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R&B Denims Approves 1:2 Stock Split and Increases Authorised Capital to Rs 30 Crore
R&B Denims Limited has received shareholder approval to sub-divide its equity shares from a face value of Rs 2 to Re 1 each. This effectively results in a 1:2 stock split, doubling the number of shares held by investors while proportionally reducing the market price. Additionally, the company has increased its authorised share capital from Rs 25.50 crore to Rs 30.00 crore. These amendments to the Memorandum of Association were passed via an Ordinary Resolution at the Extraordinary General Meeting held on March 13, 2026.
Key Highlights
Shareholders approved a stock split reducing face value from Rs 2 to Re 1 per share
Authorised Share Capital increased from Rs 25.50 crore to Rs 30.00 crore
Total number of equity shares adjusted to 30 crore shares of Re 1 each
Amendments to Clause 5 of the Memorandum of Association (MOA) ratified at the EOGM
💼 Action for Investors
Investors should monitor the upcoming record date for the stock split, which is expected to improve trading liquidity. The increase in authorised capital also provides the company with flexibility for future equity-based corporate actions.
R&B Denims Secures Massive INR 2.16 Billion Order for 12 Million Meters of Fabric
R&B Denims Limited has secured a significant sales order worth approximately INR 215.88 Crores (INR 2.16 billion) for the supply of 12 million meters of denim fabric. The order, received from domestic merchant exporters, is slated for execution within a six-month timeframe. This development is expected to provide strong revenue visibility and enhance capacity utilization in the upcoming quarters. The scale of this order marks a notable commercial milestone for the company's growth strategy.
Key Highlights
Total contract value of INR 2,158,800,000 for denim fabric supply.
Order volume involves approximately 12,000,000 meters of fabric.
Execution period is strictly defined within the next 6 months.
Expected to significantly improve operating leverage and order book position.
💼 Action for Investors
This is a major positive trigger for the stock; investors should watch for quarterly revenue growth as these orders are executed over the next two quarters.
Denta Water 9M FY26 Revenue Rises 31% to ₹195 Cr; Order Book Robust at ₹841 Cr
Denta Water and Infra Solutions reported a 30.8% YoY increase in 9M FY26 revenue to ₹1,950.67 million, supported by a 34% rise in EBITDA. However, Q3 FY26 saw moderate growth of only 4% due to monsoon-related execution delays and government billing cycles in Karnataka. The company maintains a healthy order book of ₹8,414.82 million and is virtually debt-free. Management has revised its FY26 outlook downward from ₹300 crore to approximately ₹260 crore but expects 30% growth in FY27.
Key Highlights
9M FY26 revenue reached ₹1,950.67 million, up 30.8% YoY, while EBITDA grew 34.02% to ₹708.47 million.
Order book remains strong at ₹8,414.82 million as of December 31, 2025, providing high revenue visibility.
Q3 FY26 revenue growth was muted at 4% YoY (₹53.5 crore) due to project timing and climatic factors in Karnataka.
Management guided for 20% YoY growth in Q4 FY26 and a 30% revenue increase for the full year FY27.
The company is nearly debt-free and expects the working capital cycle to normalize to 95-120 days by year-end.
💼 Action for Investors
Investors should note the management's downward revision of FY26 targets and monitor if execution speed improves in Q4 to meet the new guidance. While the order book is solid, the reliance on government billing cycles and regional weather patterns remains a key risk factor.
Denta Water Q3 Revenue Rises 4.2% to ₹535 Mn; Order Book Strong at ₹8,382 Mn
Denta Water and Infra Solutions reported a steady Q3 FY26 with revenue growing 4.22% YoY to ₹535.20 million, while 9M FY26 revenue surged 30.8% to ₹1,950.67 million. The company maintains a robust profitability profile with 9M EBITDA margins at 36.35% and PAT margins at 26.55%. A significant highlight is the outstanding order book of ₹8,382.33 million as of January 31, 2026, which provides strong revenue visibility for the next three years. Management attributed the performance to accelerated project execution and improved billing realization in the water management segment.
Key Highlights
9M FY26 Revenue grew 30.8% YoY to ₹1,950.67 million compared to ₹1,491.33 million in 9M FY25
Outstanding order book stands at ₹8,382.33 million as of Jan 31, 2026, representing over 4x FY25 annual revenue
Maintained high operating efficiency with 9M EBITDA margins at 36.35% and PAT margins at 26.55%
The company has 26 ongoing projects and has successfully completed 40 projects in water infrastructure to date
Q3 FY26 PAT stood at ₹143.12 million with a healthy PAT margin of 26.74%
💼 Action for Investors
Investors should monitor the company's execution pace given the massive order book which offers multi-year growth visibility. The high margin profile in a specialized infrastructure niche makes this a strong candidate for long-term tracking.
R&B Denims Q3 Profit Dips 13% YoY; Announces 1:2 Bonus Issue and Stock Split
R&B Denims reported a mixed performance for Q3 FY26, with total income rising slightly to ₹70.20 crore while net profit declined 12.9% YoY to ₹5.28 crore. However, the nine-month performance remains positive with revenue up 18.2% and net profit up 8% compared to the previous year. To improve liquidity, the board has approved a 1:2 stock split (reducing face value from ₹2 to ₹1) followed by a 1:2 bonus issue. The company also increased its authorized share capital to ₹30 crore to facilitate these corporate actions.
Key Highlights
Net Profit for Q3 FY26 stood at ₹5.28 crore, a decline from ₹6.07 crore in the year-ago period.
Total Income for the nine-month period ended Dec 2025 grew 18.2% YoY to ₹201.72 crore.
Approved stock split of 1 equity share of face value ₹2 into 2 shares of face value ₹1 each.
Announced 1:2 bonus issue, providing 1 new share for every 2 shares held post-split.
Authorized share capital increased from ₹25.50 crore to ₹30.00 crore.
💼 Action for Investors
The bonus issue and stock split are likely to enhance market liquidity and retail participation, though investors should note the slight contraction in quarterly margins. Long-term investors may find the 9-month growth trajectory encouraging despite the short-term profit dip.
Denta Water Reports 31% Revenue Growth in 9MFY26; Order Book Reaches ₹8,415 Mn
Denta Water delivered a strong performance for the nine months ended December 2025, with revenue growing 30.8% YoY to ₹1,950.67 million. While the 9-month PAT increased by 32.1% to ₹517.40 million, the standalone Q3 performance was relatively flat with revenue up only 4.2% and PAT declining by 4.65%. The company maintains a robust order book of ₹8,414.82 million, providing strong revenue visibility for the future. EBITDA margins remain healthy at 36.32% for the 9-month period, reflecting efficient execution in the water infrastructure sector.
Key Highlights
9MFY26 revenue grew 30.80% YoY to ₹1,950.67 million driven by irrigation and urban water projects
EBITDA for 9MFY26 rose 34.03% to ₹708.47 million with a healthy margin of 36.32%
Order book stands at a robust ₹8,414.82 million as of December 31, 2025, providing long-term visibility
9MFY26 PAT increased by 32.10% YoY to ₹517.40 million despite a slight 4.65% dip in Q3 standalone PAT
EPS for 9MFY26 stood at ₹19.35, reflecting sustained profitability across the nine-month period
💼 Action for Investors
Investors should focus on the strong 9-month growth trajectory and the massive order book which is over 4x the 9-month revenue. Monitor the execution pace in upcoming quarters to ensure the slight Q3 slowdown does not become a trend.
Denta Water Reports INR 841.48 Cr Order Book and INR 377.31 Cr New Orders for 9M FY26
Denta Water and Infra Solutions Limited reported a robust outstanding order book of INR 841.48 Crores as of December 31, 2025. The company secured new orders totaling INR 377.31 Crores during the first nine months of FY26, with INR 161.12 Crores added in the third quarter alone. Recent wins include a subcontract worth INR 30.07 Crores and L1 status in two additional projects. Management remains confident in its execution capabilities despite typical industry-wide seasonal variations in the third quarter.
Key Highlights
Outstanding order book stands at INR 841.48 Crores as of December 31, 2025
Total new orders and L1 positions secured in 9M FY26 reached INR 377.31 Crores
Q3 FY26 (Oct-Dec) contributed INR 161.12 Crores to the new order inflow
Recently awarded a subcontract work worth approximately INR 30.07 Crores
Secured L1 position in two additional projects, pending formal Letters of Award
💼 Action for Investors
Investors should track the conversion of L1 positions into formal contracts and the company's ability to maintain execution momentum. The current order book provides strong revenue visibility for the coming quarters.
Denta Water 9M PAT Rises 32% to ₹51.8 Cr; Order Book Strong at ₹841.5 Cr
Denta Water and Infra Solutions reported a strong performance for the nine months ended December 2025, with consolidated revenue growing 30.8% YoY to ₹195.07 crore. Net profit for the same period increased by 32.2% to ₹51.79 crore, although Q3 saw a sequential dip compared to Q2. The company maintains a robust order book of ₹841.48 crore, representing significant revenue visibility. Furthermore, the board has approved new credit facilities worth ₹116 crore to support ongoing and future infrastructure projects.
Key Highlights
9M FY26 consolidated revenue increased 30.8% YoY to ₹1,950.67 million.
9M FY26 Profit After Tax (PAT) rose 32.2% YoY to ₹517.90 million.
Outstanding order book reached ₹841.48 Crores as of December 31, 2025.
New orders worth ₹161.12 Crores were secured during the October-December 2025 quarter.
Board approved ₹116 Crores in new credit facilities from SBI, HDFC, and Kotak Mahindra Bank.
💼 Action for Investors
Investors should take confidence in the strong 9M growth and the massive order book which provides multi-year revenue visibility. The sequential Q3 dip appears to be a quarterly fluctuation, but the expansion of credit lines suggests the company is gearing up for larger project executions.
Denta Water Q3 PAT at ₹14.3 Cr; Order Book Strong at ₹841.5 Cr
Denta Water reported a mixed performance for Q3 FY26, with consolidated revenue at ₹53.52 crore, a slight YoY increase but a significant sequential drop from ₹74.27 crore in Q2. Net profit for the quarter stood at ₹14.31 crore, down from ₹14.96 crore YoY. Despite the quarterly dip, the 9-month performance remains strong with PAT growing 32% YoY to ₹51.79 crore. The company maintains a robust order book of ₹841.48 crore, providing high revenue visibility for future quarters.
Key Highlights
Consolidated revenue for Q3 FY26 stood at ₹53.52 crore, up 4.2% YoY but down 27.9% QoQ.
Net Profit for the quarter was ₹14.31 crore, compared to ₹14.96 crore in the previous year's corresponding quarter.
Outstanding order book remains healthy at ₹841.48 crore as of December 31, 2025.
Secured new orders worth ₹377.31 crore during the nine-month period, including ₹161.12 crore in Q3 alone.
Board approved new credit facilities totaling ₹116 crore from Kotak Mahindra, SBI, and HDFC Bank for operational needs.
💼 Action for Investors
While quarterly numbers showed sequential weakness, the massive order book of ₹841.5 crore (approx. 4x annual revenue) suggests strong long-term growth. Investors should monitor the execution pace of these orders and the recovery of dues through the initiated CIRP against Core4 Engineers.
Laxmi Dental Q3 Revenue Up 7.1% YoY to ₹660 Mn; PAT Drops 59% on Exceptional Item
Laxmi Dental reported a 7.1% YoY revenue growth in Q3FY26, reaching ₹660.4 million, driven by strong international lab business growth of 25.5%. However, PAT declined significantly by 59.3% YoY to ₹19.6 million, primarily due to a one-time exceptional provision of ₹57.8 million for gratuity liabilities under new labour codes. EBITDA margins compressed to 10.6% from 15.6% a year ago, impacted by higher US tariffs (150 bps) and ESOP expenses. Management remains optimistic about Q4 recovery in the domestic market and normalization of pricing pressures in the aligner segment.
Key Highlights
Revenue grew 7.1% YoY to ₹660.4 Mn in Q3FY26; 9M FY26 revenue up 14.3% to ₹2,039 Mn.
PAT fell 59.3% YoY to ₹19.6 Mn, impacted by a ₹57.8 Mn exceptional item for labour code compliance.
International dental lab business showed robust growth of 25.5% YoY, offsetting soft domestic performance.
EBITDA margins stood at 10.6%, affected by 150 bps impact from US tariffs and ₹16.14 Mn ESOP expenses.
Gross profit margins remained steady at 69.5% with sequential improvement due to lower low-margin scanner sales.
💼 Action for Investors
Investors should monitor the recovery in domestic lab and aligner segments in Q4, as management indicates positive trends starting January 2026. While one-time costs hit the bottom line, the strong international growth and strategic positioning in digital dentistry remain key long-term drivers.
Laxmi Dental Q3FY26 Revenue Up 7% to ₹660 Mn; PAT Impacted by ₹57.8 Mn Exceptional Item
Laxmi Dental reported a 7.1% YoY revenue growth to ₹660.4 Mn for Q3FY26, supported by a robust 25.5% growth in its international dental lab business. However, net profit fell 59.3% YoY to ₹19.6 Mn, primarily dragged down by a one-time exceptional provision of ₹57.8 Mn for gratuity liabilities under the new labour code. EBITDA margins were also pressured by higher US tariffs (150 bps impact) and increased ESOP expenses. Despite these headwinds, the company saw a ₹32.2 Mn deferred tax credit from its US subsidiary and expects a stronger Q4 recovery.
Key Highlights
Consolidated Revenue grew 7.1% YoY to ₹660.4 Mn in Q3FY26, with 9M FY26 revenue up 14.3% to ₹2,039 Mn.
International lab business delivered 25.5% YoY growth, while domestic lab business remained soft during the quarter.
EBITDA margin contracted to 10.6% from 15.6% YoY due to ₹16.1 Mn ESOP costs and global macroeconomic challenges.
A one-time exceptional provision of ₹57.8 Mn was recorded for gratuity past service liability under the new labour code.
Scanner sales grew 46% YoY in Q3, acting as a strategic lead generator for the higher-margin lab and aligner segments.
💼 Action for Investors
Investors should focus on the normalization of US tariffs and the management's guidance for a robust Q4 recovery in domestic segments. While one-time provisions hurt the bottom line, the strong growth in international markets and digital dentistry (scanners) remains a positive long-term indicator.
Trident Q3 FY26 PAT Drops 45% YoY to ₹44.2 Cr; EBITDA Margins Contract to 9.99%
Trident Limited reported a weak performance for Q3 FY26, with consolidated revenue declining 5.2% YoY to ₹1,594.9 crore. Profitability was significantly impacted as Net Profit fell 44.8% YoY to ₹44.2 crore, and EBITDA margins contracted by 363 bps to 9.99%. The textile segment, which contributes 85% of revenue, saw a 5.4% YoY decline, while the Paper & Chemical segment dropped 8.4%. Despite the earnings pressure, the company maintained a healthy balance sheet with Net Debt/Equity improving to 0.17x.
Key Highlights
Consolidated Net Profit declined 44.77% YoY to ₹442 million in Q3 FY26
EBITDA margins saw a sharp contraction to 9.99% from 13.61% in the same quarter last year
Textile segment revenue stood at ₹13,296 million, down 5.36% YoY, with EBIT margins falling to 5.91%
Net Debt reduced to ₹8,147 million as of Dec-25, with a healthy Net Debt/EBITDA ratio of 0.88x
Exports contributed 53% to the total revenue during the quarter, down from 56% YoY
💼 Action for Investors
Investors should exercise caution as the company faces significant margin pressure and declining profitability across its core segments. Monitor the recovery in global export demand and the effectiveness of management's cost-optimization initiatives before making new entries.
Trident Q3 FY26 PAT Drops 45% YoY to INR 44 Crore; Net Debt Reduced to INR 815 Crore
Trident Limited reported a weak Q3 FY26 with consolidated revenue falling 5.2% YoY to INR 1,595 crore and Net Profit declining sharply by 44.8% YoY to INR 44 crore. EBITDA margins contracted significantly to 9.99% from 13.61% in the previous year's quarter, reflecting operational pressures. Despite the quarterly slump, 9M FY26 PAT showed a 16% growth to INR 275 crore compared to INR 237 crore in 9M FY25. A positive highlight is the continued debt reduction, with net debt decreasing by INR 32 crore during the quarter to INR 815 crore.
Key Highlights
Q3 FY26 Net Profit fell 51.35% QoQ and 44.77% YoY to INR 44 crore
EBITDA margins compressed by 363 bps YoY to 9.99% in Q3 FY26
Net Debt reduced to INR 815 crore with a healthy Net Debt/EBITDA ratio of 0.88x
9M FY26 PAT increased to INR 275 crore (5.4% margin) vs INR 237 crore (4.6% margin) YoY
Segment revenue for Q3: Yarn (INR 848 Cr), Home Textile (INR 827 Cr), and Paper/Chemicals (INR 236 Cr)
💼 Action for Investors
Investors should exercise caution due to the significant margin compression and sharp profit decline in Q3. While the debt reduction and 9-month performance are positive, monitor the impact of the UK FTA and US tariff changes for signs of recovery in the textile segment.
Trident Limited Achieves Significant 16-Point Jump in S&P Global ESG Score to 72
Trident Limited has reported a substantial improvement in its S&P Global Corporate Sustainability Assessment (CSA) score for 2025, reaching 72 points compared to 56 in 2024. The most significant gains were seen in the Environment category, which rose by 23 points to 76, and the Social category, which increased by 19 points to 72. This 16-point overall improvement reflects the company's enhanced focus on ESG principles across its textile, paper, and chemical business segments. Higher ESG scores are increasingly critical for attracting institutional capital and maintaining global supply chain competitiveness.
Key Highlights
Overall S&P Global CSA Score increased by 16 points, rising from 56 in 2024 to 72 in 2025.
Environment score saw the highest year-on-year jump of 23 points, reaching a total of 76.
Social score improved by 19 points to 72, while Governance & Economic score rose by 6 points to 68.
The score reflects performance across vertically integrated textile, paper, and chemical manufacturing facilities.
💼 Action for Investors
Investors should recognize this as a positive step in risk management and sustainability, which may increase the stock's appeal to ESG-focused institutional funds. While not a direct driver of short-term earnings, it strengthens the company's long-term operational resilience.
Laxmi Dental Reports Q3 FY26 Revenue of ₹477.7M; Net Loss of ₹18.9M on Exceptional Labour Code Costs
Laxmi Dental reported a year-on-year revenue growth of 11.7% for Q3 FY26, reaching ₹477.74 million. However, the company swung to a net loss of ₹18.90 million for the quarter, compared to a profit of ₹32.14 million in the same period last year. This loss was primarily driven by a one-time exceptional item of ₹51.56 million related to gratuity provisions under the New Labour Codes. For the nine-month period, net profit stands at ₹125.40 million, a significant decline from ₹215.99 million in the previous year.
Key Highlights
Revenue from operations grew 11.7% Y-o-Y to ₹477.74 million, though it declined 11.1% on a Q-o-Q basis.
Reported a Net Loss of ₹18.90 million in Q3 FY26 vs a Net Profit of ₹32.14 million in Q3 FY25.
Recognized a one-time exceptional expense of ₹51.56 million for incremental gratuity impact following New Labour Code notifications.
Employee benefit expenses increased by 30% Y-o-Y to ₹200.91 million.
Utilized ₹669.78 million of IPO proceeds to date, with ₹611.92 million currently held in fixed deposits.
💼 Action for Investors
Investors should treat the net loss as largely non-recurring due to the one-time labour code provision, but should monitor the sequential decline in revenue. Watch for stabilization in operating margins and the deployment of remaining IPO funds for growth.
Trident to Incorporate New Global Subsidiary for US Expansion; Sells MYTRIDENT.COM for ₹1 Lakh
Trident Limited has announced a strategic restructuring by incorporating a new wholly-owned subsidiary, Trident Global Industries Limited, to focus on brand-building and marketing in overseas markets, specifically the U.S. Simultaneously, the company is divesting its 100% stake in MYTRIDENT.COM LIMITED to a promoter group associate for INR 1,00,000. The divested entity had zero turnover in the last financial year and was not a material subsidiary. This move indicates a shift towards aggressive international market penetration while streamlining domestic digital assets.
Key Highlights
Incorporation of Trident Global Industries Limited as a 100% Domestic Wholly Owned Subsidiary for global marketing.
Strategic emphasis on the U.S. market to enhance brand presence and selling initiatives.
Disinvestment of 100% stake in MYTRIDENT.COM LIMITED for a cash consideration of INR 1,00,000.
MYTRIDENT.COM reported NIL turnover and was sold to an associate entity at arm's length.
The board meeting concluded on February 09, 2026, with immediate execution of the share purchase agreement.
💼 Action for Investors
Investors should view the focus on the U.S. market as a positive growth catalyst. Monitor future updates regarding the operational scale-up of the new global subsidiary.
Trident to Form New Global Subsidiary for US Market; Disinvests MYTRIDENT.COM for ₹1 Lakh
Trident Limited has announced the incorporation of a new wholly-owned subsidiary, Trident Global Industries Limited, specifically to boost brand-building and marketing in overseas markets like the U.S. Simultaneously, the company is disinvesting its 100% stake in MYTRIDENT.COM LIMITED to an associate entity for a cash consideration of INR 1,00,000. The disinvested entity had nil turnover in the previous financial year, indicating a non-material impact on current revenues. This restructuring suggests a strategic shift towards direct international market penetration while offloading domestic digital assets to a promoter-linked entity.
Key Highlights
Incorporation of Trident Global Industries Limited as a new domestic wholly-owned subsidiary.
Strategic focus of the new entity is on brand presence and marketing in the U.S. textile market.
Disinvestment of 10,000 equity shares (100% stake) in MYTRIDENT.COM LIMITED.
Sale consideration of INR 1,00,000 received from buyer Trident Global Corp Limited.
MYTRIDENT.COM LIMITED reported NIL turnover during the last financial year.
💼 Action for Investors
Investors should watch for improved export margins and brand traction in the U.S. following the new subsidiary's operations. The disinvestment is a minor related-party restructuring and does not significantly impact the company's core financials.
Trident Q3 FY26 Results: New US Subsidiary Formed, Divests MyTrident.com
Trident Limited approved its Q3 FY26 financial results and announced a strategic shift in its subsidiary portfolio. The company is setting up a new domestic subsidiary to aggressively target the U.S. market through brand-building and marketing initiatives. Concurrently, it has exited its investment in MYTRIDENT.COM LIMITED, which was a wholly-owned subsidiary. The auditor's report noted a quarterly loss of Rs. 12.1 million from the Employee Welfare Trust and referenced ongoing tax-related matters from previous years.
Key Highlights
Approved unaudited standalone and consolidated financial results for the quarter ended December 31, 2025
Incorporating a new Domestic Wholly Owned Subsidiary to focus on US market expansion and brand building
Completed 100% disinvestment in MYTRIDENT.COM LIMITED, effective February 09, 2026
Trident Limited Employee Welfare Trust reported a net loss of Rs. 12.1 million for the quarter
Auditors maintained an 'Emphasis of Matter' regarding previous Income Tax Department searches at company locations
💼 Action for Investors
Investors should monitor the impact of the new US-focused subsidiary on export revenues and the rationale behind exiting the MyTrident.com platform. The stock remains a watch as the company pivots its marketing strategy.
De Nora India Q3 Results: Revenue Jumps 104% YoY, Significant Turnaround to Profit
De Nora India Limited reported a robust performance for the quarter ended December 31, 2025, with revenue from operations surging 104% year-on-year to ₹3,584.14 lakhs. The company achieved a net profit of ₹257.18 lakhs, marking a significant turnaround from a net loss of ₹781.08 lakhs in the corresponding quarter of the previous year. For the nine-month period (9M FY26), revenue has already reached ₹9,965.48 lakhs, which is substantially higher than the full-year FY25 revenue of ₹6,858.24 lakhs. While the year-on-year growth is exceptional, the quarterly profit saw a sequential decline from Q2 FY26 due to higher raw material costs and warranty provisions.
Key Highlights
Revenue from operations grew 104% YoY to ₹3,584.14 lakhs in Q3 FY26 compared to ₹1,755.86 lakhs in Q3 FY25.
Reported a net profit of ₹257.18 lakhs for the quarter, recovering from a loss of ₹781.08 lakhs in the same period last year.
9M FY26 revenue stands at ₹9,965.48 lakhs, more than doubling the 9M FY25 revenue of ₹4,845.13 lakhs.
Earnings per share (EPS) for the quarter improved to ₹4.84 from a negative ₹14.71 YoY.
Recognized a warranty expense provision of ₹586.51 lakhs during the quarter based on past claims.
💼 Action for Investors
The massive year-on-year growth and nine-month turnaround indicate strong business momentum in the Electrode Technologies segment. Investors should maintain a positive outlook but monitor the impact of warranty provisions and raw material costs on operating margins in upcoming quarters.
De Nora India Q3 FY26 Revenue Jumps 104% YoY to ₹35.8 Cr, Returns to Profit
De Nora India reported a strong turnaround in Q3 FY26, with revenue from operations doubling to ₹35.84 crore compared to ₹17.56 crore in the same quarter last year. The company posted a net profit of ₹2.57 crore, a significant recovery from a net loss of ₹7.81 crore in Q3 FY25. For the nine-month period ending December 2025, revenue surged to ₹99.65 crore from ₹48.45 crore, indicating robust growth in its core Electrode Technologies segment. While sequential profit dipped slightly from Q2 FY26, the year-on-year recovery and massive top-line expansion remain the primary highlights.
Key Highlights
Revenue from operations grew 104% YoY to ₹3,584.14 lakhs in Q3 FY26.
Net Profit stood at ₹257.18 lakhs, compared to a net loss of ₹781.08 lakhs in the previous year's corresponding quarter.
Nine-month revenue for FY26 reached ₹9,965.48 lakhs, more than double the ₹4,845.13 lakhs recorded in the same period last year.
Earnings Per Share (EPS) improved to ₹4.84 for the quarter from a negative ₹14.71 in Q3 FY25.
Warranty expenses remained a significant cost factor at ₹586.51 lakhs for the quarter, impacting margins.
💼 Action for Investors
The company has demonstrated a strong operational turnaround and massive revenue growth, though sequential margins compressed due to higher material and warranty costs. Investors should monitor the sustainability of this growth in the Electrode Technologies segment and the impact of recurring warranty provisions on bottom-line stability.