Sapphire Foods Q3FY26 Results: Net Loss Widens; Appoints Kushal Agarwal as Director
Sapphire Foods reported a consolidated net loss of ₹48.08 crore for Q3FY26, widening from the previous year. Total revenue from operations was ₹8,138.29 crore. The company also appointed Mr. Kushal Agarwal as a Non-Executive Nominee Director. The Board meeting concluded on February 6, 2026.
The appointment of a new director with significant investing experience could positively influence future strategy, but the widened net loss is a concern for current performance.
The company reported a wider net loss in the current quarter compared to the same period last year, indicating a negative financial performance.
Sapphire Foods India Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025. The Board of Directors, in its meeting held on February 6, 2026, approved the financial results.
For the third quarter of FY26, the company reported a consolidated net loss after tax of ₹48.08 crore, compared to a profit of ₹127.32 crore in the same period last year. Total income from operations for the quarter stood at ₹8,138.29 crore. The nine-month period ended December 31, 2025, saw a consolidated net loss of ₹193.33 crore, against a profit of ₹146.80 crore in the prior year.
In addition to the financial results, the Board approved the appointment of Mr. Kushal Agarwal (DIN: 11528795) as an Additional Director in the capacity of Non-Executive Nominee Director, representing Sapphire Foods Mauritius Limited. This appointment is subject to shareholder approval via postal ballot. Mr. Agarwal brings 16 years of investing experience from firms like B Capital, Goldman Sachs, and ChrysCapital.
The Board meeting commenced at 12:30 p.m. and concluded at 01:30 p.m. on February 6, 2026. The financial results were reviewed and recommended by the Audit Committee and approved by the Board. The limited review reports were issued by M/s. Deloitte Haskins & Sells, Chartered Accountants.
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