Modern dairies Limited announced its unaudited financial results for the third quarter of fiscal year 2026, covering the period ended December 31, 2025. The Board of Directors approved these results during their meeting held on February 14, 2026, in Chandigarh, following review and recommendation by the Audit Committee.

Financial Performance Overview

The company's Q3FY26 performance reflected mixed results across key financial metrics. Net profit for the quarter declined to ₹121.65 lacs compared to ₹169.23 lacs in the preceding quarter, representing a sequential decrease of 28.1%. Revenue from operations also showed a downward trend, falling to ₹8,748.20 lacs from ₹8,195.85 lacs in Q2FY26.

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, Modern Dairies Limited demonstrated resilience despite quarterly fluctuations. The company achieved revenue from operations of ₹24,774.33 lacs compared to ₹25,703.31 lacs in the corresponding period of the previous year. Net profit for the nine-month period stood at ₹455.94 lacs, significantly lower than ₹6,510.38 lacs in the previous year, primarily due to exceptional items recorded in the prior period.

Operational Cost Structure

The company's expense management showed mixed trends during Q3FY26. Cost of materials consumed increased to ₹6,754.88 lacs from ₹6,537.48 lacs in the preceding quarter. Employee benefits expense remained relatively stable at ₹401.25 lacs compared to ₹407.38 lacs in Q2FY26. Finance costs rose to ₹31.38 lacs from ₹26.40 lacs, while other expenses decreased to ₹1,016.36 lacs from ₹1,092.43 lacs in the previous quarter.

Earnings Per Share and Capital Structure

Earnings per share (basic) for Q3FY26 improved significantly to ₹24.84 compared to ₹1.78 in the preceding quarter. The diluted earnings per share also increased to ₹24.84 from ₹1.66 in Q2FY26. The company maintained its paid-up equity share capital at ₹2,565.89 lacs throughout the reporting periods.

Legal and Regulatory Matters

The company continues to address ongoing legal proceedings related to Milk Cess liability under the Haryana Murrah Buffalo and other Milch Animal Breed Act, 2001. Modern Dairies Limited has filed a Special Leave Petition before the Supreme Court and received an interim stay in September 2012. The company has provided ₹15.75 lacs for Milk Cess provision in the current quarter, bringing the total provision to ₹21.74 crores as of December 31, 2025. Out of this amount, ₹9.91 crores has already been deposited as per court orders.

Business Operations and Compliance

Modern Dairies Limited operates primarily in the manufacturing of milk and milk products, which constitutes a single primary reportable segment under Indian Accounting Standards. The financial results have been prepared in accordance with Ind-AS as prescribed under Section 133 of the Companies Act 2013 and SEBI guidelines. The statutory auditors have completed their limited review of the quarterly results and issued their report, which is available on the company's website at www.moderndairies.com .

Modern dairies Limited has announced that its Board of Directors will convene on February 14, 2026, to review and approve the company's unaudited financial results for the third quarter of fiscal year 2026. The meeting represents a key milestone in the company's quarterly reporting cycle and regulatory compliance obligations.

Meeting Details and Agenda

The board meeting is scheduled to take place at the company's corporate office located at SCO 98-99, Sub City Centre, Sector 34, Chandigarh. The primary agenda includes consideration and approval of unaudited financial results for both the quarter and nine months ended December 31, 2025.

Regulatory Compliance

The announcement has been made in strict compliance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed companies to provide advance notice of board meetings where financial results will be considered. The company has formally communicated this information to BSE Limited, where Modern Dairies Limited shares are listed under scrip code 519287.

Corporate Communication

The notice, dated February 3, 2026, was signed by Shruti Joshi, Company Secretary and Compliance Officer of Modern Dairies Limited. The company has ensured transparency by making this information available on its official website at www.moderndairies.com , providing stakeholders with easy access to corporate announcements.

Company Background

Modern Dairies Limited operates from its registered office and works at PB No. 3, 136 KM, G.T. Road, Karnal, Haryana, while maintaining its corporate office in Chandigarh. The company, incorporated in 1992, carries the Corporate Identification Number L74899HR1992PLC032998 and trades on BSE with ISIN INE617B01011.

This board meeting announcement reflects the company's commitment to maintaining regular communication with stakeholders and adhering to prescribed regulatory timelines for financial disclosure.