Scoobee Day Garments (India) Limited announced its unaudited standalone financial results for the third quarter and nine months ended December 31, 2025, showing significant deterioration in profitability compared to the previous year. The Kerala-based company, formerly known as Victory Paper And Boards (India) Limited, operates primarily in garments and aluminium roofing accessories segments.

Financial Performance Overview

The company's financial performance showed mixed results across different time periods:

Quarterly Results Analysis

For Q3FY26, revenue from operations declined significantly to ₹642.17 lakhs from ₹1,093.53 lakhs in Q3FY25, representing a 41.3% decrease. Other income also decreased to ₹15.19 lakhs from ₹22.61 lakhs in the corresponding quarter last year. Total expenses increased to ₹997.76 lakhs compared to ₹1,110.10 lakhs in Q3FY25, resulting in a loss before tax of ₹340.40 lakhs against a profit of ₹6.04 lakhs in the previous year.

Nine-Month Performance

Despite the quarterly decline, nine-month revenue showed growth of 8.0% to ₹2,680.33 lakhs from ₹2,480.72 lakhs in the corresponding period last year. However, total expenses increased substantially to ₹3,266.43 lakhs from ₹2,682.74 lakhs, leading to a loss before tax of ₹532.09 lakhs compared to a profit of ₹52.82 lakhs in 9MFY25.

Segment-wise Performance

The company operates through two main business segments:

The garments segment, which contributes the majority of revenue, experienced a significant decline in Q3FY26 but showed growth over the nine-month period. The aluminium roofing and accessories segment remained relatively stable.

Corporate Actions and Key Developments

During Q3FY26, the company successfully completed a rights issue in the ratio of 1:3, issuing 34,20,028 fully paid-up equity shares of face value ₹10 each at ₹90 per share. The total proceeds of ₹30,78,02,520 were fully utilized for adjusting unsecured loans of group companies and general corporate purposes. The paid-up equity share capital increased to ₹1,692.00 lakhs from ₹1,350.00 lakhs.

The company also revalued its land and buildings during the quarter in accordance with Ind AS 16, resulting in an increase of ₹8,600.57 lakhs in carrying value. The revaluation surplus net of deferred tax of ₹6,435.98 lakhs was recognized in Other Comprehensive Income.

Operational Metrics

Total comprehensive loss for Q3FY26 was ₹255.76 lakhs compared to comprehensive income of ₹7.07 lakhs in Q3FY25. For the nine-month period, total comprehensive loss stood at ₹400.66 lakhs against comprehensive income of ₹43.99 lakhs in the previous year. The company's other equity position remained at ₹(856.90) lakhs as of the reporting period.

The Board of Directors approved these results in their meeting held on February 12, 2026, which commenced at 12:00 PM and concluded at 2:15 PM. The results were subject to limited review by statutory auditors Varma & Varma, Chartered Accountants.

Scoobee Day Garments (India) Limited has announced that its promoters plan to divest a portion of their shareholding to comply with minimum public shareholding requirements. The disclosure was made in accordance with SEBI regulations governing listed companies.

Promoter Share Sale Details

The company's promoters, Boby M. Jacob and Minni Boby Jacob, have disclosed their intention to sell equity shares in the open market. The sale is structured to meet regulatory compliance requirements under various SEBI guidelines and securities regulations.

Regulatory Compliance Framework

The share sale is being undertaken to comply with minimum public shareholding requirements as mandated by securities regulations. The transaction falls under the purview of multiple regulatory frameworks including Rule 19A(1) of the Securities Contract Regulations Rules, 1957, and Regulation 38 of the SEBI LODR Regulations.

The promoters have confirmed that the sale will be executed within a period not exceeding 12 months from the announcement date. Additionally, they have undertaken not to purchase any shares in the open market on dates when shares are being sold by them.

Sale Execution Parameters

The divestment will be carried out in the open market through one or more tranches, ensuring compliance with trading volume restrictions. The promoters have confirmed that the amount of shares to be sold will not exceed the trading volume of the company's shares during the preceding 12 months.

Promoter Information

Both promoters are based in Kerala, with their registered address at Meckamkunnel House, Vilangu P.O, Ernakulam, Kerala-683564. The disclosure has been made in accordance with Clause 7(ii) of Paragraph 3 of the SEBI Circular SEBI/HO/CFD/PoD2/P/CIR/2023/18 dated February 3, 2023.

Company Background

Scoobee Day Garments (India) Limited, formerly known as Victory Paper And Boards (India) Limited, is incorporated under CIN L27100KL1994PLC008083. The company's registered office is located in Kerala, while its manufacturing facility operates from Tamil Nadu.