Steel Strips Infrastructures Reports Q3FY26 Loss, Announces CFO Change
Steel Strips Infrastructures Limited reported Q3FY26 standalone net loss of ₹15.72 lakhs, showing marginal improvement from ₹16.55 lakhs loss in Q3FY25. Revenue from operations grew to ₹33.21 lakhs. Consolidated net loss increased significantly to ₹1,088.27 lakhs due to associate company impact. The company appointed Mr. Gourav Kumar as new CFO, replacing Shri Verinder Kumar Sood who resigned for personal reasons.
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Steel strips infrastructures Limited has announced its unaudited financial results for the quarter ended December 31, 2025, along with a significant management change at the senior level.
Financial Performance Q3FY26
The company reported mixed results for the third quarter, with revenue showing marginal growth while losses persisted across both standalone and consolidated operations.
| Metric: | Q3FY26 | Q3FY25 | Change |
|---|---|---|---|
| Revenue from Operations: | ₹33.21 lakhs | ₹32.17 lakhs | +3.23% |
| Total Income: | ₹33.23 lakhs | ₹32.48 lakhs | +2.31% |
| Net Loss (Standalone): | ₹15.72 lakhs | ₹16.55 lakhs | Reduced by 5.01% |
| Net Loss (Consolidated): | ₹1,088.27 lakhs | ₹632.78 lakhs | Increased by 72.01% |
| Earnings Per Share: | ₹(0.18) | ₹(0.19) | Marginal improvement |
For the nine months ended December 31, 2025, the company's standalone operations generated revenue of ₹102.24 lakhs compared to ₹95.77 lakhs in the corresponding period last year. However, the nine-month standalone net loss stood at ₹58.89 lakhs versus ₹76.04 lakhs in the previous year.
Expense Analysis
The company's expense structure for Q3FY26 showed total expenses of ₹48.95 lakhs compared to ₹49.03 lakhs in Q3FY25. Key expense components included:
- Employee benefits expense: ₹8.39 lakhs (down from ₹15.57 lakhs)
- Other expenses: ₹40.37 lakhs (up from ₹33.27 lakhs)
- Finance costs: ₹0.01 lakhs (unchanged)
- Depreciation: ₹0.18 lakhs (unchanged)
Leadership Change
The company announced a key management transition with immediate effect from February 13, 2026:
| Position: | Outgoing | Incoming |
|---|---|---|
| Chief Financial Officer: | Shri Verinder Kumar Sood | Mr. Gourav Kumar |
| Reason for Change: | Personal reasons | New appointment |
| Experience: | Not specified | 8+ years in finance and taxation |
| Qualifications: | Not specified | Chartered Accountant |
Mr. Gourav Kumar brings over 8 years of experience in finance, accounts, taxation, and commercial control to his new role. His appointment was approved by the Board of Directors during their meeting held on February 13, 2026.
Consolidated Results Impact
The consolidated results were significantly impacted by the company's associate, Malwa Chemtex Udyog Limited. The share of loss from associates was ₹1,072.55 lakhs for Q3FY26, substantially higher than the ₹616.23 lakhs loss in Q3FY25. However, for the nine-month period, the associate contributed a profit of ₹589.94 lakhs compared to a loss of ₹814.90 lakhs in the previous year.
Other Comprehensive Income
Both standalone and consolidated operations reported other comprehensive losses of ₹27.93 lakhs for Q3FY26, compared to ₹62.81 lakhs loss in the corresponding quarter last year. This resulted in total comprehensive losses of ₹43.65 lakhs (standalone) and ₹1,116.20 lakhs (consolidated) for the quarter.
The company's paid-up equity capital remained unchanged at ₹864.30 lakhs with a face value of ₹10 per share. The financial results were reviewed by the Audit Committee and approved by the Board of Directors on February 13, 2026.
Historical Stock Returns for Steel Strips Infrastructures
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +5.23% | -0.59% | -9.34% | -10.42% | -28.20% | +387.44% |
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