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LTIMindtree Board Approves Name Change to LTM Limited and New Brand Identity
LTIMindtree's Board has approved a proposal to change the company's name to 'LTM Limited', subject to shareholder and regulatory approvals. This rebranding follows the successful integration of LTI and Mindtree and aims to simplify the brand identity for the next growth phase. The company is positioning itself as a 'Business Creativity' partner, focusing on AI-centric services in the 'Agentic Enterprise' era. With a workforce of over 87,000 employees across 40 countries, the move signals a strategic shift toward disruptive technology and human-intelligent systems.
Key Highlights
Board approved changing the legal name from LTIMindtree Limited to LTM Limited on February 11, 2026.
New brand positioning 'LTM — The Business Creativity Partner' introduced to reflect AI-centric global strategy.
The company currently employs over 87,000 people and operates in 40 countries.
Name change is subject to shareholder approval via Postal Ballot and consequential alteration of Memorandum and Articles of Association.
💼 Action for Investors
Investors should view this as a strategic rebranding exercise that does not impact business fundamentals; focus remains on execution in the AI and technology services sector.
LTIMindtree to Rebrand as LTM Limited; Board Approves New Identity and Name Change
LTIMindtree has announced a significant rebranding to LTM Limited, positioning itself as a Business Creativity Partner to reflect its post-merger evolution. The Board approved the name change on February 11, 2026, pending shareholder and regulatory approvals. The company, which employs over 87,000 people across 40 countries, aims to align its identity with the AI-driven Agentic Enterprise era. This transition marks the final step in unifying the LTI and Mindtree brands into a single global entity.
Key Highlights
Board approved changing the legal name from LTIMindtree Limited to LTM Limited on February 11, 2026.
New brand positioning focuses on Business Creativity and the Outcreate call to action for the AI era.
The company maintains a global presence with over 87,000 employees across 40 countries.
Shareholder approval for the name change and MoA/AoA alterations will be sought via a Postal Ballot.
The rebranding follows several years of unified operations since the merger of LTI and Mindtree.
💼 Action for Investors
The rebranding signals the completion of the LTI-Mindtree integration phase and a shift toward an AI-centric identity. Investors should view this as a strategic positioning move that does not immediately impact financials but aims for long-term brand clarity.
Nitin Spinners Seeks Approval to Raise Borrowing Limit to ₹3,000 Crores
Nitin Spinners has issued a postal ballot notice to seek shareholder approval for increasing its borrowing limit to ₹3,000 Crores. This special resolution will supersede the previous limit set during the Annual General Meeting in September 2024. The company is also seeking authorization to create security or mortgages on its assets to secure these potential borrowings. The e-voting process for shareholders is scheduled to conclude on March 13, 2026.
Key Highlights
Proposed increase in aggregate borrowing limit to ₹3,000 Crores in INR or foreign currency.
Authorization to create charges or mortgages on movable and immovable properties up to ₹3,000 Crores.
The new limits will supersede the previous resolutions passed on September 16, 2024.
Remote e-voting period is set from February 12, 2026, to March 13, 2026.
Cut-off date for eligibility to vote is February 6, 2026.
💼 Action for Investors
Investors should monitor for any upcoming announcements regarding large-scale capacity expansion or capital expenditure plans that would necessitate this increased debt headroom. While higher borrowing capacity allows for growth, it is important to track the company's debt-to-equity ratio and interest coverage going forward.
JTEKT India Q3 Net Profit Rises 11.5% YoY to ₹24.76 Cr; Revenue Up 7.9% YoY
JTEKT India reported a steady year-on-year growth for Q3 FY26, with revenue from operations reaching ₹541.03 crore compared to ₹501.27 crore in the same quarter last year. Net profit grew by 11.5% YoY to ₹24.76 crore, despite an exceptional charge of ₹3.53 crore related to a Voluntary Separation Scheme (VSS). On a sequential basis, however, both revenue and profit saw a decline from Q2 FY26 levels. The company also noted that it has accounted for the estimated impact of new Labour Codes within its employee benefit expenses.
Key Highlights
Revenue from operations increased 7.9% YoY to ₹541.03 crore.
Net Profit stood at ₹24.76 crore, up 11.5% from ₹22.21 crore in the previous year's corresponding quarter.
Exceptional cost of ₹3.53 crore incurred during the quarter due to a Voluntary Separation Scheme (VSS).
Profit Before Tax (before exceptional items) grew 20.7% YoY to ₹36.60 crore.
Paid-up equity capital increased to ₹27.74 crore following a ₹249.86 crore Rights Issue completed in August 2025.
💼 Action for Investors
Investors should focus on the company's year-on-year growth trajectory and the efficient utilization of the recently raised Rights Issue capital. While the sequential dip is a point of caution, the overall improvement in PBT before exceptional items indicates better operational efficiency.
JTEKT India Q3 Net Profit Rises 26.5% YoY to ₹32.18 Cr; Revenue Up 20%
JTEKT India reported a strong performance for the quarter ended December 31, 2025, with revenue from operations growing 20% year-on-year to ₹602.11 crore. Net profit increased by 26.5% YoY to ₹32.18 crore, even after accounting for an exceptional cost of ₹3.53 crore related to a Voluntary Separation Scheme (VSS). The company's equity base expanded following a successful ₹249.86 crore rights issue completed in August 2025. Overall, the results reflect robust demand in the automotive component segment and efficient cost management.
Key Highlights
Revenue from operations increased 20% YoY to ₹602.11 crore compared to ₹501.93 crore in the previous year.
Net Profit (PAT) grew 26.5% YoY to ₹32.18 crore from ₹25.42 crore.
Exceptional expense of ₹3.53 crore recorded during the quarter due to a Voluntary Separation Scheme (VSS) offered to workmen.
Earnings Per Share (EPS) for the quarter stood at ₹1.16, up from a restated ₹1.00 in Q3 FY25.
Successfully utilized proceeds from a ₹249.86 crore rights issue completed in August 2025 to fund growth objects.
💼 Action for Investors
Investors should take note of the strong double-digit growth in both revenue and profitability, suggesting healthy demand from automotive OEMs. The successful capital raise via rights issue provides a solid foundation for future expansion, making the stock a positive watch in the auto-ancillary space.
Pitti Engineering Q3 FY26 Adjusted EBITDA Jumps 24.5% YoY to ₹83.3 Cr; Margins Expand to 17.5%
Pitti Engineering reported a 15% YoY increase in Q3 FY26 revenue to ₹484.3 crores, driven by strong demand in railways and data centers. Adjusted EBITDA margins expanded significantly to 17.5% from 16.1% last year, reflecting a strategic shift towards higher-value integrated products. The company is now liquidating excess inventory after securing BIS-certified steel sources from Korea and Japan, which is expected to lower finance costs. Management remains confident in its ₹150 crore capex plan, which is on track to be fully operational by FY27.
Key Highlights
Total lamination volumes grew 21.1% YoY to 16,823 tons in Q3 FY26.
Data center segment revenue contribution increased to 3.7%, with management projecting 25-30% growth in this segment over the next 12-18 months.
Railways and Traction Motors remain the primary revenue driver, contributing 31.9% of total Q3 revenue.
Adjusted PAT for the 9-month period rose 12.7% YoY to ₹97.1 crores despite high finance costs.
Secured long-term tie-ups for BIS-approved steel, allowing for the release of significant working capital previously tied up in safety stock.
💼 Action for Investors
Investors should focus on the improving margin profile as the product mix shifts toward value-added machining. The reduction in finance costs and the ramp-up of the ₹150 crore capex in FY27 are key triggers for future earnings growth.
Airtel Launches AI-Powered Fraud Protection for OTPs; 100% Rollout in 2 Weeks
Bharti Airtel has introduced a first-of-its-kind AI-powered solution to prevent bank frauds caused by OTP leakages during calls. The system operates at the network level to detect bank OTPs during suspicious calls and warns the customer in real-time. Currently live in Haryana, the company plans to roll out this feature to 100% of its customer base within the next two weeks. This initiative is part of Airtel's broader strategy to position itself as a 'safe network' for its 600 million global customers.
Key Highlights
AI-powered autonomous solution detects and intervenes against fraudulent OTP sharing in real-time.
Full rollout to 100% of Airtel's customer base scheduled within the next 14 days.
The solution is already operational in Haryana following successful extensive trials.
Airtel serves over 600 million customers across 15 countries, ranking among the top three mobile operators globally.
The feature builds on existing safeguards like spam-call warnings and malicious link-blocking.
💼 Action for Investors
Investors should recognize this as a strategic move to enhance brand trust and customer retention in a competitive market. While not a direct revenue driver, it strengthens Airtel's premium positioning and technological leadership.
Jyoti CNC Q3 FY26 Revenue Grows 28% to ₹576 Cr; Order Book Robust at ₹4,585 Cr
Jyoti CNC Automation reported strong financial performance for Q3 FY26, with revenue rising 28.1% YoY to ₹576 crore. Profitability saw a significant boost as EBITDA margins expanded to 26.8%, resulting in an EBITDA of ₹155 crore, up 37.3% YoY. The company maintains a massive order book of ₹4,585 crore, providing multi-year revenue visibility. Furthermore, the company successfully doubled its production capacity at its French subsidiary, Huron, to 240 machines to capitalize on global aerospace demand.
Key Highlights
Q3 FY26 Revenue increased 28.1% YoY to ₹576 crore, with 9M FY26 Revenue at ₹1,494 crore.
EBITDA for Q3 FY26 grew 37.3% YoY to ₹155 crore with a healthy margin of 26.8%.
Current order book stands at ₹4,585 crore, ensuring strong execution visibility for upcoming quarters.
Capacity at the French subsidiary (Huron) doubled to 240 machines to cater to rising aerospace and global demand.
PAT for Q3 FY26 stood at ₹89 crore with a 15.4% margin, reflecting a 10.3% YoY growth.
💼 Action for Investors
Investors should focus on the company's ability to execute its large ₹4,585 crore order book and the margin benefits from the high-end aerospace segment. The capacity expansion in France is a strategic positive for global market penetration.
Aarti Drugs Q3 FY26: PAT Surges 58% to ₹40.5 Cr Despite EBITDA Margin Pressure
Aarti Drugs reported a mixed performance for Q3 FY26, with consolidated revenue growing 8% YoY to ₹602.9 crores and PAT surging 58% to ₹40.5 crores. However, EBITDA declined 10% YoY to ₹56.3 crores with margins contracting to 9.3% due to weak antibiotic demand, supply chain disruptions from China, and one-time plant shutdowns for refurbishment. The formulations segment was a bright spot, growing 58% YoY, driven by strong export demand. Management expects significant margin improvement as the new Sayakha facility ramps up from 30% to 50% utilization by April 2026.
Key Highlights
Consolidated revenue increased 8% YoY to ₹602.9 crores, while PAT rose 58% to ₹40.5 crores.
Formulations segment revenue grew 58% YoY to ₹76.6 crores, with exports accounting for 67% of segment sales.
The Sayakha greenfield facility achieved 30% utilization in its first quarter, targeting 50% by April 2026.
Operational headwinds including plant shutdowns and ramp-up costs impacted PBT by approximately ₹14-15 crores.
First oncology product commercialization is scheduled for Q4 FY26, with oncology expected to contribute 40% of formulation revenue in 3 years.
💼 Action for Investors
Investors should focus on the successful ramp-up of the Sayakha facility and the commercialization of the oncology pipeline in Q4 as key triggers for margin recovery. While short-term margins are under pressure, the backward integration strategy is expected to add ₹50 crores to annual EBITDA at full scale.
Titagarh Rail Systems Receives Approval to Operate as Wagon Leasing Company
Titagarh Rail Systems has received official approval from the Ministry of Railways to register as a Wagon Leasing Company (WLC) under the Wagon Leasing Scheme. This allows the company to own railway wagons and lease them for operations on the Indian Railways network. The move marks a strategic entry into the asset ownership segment, transitioning the company from a pure manufacturer to an integrated rail logistics player. This development is expected to create a recurring revenue stream and enhance long-term business visibility.
Key Highlights
Received Railway Board approval for registration as a Wagon Leasing Company (WLC).
Eligible to own and lease railway wagons for the Indian Railways network.
Strategic expansion into the wagon leasing segment to complement manufacturing operations.
Aims to improve long-term revenue visibility through asset ownership and leasing services.
Strengthens integrated presence across the rail logistics and freight mobility ecosystem.
💼 Action for Investors
This is a significant positive development that adds a high-margin recurring revenue stream to Titagarh's business model. Investors should monitor the company's capital expenditure plans for wagon procurement and the subsequent impact on return on equity.
Motisons Jewellers Allots 79 Lakh Shares on Warrant Conversion; Raises ₹10.07 Crore
Motisons Jewellers Limited has allotted 79,00,000 equity shares to Eminence Global Fund PCC following the conversion of 7,90,000 warrants. The company received ₹10.07 crore, representing the final 75% payment required for the conversion at an adjusted price of ₹17 per share. This adjustment accounts for the 1:10 stock split conducted in November 2024. Following this allotment, the company's total paid-up capital has increased to ₹99.64 crore.
Key Highlights
Allotment of 79,00,000 equity shares to Eminence Global Fund PCC upon warrant conversion.
Receipt of ₹10.07 crore as the 75% balance payment for the conversion process.
Conversion price adjusted to ₹17 per share post-split from the original ₹170 per warrant.
Total paid-up capital increased to ₹99.64 crore across 99.64 crore shares of Re 1 each.
Approximately 88.10 lakh warrants remain outstanding for conversion within the 18-month period.
💼 Action for Investors
Investors should view this as a positive capital infusion that strengthens the company's balance sheet for future growth. While there is minor equity dilution, the participation of an institutional fund like Eminence Global Fund signals confidence in the company's long-term value.
Jyoti CNC Automation Credit Ratings Reaffirmed at IVR A+ for ₹1,259 Cr Facilities
Infomerics Valuation and Rating Limited has reaffirmed the credit ratings for Jyoti CNC Automation Limited's bank facilities totaling ₹1,259.11 crores. The long-term facilities of ₹810.00 crores maintained an 'IVR A+/ Stable' rating, while combined long/short-term facilities of ₹449.11 crores were reaffirmed at 'IVR A+/ Stable' and 'IVR A1'. This reaffirmation reflects a consistent credit profile and stable financial outlook for the company. It provides assurance to investors regarding the company's ongoing ability to service its debt obligations.
Key Highlights
Infomerics reaffirmed the rating for ₹810.00 crores of Long Term Bank Facilities at IVR A+/ Stable.
Ratings for ₹449.11 crores of Long Term / Short Term Bank Facilities were reaffirmed at IVR A+/ Stable and IVR A1.
The total value of bank facilities covered under this rating update is ₹1,259.11 crores.
The 'Stable' outlook indicates the rating agency's expectation of steady financial performance in the medium term.
💼 Action for Investors
As the ratings have been reaffirmed rather than upgraded or downgraded, there is no immediate action required. Investors should view this as a confirmation of financial stability and continue to monitor quarterly earnings for operational growth.
Titan Q3 FY26 Consolidated Income Surges 40% to ₹24,592 Cr; Jewellery EBIT Grows 66%
Titan reported a stellar Q3 FY26 with consolidated income (excluding bullion) growing 39.9% YoY to ₹24,592 crore, primarily driven by a 42.1% surge in the jewellery segment. Consolidated EBIT rose significantly by 63.3% to ₹2,657 crore, with margins expanding to 10.8% from 9.3% in the previous year. The company also marked its entry into the lab-grown diamond market with the 'beYon' brand and completed a 67% acquisition of Damas Jewellery post-quarter to expand its international footprint. Management highlighted this as one of the best-ever growth quarters for the jewellery business, supported by strong festive demand.
Key Highlights
Consolidated Total Income (excluding Bullion) grew 39.9% YoY to ₹24,592 crore in Q3 FY26.
Jewellery segment EBIT witnessed a massive 66.1% growth, reaching ₹2,475 crore with margins improving to 11%.
Watches and EyeCare segments maintained steady growth of 13.9% and 17.9% respectively during the quarter.
Completed 67% acquisition of Damas Jewellery to target the Middle Eastern market and diverse demographics.
Retail footprint expanded to 3,433 stores across 440 towns with a total retail area of 5.1 million sq. ft.
💼 Action for Investors
Investors should take note of the significant margin expansion in the core jewellery business and the strategic entry into lab-grown diamonds. The acquisition of Damas Jewellery provides a strong international growth lever that warrants a positive long-term outlook.
Titan Q3 FY26 Results: PAT Surges 61% to ₹1,684 Cr; Revenue Jumps 40% on Festive Demand
Titan Company Limited reported a stellar performance for Q3 FY26, with consolidated total income rising 40% YoY to ₹24,592 crores. Profit After Tax (PAT) grew significantly by 61% to ₹1,684 crores, while EBIT margins expanded by 155 bps to 10.8%. The growth was primarily driven by the Jewellery segment, which saw a 42% increase despite high gold prices, supported by strong festive demand and exchange programs. Additionally, the company completed a 67% acquisition of Damas Jewellery and launched a new lab-grown diamond brand, 'beYon'.
Key Highlights
Consolidated Total Income grew 40% YoY to ₹24,592 crores, led by a 42% surge in the Jewellery business.
Profit After Tax (PAT) increased by 61% YoY to ₹1,684 crores, with EBIT margins improving to 10.8%.
Jewellery segment (excluding bullion) reached ₹22,517 crores, with Caratlane growing 42% and International business up 83%.
Watches and EyeCare segments posted healthy growth of 14% and 18% respectively, while TEAL (Engineering) grew 67%.
Company recognized an exceptional item of ₹152 crore due to higher provisioning for the revised wage structure under the Code on Wages, 2019.
💼 Action for Investors
Titan's ability to deliver 40% revenue growth in a high gold price environment demonstrates strong brand equity and pricing power. Investors should monitor the integration of Damas Jewellery and the reception of the new lab-grown diamond segment as future growth drivers.
Titan Q3FY26 Results: PAT Surges 61% to ₹1,684 Cr; Jewellery Revenue Up 42%
Titan Company Limited reported a stellar performance for Q3FY26, with consolidated total income rising 40% YoY to ₹24,592 crores, driven by robust festive demand. Profit After Tax (PAT) grew by 61% to ₹1,684 crores, while EBIT margins expanded by 155 bps to reach 10.8%. The jewellery segment remained the primary growth engine with a 42% revenue increase, supported by strong performance in Tanishq and Caratlane. Additionally, the company announced the completion of a 67% acquisition of Damas Jewellery post-quarter to expand its international footprint.
Key Highlights
Consolidated Total Income grew 40% YoY to ₹24,592 crores, with Profit Before Tax (before exceptional items) rising 70% to ₹2,375 crores.
Jewellery business revenue increased 42% to ₹22,517 crores, with the international jewellery segment recording a massive 83% growth.
Watches and EyeCare divisions grew 14% and 18% respectively, while the Engineering business (TEAL) surged 67% YoY.
EBIT margin improved to 10.8% from 9.3% YoY, despite an exceptional charge of ₹152 crore for revised wage structures.
Titan launched 'beYon', a lab-grown jewellery brand, and finalized the acquisition of a 67% stake in Damas Jewellery.
💼 Action for Investors
Investors should maintain a positive outlook given Titan's ability to drive 40% growth even in a high gold price environment. The strategic entry into lab-grown diamonds and international expansion through Damas provides significant long-term growth catalysts.
Ddev Plastiks Q3 Net Profit Rises to ₹48.04 Cr; Declares ₹0.50 Interim Dividend
Ddev Plastiks Industries reported a steady Q3 FY26 performance with revenue from operations growing to ₹732.84 crore, up from ₹660.75 crore in the same quarter last year. Net profit for the quarter stood at ₹48.04 crore, reflecting a year-on-year growth compared to ₹46.60 crore. The company has declared an interim dividend of ₹0.50 per equity share (50% of face value) with a record date of February 20, 2026. Additionally, the company issued a correction for a clerical error in its financial notes regarding the fiscal year reference.
Key Highlights
Revenue from operations increased by 10.9% YoY to ₹732.84 crore in Q3 FY26.
Net profit for the nine-month period ended December 2025 reached ₹147.29 crore, a 10.1% growth YoY.
Interim dividend of ₹0.50 per share announced, with a total payout amounting to ₹517.38 lacs.
Earnings Per Share (EPS) for Q3 FY26 improved to ₹4.64 from ₹4.50 in the previous year's corresponding quarter.
Total income for the nine-month period stood at ₹2,203.85 crore compared to ₹1,881.70 crore YoY.
💼 Action for Investors
Investors should focus on the consistent revenue growth and the dividend payout as signs of financial stability. The stock remains a relevant play in the polymer compounds sector given its steady margin maintenance.
Tirupati Forge Q3 Net Profit Rises 54% to ₹2.02 Cr; Allots 11 Lakh Shares on Warrant Conversion
Tirupati Forge reported a strong performance for Q3 FY26, with revenue from operations surging 85.9% YoY to ₹48.60 crore. Net profit for the quarter grew 54% to ₹2.02 crore, up from ₹1.31 crore in the previous year's corresponding quarter. Alongside the results, the board approved the allotment of 11 lakh equity shares to non-promoter investors following the conversion of warrants at ₹32 per share. This conversion brought in the remaining 75% consideration amounting to ₹2.64 crore, strengthening the company's capital base.
Key Highlights
Revenue from operations increased significantly by 85.9% YoY to ₹48.60 crore in Q3 FY26.
Net profit for the quarter stood at ₹2.02 crore compared to ₹1.31 crore in Q3 FY25.
Allotted 11,00,000 equity shares at an issue price of ₹32 per share (including ₹30 premium) upon warrant conversion.
Received ₹2.64 crore as the final 75% subscription money from two non-promoter allottees.
Nine-month revenue for FY26 reached ₹120.57 crore, surpassing the full-year FY25 revenue of ₹114.98 crore.
💼 Action for Investors
Investors should note the robust top-line growth and successful capital infusion which supports expansion; however, monitoring the impact of equity dilution on future EPS is advised.
Tirupati Forge Q3 PAT Jumps 51% QoQ; Defence Plant Commissioning Set for March 2026
Tirupati Forge reported a strong Q3FY26 with PAT rising 50.75% QoQ to ₹20.20 million, driven by robust export demand which now accounts for 65% of revenue. The company's strategic entry into the defence sector is progressing well, with civil works for the 155mm shell body plant completed and commissioning scheduled for March 2026. This new facility has an annual capacity of 150,000 units, with a target of 50% utilization by Q1FY27. Management also highlighted improved India-US trade relations, providing better visibility for their North American export business.
Key Highlights
PAT increased 50.75% QoQ to ₹20.20 million, while Total Income grew 21.13% to ₹493 million.
Defence project for 155mm M107 shell bodies on track for March 2026 commissioning with 150,000 units annual capacity.
Exports contributed 65% of total revenue, benefiting from a 50% revenue share from North American markets.
EBITDA increased by 33.85% QoQ, aided by ₹7.5 million in energy cost savings from a new solar plant.
Targeting 80% capacity utilization for the defence project by FY28 with further expansion planned in FY27.
💼 Action for Investors
Investors should monitor the successful commissioning of the defence plant in March 2026 as it represents a high-margin growth lever. The stock's performance will likely be tied to the execution of the 50% capacity ramp-up target in Q1FY27.
Tirupati Forge Q3 Net Profit Up 54% YoY to ₹2.02 Cr; 11 Lakh Warrants Converted to Equity
Tirupati Forge Limited reported a robust 85.9% YoY increase in revenue from operations to ₹48.60 crore for the quarter ended December 31, 2025. Net profit for the quarter rose to ₹2.02 crore, up from ₹1.31 crore in the same period last year, marking a strong sequential recovery. The company also approved the allotment of 11 lakh equity shares following the conversion of warrants at ₹32 per share. However, the nine-month net profit of ₹4.77 crore remains lower than the ₹6.56 crore reported in the previous year due to higher operational and finance costs earlier in the fiscal.
Key Highlights
Revenue from operations surged 85.9% YoY to ₹48.60 crore in Q3 FY26.
Net profit for the quarter grew 54% YoY to ₹2.02 crore, with EPS rising to ₹0.16.
Allotment of 11,00,000 equity shares at ₹32 per share (including ₹30 premium) upon warrant conversion.
Nine-month total income reached ₹122.90 crore, though net profit for the period fell 27% YoY to ₹4.77 crore.
Finance costs for the nine-month period increased significantly to ₹2.25 crore from ₹1.21 crore YoY.
💼 Action for Investors
Investors should focus on the strong quarterly growth momentum and sequential margin improvement. While the warrant conversion leads to minor dilution, the capital infusion and top-line growth are positive indicators for long-term recovery.
Motisons Jewellers Q3 Net Profit Reaches ₹15.30 Cr on Revenue of ₹145.30 Cr
Motisons Jewellers reported a robust performance for the quarter ended December 31, 2025, with revenue from operations surging to ₹145.30 crore compared to ₹90.47 crore in the preceding quarter. The company achieved a net profit of ₹15.30 crore for the quarter, bringing the nine-month total profit to ₹32.03 crore. Additionally, the company strengthened its capital base by allotting 40 lakh equity shares following the conversion of warrants, raising ₹5.10 crore. This growth highlights strong festive and wedding season demand during the third quarter.
Key Highlights
Revenue from operations grew 60.6% sequentially to ₹145.30 crore in Q3 FY26.
Net Profit for the quarter stood at ₹15.30 crore with a Basic EPS of ₹1.55.
Nine-month total income reached ₹344.08 crore with a cumulative net profit of ₹32.03 crore.
Successfully allotted 40,00,000 equity shares upon receiving ₹5.10 crore from warrant holders.
Inventory levels saw a significant adjustment of ₹17.59 crore during the quarter to meet seasonal demand.
💼 Action for Investors
Investors should view the strong sequential growth and successful warrant conversion as positive indicators of the company's scaling capabilities. Monitor the sustainability of these margins in the upcoming non-festive quarters to assess long-term valuation.