Turner Industries Limited Reports Q3FY26 Net Loss of ₹0.31 Lakhs
Turner Industries Limited reported a net loss of ₹0.31 lakhs for Q3FY26 ended December 31, 2025, compared to ₹0.30 lakhs loss in Q3FY25. The nine-month loss improved to ₹1.25 lakhs from ₹1.28 lakhs in the previous year. The company reported no operational income and maintained equity share capital of ₹401.31 lakhs with negative reserves of ₹386.28 lakhs.
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Turner Industries Limited announced its unaudited financial results for the third quarter ended December 31, 2025, showing continued losses despite marginal improvement in nine-month performance. The Board of Directors approved these results at their meeting held on February 11, 2026.
Financial Performance Overview
The company's financial performance for Q3FY26 reflects ongoing challenges with no operational income generation.
| Metric | Q3FY26 | Q3FY25 | Q2FY26 | Change (YoY) |
|---|---|---|---|---|
| Total Income from Operations | - | - | - | - |
| Net Loss After Tax | (₹0.31 lakhs) | (₹0.30 lakhs) | (₹0.64 lakhs) | -3.33% |
| Total Expenses | ₹0.31 lakhs | ₹0.30 lakhs | ₹0.64 lakhs | 3.33% |
| Earnings Per Share (Basic & Diluted) | (₹0.01) | (₹0.01) | (₹0.02) | - |
Nine-Month Performance
For the nine-month period ended December 31, 2025, Turner Industries showed slight improvement compared to the previous year.
| Parameter | 9M FY26 | 9M FY25 | Change |
|---|---|---|---|
| Net Loss After Tax | (₹1.25 lakhs) | (₹1.28 lakhs) | +2.34% |
| Total Comprehensive Income | (₹1.25 lakhs) | (₹1.28 lakhs) | +2.34% |
| Earnings Per Share | (₹0.03) | (₹0.03) | - |
Balance Sheet Position
As of December 31, 2025, the company's financial position showed the following key metrics:
| Assets & Liabilities | Dec 31, 2025 | Mar 31, 2025 |
|---|---|---|
| Total Assets | ₹50.68 lakhs | ₹50.80 lakhs |
| Cash and Cash Equivalents | ₹0.69 lakhs | ₹0.81 lakhs |
| Deferred Tax Assets | ₹46.69 lakhs | ₹46.69 lakhs |
| Total Liabilities | ₹39.24 lakhs | ₹38.40 lakhs |
| Borrowings (Loan from Director) | ₹38.94 lakhs | ₹37.80 lakhs |
| Total Equity | ₹11.44 lakhs | ₹12.39 lakhs |
Capital Structure
Turner Industries maintained a stable capital structure during the quarter:
- Equity Share Capital: ₹401.31 lakhs (40,13,100 equity shares of ₹10 each)
- Reserves: Negative ₹386.28 lakhs (excluding revaluation reserves)
- Authorized Share Capital: ₹500.00 lakhs (50,00,000 equity shares of ₹10 each)
Business Operations
The company reported no income from operations during the quarter, with total expenses of ₹0.31 lakhs comprising entirely of other expenses. Turner Industries is engaged in the property development business and operates as a single reportable segment under Ind AS 108.
Regulatory Compliance
The financial results were prepared in accordance with Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013. The results were reviewed by the Audit Committee and approved by the Board of Directors, with a limited review conducted by statutory auditors A. John Moris & Co, Chartered Accountants.
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