Shares of Atishay Ltd fell sharply in Tuesday’s session after the company reported a year-on-year decline in quarterly profit, triggering selling pressure despite marginal revenue growth and a strong nine-month performance.
Atishay shares were down 9.98% at Rs 188.95 on the BSE, compared with a previous close of Rs 209.90.
For the December quarter (Q3 FY26), Atishay reported a 10.7% YoY decline in standalone net profit to Rs 188.63 crore, compared with Rs 211.17 crore in the same quarter last year. Profit before tax also declined 12% YoY to Rs 251.06 crore, reflecting pressure on margins during the quarter.
Revenue from operations rose 1.5% YoY to Rs 1,545.16 crore, while total income increased 1.3% YoY to Rs 1,592.56 crore, indicating modest topline growth but insufficient to offset higher costs.
Segment-wise, the E-Governance business, the company’s largest revenue contributor, reported a 3% YoY decline in Q3 revenue to Rs 1,266.95 crore, compared with Rs 1,306.11 crore a year earlier. While the Retail & Other Services segment recorded a 28.8% YoY increase in quarterly revenue to Rs 278.21 crore, it was not enough to compensate for the slowdown in the core segment.
Operating expenses increased to Rs 1,341.50 crore in Q3 FY26 from Rs 1,287.35 crore a year ago, led by a sharp rise in purchases and other operating expenditure to Rs 883.72 crore, compared with Rs 748.75 crore in Q3 FY25. This weighed on profitability despite a reduction in employee benefit expenses.
On a nine-month basis, Atishay reported stronger performance, with revenue rising 19.1% YoY to Rs 4,560.72 crore and net profit increasing 15.6% YoY to Rs 536.69 crore. However, the sharp quarterly profit decline appears to have driven today’s negative stock reaction.
The company’s unaudited financial results were approved by the Board of Directors at its meeting held on January 19, 2026.