Ruby mills Limited has announced its Q3FY26 financial results for the quarter ended December 31, 2025, presenting a mixed performance with revenue growth offset by profit decline. The Board of Directors approved the unaudited financial results in their meeting held on February 13, 2026.

Financial Performance Overview

The company's quarterly performance showed contrasting trends in revenue and profitability metrics:

Despite the revenue growth of 23.03%, the company experienced a significant decline in net profit, falling from ₹1,470.19 lakhs in Q3FY25 to ₹946.23 lakhs in Q3FY26. The earnings per share also decreased correspondingly from ₹4.40 to ₹2.83.

Nine-Month Performance Demonstrates Strength

The nine-month period ended December 31, 2025 revealed a more positive trajectory for the company:

The nine-month results demonstrated robust growth with revenue increasing by 43.64% and net profit rising by 23.61% compared to the corresponding period in the previous year.

Segment-wise Revenue Analysis

Ruby Mills operates through two primary business segments - Textiles and Real Estate. The segmental performance for Q3FY26 showed:

For the nine-month period, the textile segment generated revenue of ₹20,292.56 lakhs compared to ₹13,862.55 lakhs in the previous year, while the real estate segment contributed ₹3,228.66 lakhs versus ₹2,515.25 lakhs.

Key Financial Highlights

Several notable aspects emerged from the financial results:

• Other income for Q3FY26 was ₹499.63 lakhs, which included profit on sale of property amounting to ₹218.00 lakhs
• Finance costs increased significantly to ₹467.97 lakhs in Q3FY26 from ₹113.64 lakhs in Q3FY25
• The company reported fair value losses on unquoted equity instruments of ₹35.00 lakhs in Q3FY26
• Total comprehensive income for the quarter stood at ₹949.47 lakhs compared to ₹1,444.96 lakhs in the previous year

Regulatory and Corporate Developments

The company noted several important developments during the period. The Government of India consolidated 29 existing Labour Laws into four new Labour Codes effective from November 23, 2025, and Ruby Mills has assessed and accounted for the financial implications of these changes. Additionally, upon closure of the Development agreement with Mindset Estate Private Limited, the agreed premises now vest solely with Ruby Mills Limited.

The unaudited financial results were reviewed by statutory auditors CNK & Associates LLP and received an unmodified conclusion. The company maintains its paid-up equity share capital at ₹1,672.00 lakhs with a face value of ₹5 per share.

Ruby Mills Limited's Board of Directors has approved a strategic expansion into renewable energy through the incorporation of three wholly owned subsidiaries for a Solar Open Access project. The decision was taken during a board meeting held on January 19, 2026, marking the company's entry into the solar energy sector.

Board Meeting Details

The board meeting was conducted at shorter notice and had specific timing parameters:

Subsidiary Incorporation Strategy

The company has decided to create three special purpose vehicles specifically for the Solar Open Access project. These subsidiaries will be incorporated in Mumbai, India, and will serve as wholly owned entities under Ruby Mills Limited. The strategic rationale behind creating multiple subsidiaries is to provide the company with enhanced flexibility in managing the investment at later stages of the project development.

Regulatory Compliance Framework

The incorporation process will adhere to comprehensive regulatory requirements:

• Companies Act, 2013: Full compliance with incorporation provisions
• SEBI Listing Regulations 2015: Adherence to disclosure requirements under Regulation 30
• SEBI Circulars: Compliance with SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024
• Additional Guidelines: Following SEBI/HO/CFD/CFD-PoD-2/P/CIR/2025/25 dated February 25, 2025

Disclosure and Approval Process

The incorporation of these subsidiaries is subject to receipt of necessary regulatory approvals. Ruby Mills Limited has committed to making appropriate disclosures to stock exchanges once the proposed subsidiaries are formally incorporated. The company will provide detailed information as required under Regulation 30 of the SEBI Listing Regulations, ensuring transparency with stakeholders.

Strategic Implications

This move represents Ruby Mills Limited's diversification strategy into renewable energy, specifically solar power generation through the Open Access route. The creation of special purpose vehicles demonstrates a structured approach to project management and investment flexibility, allowing the company to optimize its solar energy investments based on market conditions and operational requirements.