Radiant Cash Management Services Q3FY26 Results: Revenue Declines 2.7% YoY to ₹1,027.33 Million
Radiant Cash Management Services Limited reported Q3FY26 results with standalone revenue declining 2.7% YoY to ₹1,027.33 million and net profit dropping 18.0% to ₹100.45 million. Consolidated revenue showed better performance, growing 6.9% to ₹1,238.83 million. The Board approved additional corporate guarantees of up to ₹200 million for subsidiary Aceware Fintech Services Private Limited to support its credit facility requirements.

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Radiant Cash Management Services Limited announced its unaudited financial results for the third quarter of FY26, ending December 31, 2025. The cash logistics services company reported mixed performance with standalone revenue declining year-over-year while consolidated operations showed growth.
Standalone Financial Performance
The company's standalone operations faced headwinds during Q3FY26, with revenue from operations declining to ₹1,027.33 million compared to ₹1,056.17 million in Q3FY25, marking a 2.7% decrease. Sequential performance showed marginal improvement from ₹1,001.03 million in Q2FY26.
| Metric | Q3FY26 | Q3FY25 | Change (%) |
|---|---|---|---|
| Revenue from Operations | ₹1,027.33 million | ₹1,056.17 million | -2.7% |
| Total Income | ₹1,052.03 million | ₹1,072.99 million | -2.0% |
| Net Profit | ₹100.45 million | ₹122.47 million | -18.0% |
| EPS (Basic & Diluted) | ₹0.94 | ₹1.15 | -18.3% |
Net profit after tax declined significantly to ₹100.45 million from ₹122.47 million in the corresponding quarter last year, representing an 18.0% decrease. The company's earnings per share also dropped to ₹0.94 from ₹1.15 in Q3FY25.
Nine-Month Performance Analysis
For the nine-month period ended December 31, 2025, standalone revenue from operations reached ₹3,012.47 million compared to ₹3,060.27 million in the same period last year. Net profit for the nine-month period stood at ₹292.70 million versus ₹356.29 million in the previous year, showing a decline in profitability.
Consolidated Results Show Growth
On a consolidated basis, the company demonstrated better performance with revenue from operations increasing to ₹1,238.83 million in Q3FY26 from ₹1,158.91 million in Q3FY25, marking a 6.9% growth. Consolidated net profit attributable to owners increased to ₹109.44 million from ₹133.54 million in the previous year.
| Consolidated Metrics | Q3FY26 | Q3FY25 | Change (%) |
|---|---|---|---|
| Revenue from Operations | ₹1,238.83 million | ₹1,158.91 million | +6.9% |
| Net Profit (Owners) | ₹109.44 million | ₹133.54 million | -18.1% |
| EPS (Basic & Diluted) | ₹1.03 | ₹1.39 | -25.9% |
Corporate Guarantee Approval
The Board of Directors approved the issuance of additional corporate guarantees up to ₹200 million for subsidiary Aceware Fintech Services Private Limited. These guarantees will secure credit facilities from various banks and financial institutions to meet the subsidiary's growing funding requirements.
| Guarantee Details | Specifications |
|---|---|
| Amount | Up to ₹200 million |
| Beneficiary | Aceware Fintech Services Private Limited |
| Purpose | Credit facilities from Banks/FIs |
| Nature | Additional corporate guarantee |
Operational Highlights
The company continues to focus on its core cash logistics services segment, which remains its primary reportable segment. Employee benefit expenses increased to ₹223.11 million in Q3FY26 from ₹210.77 million in Q3FY25 on a standalone basis. Finance costs rose significantly to ₹14.94 million from ₹5.54 million year-over-year, indicating higher borrowing costs.
The Board meeting was held on February 11, 2026, where these results were reviewed by the Audit Committee and approved. The statutory auditors issued unmodified review reports for both standalone and consolidated financial results.
Historical Stock Returns for Radiant Cash Management Services
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.00% | +6.49% | -5.45% | -8.77% | -25.79% | -53.72% |


































