Parshwanath Corporation Limited submitted its unaudited standalone financial results for the quarter and nine months ended December 31, 2025, revealing a challenging third quarter performance. The Ahmedabad-based construction and housing development company faced operational headwinds while maintaining overall profitability for the nine-month period.

Financial Performance Overview

The company's Q3FY26 results showed contrasting trends across different income streams and periods:

Nine-Month Performance Comparison

Despite the quarterly setback, the company's nine-month performance showed resilience:

Expense Analysis and Tax Impact

Total expenses for Q3FY26 increased to Rs. 21.24 lakhs from Rs. 19.44 lakhs in the previous year quarter. Employee benefit expenses rose to Rs. 14.11 lakhs compared to Rs. 10.29 lakhs year-over-year. The company benefited from an impairment gain of Rs. 9.61 lakhs on financial assets during the quarter.

A significant factor affecting quarterly profitability was the substantial tax burden of Rs. 19.01 lakhs, which included Rs. 11.87 lakhs as adjustment of earlier years taxes. This compared to just Rs. 1.20 lakhs in tax expenses during Q3FY25.

Earnings Per Share and Capital Structure

The company reported a basic and diluted loss per share of Rs. (0.25) for Q3FY26, contrasting with earnings per share of Rs. 0.24 in the corresponding quarter of the previous year. The paid-up equity share capital remained stable at Rs. 313.18 lakhs with a face value of Rs. 10 per share.

Regulatory Compliance and Business Segment

The financial results were prepared in accordance with Indian Accounting Standards and reviewed by the Audit Committee before Board approval on February 13, 2026. The company operates in a single segment focused on construction and development of housing projects. Management has evaluated the impact of new labour codes that became effective on November 21, 2025, and incorporated the estimated financial impact in the current results.

Parshwanath Corporation Limited , a company engaged in the construction and development of residential projects, has reported a significant upturn in its financial performance for the first quarter. The Board of Directors approved the unaudited financial results at a meeting held on August 12.

Financial Highlights

• Revenue Surge: The company's total income stood at ₹38.44 lakhs, marking a substantial increase of 72.6% compared to ₹22.27 lakhs in the previous quarter.
• Profit Boost: Net profit reached ₹9.19 lakhs, a remarkable improvement from ₹0.53 lakhs in the preceding quarter.
• Earnings Per Share: Basic earnings per share (EPS) was reported at ₹0.29.

Quarterly Performance Comparison

Key Observations

1. Quarter-on-Quarter Growth: The results show a significant improvement over the previous quarter in both revenue and profitability.

2. Operational Efficiency: Despite lower revenue compared to the same quarter last year, the company has maintained profitability, suggesting improved operational efficiency or cost management.

3. Segment Reporting: Parshwanath Corporation Limited continues to operate in a single reportable segment - construction and development of residential projects.

4. Board Approval: The financial results were reviewed by the Audit Committee and subsequently approved by the Board of Directors at their meeting, which commenced at 4:00 PM and concluded at 6:35 PM on August 12.

5. Regulatory Compliance: The company has submitted its unaudited financial results along with a limited review report in accordance with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Parshwanath Corporation's latest quarterly results demonstrate a recovery trend, with significant quarter-on-quarter growth in both revenue and profitability. However, the year-on-year comparison indicates that the company is still working towards reaching its previous year's performance levels. Investors and stakeholders will likely be watching closely to see if this positive momentum continues in the coming quarters.