Multiple Companies Including Euro Panel Products and Baba Arts Announce Q3 FY26 Results
Several Indian companies announced their Q3 FY26 unaudited financial results for the quarter ended December 31, 2025, under SEBI regulatory compliance. Key performers include Black Box Limited with consolidated total income of ₹1,659.58 crores and Baba Arts Limited reporting total income of ₹287.08 lakhs, while companies adapt to new labour code implementations.

*this image is generated using AI for illustrative purposes only.
Multiple Indian companies have announced their unaudited financial results for the third quarter of fiscal year 2026, covering the period ended December 31, 2025. The announcements came as part of regulatory compliance under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Max Financial Services Results Announcement
Max Financial Services announced that its Board of Directors approved the unaudited financial results for the quarter and nine months ended December 31, 2025, during a meeting held on February 11, 2026. The company made the results available on stock exchange websites and its corporate portal for stakeholder access.
Black Box Limited Financial Performance
Black Box Limited delivered detailed consolidated and standalone financial results for Q3 FY26. The company's performance metrics demonstrate varied operational outcomes across different business segments.
Consolidated Financial Results
| Particulars: | Q3 FY26 | Q2 FY26 | Q3 FY25 | 9M FY26 | 9M FY25 |
|---|---|---|---|---|---|
| Total Income: | ₹1,659.58 crores | ₹1,584.59 crores | ₹1,501.72 crores | ₹4,630.91 crores | ₹4,422.33 crores |
| Net Profit (After Tax): | ₹49.68 crores | ₹55.65 crores | ₹56.08 crores | ₹152.76 crores | ₹144.31 crores |
| EBITDA: | ₹146.91 crores | ₹142.75 crores | ₹133.51 crores | ₹405.91 crores | ₹382.83 crores |
| Basic EPS: | ₹2.92 | ₹3.28 | ₹3.33 | ₹8.98 | ₹8.58 |
Standalone Financial Results
| Particulars: | Q3 FY26 | Q2 FY26 | Q3 FY25 | 9M FY26 | 9M FY25 |
|---|---|---|---|---|---|
| Total Income: | ₹102.87 crores | ₹116.77 crores | ₹87.13 crores | ₹295.63 crores | ₹252.40 crores |
| Net Profit (After Tax): | ₹(1.34) crores | ₹3.23 crores | ₹1.46 crores | ₹3.05 crores | ₹(3.59) crores |
| EBITDA: | ₹4.05 crores | ₹8.14 crores | ₹3.54 crores | ₹14.52 crores | ₹2.77 crores |
Additional Company Announcements
Euro Panel Products Limited
Euro Panel Products Limited announced that its Board of Directors approved the unaudited standalone and consolidated financial results for the quarter ended December 31, 2025, during a meeting held on February 12, 2026. The results have been reviewed by the Audit Committee and are available on stock exchange websites and the company's investor relations webpage.
Baba Arts Limited Financial Performance
Baba Arts Limited reported its standalone unaudited financial results for Q3 FY26, showing operational performance across key metrics:
| Particulars: | Q3 FY26 | 9M FY26 | FY25 |
|---|---|---|---|
| Total Income from Operations: | ₹287.08 lakhs | ₹1,022.97 lakhs | ₹688.53 lakhs |
| Net Profit After Tax: | ₹5.18 lakhs | ₹54.86 lakhs | ₹143.84 lakhs |
| Total Comprehensive Income: | ₹5.02 lakhs | ₹54.64 lakhs | ₹140.02 lakhs |
| Basic EPS: | ₹0.010 | ₹0.105 | ₹0.274 |
The results were approved by the Board of Directors on February 11, 2026, following review by the Audit Committee.
Other Company Results
Natura Hue Chem Limited announced Board approval of unaudited standalone financial results on February 12, 2026, with results posted on company and BSE websites.
New Era Alkaloids and Exports Limited reported Board approval of unaudited standalone financial results on February 12, 2026, with results available on company website and MSEI Limited portal.
VAS Infrastructure Limited announced standalone unaudited financial results, noting the company remains under Corporate Insolvency Resolution Process (CIRP) with Resolution Professional oversight.
CNH Industrial Capital Performance
CNH Industrial Capital (India) Private Limited reported financial metrics for Q3 FY26:
| Key Metrics: | Q3 FY26 | Q3 FY25 | 9M FY26 | 9M FY25 |
|---|---|---|---|---|
| Total Income: | ₹765.52 million | ₹691.60 million | ₹2,085.48 million | ₹1,836.42 million |
| Net Profit (After Tax): | ₹176.69 million | ₹276.85 million | ₹381.91 million | ₹511.30 million |
| Net Worth: | ₹5,894.92 million | ₹5,441.77 million | ₹5,894.92 million | ₹5,441.77 million |
Regulatory Compliance Impact
All companies highlighted compliance with SEBI regulations and the implementation of New Labour Codes effective November 21, 2025, which consolidated 29 existing labour regulations into four comprehensive codes. Black Box Limited specifically noted an exceptional item impact of ₹5.55 crores related to increased employee benefit provisions under the new regulations.
The financial results demonstrate varied performance across sectors, with companies adapting to regulatory changes while maintaining operational efficiency. Results are available on respective company websites and stock exchange portals for detailed stakeholder review.
Historical Stock Returns for Max Financial Services
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.31% | +7.98% | +10.53% | +15.67% | +68.44% | +127.00% |


































