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Bharat Gears Q3 Turnaround: Net Profit of ₹2.57 Cr vs ₹10.29 Cr Loss YoY; Revenue Up 33%
Bharat Gears reported a significant turnaround in Q3 FY26, posting a net profit of ₹2.57 crore compared to a net loss of ₹10.29 crore in the same quarter last year. Revenue from operations grew by 33.3% YoY to ₹189.35 crore, driven by improved demand in the automotive gears segment. The company's nine-month profit stands at ₹11.44 crore, a sharp recovery from the marginal profit of ₹1.47 crore in the previous year's corresponding period. However, investors should note a management-related inquiry regarding the Chairman's citizenship status, which the board is currently monitoring.
Key Highlights
Revenue from operations increased 33.3% YoY to ₹189.35 crore in Q3 FY26.
Reported a Net Profit of ₹2.57 crore in Q3 FY26 against a Net Loss of ₹10.29 crore in Q3 FY25.
Earnings Per Share (EPS) improved to ₹1.68 from a negative ₹6.70 in the year-ago quarter.
Total expenses for the quarter were ₹186.45 crore, with finance costs decreasing to ₹5.72 crore from ₹6.04 crore YoY.
The Board addressed a complaint regarding the Chairman's citizenship, concluding his status remains unchanged pending government direction.
💼 Action for Investors
The strong operational turnaround and return to profitability are positive signals for the stock. However, investors should remain cautious and monitor the regulatory outcome regarding the Chairman's citizenship status as it could impact management stability.
Bharat Gears Board Confirms CMD Surinder Paul Kanwar to Continue Amid Citizenship Review
Bharat Gears Limited has concluded its internal review regarding the citizenship status of its Chairman and Managing Director, Mr. Surinder Paul Kanwar. Following a board meeting on January 23, 2026, the company reviewed an independent legal opinion which stated that citizenship determination is the exclusive jurisdiction of the Central Government. Consequently, the Board has decided that Mr. Kanwar's status as an Indian citizen remains unchanged until any official government order is issued. He will continue to discharge his duties as CMD, ensuring leadership continuity for the company.
Key Highlights
Board reviewed a comprehensive independent legal opinion on January 23, 2026, regarding the CMD's citizenship.
Legal opinion concluded that the power to determine citizenship status vests exclusively with the Central Government.
Mr. Surinder Paul Kanwar will continue to discharge his responsibilities as Chairman and Managing Director.
The Board determined his status remains unchanged as an Indian citizen pending any Central Government orders.
The matter originated from a previous board meeting held on November 14, 2025.
💼 Action for Investors
Investors should monitor for any future notifications from the Central Government regarding the CMD's status. While leadership remains stable for now, the underlying inquiry suggests a need for caution regarding potential regulatory developments.