New Delhi [India], April 15: Shares of Elitecon International Ltd surged 4.02 percent on Wednesday to Rs 40.12 per share, compared to the previous close of Rs 38.57. The stock has witnessed significant volatility over the past year, with a 52-week high of Rs 422.65 and a low of Rs 32.26.
Elitecon International Ltd, formerly known as Kashiram Jain & Company Ltd, reported a strong financial performance for the quarter and nine months ended December 31, 2025, driven by substantial growth in its tobacco and FMCG segments.
For the third quarter of FY26 (October–December 2025), the company's consolidated total revenue surged to Rs 1,741.26 crore, marking an exceptional year-on-year increase of 3,117.2 percent from Rs 54.12 crore in the corresponding quarter last year. However, on a sequential basis, revenue declined 20.6 percent from Rs 2,192.09 crore reported in Q2 FY26.
Profitability also saw a sharp uptick, with net profit after tax (PAT) rising 676.3 percent year-on-year to Rs 103.57 crore in Q3 FY26, compared to Rs 13.34 crore in Q3 FY25. On a quarter-on-quarter basis, PAT declined 12.8 percent from Rs 118.8 crore reported in the previous quarter.
On a standalone basis, the company continued its growth trajectory. Revenue from operations increased 938.6 percent year-on-year to Rs 502.73 crore, while net profit rose to Rs 9.53 crore from a marginal Rs 0.01 crore in the year-ago period.
In line with its expansion strategy, Elitecon has entered into agreements to acquire majority stakes in Sunbridge Agro Private Ltd and Landsmill Agro Private Ltd. While partial consideration has been paid and shares transferred, completion of these acquisitions has been delayed due to the company's inability to conclude its planned Qualified Institutional Placement (QIP) funding.
The company remains focused on scaling its core business segments and strengthening its market presence, even as it navigates near-term funding challenges.
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