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Rico Auto Q3 FY26: Net Profit Triples, Revenue Up 14.1% to ₹632 Crores
Rico Auto Industries reported a strong Q3 FY26 with consolidated revenue growing 14.1% YoY to ₹632 crores and EBITDA margins improving to 10%. For the nine-month period, the company's net profit more than tripled, driven by robust domestic demand and improved capacity utilization in foundry and die-casting. While the company missed its FY26 revenue target of ₹60-70 crores for the railway segment due to approval timelines, it expects to exceed this in FY27. Management remains optimistic about export growth through the 'China Plus One' strategy and trade agreements with the US and Europe.
Key Highlights
Consolidated revenue for Q3 FY26 rose 14.1% YoY to ₹632 crores, with 9M FY26 revenue at ₹1,806 crores.
EBITDA increased by 33.2% YoY in Q3, with margins expanding to 10% through cost initiatives.
Net profit for the 9-month period more than tripled compared to the previous financial year.
EV and Hybrid components currently contribute 7% to total revenue, with double-digit growth expected next year.
Railway segment revenue target of ₹60-70 crores deferred to FY27 following direct RDSO approvals.
💼 Action for Investors
Investors should focus on the company's ability to scale the railway segment and maintain 10%+ EBITDA margins as capacity utilization improves. The stock remains a key beneficiary of the automotive recovery and increasing localization by global OEMs.
Rico Auto Q3 FY26 Net Profit Surges 504% YoY to ₹11 Cr; Revenue Up 14.1%
Rico Auto Industries reported a robust year-on-year performance for Q3 FY26, with consolidated revenue rising 14.1% to ₹632 crore and net profit jumping 503.8% to ₹11 crore. While YoY growth was strong, the company faced sequential pressure with EBITDA falling 10.8% QoQ, largely attributed to the impact of new labour codes. Excluding this impact, the adjusted net profit would have been ₹17 crore. The company continues to build a strong pipeline, securing new business with a program value of ₹882.50 crore during the quarter.
Key Highlights
Consolidated Revenue increased 14.1% YoY to ₹632 crore, with domestic sales contributing 85%.
Net Profit surged to ₹11 crore from ₹2 crore in the previous year, though it declined 37.3% sequentially.
EBITDA margins stood at 8.8%; adjusted for labour code impact, margins would have been 9.9%.
New business wins in 9MFY26 reached a total program value of ₹2,112.50 crore.
Export sales grew significantly by 33% YoY to ₹96 crore in Q3 FY26.
💼 Action for Investors
Investors should look past the sequential dip caused by labour code adjustments and focus on the massive new business wins and strong YoY growth. The company's focus on electrification and a robust order book suggests a positive long-term trajectory.
Rico Auto Q3 Net Profit Surges 483% YoY to ₹10.84 Cr; Revenue Up 14%
Rico Auto Industries reported a robust year-on-year performance for the quarter ended December 31, 2025, with consolidated revenue rising 14% to ₹629.42 crore. Net profit saw a massive jump to ₹10.84 crore from ₹1.86 crore in the previous year's corresponding quarter. Although profits dipped sequentially from Q2 FY26, this was primarily due to exceptional items totaling ₹7.48 crore related to a Voluntary Retirement Scheme and new labour code provisions. The nine-month performance remains strong, with net profit more than tripling to ₹44.52 crore compared to the prior year.
Key Highlights
Consolidated Revenue from operations grew 14.1% YoY to ₹629.42 crore.
Net Profit after non-controlling interest rose to ₹10.84 crore, a 483% increase over Q3 FY25.
Nine-month (9M FY26) Net Profit reached ₹44.52 crore, up from ₹13.97 crore in 9M FY25.
Exceptional items of ₹7.48 crore included a ₹6.17 crore one-time provision for the New Labour Codes.
Consolidated EPS for the quarter stood at ₹0.80, significantly higher than ₹0.14 in the year-ago period.
💼 Action for Investors
Investors should view the strong year-on-year growth and nine-month turnaround as a positive sign of operational efficiency. The sequential decline in profit is largely attributable to one-time non-recurring costs, suggesting the underlying business momentum remains intact.
Rico Auto Expands into Railway Sector; Receives RDSO Approval for SGCI Inserts
Rico Auto Industries has announced a strategic expansion by establishing a dedicated business vertical for the Railway sector. The company has secured a critical approval from the Research Design and Standards Organisation (RDSO) to manufacture Spheroidal Graphite Cast Iron (SGCI) Inserts. This move diversifies the company's revenue streams beyond its traditional automotive focus. Additionally, the company is actively seeking further approvals for high-quality cast and machined components used in tracks, wagons, and carriages.
Key Highlights
Established a new, dedicated Business Vertical specifically for the Railways sector.
Received formal manufacturing approval for Spheroidal Graphite Cast Iron (SGCI) Inserts from RDSO, Lucknow.
Currently pursuing additional approvals for high-quality components for Railway Tracks, Wagons, and Carriages.
Strategic move to diversify the product portfolio and reduce dependency on the cyclical automotive industry.
💼 Action for Investors
Investors should view this as a positive long-term growth driver that opens up a new addressable market in the infrastructure space. Monitor future announcements regarding specific order wins and the timeline for additional RDSO component approvals.