Binny Limited Q3 FY26 Results: ₹19.08 Cr Revenue

Key takeaway

Binny Limited reported unaudited earnings for the third quarter and nine months ended December 31, 2025, with profitability supported by a sharp net income figure for the quarter. Alongside the financial update, the independent auditor issued a qualified conclusion focused on recoverability of advances to RRB Energy Limited and revenue recognition around the Sanklecha Infra project receivable.

What Binny reported for the December 2025 quarter

For the third quarter ended December 31, 2025, Binny Limited reported sales of ₹19.083 crore and revenue of ₹19.084 crore. Net income for the quarter stood at ₹11.548 crore. Basic earnings per share from continuing operations was ₹5.17, and diluted earnings per share from continuing operations was also ₹5.17.

The company’s disclosure separates “sales” and “revenue” but the two numbers for the quarter are effectively the same in value. The release presents these results as unaudited financial information for the period ended December 31, 2025.

Nine-month performance and year-on-year comparison

For the nine months ended December 31, 2025, sales were ₹42.920 crore, compared with ₹39.866 crore a year earlier. Revenue for the nine-month period came in at ₹44.435 crore, compared with ₹43.021 crore in the comparable period.

Net income for the nine months was ₹25.238 crore, compared with ₹16.405 crore a year ago. Basic EPS from continuing operations increased to ₹11.31 versus ₹7.35 a year earlier, and diluted EPS from continuing operations was also ₹11.31 versus ₹7.35.

Board meeting timeline and approvals mentioned

Binny Limited stated its board would meet on June 20, 2026, to consider and approve the unaudited financial results for the quarter ended December 31, 2025, in line with SEBI Listing Regulations. The same board-meeting schedule is reiterated as being meant to review performance for Q3FY26 and take the results on record.

Separately, the disclosure also states that the Board of Directors approved the unaudited financial results at a meeting held on June 3, 2026. The announcements, as presented, therefore include both a scheduled meeting date (June 20, 2026) and a stated approval date (June 3, 2026).

Auditor’s qualified conclusion: what was flagged

Venkatesh & Co., the independent auditor, issued a qualified conclusion in its review report under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The qualification was linked to two matters.

First, the auditor flagged advances made to RRB Energy Limited in earlier years. The company had advanced ₹29.1805 crore, and the auditor stated sufficient appropriate audit evidence supporting recoverability was not provided, with no impairment considered.

Second, the auditor highlighted revenue recognition and receivable issues connected to a sale agreement with M/s Sanklecha Infra Projects Private Ltd. The company did not recognise revenue of ₹19.12 crore, with the disclosure stating possession was handed over via a registered power of attorney. The auditor added it was unable to comment on completeness and appropriateness of revenue recognition or the correctness of the receivable balance due to lack of balance confirmation and unascertainable land costs in inventory.

Insolvency proceedings against RRB Energy

On the RRB Energy exposure, the company stated it has filed for insolvency proceedings against RRB Energy Limited before the National Company Law Tribunal (NCLT), New Delhi. The auditor’s qualification is tied to the lack of sufficient audit evidence on recoverability and the absence of impairment on the advance, as presented in the announcement.

This point matters for investors because recoverability assessments and impairment recognition can affect reported asset values and, depending on eventual outcomes, may influence future profit and loss recognition.

FY2025 audited snapshot cited in the announcement set

The broader announcement text also references Binny Limited’s FY2025 performance and audit context. It states financial statements were approved by the Board of Directors on April 20, 2026, with audits conducted by Venkatesh & Co.

For FY2025, the company reported revenue from operations of ₹82.9891 crore, total income of ₹86.3314 crore, and net profit of ₹46.5191 crore. It also cites a loss of ₹24.2385 crore in FY2024 for comparison, and EPS of ₹20.84 for FY2025 versus a prior-year loss per share figure of ₹(10.86).

The FY2025 disclosure also reiterates the same audit qualification themes: insufficient audit evidence on recoverability of the ₹29.1805 crore advance to RRB Energy Limited and revenue recognition issues involving ₹19.12 crore linked to Sanklecha Infra Projects.

Other compliance and corporate items mentioned

The text references SEBI penalties of ₹6.00 crore under appeal, with a stay granted, and notes an adjourned 56th AGM scheduled for May 29, 2026. It also states the company operates in the real estate segment.

These items, while not part of the quarterly profit-and-loss line items, provide context around ongoing regulatory and governance milestones referenced in the announcement stream.

Summary table: reported performance (normalized to ₹ crore)

Summary table: auditor qualifications and related amounts

Market impact: what investors usually track from such updates

The announcement contains no stock-price move or trading data, so any market reaction cannot be quantified from the provided information. Still, the combination of strong reported net income figures and a qualified auditor conclusion typically shifts investor focus to the quality and sustainability of earnings and asset recoverability.

For Binny Limited, the specific issues are not generic accounting points. They relate to a large advance under recoverability scrutiny and a sizeable revenue and receivable position where the auditor states it could not obtain sufficient comfort due to missing confirmations and uncertainties around land costs.

Why the qualified conclusion matters

A qualified conclusion in a limited review does not automatically invalidate the entire set of results, but it signals that the auditor could not obtain sufficient appropriate evidence on defined areas or could not conclude on certain balances. In this case, the two matters highlighted are both balance-sheet sensitive and can influence future recognition of impairment, receivables, and income.

The timeline items also matter. The disclosures mention a board meeting scheduled for June 20, 2026 to approve the unaudited financial results for the quarter ended December 31, 2025, while also stating that the board approved the unaudited results on June 3, 2026. Investors typically watch subsequent filings and outcomes for clarity and any updated notes.

Conclusion

Binny Limited’s unaudited results for the quarter and nine months ended December 31, 2025 reported revenue of ₹19.084 crore in Q3 and ₹44.435 crore for the nine months, with net income of ₹11.548 crore and ₹25.238 crore respectively. The disclosures also reiterate a qualified auditor conclusion focused on the ₹29.1805 crore advance to RRB Energy Limited and the ₹19.12 crore Sanklecha Infra-related revenue recognition and receivable questions. The next confirmed corporate milestone in the announcements is the board meeting scheduled for June 20, 2026 to consider and approve the unaudited financial results for the December 2025 quarter, alongside the stated earlier approval on June 3, 2026.