Muller & Phipps India Limited announced its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, in compliance with Regulation 33 of SEBI Listing Obligations and Disclosure Requirements Regulations 2015. The Board of Directors approved these results at their meeting held on February 11, 2026, following recommendations from the Audit Committee.

Quarterly Performance Analysis

The company's Q3FY26 performance showed challenges compared to the previous year, with revenue declining and losses widening significantly.

The revenue decline was primarily attributed to lower sales performance, while other income remained relatively stable at ₹6.23 lakhs compared to ₹8.69 lakhs in Q3FY25. Total expenses increased to ₹183.92 lakhs from ₹172.03 lakhs, contributing to the widened losses.

Nine-Month Performance Turnaround

Despite quarterly challenges, the nine-month results demonstrated a significant turnaround in the company's financial performance.

The nine-month turnaround was significantly supported by higher other income of ₹119.71 lakhs compared to ₹21.30 lakhs in the corresponding period last year. This substantial increase in other income helped offset the marginal decline in operational revenue and contributed to achieving profitability.

Regulatory Compliance and Board Meeting Details

The Board meeting commenced at 4:30 PM and concluded at 6:40 PM on February 11, 2026. P V Mohan, Whole Time Director (DIN: 00195051), signed the regulatory filing submitted to Bombay Stock Exchange Limited under scrip code 501477. The company maintains its registered office at C-204, 2nd Floor, Madhava, Bandra Kurla Complex, Mumbai-400052.

Consolidated Results and Subsidiary Performance

The consolidated results showed similar trends with consolidated net loss of ₹38.66 lakhs for Q3FY26 compared to ₹12.00 lakhs in Q3FY25. The consolidated figures include results from two subsidiaries:

The consolidated accumulated losses stood at ₹245.79 lakhs with a negative net worth of ₹183.29 lakhs as of December 31, 2025.

Audit and Going Concern Assessment

Shankarlal Jain & Associates LLP, Chartered Accountants (Firm Registration No: 109901W/W100082), conducted a limited review of both standalone and consolidated results. Partner Kunal Padhya (Membership No: 160291) signed the audit reports with UDINs 26160291SZNNAJ5153 for standalone and 26160291SRFWJO7382 for consolidated results.

Despite accumulated losses of ₹244.81 lakhs and negative net worth of ₹182.31 lakhs, management assessed the company's ability to continue as a going concern and believes it appropriate to prepare financial statements on this basis. The auditors noted this matter but did not modify their conclusion, confirming no material misstatements were identified in the financial results prepared in accordance with Indian Accounting Standards.

Muller & Phipps India Limited has formally notified the stock exchange about an upcoming trading restriction period in accordance with regulatory requirements for the quarter ending December 31, 2025. The company issued this notice on December 24, 2025, to ensure compliance with insider trading regulations.

Trading Restriction Details

The trading restriction period has been scheduled with specific timelines to maintain market integrity during the financial results announcement phase.

Regulatory Compliance Framework

This trading restriction is implemented under Clause 4 of Schedule B of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015. The regulation mandates that companies establish trading windows and restriction periods to prevent insider trading activities during sensitive periods when unpublished price-sensitive information may be available.

The notice was signed by Milan Dalal, Director of the company (DIN: 00062453), and submitted to the Corporate Relationship Department of the stock exchange. The company's registered office is located at C-204, 2nd Floor, Madhava, Bandra Kurla Complex, Mumbai-400062, with CIN: L63090MH1917PLC007897.

Market Impact and Timeline

During the restriction period, trading activities in the company's shares will be limited to ensure fair market practices. The restriction will remain in effect until 48 hours after the official declaration of the unaudited financial results for the third quarter of fiscal year 2026, providing adequate time for market participants to absorb and react to the financial information in a fair manner.