Shah Foods Limited Reports Net Loss of ₹4.93 Lakhs in Q3 FY26 with Zero Revenue
Shah Foods Limited reported a net loss of ₹4.93 lakhs for Q3 FY26 ended December 31, 2025, with zero revenue from operations, marking a significant decline from Q3 FY25 when it recorded ₹52.03 lakhs in revenue. The nine-month period showed an accumulated loss of ₹10.78 lakhs with no operational revenue, compared to ₹6.43 lakhs loss on ₹148.62 lakhs revenue in the previous year. The company's earnings per share stood at -₹0.83 for the quarter, with total expenses of ₹4.93 lakhs primarily comprising employee benefits, finance costs, and other operational expenses.
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Shah Foods Limited has announced its unaudited standalone financial results for the third quarter of fiscal year 2026, ending December 31, 2025. The Ahmedabad-based food company reported challenging financial performance with zero revenue from operations and a net loss of ₹4.93 lakhs during the quarter.
Financial Performance Overview
The company's quarterly results reveal a stark contrast to the previous year's performance. While Shah Foods recorded no revenue from operations in Q3 FY26, the same quarter in the previous year had generated ₹52.03 lakhs in revenue from operations.
| Financial Metric: | Q3 FY26 | Q3 FY25 | Q2 FY26 |
|---|---|---|---|
| Revenue from Operations: | ₹0.00 lakhs | ₹52.03 lakhs | ₹0.00 lakhs |
| Total Income: | ₹0.00 lakhs | ₹52.03 lakhs | ₹0.00 lakhs |
| Net Loss: | ₹4.93 lakhs | ₹2.05 lakhs | ₹0.66 lakhs |
| Earnings Per Share: | -₹0.83 | -₹0.34 | -₹0.11 |
Expense Analysis
Despite having no operational revenue, the company incurred total expenses of ₹4.93 lakhs during the quarter. The expense breakdown shows:
- Employee benefit expenses: ₹1.72 lakhs (compared to ₹1.30 lakhs in Q3 FY25)
- Finance costs: ₹0.25 lakhs (up from ₹0.02 lakhs in Q3 FY25)
- Other expenses: ₹2.96 lakhs (marginally higher than ₹2.86 lakhs in Q3 FY25)
- Purchases of stock-in-trade: ₹0.00 lakhs (compared to ₹49.90 lakhs in Q3 FY25)
Nine-Month Performance
The nine-month period ended December 31, 2025, reflects the company's ongoing operational challenges. Shah Foods reported zero revenue from operations for the entire nine-month period, resulting in an accumulated net loss of ₹10.78 lakhs.
| Period Comparison: | 9M FY26 | 9M FY25 | Change |
|---|---|---|---|
| Revenue from Operations: | ₹0.00 lakhs | ₹148.62 lakhs | -100% |
| Total Expenses: | ₹10.78 lakhs | ₹155.05 lakhs | -93.05% |
| Net Loss: | ₹10.78 lakhs | ₹6.43 lakhs | +67.65% |
| Earnings Per Share: | -₹1.80 | -₹1.08 | -66.67% |
Corporate Governance and Compliance
The Board of Directors approved these unaudited financial results at their meeting held on January 22, 2026. The meeting commenced at 3:00 PM and concluded at 3:20 PM. Keshri & Associates, Chartered Accountants, the company's statutory auditors, conducted a limited review of the quarterly results and issued an unqualified review report.
Share Capital Details
Shah Foods Limited maintains a consistent equity structure with paid-up equity share capital of ₹59.75 lakhs, comprising shares with a face value of ₹10.00 each. The company operates as a single-segment business in the food industry, with its registered office located in Ahmedabad, Gujarat.
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