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Sahyadri Industries Q3 FY26 PAT Surges 553% YoY to Rs 5 Cr; EBITDA Up 60%
Sahyadri Industries reported a robust performance for Q3 FY26, with total income rising 10.8% YoY to Rs 145.9 crore. The company's profitability saw a massive jump, with PAT increasing by 553.9% YoY to Rs 5 crore, driven by improved operational efficiencies and higher volumes. EBITDA margins expanded significantly to 9.9% from 6.8% in the previous year's quarter. Capacity utilization also improved to 67%, reflecting a recovery in demand for building and roofing solutions.
Key Highlights
Total Income for Q3 FY26 grew 10.8% YoY to Rs 145.9 crore compared to the previous year.
EBITDA increased by 60.1% YoY to Rs 14.4 crore with margins improving from 6.8% to 9.9%.
Net Profit (PAT) witnessed a sharp rise of 553.9% YoY, reaching Rs 5 crore for the quarter.
Capacity utilization improved significantly to 67% in Q3 FY26 compared to 56% in Q3 FY25.
For the nine-month period (9M FY26), the company recorded a PAT of Rs 18.5 crore on a total income of Rs 488.3 crore.
💼 Action for Investors
Investors should monitor the sustainability of the margin expansion and capacity utilization levels as the company leverages its operational momentum. The sharp recovery in profitability makes this a positive development for shareholders.
Sahyadri Industries Q3 FY26 PAT Surges 554% YoY to ₹5 Cr; EBITDA Margins Improve to 9.9%
Sahyadri Industries reported a robust Q3 FY26 performance with revenue growing 10.8% YoY to ₹145.9 crore. Net profit witnessed a massive jump of 553.9% YoY to ₹5 crore, driven by improved capacity utilization which rose to 67% from 56% last year. The company is executing a significant expansion strategy with two major Capex projects totaling ₹190 crore in Orissa and Maharashtra. EBITDA margins also showed healthy expansion, reaching 9.9% compared to 6.8% in the previous year's corresponding quarter.
Key Highlights
Q3 FY26 Revenue grew 10.8% YoY to ₹145.9 crore with 9M FY26 revenue reaching ₹488.3 crore.
PAT for the quarter surged 553.9% YoY to ₹5 crore, while 9M FY26 PAT increased 21.5% to ₹18.5 crore.
EBITDA increased by 60.1% YoY in Q3 FY26 with margins improving significantly to 9.9%.
Capacity utilization improved to 67% in Q3 FY26 versus 56% in Q3 FY25.
Announced ₹190 crore total Capex for new units in Orissa (1.2L MTPA) and Maharashtra (72k MTPA) to enter new regional markets.
💼 Action for Investors
Investors should note the strong operational turnaround and margin expansion driven by higher capacity utilization. The planned ₹190 crore Capex is a significant growth lever that warrants monitoring for timely execution and market entry in East and North India.
Sahyadri Industries Q3 Net Profit Surges 554% YoY to ₹4.97 Cr; Revenue Up 11%
Sahyadri Industries reported a robust performance for the quarter ended December 31, 2025, with net profit jumping to ₹4.97 crore from ₹0.76 crore in the previous year's corresponding quarter. Revenue from operations grew 11.1% YoY to ₹144.16 crore, driven largely by the Building Materials segment. The company is also progressing on its expansion plans, including a new 1,20,000 MT unit in Odisha and a 72,000 MT non-asbestos plant in Maharashtra. Despite a one-time exceptional hit of ₹64.50 lakhs due to new labour codes, the overall profitability showed significant improvement.
Key Highlights
Net Profit surged by 554% YoY to ₹4.97 crore in Q3 FY26 compared to ₹0.76 crore in Q3 FY25.
Revenue from operations increased 11.1% YoY to ₹144.16 crore, with the Building Material segment contributing ₹143.48 crore.
Earnings Per Share (EPS) rose to ₹4.54 from ₹0.70 in the same quarter last year.
Expansion projects are active: a 1,20,000 MT asbestos sheet unit in Odisha and land acquisition for a 72,000 MT non-asbestos board unit in Maharashtra.
Reported an exceptional expense of ₹64.50 lakhs as a statutory impact of new Labour Codes.
💼 Action for Investors
The significant turnaround in profitability and clear roadmap for capacity expansion make this a positive development. Investors should hold the stock and monitor the execution timelines of the Odisha and Maharashtra expansion projects.
Asahi Songwon Shareholders Approve Maulik Mehta as Independent Director with 99.97% Votes
Asahi Songwon Colors Limited has successfully passed a special resolution via postal ballot for the appointment of Mr. Maulik Deepak Mehta as an Independent Director. The resolution received overwhelming support, with 99.97% of the total valid votes cast in favor. Out of 7,909,735 total valid votes, 7,907,544 were in favor, while only 2,191 were against. The promoter group showed unanimous support, casting 100% of their 7.89 million votes in favor of the appointment.
Key Highlights
Special resolution passed for the appointment of Mr. Maulik Deepak Mehta as an Independent Director.
Total valid votes cast were 7,909,735, with 99.97% in favor and only 0.03% against.
Promoter and Promoter Group showed 100% support with 7,896,960 votes in favor.
Public Non-Institutional shareholders supported the resolution with 82.85% of their votes cast in favor.
The voting process was conducted via remote e-voting from January 10 to February 8, 2026.
💼 Action for Investors
This is a positive governance update reflecting strong shareholder and promoter alignment. Investors should view this as a routine strengthening of the board and continue to monitor the company's operational performance.
Asahi Songwon Q3FY26: Net Profit at ₹2.26 Cr; Revenue Declines 10.8% YoY to ₹120.75 Cr
Asahi Songwon reported a weak Q3FY26 with consolidated revenue falling 10.79% YoY to ₹120.75 Cr and EBITDA margins contracting to 8.58% from 9.98% YoY. While Net Profit saw a marginal 7.96% QoQ recovery to ₹2.26 Cr, the 9-month performance remains significantly down with a 30.32% YoY drop in PAT. The Phthalocyanine (Blue) segment faced headwinds from US tariffs and European slowdown, while the API segment struggled with price corrections despite volume growth. Management is optimistic about the AZO segment turning profit-positive and expects key European regulatory approvals for the API business in the next fiscal year.
Key Highlights
Consolidated Total Revenue for Q3FY26 fell 10.79% YoY to ₹120.75 Cr.
EBITDA margins compressed to 8.58% from 9.98% in the same quarter last year.
9MFY26 Net Profit witnessed a sharp 30.32% YoY decline to ₹6.96 Cr.
Phthalocyanine remains the largest segment contributing ₹75.55 Cr to Q3 revenue.
API segment revenue stood at ₹27.62 Cr for the quarter, facing pricing pressure despite volume scale-up.
💼 Action for Investors
Investors should monitor the recovery in the core Blue segment and the timeline for European API approvals, which are critical for margin expansion. The stock may face short-term pressure due to the overall decline in profitability and revenue across the nine-month period.
Asahi India Glass Q3 Revenue Up 11.6% YoY; Board Approves Massive ₹2,000 Crore Capex
Asahi India Glass reported a steady performance for Q3 FY26 with revenue from operations rising to ₹1,176.98 crore compared to ₹1,054.22 crore in the previous year. While the net profit of ₹103.2 crore is lower than the ₹128.5 crore reported in Q3 FY25, the prior year's figure included a significant exceptional gain of ₹56.29 crore. The most critical development is the Board's approval of a ₹2,000 crore capex plan for green-field expansions in float, coatings, and processing businesses. Additionally, the company confirmed that its third float glass plant in Rajasthan has stabilized and is now fully utilized.
Key Highlights
Revenue from operations grew 11.6% YoY to ₹1,176.98 crore in Q3 FY26.
Board approved a major capex of up to ₹2,000 crore for the next round of green-field capacity expansions.
Automotive glass segment revenue increased to ₹857.28 crore from ₹739.21 crore YoY.
Float glass segment revenue rose significantly to ₹473.35 crore from ₹320.55 crore YoY.
Recognized a one-time exceptional expense of ₹6.79 crore due to provisions for the New Labour Codes.
💼 Action for Investors
The ₹2,000 crore capex announcement signals strong management confidence in long-term demand across automotive and architectural segments. Investors should maintain a positive outlook as the company scales its value-added strategy and stabilizes new capacities.
Asahi India Glass Q3 Revenue Up 11.6% YoY; Board Approves ₹2,000 Crore Capex Plan
Asahi India Glass reported a steady revenue growth of 11.6% YoY to ₹1,176.98 crore for the quarter ended December 31, 2025. Net profit for the period saw a decline of 19.7% YoY to ₹103.20 crore, primarily due to higher finance costs and a one-time exceptional provision of ₹6.79 crore for new labour codes. A significant positive for long-term investors is the Board's approval of a ₹2,000 crore capex for green-field expansions in float, coatings, and processing businesses. Operationally, the company's third float glass plant in Rajasthan has stabilized and is now fully utilized for in-house requirements.
Key Highlights
Revenue from operations increased 11.6% YoY to ₹1,176.98 crore in Q3 FY26.
Net profit declined to ₹103.20 crore from ₹128.54 crore in the corresponding previous year quarter.
Board approved a massive capex of up to ₹2,000 crore for future green-field capacity expansions.
Automotive glass segment revenue grew to ₹857.28 crore, up from ₹739.21 crore YoY.
Finance costs increased significantly to ₹42.44 crore from ₹30.37 crore in the same quarter last year.
💼 Action for Investors
Investors should look past the short-term profit dip caused by higher interest costs and focus on the aggressive ₹2,000 crore expansion plan which signals strong future demand. The stabilization of the Rajasthan plant and growth in the automotive segment remain key positive triggers.
Asahi Songwon Q3 FY26 Standalone Net Profit Drops 22.4% YoY to ₹3.53 Crore
Asahi Songwon Colors reported a weak set of standalone results for Q3 FY26, with revenue from operations declining 20.7% YoY to ₹74.31 crore. Net profit for the quarter fell to ₹3.53 crore from ₹4.55 crore in the corresponding quarter of the previous year. The nine-month performance also reflects a downward trend, with standalone net profit dropping 22% YoY to ₹12.69 crore. Despite a marginal 1.8% sequential revenue growth, overall profitability remains under pressure compared to the previous fiscal year.
Key Highlights
Standalone revenue for Q3 FY26 fell 20.7% YoY to ₹7,431.02 lakhs from ₹9,369.37 lakhs.
Standalone net profit decreased 22.4% YoY to ₹353.35 lakhs compared to ₹455.49 lakhs in Q3 FY25.
Nine-month standalone revenue dropped to ₹25,339.79 lakhs from ₹28,298.42 lakhs in the prior year period.
Finance costs for the quarter were reduced significantly to ₹124.72 lakhs from ₹208.17 lakhs YoY.
Basic and Diluted EPS for the quarter declined to ₹3.00 from ₹3.86 in the year-ago period.
💼 Action for Investors
The significant YoY decline in both revenue and profit suggests a challenging environment for the company's core pigment business. Investors should exercise caution and monitor management's outlook on demand recovery and margin stabilization in upcoming quarters.
Asahi Songwon Q3 FY26 Consolidated Net Profit Declines 23% YoY to ₹1.82 Crore
Asahi Songwon Colors reported a weak performance for the quarter ended December 31, 2025, with consolidated revenue from operations declining 5.4% YoY to ₹106.53 crore. Consolidated net profit fell significantly by 22.9% YoY to ₹1.82 crore, down from ₹2.36 crore in the previous year's corresponding quarter. Standalone revenue saw a sharper decline of 20.7% YoY, indicating significant pressure in the core pigment business. The company is also currently assessing the financial implications of the new labour codes implemented in November 2025.
Key Highlights
Consolidated Revenue from Operations fell 5.4% YoY to ₹10,653.03 lakhs in Q3 FY26.
Consolidated Net Profit for the quarter dropped to ₹181.82 lakhs compared to ₹235.91 lakhs in Q3 FY25.
Standalone revenue witnessed a sharp 20.7% YoY decline, falling to ₹7,431.02 lakhs.
Standalone Finance costs decreased to ₹124.72 lakhs from ₹208.17 lakhs YoY, providing some margin relief.
Nine-month consolidated net profit stands at ₹612.98 lakhs, down from ₹742.86 lakhs in the previous year.
💼 Action for Investors
Investors should exercise caution as the company faces both top-line and bottom-line contraction. It is advisable to monitor the recovery in the pigment segment and the final assessment of the new labour code impacts before making new positions.
Asahi India Glass Credit Rating Upgraded to CARE AA-; Stable from CARE A+
CARE Ratings Limited has upgraded Asahi India Glass Limited's long-term credit rating to 'CARE AA-; Stable' from 'CARE A+; Stable'. This upgrade applies to both long-term bank facilities and the long-term component of combined facilities. Additionally, the short-term rating has been reaffirmed at 'CARE A1+', indicating a strong ability to meet short-term obligations. Such an upgrade typically signals improved financial health and may lead to lower borrowing costs for the company.
Key Highlights
Long-term bank facilities rating upgraded from CARE A+; Stable to CARE AA-; Stable
Long-term/Short-term combined facilities LT rating upgraded to CARE AA-; Stable
Short-term rating reaffirmed at CARE A1+, the highest category for short-term instruments
The upgrade reflects an improved credit profile and enhanced financial stability for the glass manufacturer
💼 Action for Investors
Investors should view this upgrade as a positive indicator of the company's strengthening balance sheet and reduced credit risk. Monitor the next few quarters to see if this translates into lower interest expenses and improved net margins.