Integrated Filing — IndAS



General information about company

Scrip Code 544599
NSE Symbol STUDDS
MSEI Symbol NOTLISTED
ISIN INE00Q601028
Name of company STUDDS ACCESSORIES LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 31-01-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 24-01-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Third quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Unaudited
Segment Reporting Single segment
Description of single segment Helmets and accessories
Start date and time of board meeting 31-01-2026   18:15:00
End date and time of board meeting 31-01-2026   19:30:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-10-2025 01-04-2025
B Date of end of reporting period 31-12-2025 31-12-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 16,303.40 46,669.00
Other income 263.80 831.60
Total income 16,567.20 47,500.60
2 Expenses
(a) Cost of materials consumed 5,111.40 17,810.10
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 1,181.00 961.90
(d) Employee benefit expense 1,633.20 4,795.10
(e) Finance costs 19.10 68.40
(f) Depreciation, depletion and amortisation expense 536.90 1,580.90
(f) Other Expenses
1 Other Expenses 5,305.30 14,014.40
Total other expenses 5,305.30 14,014.40
Total expenses 13,786.90 39,230.80
3 Total profit before exceptional items and tax 2,780.30 8,269.80
4 Exceptional items 0.00 0.00
5 Total profit before tax 2,780.30 8,269.80
6 Tax expense
7 Current tax 664.20 2,023.50
8 Deferred tax 43.80 87.20
9 Total tax expenses 708.00 2,110.70
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 2,072.30 6,159.10
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 2,072.30 6,159.10
17 Other comprehensive income net of taxes 103.60 81.90
18 Total Comprehensive Income for the period 2,175.90 6,241.00
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 0.00 0.00
Total profit or loss, attributable to non-controlling interests 0.00 0.00
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 0.00 0.00
Total comprehensive income for the period attributable to owners of parent non-controlling interests 0.00 0.00
21 Details of equity share capital
Paid-up equity share capital 1,967.70 1,967.70
Face value of equity share capital 5 5
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 5.27 15.65
Diluted earnings (loss) per share from continuing operations 5.27 15.65
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 5.27 15.65
Diluted earnings (loss) per share from continuing and discontinued operations 5.27 15.65
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) Notes to the Unaudited Consolidated Financial Results 1. These financial results for the quarter and nine-months period ended December 31, 2025 have been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 “Interim Financial Reporting”, prescribed under Section 133 of the Companies Act, 2013 read with the Companies (Indian Accounting Standards) Rules as amended from time to time, and in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. 2. During the quarter ended December 31, 2025, the Company has completed an initial public offering (IPO) through Offer for Sale of 7,786,120 equity shares with a face value of INR 5 each at an issue price of INR 585/- per share. The Company’s equity shares were listed on the BSE Limited (BSE) and National Stock Exchange of India Limited (NSE) on November 7, 2025. Thus, this statement of unaudited consolidated financial results for the quarter and nine-months period ended December 31, 2025, is prepared in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. 3. The above consolidated financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on January 31, 2026. The statutory auditors have carried out a limited review of the results and have issued an unmodified report. 4. With effect from November 21, 2025, the Government of India has implemented Labour Codes replacing existing four Central Labour laws collectively referred to as the 'New Labour Codes'. While the Central and State Governments continue to notify specific rules and clarifications, the Company has carried out a comprehensive assessment of the impact on employee benefit obligations. Consequently, the Company has engaged a registered actuary to value its gratuity and other long-term employee benefits in accordance with Ind AS 19, incorporating the applicable provisions of the Labour Codes. The resulting impact is not material and has been recognised in the financial results, accordingly. The Company will continue to monitor further developments and refine its estimates as and when additional rules are notified. 5. The consolidated financial results include the financial results of the Company’s wholly-owned subsidiary Bikerz US Inc., incorporated in the United States of America. There are no other subsidiaries, joint ventures, or associates. 6. The Group operates in a single reportable segment, i.e., manufacture and sale of helmets and accessories, in accordance with Ind AS 108 on Operating Segments. 7. Tax expense has been provided based on the estimated effective tax rate for the full financial year, applied to the profit for the period. 8. There were no exceptional items, material non-recurring transactions, mergers, demergers, or changes in the Company’s structure during the quarter and nine-months period ended December 31, 2025. 9. Earnings per share for the interim periods have not been annualised. 10. Previous period figures have been regrouped/reclassified, wherever necessary. 11. The Un-Audited Consolidated Financial Results for the quarter and nine-months period ended on December 31, 2025 are available on the website of the Company at www.studds.com under Investor Relations’ Section and also on the website of the concerned stock exchanges, the BSE Limited at www.bseindia.com and National Stock Exchange of India Limited at www.nseindia.com.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-10-2025 01-04-2025
Date of end of reporting period 31-12-2025 31-12-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-10-2025 01-04-2025
B Date of end of reporting period 31-12-2025 31-12-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Items that will not be reclassified to profit or loss 93.90 81.00
2 Foreign Currency Translation Reserve 33.30 21.30
Total Amount of items that will not be reclassified to profit and loss 127.20 102.30
2 Income tax relating to items that will not be reclassified to profit or loss 23.60 20.40
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income 103.60 81.90