📈 Live Market Tracking
AI-Powered NSE Corporate Announcements Analysis
Loading analysis...
Incredible Industries Credit Rating Downgraded to IVR BBB- (Negative) on Non-Cooperation
Infomerics Valuation and Rating Private Limited (IVRPL) has downgraded Incredible Industries Limited's long-term bank facilities from IVR BBB/Stable to IVR BBB-/Negative. The short-term rating was also lowered from IVR A3+ to IVR A3, with both ratings now classified under the 'ISSUER NOT COOPERATING' category. The downgrade is attributed to the company's failure to submit requisite information to the agency. However, the company clarified that it maintains a valid rating from Acuité Ratings and is currently seeking lender NOCs to formally withdraw from IVRPL.
Key Highlights
Long-term bank facility rating downgraded from IVR BBB (Stable) to IVR BBB- (Negative).
Short-term bank facility rating downgraded from IVR A3+ to IVR A3.
Ratings moved to 'ISSUER NOT COOPERATING' status due to non-submission of information.
Company is in the process of withdrawing ratings from IVRPL and awaiting lender NOCs.
Maintains an active alternative credit rating from Acuité Ratings & Research Limited.
💼 Action for Investors
Investors should exercise caution as 'Non-Cooperation' status can sometimes signal underlying transparency issues, though the company claims this is a transition between agencies. Monitor for any potential increase in borrowing costs or changes in lender terms.
Loading analysis...
Incredible Industries Q3 Net Profit Rises 20.6% QoQ to ₹1.79 Cr; YoY Profit Declines
Incredible Industries reported a total income of ₹189.66 crore for Q3 FY26, showing a sequential growth of 16.7% from ₹162.56 crore in Q2. Net profit for the quarter improved to ₹1.79 crore compared to ₹1.49 crore in the previous quarter, though it remains significantly lower than the ₹3.03 crore reported in the same quarter last year. For the nine-month period ending December 2025, the company achieved a profit of ₹7.00 crore, a slight increase from ₹6.65 crore in the previous year. The results indicate a recovery in operational performance on a quarter-on-quarter basis despite year-on-year bottom-line pressure.
Key Highlights
Total Income for Q3 FY26 stood at ₹189.66 crore, up from ₹162.56 crore in Q2 FY26.
Net Profit grew 20.6% sequentially to ₹1.79 crore from ₹1.49 crore in the preceding quarter.
Year-on-year Net Profit for the quarter declined by 40.7% from ₹3.03 crore in Q3 FY25.
Nine-month (9M FY26) Profit After Tax reached ₹7.00 crore compared to ₹6.65 crore in 9M FY25.
Earnings Per Share (EPS) for the quarter improved to ₹0.38 from ₹0.32 in Q2 FY26.
💼 Action for Investors
Investors should focus on the company's ability to maintain sequential margin growth and monitor if the year-on-year profit decline is a temporary cyclical issue in the iron and steel sector. The stock remains a neutral hold pending more consistent year-on-year performance.
Loading analysis...
Incredible Industries Q3 Net Profit Rises 20.6% QoQ to ₹1.79 Crore
Incredible Industries reported a total income of ₹189.66 crore for the quarter ended December 31, 2025, representing a 17.2% sequential growth from ₹161.87 crore in Q2. Net profit for the quarter improved to ₹1.79 crore compared to ₹1.49 crore in the previous quarter. For the nine-month period, total income reached ₹621.96 crore, up from ₹526.62 crore in the prior year, though net profit remained nearly flat at ₹6.70 crore due to higher operational and finance costs. The company continues to operate solely in the Iron & Steel products segment.
Key Highlights
Total Income for Q3 FY26 stood at ₹189.66 crore, up 17.2% from ₹161.87 crore in Q2 FY26.
Net Profit for the quarter increased to ₹1.79 crore from ₹1.49 crore in the preceding quarter.
Nine-month revenue grew by 18.1% YoY to ₹621.96 crore compared to ₹526.62 crore in the previous year.
Finance costs for the nine-month period increased significantly to ₹4.18 crore from ₹2.68 crore YoY.
Earnings Per Share (EPS) for the quarter was ₹0.38, while the nine-month EPS stood at ₹1.43.
💼 Action for Investors
Investors should note the steady sequential growth in revenue and profitability, though rising finance costs and margin pressure in the steel sector warrant a cautious watch. The stock remains a hold for those tracking the small-cap industrial metals space.