Patel Retail Limited has submitted its quarterly statement of deviation for the third quarter and nine months ended December 31, 2025, confirming no deviation in the utilisation of funds raised through public offerings. The statement was filed with BSE and NSE on February 2, 2026, in compliance with SEBI Regulation 32.

Fund Raising Details

The company raised funds through multiple modes, including its Initial Public Offering (IPO) and pre-IPO placement. The IPO was completed on August 22, 2025, while the pre-IPO placement was executed on November 27, 2024.

Fund Utilisation Status

The company has utilised Rs.184.69 crore out of the total Rs.205.48 crore raised, with no deviation from the original allocation plan. ICRA Limited serves as the monitoring agency for the fund utilisation.

Regulatory Compliance

The statement was filed pursuant to SEBI Listing Regulations and SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The company confirmed that there were no comments from the audit committee or auditors regarding the fund utilisation.

Key Highlights

• No deviation reported in fund utilisation for Q3 FY26
• Complete utilisation of allocated funds for debt repayment and working capital
• Partial utilisation of general corporate purpose allocation
• Compliance with all regulatory requirements maintained
• ICRA Limited continues as monitoring agency

The company has made the statement available on its investor relations website at patelrpl.in/investor-relations/ for stakeholder access. Patel Retail Limited trades on BSE with scrip code 544487 and on NSE with symbol PATELRMART.

Patel Retail Limited has announced its unaudited financial results for the third quarter ended December 31, 2025, showcasing remarkable growth across key financial metrics. The company's Board of Directors approved these results at their meeting held on February 2, 2026, demonstrating strong operational performance and strategic execution. Additionally, the company has scheduled an earnings conference call to discuss these results with stakeholders.

Outstanding Financial Performance

The company delivered exceptional growth across all major financial parameters during Q3FY26. Revenue from operations reached ₹309.27 crores compared to ₹228.31 crores in the corresponding quarter of the previous year, representing a robust 35.43% year-on-year growth.

Profitability Surge

Patel Retail's net profit performance was particularly impressive, reaching ₹12.00 crores in Q3FY26 compared to ₹6.13 crores in the corresponding quarter of the previous year. This represents a substantial 95.81% year-on-year increase, demonstrating the company's ability to effectively convert revenue growth into bottom-line improvements.

Q3FY26 Earnings Conference Call

Pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations 2015, Patel Retail Limited has announced a Q3FY26 earnings conference call scheduled for Monday, February 9, 2026 at 4:30 PM IST. The call will discuss the financial performance for the third quarter and nine months ended December 31, 2025.

Nine-Month Performance

For the nine months ended December 31, 2025, the company maintained strong momentum with revenue from operations of ₹714.17 crores compared to ₹601.02 crores in the corresponding period of the previous year. Net profit for the nine-month period stood at ₹29.07 crores against ₹18.10 crores in the previous year, reflecting consistent operational excellence.

IPO Fund Utilization

The company has effectively utilized the proceeds from its Initial Public Offering completed in August 2025. The IPO raised ₹217.11 crores through fresh issue of equity shares, with funds primarily allocated toward working capital requirements and debt repayment. As of December 31, 2025, ₹20.79 crores remains unutilized for general corporate purposes.

The company's strong financial performance, combined with the upcoming earnings call and effective capital deployment, positions Patel Retail favorably for continued growth and stakeholder engagement.