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Kriti Industries Q3 FY26 Revenue at ₹135.8 Cr; Net Loss Narrows Significantly to ₹46.6 Lakhs
Kriti Industries reported a consolidated revenue of ₹135.79 crore for Q3 FY26, a 35.3% decline compared to ₹209.88 crore in the same quarter last year. Despite the revenue drop, the company successfully narrowed its net loss to ₹46.6 lakhs from a substantial loss of ₹10.89 crore in Q3 FY25. On a sequential basis, the company showed strong recovery with revenue growing 58.4% from ₹85.73 crore in Q2 FY26. However, the nine-month performance remains weak with a total net loss of ₹2.88 crore compared to a loss of ₹0.62 crore in the previous year.
Key Highlights
Consolidated Revenue from Operations fell 35.3% YoY to ₹135.79 crore in Q3 FY26.
Net Loss narrowed to ₹46.6 lakhs in Q3 FY26 from a loss of ₹10.89 crore in the year-ago period.
Finance costs significantly reduced to ₹3.18 crore from ₹5.86 crore YoY, aiding the bottom line.
Sequential revenue grew by 58.4% compared to Q2 FY26, indicating a recovery from the previous quarter.
9M FY26 consolidated revenue stands at ₹445.58 crore, down from ₹584.40 crore in 9M FY25.
💼 Action for Investors
Investors should maintain a watch on the company's ability to sustain the sequential recovery in revenue and further reduce losses. While the narrowing of losses is a positive sign, the significant year-on-year decline in top-line growth needs to be addressed for long-term stability.
Kolte-Patil Q3 FY26 Net Profit Declines 30% YoY to ₹20.34 Cr; Blackstone Now Holds 40% Stake
Kolte-Patil Developers reported a 30.3% YoY decline in net profit to ₹20.34 crore for Q3 FY26, down from ₹29.18 crore in the same period last year. Revenue from operations also decreased by 16.8% YoY to ₹249.17 crore. For the nine-month period ended December 2025, the company posted a marginal net loss of ₹1.07 crore compared to a profit of ₹44.02 crore in 9M FY25. A significant development is the completion of a preferential allotment and share purchase by a Blackstone affiliate, which now holds a 40% equity stake in the company.
Key Highlights
Net profit for Q3 FY26 fell 30.3% YoY to ₹20.34 crore from ₹29.18 crore.
Revenue from operations declined 16.8% YoY to ₹249.17 crore in Q3 FY26.
Blackstone affiliate (BREP Asia III) successfully acquired a 40% equity stake in the company.
The company reported a net loss of ₹1.07 crore for 9M FY26 versus a profit of ₹44.02 crore YoY.
Amalgamation of subsidiary Kolte-Patil Integrated Townships Limited was completed effective October 31, 2025.
💼 Action for Investors
Investors should remain cautious due to the decline in quarterly profitability and the 9M loss, while closely monitoring how Blackstone's 40% stake influences future project scaling and capital efficiency.
Kolte-Patil MD Rajesh Patil Reduces Salary to Re. 1 Per Month Effective Feb 2026
The Board of Kolte-Patil Developers Limited has approved a voluntary reduction in the remuneration of Managing Director Mr. Rajesh Patil to a nominal Re. 1 per month, effective February 1, 2026. This move is part of the company's new strategic arrangements with a long-term investor, indicating a high level of promoter commitment. Despite the salary reduction, Mr. Patil will continue to lead the company's operations and strategic direction with no change in his role or tenure. This alignment with investor interests is generally viewed as a positive signal for corporate governance and fiscal discipline.
Key Highlights
MD Rajesh Patil's remuneration revised to Re. 1 per month starting February 1, 2026
Reduction is voluntary and linked to strategic arrangements with a long-term investor
No change in the role, responsibilities, or tenure of the Managing Director
The decision was approved during the Board Meeting held on February 5, 2026
💼 Action for Investors
Investors should view this as a strong sign of promoter alignment with long-term capital partners. Monitor for further disclosures regarding the specific 'strategic arrangements' with the long-term investor mentioned.
Pitti Engineering 9MFY26 Total Income at ₹1,447 Cr; Traction & Railway Segment Leads at 33%
Pitti Engineering Limited reported a total income of ₹1,447 crores for the nine-month period ending December 2025. The company's revenue is well-diversified, with the Traction Motor and Railway segment contributing 33%, followed by Power Generation at 16%. Exports remain a significant driver, accounting for ₹398 crores or 28% of total revenue in 9MFY26. Strategic growth is being fueled by the acquisition of Bagadia Chaitra Industries and Dakshin Foundry, alongside a ₹197 crore capex plan for high-value machined components.
Key Highlights
Total Income for 9MFY26 reached ₹1,447 crores with operations across 6 manufacturing facilities.
Traction motor and railway components revenue share grew to 33% in 9MFY26 compared to 32% in 9MFY25.
Exports revenue stood at ₹398 crores for 9MFY26, representing 28% of the total revenue mix.
Company is executing a ₹197 crore additional capex plan to expand into complex and critical machined components.
Strategic acquisitions of Bagadia Chaitra Industries and Dakshin Foundry have been completed to enhance vertical integration.
💼 Action for Investors
The company's shift toward high-margin machined components and its strong position in the railway and renewable sectors provide a positive long-term outlook. Investors should monitor the margin expansion resulting from the integration of recent acquisitions and the new capex cycle.
Pitti Engineering to Merge Wholly Owned Subsidiaries PIPL and DFPL with Itself
Pitti Engineering Limited (PEL) has approved the amalgamation of its two wholly-owned subsidiaries, Pitti Industries Private Limited (PIPL) and Dakshin Foundry Private Limited (DFPL), into the parent company. For the period ending March 31, 2025, PIPL and DFPL reported turnovers of ₹240.84 crore and ₹67.80 crore respectively, compared to PEL's standalone turnover of ₹1,511.87 crore. The merger is intended to simplify the corporate structure, eliminate duplication of work, and achieve economies of scale. As the entities are 100% owned, no new shares will be issued, and there will be no change in PEL's shareholding pattern.
Key Highlights
Merger of PIPL (₹240.84 Cr turnover) and DFPL (₹67.80 Cr turnover) into PEL (₹1,511.87 Cr turnover)
Combined net worth of the two amalgamating subsidiaries stands at ₹109.69 crore as of March 2025
No cash consideration or share issuance involved as the entities are 100% subsidiaries of PEL
Expected to reduce overheads, rationalise compliance requirements, and create a stronger base for growth
The scheme is subject to approval from the Hon’ble National Company Law Tribunal (NCLT), Hyderabad Bench
💼 Action for Investors
This consolidation is a positive move to improve operational efficiency and margins by reducing administrative redundancies. Investors should maintain their positions as the merger simplifies the group structure without diluting equity.
Pitti Engineering to Merge Two Subsidiaries; Approves Q3 FY26 Financial Results
Pitti Engineering's board has approved the amalgamation of its two wholly-owned subsidiaries, Pitti Industries Private Limited and Dakshin Foundry Private Limited, into the parent company. These subsidiaries reported a combined turnover of approximately ₹308.64 crore and a net worth of ₹109.69 crore for FY25. The merger is intended to simplify the corporate structure, reduce overhead costs, and create operational synergies. Since these are 100% subsidiaries, no new shares will be issued, and the shareholding pattern remains unchanged.
Key Highlights
Approved merger of Pitti Industries (FY25 turnover ₹240.84 Cr) and Dakshin Foundry (FY25 turnover ₹67.80 Cr) with the parent entity.
The consolidation aims to integrate manufacturing of electrical steel laminations and high-quality castings for better resource utilization.
No cash consideration or share exchange involved as the amalgamating companies are wholly-owned subsidiaries.
Appointed Shri Gummalla Vijaya Kumar, a legal veteran with 4 decades of experience, as an Additional Director.
Board approved un-audited standalone and consolidated financial results for the quarter ended December 31, 2025.
💼 Action for Investors
Investors should look favorably on this consolidation as it likely leads to improved margins through cost rationalization. Monitor the detailed Q3 FY26 earnings release for specific performance metrics of the core business.
Pitti Engineering to Merge 2 Subsidiaries with Combined FY25 Turnover of ₹308.64 Cr
Pitti Engineering (PEL) has approved the amalgamation of its two wholly-owned subsidiaries, Pitti Industries Private Limited (PIPL) and Dakshin Foundry Private Limited (DFPL), into the parent company. This merger is designed to simplify the corporate structure, eliminate duplication of work, and enhance operational efficiencies. For the period ending March 31, 2025, PIPL and DFPL reported turnovers of ₹240.84 Cr and ₹67.80 Cr respectively. Since these are 100% subsidiaries, no new shares will be issued, and there will be no change in the shareholding pattern of PEL.
Key Highlights
Approved the merger of wholly-owned subsidiaries PIPL and DFPL with Pitti Engineering Limited.
PIPL and DFPL recorded FY25 turnovers of ₹240.84 Cr and ₹67.80 Cr, with net worths of ₹38.63 Cr and ₹71.06 Cr respectively.
The merger involves no cash consideration or share issuance as the subsidiaries are already 100% owned.
Appointed Shri Gummalla Vijaya Kumar, an advocate with 40 years of experience, as an Additional Director.
Approved un-audited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025.
💼 Action for Investors
The internal consolidation is a positive move to reduce overheads and improve resource utilization. Investors should monitor the upcoming detailed financial results for growth trends in the core engineering business.
Kolte-Patil Cancels Q3 FY26 Earnings Call Amid Leadership Transition and Restructuring
Kolte-Patil Developers has announced it will not host a conference call for its Q3 and 9M FY26 financial results. The company is currently undergoing a phase of integration and leadership transition, which includes internal restructuring and Board-level realignments. These measures are intended to strengthen governance and enhance operational efficiency. While the direct management interaction via a call is suspended, the company has released its Q3 FY26 results and investor presentation for public review.
Key Highlights
Cancellation of the post-results conference call for Q3 and 9M FY26.
Ongoing leadership transition and internal restructuring measures are being implemented.
Board-level realignments underway to improve governance and strategic alignment.
Investors directed to the Q3 FY26 Investor Presentation and Results Release for financial details.
💼 Action for Investors
Investors should carefully analyze the published Q3 FY26 financial statements and investor presentation to assess performance without management commentary. Monitor for updates regarding the new leadership structure and the impact of restructuring on operational efficiency.
Kolte-Patil Q3 FY26: Highest Ever Quarterly Collections at ₹709 Cr; Pre-sales at ₹605 Cr
Kolte-Patil Developers reported its highest-ever quarterly collections of ₹709 crore in Q3 FY26, despite a year-on-year dip in pre-sales value to ₹605 crore. The company significantly strengthened its pipeline by acquiring projects with a Gross Development Value (GDV) of ~₹2,250 crore in Pune during the first nine months of the fiscal year. While the 9M FY26 bottom line remains in the red with a net loss of ₹22.9 crore, the company maintains a robust project portfolio of 37.2 million sq. ft. with a total revenue potential of ~₹29,800 crore. A strategic 40% equity stake held by Blackstone funds provides a strong financial cushion for ongoing expansion.
Key Highlights
Achieved highest-ever quarterly collections of ₹709 crore in Q3 FY26, representing a significant jump from ₹567 crore in Q3 FY25.
9M FY26 pre-sales reached ₹1,891 crore with a sales volume of 2.39 million sq. ft., though lower than the ₹2,161 crore recorded in 9M FY25.
Acquired two major projects in Bhugaon, Pune, with a combined estimated GDV of ~₹2,250 crore and saleable area of ~3 million sq. ft.
Total project portfolio stands at 37.2 million sq. ft. across Pune, Mumbai, and Bengaluru, with an estimated top-line potential of ~₹29,800 crore.
Blackstone funds currently hold a 40% stake in the company following a phased equity investment completed in Q2 FY26.
💼 Action for Investors
Investors should focus on the company's ability to convert its massive ₹29,800 crore GDV pipeline into realized revenue, especially with Blackstone's strategic backing. While operational collections are strong, the dip in pre-sales and current net losses suggest a need for caution regarding short-term profitability.
Kolte-Patil Q3FY26: Record Collections of ₹709 Cr and All-Time High Realizations
Kolte-Patil Developers reported a strong operational performance for Q3FY26, highlighted by record quarterly collections of ₹709 crore, a 25% YoY increase. The company achieved its highest-ever historical realization of ₹8,726 per sq. ft., reflecting strong pricing power and a shift toward premium projects. Business development remained aggressive with project acquisitions totaling ₹2,250 crore in GDV during the first nine months. The strategic 40% stake acquisition by Blackstone marks a significant institutional milestone, expected to drive governance and operational efficiencies.
Key Highlights
Achieved record quarterly collections of ₹709 crore, up 25% YoY and 19% QoQ.
Realizations reached an all-time high of ₹8,726 per sq. ft., marking a 12% QoQ increase.
Acquired projects with an aggregate GDV of ~₹2,250 crore (~3 Mn Sq. Ft.) during 9MFY26.
Blackstone partnership finalized with a 40% stake, leading to enhanced institutional and board-level governance.
Sales value for Q3 stood at ₹605 crore, impacted by the timing of 2.19 Mn sq. ft. of launches late in the quarter.
💼 Action for Investors
Investors should view the record collections and realizations as a sign of strong brand equity and operational health. The entry of Blackstone as a major stakeholder provides a significant catalyst for long-term institutional growth and project execution.
Nitin Fire Protection Settles Financial Creditor Loans; CRISIL Withdraws Rs 450 Cr Ratings
Nitin Fire Protection Industries Limited has successfully settled all outstanding loans with its financial creditors. Following this settlement, the company requested CRISIL Ratings to withdraw its ratings on bank loan facilities totaling Rs 450 Crore. CRISIL has officially withdrawn these ratings as of January 27, 2026. This move signifies a major cleanup of the company's balance sheet and the closure of multiple credit facilities across several major banks including IDBI and Axis Bank.
Key Highlights
Full settlement of all loans with financial creditors achieved by the company.
CRISIL Ratings withdrawn for bank loan facilities totaling Rs 450 Crore.
Affected facilities include Cash Credit (Rs 120 Cr), Letters of Credit (Rs 170 Cr), and Bank Guarantees (Rs 39 Cr).
Key lenders involved in the settled facilities include IDBI Bank, Axis Bank, Bank of Baroda, and Dena Bank.
💼 Action for Investors
The settlement of all financial creditor debt is a significant positive development for the company's solvency. Investors should monitor the company's ability to restart or expand operations now that the debt burden has been cleared.
Kolte-Patil Q3 PAT Declines 30% YoY to ₹20.3 Cr; Blackstone Stake Reaches 40%
Kolte-Patil Developers reported a standalone Profit After Tax (PAT) of ₹20.34 crore for Q3 FY26, a 30.3% decline from ₹29.18 crore in the same quarter last year. Revenue from operations fell to ₹249.17 crore compared to ₹299.38 crore YoY, reflecting the lumpy nature of real estate revenue recognition. For the nine-month period ended December 2025, the company posted a net loss of ₹1.07 crore against a profit of ₹44.02 crore in the previous year. A significant strategic milestone was reached with Blackstone (BREP Asia) now holding a 40% stake in the company following a preferential allotment and share purchase.
Key Highlights
Standalone Revenue from operations for Q3 FY26 stood at ₹249.17 crore, down 16.8% YoY.
Net Profit for the quarter decreased to ₹20.34 crore from ₹29.18 crore in Q3 FY25.
Nine-month revenue for FY26 saw a sharp decline to ₹422 crore from ₹881.27 crore in 9M FY25.
Blackstone affiliate completed the acquisition of a 40% stake via preferential allotment of 1.26 crore shares at ₹329 per share.
Amalgamation of Kolte-Patil Integrated Townships Limited with the company became effective on October 31, 2025.
💼 Action for Investors
While the quarterly earnings show a decline in profit and revenue, investors should focus on the strategic entry of Blackstone as a 40% stakeholder which could provide significant growth capital and operational expertise. Monitor the execution of the project pipeline and the impact of the recent merger on consolidated margins.
Jyoti Structures Appoints Industry Veteran Amit Dutta as COO with 36 Years of Experience
Jyoti Structures Limited has announced the appointment of Mr. Amit Dutta as its Chief Operating Officer (COO) effective February 5, 2026. Mr. Dutta is a seasoned professional with 36 years of experience in the power transmission and distribution (T&D) sector. His expertise covers business development, project execution, and contract management for high-voltage and extra-high-voltage projects globally. This strategic hire is expected to enhance the company's operational efficiency and project delivery capabilities.
Key Highlights
Appointment of Mr. Amit Dutta as Chief Operating Officer (COO) effective February 5, 2026
Mr. Dutta brings 36 years of specialized experience in the transmission and distribution sector
Expertise includes delivering high-voltage (HV) and extra-high-voltage (EHV) projects in India and international markets
Focus areas include business development, tendering, project execution, and cost/time control management
💼 Action for Investors
Investors should view this as a positive step toward strengthening operational leadership, though they should monitor if this translates into improved project execution and margin control in future earnings.
Kritika Wires Q3 FY26 PAT Declines 23% YoY to ₹1.63 Cr; Revenue Down 10% YoY
Kritika Wires reported a weak performance for Q3 FY26, with revenue from operations declining 10% YoY to ₹161.13 crore. Net profit for the quarter fell by 23% YoY to ₹1.63 crore, down from ₹2.12 crore in the previous year's corresponding quarter. While the nine-month revenue showed an 8.2% growth, the nine-month PAT dropped significantly to ₹4.14 crore from ₹6.74 crore YoY, reflecting margin pressure. The company also announced the resignation of its Company Secretary and Compliance Officer, effective January 20, 2026.
Key Highlights
Revenue from operations decreased 9.9% YoY to ₹161.13 crore in Q3 FY26.
Net Profit (PAT) for the quarter stood at ₹1.63 crore, a 23.1% decline from ₹2.12 crore in Q3 FY25.
9M FY26 PAT fell to ₹4.14 crore compared to ₹6.74 crore in 9M FY25, despite higher cumulative revenue.
Company Secretary Mahesh Kumar Sharma resigned effective January 20, 2026.
A provision of ₹187.55 lakh was previously made for disputed entry tax liabilities, impacting the 9M bottom line.
💼 Action for Investors
Investors should exercise caution as the company is experiencing a decline in both top-line and bottom-line performance on a YoY basis. The pressure on margins despite higher 9M revenue suggests rising operational costs or pricing challenges that need monitoring.
Kritika Wires Q3 FY26 Revenue Drops 8.5% YoY to ₹163.77 Cr; PAT Declines 27.8%
Kritika Wires Limited reported a weak set of results for Q3 FY26, with revenue from operations falling 8.5% YoY to ₹16,377.43 lakh. Net profit for the quarter saw a sharp decline of 27.8% YoY, coming in at ₹153.01 lakh compared to ₹211.92 lakh in the previous year. While cumulative 9-month revenue grew to ₹54,761.41 lakh, the 9-month net profit dropped significantly to ₹414.28 lakh from ₹673.72 lakh, indicating severe margin pressure. Additionally, the company announced the resignation of its Company Secretary, Mr. Mahesh Kumar Sharma.
Key Highlights
Revenue from operations decreased 8.5% YoY to ₹16,377.43 lakh in Q3 FY26.
Net Profit (PAT) for the quarter fell 27.8% YoY to ₹153.01 lakh.
9-month PAT dropped to ₹414.28 lakh from ₹673.72 lakh in the previous year despite higher sales.
Finance costs reduced to ₹96.20 lakh in Q3 FY26 from ₹156.19 lakh in Q3 FY25.
Company Secretary and Compliance Officer Mahesh Kumar Sharma resigned effective January 20, 2026.
💼 Action for Investors
Investors should exercise caution as the company is experiencing significant margin contraction despite maintaining revenue levels over a 9-month period. Monitor raw material cost trends and the company's ability to pass on costs in the industrial steel wire segment.
Bharti Hexacom Q3 Net Profit Jumps 81% YoY to ₹4,737 Million
Bharti Hexacom reported a strong Q3 FY26 with revenue from operations rising to ₹23,598 million, a 4.8% increase year-on-year. Net profit surged by 81.5% YoY to ₹4,737 million, supported by steady operational growth and a one-time tax credit. The company's EBITDA margin stood healthy at 54.7%, while the mobile services segment remained the dominant revenue contributor. Profitability was further boosted by a ₹487 million exceptional tax credit related to spectrum usage charges.
Key Highlights
Revenue from operations grew 4.8% YoY to ₹23,598 million compared to ₹22,507 million in Q3 FY25.
Net profit increased significantly to ₹4,737 million from ₹2,609 million in the same quarter last year.
EBITDA reached ₹12,919 million, reflecting a year-on-year growth of 7.9%.
Recognized an exceptional tax credit of ₹487 million following a favorable tribunal judgment on spectrum usage charges.
Basic EPS rose to ₹9.47 for the quarter, up from ₹5.22 in the year-ago period.
💼 Action for Investors
The strong bottom-line growth and margin stability indicate robust operational health; investors should remain positive while monitoring the long-term impact of the New Labour Codes.
Bharti Airtel Q3 FY26: Revenue Rises 3.5% QoQ to ₹53,982 Cr; Net Debt Reduced Significantly
Bharti Airtel delivered a robust performance for Q3 FY26, with consolidated revenue growing 3.5% QoQ to Rs 539,816 million. EBITDA margins remained strong, with EBITDA rising 4.1% QoQ to Rs 311,436 million. The company saw a significant expansion in its total customer base, reaching 645.3 million users across 17 countries. Most notably, net debt excluding lease obligations was reduced by over Rs 141,600 million during the quarter, reflecting strong cash flow generation.
Key Highlights
Consolidated Revenue for Q3 FY26 reached Rs 539,816 million, up from Rs 521,454 million in Q2.
EBITDA grew 4.1% QoQ to Rs 311,436 million, with an Operating Free Cash Flow of Rs 193,567 million.
Total customer base expanded to 645.3 million, a net addition of approximately 21.7 million users QoQ.
Net Debt (excluding lease obligations) decreased significantly to Rs 1,124,912 million from Rs 1,266,513 million in the previous quarter.
Net Income before exceptional items stood at Rs 69,199 million, maintaining a steady growth trajectory.
💼 Action for Investors
Investors should take confidence in the company's ability to grow its subscriber base while simultaneously reducing debt. The stock remains a core portfolio holding for exposure to the Indian and African telecom growth stories.
Bharti Airtel Q3 FY26 Net Profit Rises 25.5% YoY to ₹6,920 Cr; ARPU Hits ₹259
Bharti Airtel delivered a robust performance in Q3 FY26, with consolidated revenue growing 19.6% YoY to ₹53,982 crore. The growth was underpinned by a 13.2% YoY increase in India revenues and strong momentum in the Africa segment. Key operational metrics improved significantly, with India Mobile ARPU reaching ₹259 and the Homes business reporting record customer additions of 1.16 million. The company also demonstrated strong financial discipline, with the Net Debt to EBITDAaL ratio improving to 1.02 times.
Key Highlights
Consolidated Net Income (before exceptional items) grew 25.5% YoY to ₹6,920 crore.
India Mobile ARPU increased to ₹259 from ₹245 in Q3 FY25, driven by customer premiumization.
Homes business revenue surged 32.6% YoY with record quarterly net customer additions of 1.16 million.
Consolidated EBITDA margin expanded to 57.7%, with India business margins reaching 60.4%.
Net Debt to EBITDAaL ratio (annualized) improved to 1.02x, reflecting sustained deleveraging.
💼 Action for Investors
Investors should maintain a positive outlook as Airtel continues to lead in ARPU growth and high-value customer acquisition. The explosive growth in the Homes segment and consistent deleveraging provide a strong foundation for long-term value creation.
Bharti Airtel Q3 FY26 Revenue Grows 3.5% QoQ to ₹53,982 Cr; Net Profit at ₹8,503 Cr
Bharti Airtel reported a steady performance for Q3 FY26 with consolidated revenue reaching ₹53,982 crore, a 3.5% sequential growth. Consolidated EBITDA stood at ₹31,485 crore, maintaining strong margins despite an exceptional charge of ₹257 crore related to the new Labour Codes provision. The India Mobile Services segment continued its growth trajectory, contributing ₹28,652 crore to the top line. Additionally, the company has called for the final payment of ₹401.25 per share on its outstanding partly paid-up equity shares.
Key Highlights
Consolidated Revenue from operations rose 19.6% YoY to ₹539,816 million
EBITDA for the quarter stood at ₹314,851 million compared to ₹302,891 million in the previous quarter
Mobile Services India revenue grew to ₹286,516 million, up from ₹281,167 million in Q2 FY26
Exceptional item of ₹2,568 million recognized as a provision for gratuity under New Labour Codes
Final call of ₹401.25 per share approved for 39.23 crore partly paid-up equity shares
💼 Action for Investors
Investors should view the steady revenue growth and EBITDA margin expansion as positive indicators of operational health. The final call on rights shares will lead to a cleaner capital structure and provide additional capital for growth.
Bharti Hexacom Q3 FY26 Net Profit Jumps 81% YoY to ₹4,737 Million; EBITDA Margin Hits 54.3%
Bharti Hexacom reported a strong performance for Q3 FY26, with revenue growing to ₹23,598 million compared to ₹22,507 million in the same quarter last year. Net income after exceptional items saw a significant surge of 81.5% YoY, reaching ₹4,737 million. The company's operational efficiency improved as EBITDA margins expanded to 54.3% from 53.0% YoY. Furthermore, the company successfully reduced its net debt to ₹56,289 million from ₹78,900 million a year ago, showcasing a significantly healthier balance sheet.
Key Highlights
Revenue increased to ₹23,598 million in Q3 FY26, up from ₹22,507 million in Q3 FY25.
Net Income (after exceptional items) grew by 81.5% YoY to ₹4,737 million.
EBITDA margin improved to 54.3% compared to 53.0% in the corresponding quarter of the previous year.
Total customer base expanded to 29.038 million, adding over 1 million subscribers YoY.
Net Debt significantly reduced to ₹56,289 million, with the Net Debt to EBITDA ratio improving to 1.10x from 1.65x.
💼 Action for Investors
The company demonstrates strong operational leverage and aggressive debt reduction, which strengthens its financial position. Investors should view this as a positive sign of growth and efficiency in the telecom sector.