Sharda Ispat Limited Reports Q3FY26 Financial Results with Revenue Decline
Sharda Ispat Limited announced Q3FY26 financial results showing revenue decline of 12.5% to ₹4,758.44 lakhs and net profit drop of 53.8% to ₹144.31 lakhs compared to previous year. The Board approved results on 3rd February 2026 under Regulation 33, with statutory auditors providing unqualified opinion.
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Sharda Ispat Limited has released its unaudited financial results for the third quarter and nine months ended 31st December 2025, revealing a challenging operational environment with declining revenues and profitability. The Board of Directors approved these results during their meeting held on 3rd February 2026 under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which commenced at 10:30 a.m. and concluded at 12:15 p.m.
Quarterly Financial Performance
The company's Q3FY26 performance showed significant variations compared to the previous year and sequential quarter. Revenue from operations declined year-on-year while showing substantial improvement from the previous quarter.
| Metric: | Q3FY26 | Q2FY26 | Q3FY25 | YoY Change |
|---|---|---|---|---|
| Revenue from Operations: | ₹4,758.44 lakhs | ₹2,619.03 lakhs | ₹5,435.79 lakhs | -12.5% |
| Other Income: | ₹97.90 lakhs | ₹101.42 lakhs | ₹117.53 lakhs | -16.7% |
| Total Income: | ₹4,856.35 lakhs | ₹2,720.45 lakhs | ₹5,553.32 lakhs | -12.5% |
| Net Profit: | ₹144.31 lakhs | ₹12.93 lakhs | ₹312.64 lakhs | -53.8% |
The quarter witnessed a notable sequential recovery with revenue from operations increasing by 81.6% from Q2FY26, while net profit showed remarkable improvement of over 1,000% compared to the previous quarter.
Nine-Month Performance Analysis
The nine-month period ending 31st December 2025 reflected the broader challenges faced by the company throughout the fiscal year. Total revenue declined significantly compared to the corresponding period in the previous year.
| Parameter: | 9M FY26 | 9M FY25 | Change |
|---|---|---|---|
| Revenue from Operations: | ₹10,159.44 lakhs | ₹13,456.65 lakhs | -24.5% |
| Total Income: | ₹10,459.82 lakhs | ₹13,697.11 lakhs | -23.6% |
| Net Profit: | ₹185.62 lakhs | ₹658.12 lakhs | -71.8% |
| Total Comprehensive Income: | ₹237.65 lakhs | ₹664.23 lakhs | -64.2% |
Cost Structure and Operational Metrics
The company's cost management showed mixed results during Q3FY26. Cost of raw materials consumed stood at ₹3,670.52 lakhs, representing 77.1% of revenue from operations. Total expenses for the quarter amounted to ₹4,668.81 lakhs compared to ₹5,133.02 lakhs in Q3FY25.
| Expense Category: | Q3FY26 Amount |
|---|---|
| Employee Benefits Expense: | ₹82.28 lakhs |
| Finance Cost: | ₹65.18 lakhs |
| Depreciation and Amortisation: | ₹25.54 lakhs |
| Other Expenses: | ₹613.26 lakhs |
Earnings Per Share and Capital Structure
The company maintained its paid-up equity share capital at ₹507.68 lakhs with a face value of ₹10 per share. Earnings per share for Q3FY26 stood at ₹2.84 compared to ₹6.16 in Q3FY25. For the nine-month period, EPS was ₹3.66 against ₹12.96 in the corresponding previous period.
Regulatory Compliance and Board Approval
The financial results were prepared in accordance with Indian Accounting Standards (Ind AS) and the provisions of the Companies Act, 2013. The Audit Committee reviewed and recommended these results, which received an unqualified opinion from the statutory auditors Panpaliya Taori and Co. The company operates exclusively in the iron and steel segment, making Ind AS 108 regarding operating segments not applicable. The results have been published and made available on the company's website at shardaispat.com for stakeholder information. Company Secretary Amit B. Mundada communicated the board meeting outcome to BSE under scrip code 513548.
Historical Stock Returns for Sharda Ispat
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.69% | -1.13% | +3.08% | -34.83% | -37.08% | +113.35% |
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