National Standard (India) Limited announced strong quarterly performance for Q3FY26, with net profit surging 51% year-on-year despite a significant decline in operational revenue. The real estate development company's Board of Directors approved the unaudited financial results for the quarter ended December 31, 2025, at their meeting held on January 19, 2026.

Financial Performance Highlights

The company's financial performance for Q3FY26 showed mixed results with profitability remaining robust despite operational challenges:

The company's net profit for Q3FY26 reached ₹325.24 crores, marking a substantial 51% increase from ₹215.35 crores reported in Q3FY25. This strong profitability was achieved despite revenue from operations declining by approximately 80% to ₹316.63 crores from ₹1,569.45 crores in the corresponding quarter of the previous year.

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, National Standard reported the following performance:

The nine-month results showed revenue from operations growing by 4.59% to ₹2,041.81 crores, while net profit declined by 11.51% to ₹849.58 crores compared to ₹960.05 crores in the same period last year.

Cost Management and Operational Efficiency

The company demonstrated effective cost management during Q3FY26. Total expenses decreased significantly to ₹322.74 crores from ₹1,666.25 crores in Q3FY25, primarily driven by lower cost of projects which fell to ₹312.12 crores from ₹1,553.90 crores. Other expenses also declined substantially to ₹7.98 crores from ₹110.61 crores in the corresponding quarter last year.

Corporate Developments

National Standard operates exclusively in the real estate development segment with operations confined to India. The company has an approved merger scheme with Lodha Developers Limited (formerly Macrotech Developers Limited) under Section 232 of the Companies Act, 2013. The scheme received approval from BSE Limited on December 30, 2025, and the company is currently in the process of filing the merger application with the NCLT Mumbai Bench.

Financial Position and Outlook

The company maintained a stable capital structure with paid-up equity share capital of ₹2,000.00 crores, consisting of shares with a face value of ₹10 each. The financial results were reviewed by the Audit Committee and subjected to limited review by statutory auditors MSKA & Associates LLP, who expressed an unmodified conclusion on the unaudited financial statements.

National Standard (India) Limited has issued a regulatory clarification to BSE Limited addressing unusual price movement in its shares following recent corporate developments. The communication, dated January 9, 2026, was submitted by Company Secretary and Compliance Officer Hitesh Marthak to the Corporate Relationship Department of BSE Limited.

Merger Approval Triggers Price Movement

The company has attributed the unusual share price movement to the exchange approval granted by BSE Limited for its merger with Lodha Developers Limited. This approval was granted on December 30, 2025, and appears to have resulted in significant trading activity in the company's scrip.

Regulatory Compliance Statement

In its communication to the exchange, National Standard (India) Limited has clarified that there is no new information or announcement that was required to be disclosed under regulatory frameworks. The company specifically stated that no information exists under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, that would warrant the observed price behavior in the company's shares.

Corporate Governance Details

The clarification was signed by Hitesh Marthak, who serves as the Company Secretary and Compliance Officer for National Standard (India) Limited. The document bears his digital signature dated January 9, 2026, at 19:04:15 +05'30', and references his membership number A18203.

Market Communication

The company's proactive communication to BSE Limited demonstrates adherence to regulatory requirements for addressing unusual market movements. By issuing this clarification, National Standard (India) Limited has fulfilled its obligation to inform the exchange about factors that may be influencing its share price performance, while confirming that no undisclosed material information exists that could explain the trading pattern.