Interim report
Page 1
To, Listing Manager, The Secretary, BSE Limited, BAJAJS ElECTRONICS The National Stock Exchange of India Ltd., (Through NEAPS) Symbol: EMIL (Through BSE Listing Centre) Scrip Code: 543626 Series: EQ ISIN: INE02YR01019 Dear Sir/Madam, Sub: Outcome of the Board Meeting dated 09th February 2026. Pursuant to Regulations 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations , 2015, this is to inform you that the Board of Directors of the Company, at their meeting held on 09th February 2026, has inter-alia approved the Unaudited (Standalone and Consolidated) Financial Results of the Company for the Third Quarter and Nine Months ended on 31st December 2025. Please find enclosed a copy of the Unaudited (Standalone and Consolidated) Financial Results dated 09th February 2026 and the Limited Review report issued by the Company's Statutory Auditor, Walker Chandiok & Co. LLP. The Board Meeting commenced at 12:30 P.M. and concluded at 01 :30 P.M. We request that you kindly take the above information on record. Thanking You, For and on behalf of_Elec~-s --M-art-.lndia Limited I Rajiv Ku:;t·--:i Company Secretary Date: 09th February 2026 Place: Hyderabad ELECTRONICS S MART AUDIO & BEYOND I KITCH : N I STORIES EAsv· KITCH : NS Regd. Office : 6-1-91, Shop No. 10, Ground Floor, I Corporate Office : M.No. 6-3-666/A1 to 7, I Zonal Office: 35 - Link Road, Lajpat Nagar 11 1, Next to Telephone Bhavan, Secretariat Road, Opp. NIMS Hospital, Punjagutta Main Road, New Delhi - 110024. Ph : 011-45546292 Saifabad, Hyderabad - 500004 • Hyderabad - 500082. Ph : 040-23230244 ELECTRONICS MART INDIA LIMITED I CIN No.: L52605TG2018PLC126593 E-mail: communications@bajajelectronics .in Website : www.electronicsmartindia.com
Page 2
Walker Chandiok &_Co LLP Walker Chandiok & Co LLP Unit No - 1, 10th Floor, My Home Twitza, APIIC, Hyderabad Knowledge City, Raidurg (Panmaktha) Village, Serilingampally Mandal, Ranga Reddy District, Hyderabad - 500 081 Telangana T +91 40 4859 7178 F +91 40 6630 8230 Independent Auditor's Review Report on Unaudited Standalone Quarterly Financial Results and Year to Date Results of the Company pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) To the Board of Directors of Electronics Mart India Limited 1. We have reviewed the accompanying statement of unaudited standalone financial results ('the Statement') of Electronics Mart India Limited ('the Company') for the quarter ended 31 December 2025 and the year to date results for the period 1 April 2025 to 31 December 2025, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) ('Listing Regulations'. 2. The Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, Interim Financial Reporting ('Ind AS 34'), prescribed under Section 133 of the Companies Act, 2013 ('the Act'), and other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity, issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the Standards on Auditing specified under Section 143(10) of the Act, and consequently, does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. Chartered Accountants Walker Chandiok & Co LLP is registered with limited liabilit y with identification Offices in Bengaluru, Chandigarh, Chennai, Dehradun, Gurugram, Hyderabad, Kochi, Kolkala, Mumbai, New Delhi, Noida and Pune number AAC-2085 and has Its registered office at L-41, Connaught Circus, Outer Circle, New Delhi, 110001, India
Page 3
Walker Chandiok &..Co LLP 4. Based on our review conducted as above nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in Ind AS 34, prescribed under Section 133 of the Act, and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in accordance with the requirements of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. For Walker Chandiok & Co LLP Chartered Accountants Firm Registration No: 001076N/N500013 HEMANT Digitally signed by HEMANT MAHESHWARI MAHESHWARI ~~~~~.026 .02.0913:11 :0S Hemant Maheshwari Partner Membership No. 096537 UDIN: 26096537GSNGJX3970 Place: Hyderabad Date: 09 February 2026 Chartered Accountants Walker Chandiok & Co LLP is registered with limited liabilit y with identification Offices in Bengaluru, Chandigarh, Chennai, Dehradun, Gurugram, Hyderabad, Kochi, Kolkala, Mumbai, New Delhi, Noida and Pune number AAC-2085 and has Its registered office at L-41, Connaught Circus , Outer Circle, New Delhi, 110001, India
Page 4
E lectronics Mar t India Limit ed Regd.O ffice: D. No.: 6-1-91, Shop No. 10, Ground Floor, Telephone llhavan, ecrcrnriat Ro:1.d, •ifabad, Hyderabad, Telang.ma - 500 004 Corporate Office: M. No. 6-3-666/AI To 7 - 3rd and 4th floor, O pp. N l~IS I lospii,il, Panja1,•,nu Mmn Road, I lydcrabad, Tclangana - 500 082 Corpor:ne Identit y Number:L52605 TG2U18PL<:126593; Tcl.Nos.040-2324 2512; F.-m2..il I.D: commu nic:2rions@b:,j:1jelectmnicsjn; \V~hsitc:www.t:lecuonksm:mindia.co m STATEMENT OF UNAUD ITED STANDALONE FINANC IAL RES UL TS FOR THE QUAR TER AND N INE MONT HS ENDE D 31 DECE MBER 2025 (Amou.nts in millions of t unless otherwise stated) SI. Particulars Q uarte r e nded Nine. months ended Year ended No. 31.12.2025 30.09.2025 31.12.2024 31.12.2025 31.12.2024 31.03.2025 (Un audi ted) (Unaudited) (Unaudi ted) (Una udited) (Unaudited) (Audited) 1 Rc,·enuc from oper.mons 19,396.53 15,909.74 18,049.78 52,700.17 50,670.81 67,313.06 2 Other income 37.91 16.62 24.52 67.13 70.00 91.07 Total Income (1+2) 19,434.44 15,926.36 18,074.30 52,767.30 50,740.81 67,404.13 3 Ex-pcnscs (:1) Purchase;'!. of stock-in-trade 14,743.37 15,611.92 13,247.86 42.958.52 41,040.99 60,073.06 {b) Changes m im en tones of stock-in-tndc 1,876.13 (1,940.49) 2,226.45 2.193.72 2,108.84 (2,734.94) (c) Employee bcncfic·s expense 390.60 392.00 366.50 1,155.64 980.36 1,330.93 (d) Fin:mcc costs. 387.02 385.08 299.94 1,146.23 810.21 1,175.21 (c) Dcprcci:1tion and :amortisation expense 402.93 383.58 297.55 1,154.78 9 12.28 1,266.9 1 (f) Och.,. expenses 1,197.61 1,029.88 1,19326 3,286.25 3,103.62 4,132.18 Total Expe nses 18,997.66 15,861.97 17,631.56 51,895.14 48,956.30 65,243.35 4 Pro fit befo re except.iona.l ite m s and tax (1 +2-3) 436.78 64.39 442.74 872.16 1,784.51 2,160.78 5 Add /(lcss): Excepaon,1 items (Refer note 5) (42.63) 151.?2 - 27.57 - 6 Profit befo re ta.< (4+5) 394. 15 216.31 442.74 899.73 1,784.51 2,160.78 7 Tax expense: (•) Current laJC 143.26 76.00 129.99 327.40 532.92 640.38 (b) Deferred ,ax chargc/(crcd11) (45.62) (21.15) (22.36) (102. 10) (86.85) (84.81) 8 Profit for the period/ year (6-7) 296.51 161.46 335. 11 674.43 1,338.44 1,605.21 9 Ocher cc,mprchcni,ivc incomc/Qoss ) - Rcmc:isurcmem gain/ Qoss) on the defined benefit plam , net 5.28 (0.67) 3.50 3.95 10.51 (2.66) of income t:t...xt.-S 10 Tot al compre hensive income for the period /ye:l.1' (8+9) 301.79 160.79 338.61 678.38 1,348.95 1,602.55 11 Paid-up <'-{uit y sh:u:c capi,,t (Fae< ,·aluc of t I 0/ • t-ach) 3,847.49 3,847.49 3,847.49 3,847.49 3,847.49 3,847.49 12 01ht.r e<1u1ty 11,341.33 13 Earruogs per cquit) sh.re (EPES) (Refer Note 7) (Face value o f t 10/- each) • Basic (m absolute t tcnns) O.T 0.42 0.87 1.75 3.48 4.17 • Dilu1eJ (in absolute t terms) 0.77 0.42 0.87 1.75 3.48 4.17 Sec a.ccompQ.nying notes to Lhe standalone financt:ll results. \ \
Page 5
Notes: l The unaudited standalone financial results for the quarter ended 31 December 2025 and year to date results for the period 1 April 2025 to 31 December 2025 were reviewed by the Audit Committee and approved by the Board of Directors of the Company at their meetings held on 09 February 2026. 2 The unaudited standalone financial results for the quarter ended 31 December 2025 and year to dare results for the period I April 2025 to 31 December 2025 presented we.re subjected to a "Limited Review" by the Statutory Auditors of the Company. An unmodified report was issued by chem thereon. 3 These unaudited standalone financial results have been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standards (lnd AS) prescribed under Section 133 of the Companies Act, 2013 (the Act') read with the relevant rules issued thereunder, ocher accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of Regulation 33 of SF.BT (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended). 4 The Company operates in a single reportable segment ,-iz retail and wholesale sales of consumer durable and electronics products through its retail scores and online pbtforms. The Chief Opera ting Decision Maker ( CODM' ) reviews the results as a whole when making decisions abour allocating resources and assessing performance of the Company. 5 Exceptional item s: a) On 29 May 2025, a fire incident occurred at one of the Company's godowns, resulting in signiticant damage to inventory valued at ~ 81. 72 million. The Compa ny lodged an insurance claim for the full amount and recorded the loss as an exceptional item during the quarter ended 30 June 2025. Jn the previous quarter, the Company received full and final settlement for ~ 75.27 million against the claim, which was recognised as an exceptional item in the Statement of Profit and Loss. b) The Company, during rhe previous quarter, transferred its four "IQ" retail srores located in die sratcs of Tdangana and Andhra Pradesh, along with the refaced trademarks and certain immovable assets but excluding inventory, for a total consideration of t80 million. The gain on disposal of such assets of ~76.65 million has been recognized as an exceptiona l item in the Statement of Profit and Loss. c) The Government of India has merged various exisung labour laws inco a unified framework compnsmg four labour codes, collectively referred to as the " ew Labour Code". Accordingly, the Compa ny has recognized a one-rime impact of ~ 42.63 million in compliance with lnd AS 19, relating to changes in employee benefit obligations, and has presented this amount as an exceptional item in the Statement of Profit and Loss for the quarter and nine month ended December 31, 2025. The Governm ent(s) are in the process of notifying the corresp onding mies under the 1C\v Labour Code, and any further impact will be accounted for in the period in which such rules arc nori fied. 6 From che quarter ended 30 June 2025 onwards, rhe Compan y reclassified sell-out scheme incenth·es and cash discounts received from suppliers from 'Revenue from operations - Other operatin g income' to reduction from 'Purchases of Stock in Trade ' in the Standalone Statement of Profit and Loss in accordance with the applicable accounting standards, since such incentives and discounts are directly associated with inventory purchases and is not in exchange for any distinct goods or sen·ices by the Company to such suppliers. The consequent adjusanenrs made to the comparative financial information arc not considered material ro these standalone financi:tl results. 7 The EPES for quarters and year ro date period arc not annualized. Place: Hyderabad Dare : 09 February 2026 Pavan Kumar Bajaj Chairman & Managing Director DTN: 07899635
Page 6
Walker Chandiok &_Co LLP Walker Chandiok & Co LLP Unit No - 1, 10th Floor, My Home Twitza, APIIC, Hyderabad Knowledge City, Raidurg (Panmaktha) Village, Serilingampally Mandal, Ranga Reddy District, Hyderabad - 500 081 Telangana T +91 40 4859 7178 F +91 40 6630 8230 Independent Auditor's Review Report on Unaudited Consolidated Quarterly Financial Results and Year to Date Results of the Company pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) To the Board of Directors of Electronics Mart India Limited 1. We have reviewed the accompanying statement of unaudited consolidated financial results ('the Statement') of Electronics Mart India Limited ('the Holding Company') and its subsidiaries i.e. Cloudnine Retail Private Limited and EMIL CSR Foundation (the Holding Company and its subsidiaries together referred to as 'the Group'), for the quarter ended 31 December 2025 and the consolidated year to date results for the period 1 April 2025 to 31 December 2025, being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) ('Listing Regulations'). 2. This Statement, which is the responsibility of the Holding Company's Management and approved by the Holding Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, Interim Financial Reporting ('Ind AS 34'), prescribed under Section 133 of the Companies Act, 2013 ('the Act'), and other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity, issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the Standards on Auditing specified under Section 143(10) of the Act, and consequently, does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the Listing Regulations, to the extent applicable. Chartered Accountants Walker Chandiok & Co LLP is registered with limited liabilit y with identification Offices in Bengaluru, Chandigarh, Chennai, Dehradun, Gurugram, Hyderabad, Kochi, Kolkala, Mumbai, New Delhi, Noida and Pune number AAC-2085 and has Its registered office at L-41, Connaught Circus, Outer Circle, New Delhi, 110001, India
Page 7
Walker Chandiok &..Co LLP 4. Based on our review conducted and procedures performed as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in Ind AS 34, prescribed under Section 133 of the Act, and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in accordance with the requirements of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. For Walker Chandiok & Co LLP Chartered Accountants Firm Registration No: 001076N/N500013 HEMANT MAHESHWARI Digitally signed by HEMANT MAHESHWARI Date: 2026.02.0913:07:16 +05'30' Hemant Maheshwari Partner Membership No. 096537 UDIN: 26096537IMEDAT7086 Place: Hyderabad Date: 09 February 2026 Chartered Accounlanls Walker Chandiok & Co LLP is registered with limited liability with identification Offices in Bengaluru, Chandigarh, Chennai, Dehradun, Gurugram, Hyderabad, Kochi, Kolkala, Mumbai, New Delhi, Noida and Pune number AAC-2085 and has Its registered office at L-41, Connaught Circus, Outer Circle, New Delhi, 110001, India
Page 8
E lectronics Mart Indi a Limited Regd.Office: D . No.: 6-1-9 1, Shop No. 10, Ground r-loor, Telephone 13havan, Secrecaci>r Road, Saifabad, 1 lyde[11bad, Td:tng:ina - 500 004 Corporate Office: ;\1. No. 6-3-666/ A 1 To 7 - 3rd and 4th floor, Opp. NlMS Hospical, Panjaguna ;\lain Road, Hyderabad, Tclangana - 500 082 Corporate Identity Number:L52605TG 2018PLC!26593; Tcl.Nos.040-2324 2512; E-mail l.D: communicacions(itj.bajajclcctronics.in; Wcbsitc:www.clccuonicsmarrindia.com STATEMENT OF UNA UDITED CONSO LID ATED FINANCIAL RESU LTS FO R THE Q UARTE R AND N INE MONTH S ENDED ENDE D 31 DECEMBE R 2025 (Amoun ts in mi llions of { unles s otherw ise stated) SI. Particulars Quarter ended Nine mon ths ended Year ended No. 31.12.2025 30.09.2025 31.12.2024 31. 12.2025 31.12.2024 31.03.2025 (Unau djred) (Unaudited) (Unauclired) (Unauclited) (Una udited) (Audi ted) 1 RC\·c.nue from opcrJtions 19,396.53 15.9()<).74 18,049.78 52,700.17 50,670.81 67,313.06 2 Other income 37.98 16.70 24.62 67.29 70.23 91.40 Tmal Income (1+2) 19,434.51 15,926.44 18,074.40 52,767.46 50,741.04 67,404.46 3 Expen ses {a) Pu.rcb3ses of stock-in-trade 14,743.37 15,611.92 13,247.86 42,958.52 41,0-10.99 60,073.06 (b) Changes in im•c.nturies of stock-in-trade 1,876.13 (I ,940.49) 2,226.45 2,193.72 2,108.84 (2,734.94) (c) Employee bcnefirs expense 390.60 392.(1() 366.50 1,155.64 980.36 1,330.93 {cl) f-inancc costs 387.02 385.08 299.94 1,146.23 810.21 1,175.21 (c) D cpreciaaon and amorris:irio n C."\'.pense 402.80 38.>.71 297.55 1,154.78 912.28 1,266.91 (I) Othe r expenses 1,197.87 1,029.87 1,193.43 3,286.80 3,104.06 4,132.86 To tal Expen ses 18,997.79 15,862.09 17,631.73 51,895.69 48,956.74 65,244.03 4 Profit before except ional items and tax (1+2-3) 436.72 64.35 442.67 871.77 1,784.30 2, 160.43 5 Add / (Le ss): Exccpcion:al items (Rcfcr Note 5) (42.63) 151.92 - 27.57 - - 6 Profit befo re ta.~ (4+ 5) 394.09 216.27 442.67 899.34 1,784.30 2,160.43 7 T a..x expe ns e (a) Curre nt 12x 143.26 76.00 129.99 327.40 532.92 640.38 (b) Deferred tn chargc/(crcdit) (45.62) (21.15) (22.36) (102.10) (86.85) (84.81) 8 Profit for the period / year (6-7) 296.45 161.42 335.04 674.04 1,338.23 1,604.86 9 Other compre hensi ve incomc / (loss) - Rcmeasurcmcnr gain/Ooss) on rhe defined benefit plans. 5.28 (0.67) 3.50 3.95 10.51 (2.66) net of income mxcs 10 T otal comprehensive Income for the peri od/year (8+9) 301.73 160.75 338.54 677.99 1,348.74 1,602.20 II Paid-up Equity Share Capita.I (Face value of f 10/- each) 3,847.49 3,847.-19 3,847.49 3.847.49 3,847.49 3.847.49 12 Olhcr equity 11,.H0.08 13 Earnings pet equity share (EPES) (Refer No« 7) (Face ,·olue of f l0/- each) - Basic (in absolute ~ terms) U.77 (J.-12 0.87 1.75 3.48 4.17 - Diluted (,n absolute ~ terms) 0.77 0.42 0.87 1.75 3.48 4.17 S<:-e accompanr10g note!- ro Lhe coni;:olt<lated founoal resu lts.
Page 9
N otes: I The unaudite d consolidated financial results for the 9uarre.r ended 31 December 2025 and year to date results for the period 1 April 2025 to 31 December 2025 were reviewed by the Audit Committee and approved by the Board of Directors of the Holding Company at their meetings held on 09 February 2026. 2 The unaudited conso lidated financial results for the 9uaner ended 31 December 2025 and year to date results for the period 1 April 2025 to 31 December 2025 presented were subjected to a "Limited Review" by the Statutory Auditors of the Holding Company. An unmodified report was issued by them thereon. 3 These unaudited consolidated financial results have been prepared in accordance with the. recognition and measurement princip les laid down in rhe Indian Accounting Standards (Tnd AS) prescribed under Section 133 of the Companies Act, 2013 (the Act) read with the relevant rules issued thereunder, other accounti11g principles generally accepted in India and is in compliance with the presentation and disclosure re9uirements of Regulation 33 of SEBl (Tjsting Obligations and Disdosw·e Reguirements) Regulations, 2015 (as amended). 4 The Group operates in a single reportable segment viz retail and wholesale sales of consumer durable and electronics products through its retail stores and online platform s. The Chief Operating Decision Maker (CO DM') reviews the. results as a whole when making decisions about allocating resources and assessing performance of the Group. 5 Exception al items : a) On 29 May 2025, a fire incident occurred at one of the Holding Company 's godowns, resulting in significant damage to inventory valued at ~81.72 million. The Holding Company lodged an insurance claim for the full amount and recorded the loss as an exceptional item during the guarter ended 30 June 2025. ln the previous guarter, the Holding Compan y received full and final settlement for~ 75.27 million against the claim, which was recognised as an exceptional item in the Statement of Profit and Loss. b) The Holding Company, during the previous 9uarcer, transferred its four "TQ" retail stores located in the states of Telangana and Andhra Pradesh, along with the. related trade.marks and certain immovable assets but excluding inventory, for a total conside ration of ~80 million. The gain on disposal of such assers of n6.65 million has been recognized as an exceptional item in the Statement of Profit and Loss. c) The Government of India has merged various exisang labour laws into a unified framework compnsing four labour codes, collectively referred to as the "New Labour Code". Accordingly, the Holding Company has recognized a one-time impact of~ 42.63 million in compliance with loci AS 19, relating to changes in employee benefit obligations, and has presented this amount as an exceptional item in the Statement of Profit and Loss for the guarte r and nine month ended December 31, 2025. The Goveromenr (s) arc in the process of notifying the corresponding rules under the New Labour Code, and any further impact v;rill be accounted for in the period in which such rules are notified. 6 From the quarter ended 30 June 2025 onwards, the Group reclassified sell-our scheme incentives and cash discounts received from . suppliers from 'Revenue from operations - Other operating income ' to reduction from 'Purchases of Stock in Trade' in the Consolidated Statement of Profit and Loss in accordance with the applicab le accounting standards, since such incentives and discounts arc directly associated with inventory purchases and is not in exchange for any distinct goods or services by the Group to such suppliers. The consequent adjusonenrs made to the comparative financial information are not considered material to these consolidated financial results. 7 The EPES for 9uarter s and year to date period are not annualized. Place : Hyderabad Date : 09 February 2026 By e Board For India Llmitecl· - Chairman & Managing Director D CN: 07899635