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Faze Three 9M FY26 Revenue Up 35% to ₹652 Cr; PAT Declines Amid US Tariff Pressures
Faze Three Limited reported a robust 35% YoY revenue growth for 9M FY26, reaching ₹652.4 Cr, which exceeded its initial guidance of 22-25%. However, profitability was significantly impacted by punitive 50% US tariffs and currency volatility, leading to a decline in 9M PAT to ₹14.0 Cr from ₹23.2 Cr in the previous year. The management is optimistic about a margin recovery starting Q4 FY26 following the India-USA trade deal and expects 18-20% revenue growth in FY27. With ₹300 Cr invested in expansion since FY19, the company has significant unutilized capacity (30-60%) to support future growth.
Key Highlights
9M FY26 revenue grew 35% YoY to ₹652.4 Cr, surpassing management's earlier guidance.
9M FY26 PAT fell to ₹14.0 Cr from ₹23.2 Cr due to margin compression from US tariffs and MTM losses on forwards.
Management guides for 18-20% revenue growth in FY27, supported by trade deals with USA, EU, and UK.
Significant capacity headroom available with current utilization at 60% for Silvassa and 50% for Panipat units.
USA business share increased to 65% of total income in 9M FY26 compared to 60% in FY25.
💼 Action for Investors
Investors should focus on the trajectory of EBITDA margins in the upcoming quarters to see if the resolution of US tariff issues leads to the expected profitability recovery. The stock offers a play on the 'China Plus One' strategy in the MMF home textile segment, but margin stability is crucial for a re-rating.
Faze Three Q3 Revenue Rises 27% YoY to ₹216.56 Cr; Net Profit Recovers to ₹5.29 Cr QoQ
Faze Three reported a strong 27.3% YoY increase in standalone revenue for Q3 FY26, reaching ₹216.56 crore. The company successfully returned to profitability on a sequential basis with a net profit of ₹5.29 crore, recovering from a loss of ₹4.36 crore in Q2 FY26. However, on a year-on-year basis, net profit saw a significant decline from ₹11.79 crore in Q3 FY25. The nine-month performance highlights robust top-line growth of 35% YoY, though bottom-line margins were pressured by a ₹11.50 crore realized loss on derivative contracts.
Key Highlights
Standalone Revenue from operations grew 27.3% YoY to ₹216.56 crore in Q3 FY26.
Net Profit for Q3 FY26 stood at ₹5.29 crore, a recovery from the previous quarter's loss but down 55% YoY.
Nine-month revenue reached ₹621.84 crore, up from ₹460.12 crore in the corresponding period last year.
Profitability was impacted by a ₹11.50 crore realized loss on USD-INR derivative contracts during the nine-month period.
Total expenses for the quarter rose to ₹212.63 crore, driven by higher raw material costs and other operational expenses.
💼 Action for Investors
Investors should monitor the company's currency hedging strategy as derivative losses have significantly impacted the bottom line despite strong sales. While the sequential recovery is positive, the year-on-year margin contraction suggests rising operational costs that need to be managed.
Faze Three Approves Q3 FY26 Financial Results and Re-appoints Internal Auditor
Faze Three Limited has approved its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The board meeting, held on February 12, 2026, also confirmed the re-appointment of M/s. N. A. Shah & Associates LLP as the company's internal auditor for the financial year 2025-26. The results have been subjected to a limited review by the statutory auditors, MSKA & Associates LLP. This announcement is a routine regulatory filing following the conclusion of the third quarter of the fiscal year.
Key Highlights
Approved Un-Audited Standalone and Consolidated Financial Results for the quarter ended December 31, 2025
Re-appointed M/s. N. A. Shah & Associates LLP as Internal Auditor for FY 2025-26
Statutory Auditors M/s. MSKA & Associates LLP provided the Limited Review Report for the period
Board meeting commenced at 05:00 PM and concluded at 05:41 PM on February 12, 2026
💼 Action for Investors
Investors should examine the detailed financial tables in the full report to evaluate the company's revenue and profit margins for Q3. The re-appointment of the internal auditor suggests continuity in the company's internal control and governance processes.
GST Inspection Conducted at Faze Three Corporate Offices in Mumbai
Faze Three Limited reported that GST officials conducted a search and inspection at its corporate offices in Mumbai on December 24, 2025. The inspection, carried out under Section 67(2) of the Maharashtra GST Act, involved the verification and collection of GST records and Books of Accounts. The company stated that the search was completed on the same day and has not disrupted regular business operations. Management currently expects no material financial impact from these proceedings and maintains that the company follows high compliance standards.
Key Highlights
Inspection conducted at two corporate locations in Mumbai on December 24, 2025
Action initiated under Section 67(2) of the Maharashtra Goods and Services Tax Act, 2017
GST officials collected GST records, Books of Accounts, and other relevant information
Company reports no disruption to regular operations and expects no material financial impact
No official document regarding specific violations has been issued by authorities yet
💼 Action for Investors
Investors should monitor for any follow-up disclosures regarding tax demands or penalties resulting from this inspection. While operations are currently unaffected, the final assessment by GST authorities will be the key factor to watch.