2026).
• Revenue Generation: The company generated revenue from operations of ₹20.18 lakhs in Q2 FY2026, after no revenue in the previous quarter.
• Increased Expenses: Total expenses rose to ₹34.25 lakhs in Q2 FY2026 from ₹27.99 lakhs in Q1 FY2026.
• Half-Year Performance: For the half-year ended September 30, 2025, the company's cumulative loss stood at ₹18.26 lakhs.
• Earnings Per Share: The basic and diluted earnings per share for Q2 FY2026 was negative ₹0.33.

Expense Breakdown

The largest components of expenses for Q2 FY2026 were:

• 'Other Expenses' at ₹6.78 lakhs
• Employee benefit expenses at ₹8.59 lakhs

Balance Sheet Overview

As of September 30, 2025, Incon Engineers Limited reported:

The company's financial position indicates significant challenges, with liabilities exceeding assets and negative equity.

Management Approval

The Board of Directors approved these unaudited financial results at their meeting held on November 10, 2025. The results have undergone a limited review by the company's auditors.

Incon Engineers Limited continues to face financial difficulties, as evidenced by the widening losses and negative equity position. The company's ability to generate revenue in Q2 FY2026, after a non-revenue quarter, may be a positive sign, but the increased losses suggest ongoing operational challenges.