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Tara Chand Q3 FY26: EBITDA Up 24%, EBITDA Margin Hits Record 37.16%, Targets ₹100Cr Q4 Revenue
Tara Chand Infralogistic reported a steady Q3 FY26 with revenue growing 8% YoY to ₹69.27 crores and EBITDA rising 24% to ₹25.74 crores. The company achieved its highest-ever EBITDA margins of 37.16% and has already surpassed its annual capex target, investing ₹121.34 crores in equipment. Management is optimistic about Q4, targeting a record top line of over ₹100 crores driven by high demand in the equipment rental segment. Promoters have also shown confidence by increasing their stake to 71.14% from 69.6%.
Key Highlights
Q3 EBITDA margins expanded by 478 bps to 37.16%, driven by high-margin equipment rentals.
Surpassed FY26 capex target of ₹100 crores by investing ₹121.34 crores to expand the fleet to 403 machines.
Order book stands at ₹96.90 crores as of January 2026, with 66% from the equipment rental segment.
Promoters increased their equity stake to 71.14%, signaling strong internal confidence in the growth trajectory.
Management expects Q4 FY26 revenue to exceed ₹100 crores, a historical milestone for the company.
💼 Action for Investors
Investors should monitor the execution of the ₹96.9 crore order book and the stabilization of the new metal processing subsidiary. The significant capex and promoter stake increase suggest a strong growth outlook for the infrastructure services provider.
Tara Chand Infra Q3 FY26 Net Revenue Up 6.5% YoY to ₹68.56 Cr; PAT Steady at ₹5.22 Cr
Tara Chand InfraLogistic Solutions reported a 6.5% YoY increase in net revenue from operations to ₹6,856.25 Lacs for the quarter ended December 31, 2025. Despite the revenue growth, Profit After Tax (PAT) remained flat at ₹521.65 Lacs compared to ₹523.80 Lacs in the previous year's quarter, primarily due to higher finance and depreciation costs. For the nine-month period, the company showed stronger performance with PAT growing 12.7% YoY to ₹1,915.40 Lacs. The company clarified that this filing is a revision for typographical errors only, with no changes to the previously disclosed financial figures.
Key Highlights
Net Revenue from operations grew 6.5% YoY to ₹6,856.25 Lacs in Q3 FY26.
Profit After Tax (PAT) for 9M FY26 increased by 12.7% to ₹1,915.40 Lacs compared to ₹1,699.92 Lacs in 9M FY25.
Segment A (Infra work) remains the largest contributor with ₹4,318.08 Lacs in quarterly revenue.
Finance costs rose significantly to ₹302.23 Lacs in Q3 FY26 from ₹185.40 Lacs in Q3 FY25.
Basic and Diluted EPS for the quarter stood at ₹0.66, unchanged from the previous year's quarter.
💼 Action for Investors
Investors should monitor the rising finance and depreciation costs which are currently offsetting revenue gains at the bottom-line level. The healthy 9-month growth trend suggests stable long-term demand in the infrastructure logistics segment.
Tara Chand Q3 Revenue Rises 8% to ₹693 Mn; EBITDA Margins Expand to 37.2%
Tara Chand InfraLogistic Solutions reported a steady Q3FY26 with total income rising 8% YoY to ₹693 Mn and EBITDA growing 24% to ₹257 Mn. The company has already surpassed its full-year capex target, deploying ₹121.3 crore to expand its fleet with 35 new equipment. A significant strategic development is the incorporation of Tarachand Metallix Limited to enter high-frequency beam manufacturing. With a robust order book of ₹969 Mn, management is targeting its first-ever ₹100 crore revenue quarter in Q4FY26.
Key Highlights
9MFY26 EBITDA grew 28% YoY to ₹752 Mn with margins expanding by 390 bps to 38%
Capex of ₹121.3 crore executed in 9MFY26, exceeding the original full-year FY26 plan of ₹100 crore
Order book stands at ₹969 Mn as of January 2026, including a ₹24.14 crore win from JSW Energy
CRISIL Ratings revised the outlook to 'Positive' from 'Stable' reflecting improved liquidity
Incorporated 100% subsidiary Tarachand Metallix Ltd for value-added metal processing and manufacturing
💼 Action for Investors
Investors should monitor the execution of the new manufacturing subsidiary and the company's ability to hit its 20-25% annual growth guidance. The aggressive capex and improving credit rating suggest a strong growth trajectory in the infrastructure and renewable energy sectors.
Tara Chand Q3 Net Profit Flat at ₹5.21 Cr; Revenue Up 6.5% YoY
Tara Chand InfraLogistic Solutions reported a net revenue of ₹68.56 crore for Q3 FY26, a 6.5% increase from ₹64.36 crore in Q3 FY25. Despite the revenue growth, Net Profit remained stagnant at ₹5.21 crore compared to ₹5.24 crore in the year-ago period. On a sequential basis, profit dropped significantly from ₹7.48 crore in Q2 FY26, primarily due to higher finance costs and employee expenses. Segment-wise, Infrastructure services led the growth, while the Transportation and Handling segment saw a decline in revenue.
Key Highlights
Net Revenue increased 6.5% YoY to ₹68.56 crore from ₹64.36 crore.
Net Profit (PAT) remained flat at ₹5.21 crore vs ₹5.24 crore in the same quarter last year.
Finance costs surged to ₹3.02 crore from ₹1.85 crore YoY, impacting the bottom line.
Infrastructure segment revenue grew to ₹43.18 crore, contributing the majority of the top line.
Earnings Per Share (EPS) declined to ₹0.66 from ₹0.95 in the preceding quarter.
💼 Action for Investors
The flat YoY profit despite revenue growth indicates margin compression from rising interest and operational costs. Investors should monitor management's ability to control finance costs and debt levels before increasing positions.
Tara Chand Q3 FY26 Results: Revenue Up 6.5% YoY to ₹68.56 Cr, Net Profit Flat at ₹5.22 Cr
Tara Chand InfraLogistic Solutions reported a modest 6.5% YoY growth in net revenue to ₹68.56 crore for Q3 FY26. However, net profit remained stagnant at ₹5.22 crore compared to ₹5.24 crore in the previous year, primarily due to a sharp rise in finance costs and depreciation. Sequentially, the performance was weaker, with profit before tax declining 30% from ₹10.00 crore in Q2 FY26. The company also announced the retirement of Independent Director Ashok Kumar Goel effective March 2026.
Key Highlights
Net Revenue from operations increased 6.5% YoY to ₹68.56 crore.
Net Profit (PAT) remained flat at ₹5.22 crore compared to ₹5.24 crore in Q3 FY25.
Finance costs surged 63% YoY to ₹3.02 crore from ₹1.85 crore.
Infra work and Tangible Goods segment remains the largest contributor with ₹43.18 crore in revenue.
Earnings Per Share (EPS) for the quarter stood at ₹0.66, unchanged from the year-ago period.
💼 Action for Investors
The stagnation in profit despite revenue growth indicates margin pressure from rising debt costs and depreciation. Investors should monitor the company's ability to pass on costs and manage its leverage in the coming quarters.
Tara Chand Infralogistic Incorporates New Subsidiary Tarachand Metallix with ₹25 Lakh Investment
Tara Chand InfraLogistic Solutions Limited has announced the successful incorporation of its wholly-owned subsidiary, Tarachand Metallix Limited, as of January 06, 2026. The parent company has invested ₹25,00,000 to acquire a 100% stake in the new entity. This subsidiary will focus on the manufacturing of high-frequency beams and metal processing services, including fabrication and slitting. The move is strategically designed to expand the company's existing business operations and drive future profitability.
Key Highlights
Incorporation of Tarachand Metallix Limited as a 100% wholly-owned subsidiary
Initial cash consideration of ₹25,00,000 for 2,50,000 equity shares at ₹10 each
New entity to focus on manufacturing high-frequency beams and metal fabrication
Strategic expansion aimed at enhancing operational scale and overall profitability
Official Certificate of Incorporation received from the Ministry of Corporate Affairs on January 06, 2026
💼 Action for Investors
Investors should view this as a positive step toward vertical integration and business diversification. Monitor future updates regarding the subsidiary's operational commencement and its contribution to the consolidated bottom line.
Tara Chand InfraLogistic Completes INR 43.08 Cr Capex with 11 New Equipment Additions
Tara Chand InfraLogistic Solutions has completed a capital expenditure of approximately INR 43.08 Crores in Q3FY2025-26. The company acquired 11 new units of heavy machinery, including a high-capacity 800MT crawler crane and various tyre-mounted cranes. These assets are designated for deployment in the Renewable Energy sector to fulfill recent order wins. This expansion strengthens Segment A (Equipment Rentals & Infra Projects), which currently contributes 55% to the company's total revenue mix.
Key Highlights
Completed capex of approximately INR 43.08 Crores during Q3FY2025-26.
Acquired 11 new machines including one 800MT Crawler Crane and eight Tyre Mounted Cranes.
New equipment is specifically tied to new order wins in the Renewable Energy sector.
Expansion supports Segment A, which accounts for 55% of the company's overall revenue.
💼 Action for Investors
Investors should monitor the company's upcoming quarterly results for the revenue contribution from these new assets. The focus on the renewable energy sector provides a positive long-term growth outlook for the equipment rental segment.
Tara Chand InfraLogistic Bags INR 27.65 Crore Transportation Order from RINL
Tara Chand InfraLogistic Solutions Limited has secured a significant contract from Rashtriya Ispat Nigam Limited (RINL) for steel product transportation. The contract is valued at INR 27.65 Crores inclusive of taxes. Execution is scheduled for a six-month duration across Q4 FY26 and Q1 FY27. This domestic order strengthens the company's business pipeline and provides revenue visibility for the upcoming fiscal periods.
Key Highlights
Contract valued at INR 27.65 Crores for transportation of steel products.
Awarded by Rashtriya Ispat Nigam Limited (RINL), a domestic entity.
Project execution timeline of 6 months starting Q4 FY26.
The order is not a related party transaction, ensuring arm's length terms.
💼 Action for Investors
This win enhances revenue visibility; investors should monitor the company's execution efficiency and its impact on upcoming quarterly earnings.
Tara Chand InfraLogistic to Form New Metal Processing Subsidiary with ₹25 Lakh Investment
Tara Chand InfraLogistic Solutions Limited has announced the incorporation of a new wholly-owned subsidiary in Maharashtra. The subsidiary will specialize in the manufacturing of high-frequency beams and various metal processing activities like fabrication, cutting, and slitting. The company will subscribe to 100% of the share capital with an initial cash investment of ₹25,00,000. This expansion marks a strategic move into the specialized manufacturing sector to complement its existing infrastructure and logistics business.
Key Highlights
Board approved 100% ownership in a new subsidiary based in Maharashtra.
Initial paid-up capital set at ₹25,00,000 comprising 2,50,000 shares of ₹10 each.
Business focus includes high-frequency beam manufacturing and metal fabrication/slitting.
The investment will be made entirely through cash consideration for 100% control.
💼 Action for Investors
This is a positive diversification move into higher value-added manufacturing services. Investors should track the timeline for the subsidiary's operational commencement and its eventual impact on consolidated margins.
Tara Chand to Incorporate Wholly Owned Subsidiary for Metal Processing with ₹25 Lakh Capital
Tara Chand InfraLogistic Solutions has approved the incorporation of a new wholly-owned subsidiary in Maharashtra. The subsidiary will focus on the manufacturing of high-frequency beams, metal processing, fabrication, cutting, and slitting. The company will subscribe to 100% of the share capital with an initial investment of ₹25,00,000. This move marks a strategic expansion into specialized manufacturing and metal processing services.
Key Highlights
Approval for incorporation of a 100% Wholly Owned Subsidiary (WOS) in Maharashtra, India.
New entity to focus on manufacturing high-frequency beams and metal processing/fabrication.
Initial cost of subscription is ₹25,00,000 comprising 2,50,000 shares at ₹10 each.
The investment will be made through cash consideration for 100% control.
💼 Action for Investors
Investors should view this as a diversification move into manufacturing; monitor for future updates on the subsidiary's operational scale and revenue contribution. The initial investment is small, so the immediate impact on the balance sheet is limited.
Tara Chand Infra bags ₹14.04 crore order from JK Cement
Tara Chand InfraLogistic Solutions Limited has secured a new contract from JK Cement Ltd for specialized services. The contract is valued at ₹14,04,20,000 (including taxes) and is scheduled to be executed over 3 months, spanning Q3 and Q4 of FY26. This new order indicates potential revenue growth for the company. Investors should monitor the company's progress in executing this contract and its impact on future earnings.
Key Highlights
Contract value: ₹14,04,20,000 (incl of taxes)
Execution period: 3 months
Starting from Q3 Fy26 and Q4Fy26
Order from JK Cement Ltd
💼 Action for Investors
Investors should monitor Tara Chand InfraLogistic Solutions' ability to execute this contract efficiently and its impact on the company's revenue and profitability in the coming quarters. Keep an eye on any further contract wins as a sign of continued growth.