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RPSG Ventures Ltd

| Quarterly Financial Results Q3 FY 2025-26

BEARISH SENTIMENT

Report Source

6th Feb 26

Summary : RPSG Ventures reported a significant consolidated quarterly loss due to exceptional items, despite revenue growth in core segments.

Quarterly Report Analysis & Insights

Financial Disclosures

  1. Standalone Total expenses Q3 FY26: Rs. 68.83 crore.
  2. Consolidated Total expenses Q3 FY26: Rs. 2,761.60 crore.
  3. Consolidated Employee benefits expense Q3 FY26: Rs. 1,497.60 crore.
  4. Consolidated Finance costs Q3 FY26: Rs. 212.70 crore.
  5. Standalone Revenue from operations Q3 FY26: Rs. 56.38 crore.
  6. Consolidated Revenue from operations Q3 FY26: Rs. 2,756.40 crore.
  7. Segment Revenue: Process Outsourcing (Rs. 2,523.82 crore), FMCG (Rs. 150.18 crore), Property (Rs. 33.69 crore), Sports (Rs. 27.82 crore), Others (Rs. 21.99 crore) for Q3 FY26 consolidated.
  8. Standalone Other Equity as of March 31, 2025: Rs. 2,824.79 crore.
  9. Consolidated Other Equity as of March 31, 2025: Rs. 2,630.01 crore.
  10. Consolidated Segment Assets: Process Outsourcing (Rs. 8,684.45 crore), Sports (Rs. 6,905.29 crore) as of Dec 2025.
  11. Standalone Profit for the period Q3 FY26: Rs. 2.59 crore.
  12. Consolidated Profit/(Loss) for the period Q3 FY26: Rs. (136.30) crore.
  13. Consolidated results include subsidiaries, associates, and joint ventures.

Corporate Overview

  1. India
  2. Ireland
  3. Mexico
  4. Jamaica
  5. South Africa
  6. Australia
  7. Trinidad
  8. Romania
  9. Colombia
  10. Impact of new labour codes on employee benefit obligations recognized as an exceptional item.
  11. Provision for impairment in investment in one associate.
  12. Information technology and allied services.
  13. Operates in five business segments: Process Outsourcing, FMCG, Property, Sports, and Others.
  14. Formal notification of board meeting outcome and financial results.
  15. Process Outsourcing
  16. FMCG
  17. Property
  18. Sports
  19. Others
  20. Acquisition of 40% stake in FSP Design Private Limited.
  21. Acquisition of 100% ownership in Pastdue Credit Solutions Ltd. (UK).

Risk Factors

  1. New labour codes impact profitability.
  2. Investment impairment affects financial health.
  3. Sports segment profits remain volatile.
  4. FMCG segment continues underperforming.

Key Drivers

  1. Acquisition integration drives future growth.
  2. New labour codes impact resolves.
  3. Process Outsourcing segment continues strong.
  4. FMCG and Sports segment performance improves.

Auditor’s Report

  1. Limited Review Report, not an audit opinion.
  2. No material misstatement identified based on review.

Board Commentary

  1. Impact of new labour codes on employee benefit obligations.
  2. Impairment in investment in an associate.
  3. Impact of new labour codes (Code on Wages, Social Security, Industrial Relations, Occupational Safety, Health and Working Conditions) effective from November 21, 2025.
  4. Approved acquisition of 40% stake in FSP Design Private Limited for INR 177 crore.
  5. Subsidiary acquired 100% ownership in Pastdue Credit Solutions Ltd. (UK) for GBP 2.20 crore.

Corporate Governance

  1. Audit Committee reviewed the financial results.

Management Discussion & Analysis

Future Strategy

  1. Monitoring finalization of rules for new labour codes by Central and State Governments.
  2. Strategic acquisitions to expand business (FSP Design, Pastdue Credit Solutions).

Operational Focus Areas

  1. Monitoring regulatory developments related to labour codes.
  2. Integrating acquired entities into the Group's operations.

Performance Drivers

  1. Consolidated revenue from operations increased to Rs. 8,396.07 crores for nine months ended Dec 2025.
  2. Process Outsourcing segment shows positive results.
  3. FMCG segment shows negative results.
  4. Sports segment profits/losses vary significantly quarter to quarter.

Risk Control Measures

  1. Company continues to monitor finalization of rules and clarifications for labour codes.

Critical Risks

  1. Financial impact of new labour legislations (labour codes).
  2. Impairment in investment in an associate.
  3. Volatility in profits/losses from the Sports segment.
RPSG Ventures Ltd (RPSGVENT) Quarterly Report Analysis & Insights | Dhanarthi