Grand Foundry Q3 FY26 Unaudited Standalone Results: Net Loss Widens to ₹23.62 Lakhs
Grand Foundry Limited reported a net loss of ₹23.62 lakhs for Q3 FY26, up from ₹15.05 lakhs in Q3 FY25. The nine-month loss increased to ₹70.60 lakhs from ₹52.28 lakhs. Revenue from operations was not reported. The company has undergone a change in promoter group with new acquisitions by Rakesh Kumar Bansal and Gaurav Goyal.
The increased losses and lack of reported revenue are concerning. The change in promoters might bring future positive changes, but the immediate financial results are negative, impacting investor sentiment.
The company reported an increased net loss for both the quarter and the nine-month period, with no revenue from operations reported, indicating a negative financial performance.
Grand Foundry Limited announced its unaudited standalone financial results for the quarter and nine months ended December 31, 2025. The company reported a net loss of ₹23.62 lakhs for the quarter, a wider loss compared to the ₹15.05 lakhs in the same period last year. For the nine-month period ended December 31, 2025, the net loss stood at ₹70.60 lakhs, an increase from ₹52.28 lakhs in the corresponding period of the previous year.
Revenue from operations for the quarter and nine months was not reported, indicating a lack of operational income. Total expenses for the quarter were ₹23.62 lakhs, and for the nine-month period, they amounted to ₹70.60 lakhs. The company's earnings per share (EPS) for the quarter was ₹(0.08), and for the nine-month period, it was ₹(0.23).
The announcement also detailed a significant change in the company's promoter group. New promoters, Mr. Rakesh Kumar Bansal and Mr. Gaurav Goyal, acquired substantial equity stakes, leading to a change in control. The financial information and accounting records of the acquired entity are currently under review and reconciliation, with the financial impact to be accounted for in subsequent periods. The company is engaged in the business of Bright Steel Bars and operates under a single reporting segment.
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Grand Foundry Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Grand Foundry Limited. Read the original for the full detail.