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Nifty Microcap 250 Results: Latest Quarterly Results & Analysis

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Rain Industries Ltd. 02 Mar 2026 18:19 PM

Q3FY26 Quarterly Result Announced for Rain Industries Ltd.

Petrochemicals company Rain Industries announced Q3FY26 results

  • Revenue from operations: Rs 43,007.13 million against Rs 36,757.27 million during Q3FY25, change 17%.
  • PBT: Rs 655.94 million against Rs -819.1 million during Q3FY25.
  • PAT: Rs 376.79 million against Rs -1,336.92 million during Q3FY25.
  • EPS: Rs 0.4 for Q3FY26.

Result PDF

Compressors & Pumps company KSB announced Q3FY26 results

  • Revenue from operations: Rs 7,840 million against Rs 7,264 million during Q3FY25, change 8%.
  • PBT: Rs 1,082 million against Rs 980 million during Q3FY25, change 10%.
  • PAT: Rs 810 million against Rs 731 million during Q3FY25, change 11%.
  • EPS: Rs 4.65 for Q3FY26.

Result PDF

Construction & Engineering company Ahluwalia Contracts (India) announced Q3FY26 results

  • Revenue from operations: Rs 10,607 million against Rs 9,520 million during Q3FY25, change 11%.
  • EBITDA: Rs 960 million against Rs 844 million during Q3FY25, change 14%.
  • EBITDA Margin: 9.1% for Q3FY26.
  • PAT: Rs 540 million against Rs 494 million during Q3FY25, change 9%.
  • PAT Margin: 5% for Q3FY26.

Result PDF

Agricultural Products company KRBL announced Q3FY26 results

  • Revenue from operations: Rs 1,477 crore against Rs 1,682 crore during Q3FY25, change -12%.
  • EBITDA: Rs 253 crore against Rs 203 crore during Q3FY25, change 25%.
  • EBITDA Margin: 16.9% for Q3FY26.
  • PBT: Rs 229 crore against Rs 182 crore during Q3FY25, change 26%.
  • PAT: Rs 170 crore against Rs 133 crore during Q3FY25, change 28%.
  • PAT Margin: 11.3% for Q3FY26.

Result PDF

Financial Services company Religare Enterprises announced Q3FY26 results

  • Interest Income: Rs 238.7 crore against Rs 181.6 crore during Q3FY25, change 31%.
  • Total Income: Rs 2,067.9 crore against Rs 1,670.2 crore during Q3FY25, change 24%.
  • PBT: Rs -103.1 crore against Rs -78.9 crore during Q3FY25, change -31%.
  • PAT: Rs -76.5 crore against Rs -63.2 crore during Q3FY25, change -21%.

Pratul Gupta, Chief Financial Officer, Religare Enterprises, said: "We are simplifying our corporate structure to create two focused, well-capitalised and agile entities with distinct mandates. Each entity will benefit from improved capital allocation efficiency, enhanced transparency for investors, and the ability to optimize its capital structure based on its business characteristics and growth requirements. This transaction is expected to broaden our combined investor base, reduce complexity, and create two well-capitalised platforms ready to pursue their strategic ambitions independently. We are confident that this transformation will establish both entities as leaders in their respective domains, each with the resources, focus, and flexibility to capitalise on significant growth opportunities ahead."

Result PDF

Apparels & Accessories company VIP Industries announced Q3FY26 results

  • Revenue from operations: Rs 454.13 crore against Rs 501.07 crore during Q3FY25, change -9%.
  • PBT: Rs -50.24 crore against Rs -16.69 crore during Q3FY25, change -201%.
  • PAT: Rs -52.87 crore against Rs -12.42 crore during Q3FY25, change -326%.
  • EPS: Rs -3.72 for Q3FY26.

Result PDF

Electrical Equipment & Products company Diamond Power Infrastructure announced Q3FY26 results

  • Revenue: Rs 47,408 lakh for Q3FY26, change 54%.
  • Gross margin: Rs 11,025 lakh for Q3FY26, change 150%.
  • EBITDA: Rs 6.976 lakh for Q3FY26, change 335%.
  • PAT: Rs 4,972 lakh for Q3FY26, change 692%.

Result PDF

Compressors & Pumps company Shakti Pumps (India) announced Q3FY26 results

  • Revenue from operations: Rs 5,510 million against Rs 6,488 million during Q3FY25, change -15%.
  • EBITDA: Rs 590 million against Rs 1,544 million during Q3FY25, change -62%.
  • EBITDA Margin: 10.7% for Q3FY26.
  • PBT: Rs 418 million against Rs 1416 million during Q3FY25, change -70%.
  • PAT: Rs 317 million against Rs 1041 million during Q3FY25, change -70%.
  • PAT Margin: 5.8% for Q3FY26.
  • EPS: Rs 2.6 for Q3FY26.

Dinesh Patidar, Chairman, said: The Company’s performance during Q3FY26 was impacted by a calibrated moderation in execution, primarily in Maharashtra, undertaken to address elevated receivable levels and manage the overall balance sheet strength. As part of this disciplined approach, the Company deliberately paused execution of orders aggregating approximately Rs 2,000 million to assess and stabilise the receivables position. While revenues were initially expected to remain stable to marginally improve, this approach resulted in lower revenue recognition on a sequential and YoY basis and impacted EBITDA margins; however, it was a conscious decision to prioritize working capital discipline over near term revenue growth.

Margins during the quarter were affected by a combination of lower realisations of around 4% in Magel Tyala orders, sustained increase of around 2% in raw material prices like copper, steel, and solar panels, and higher employee costs. Additionally, a portion of the raw material consumed during the quarter was sourced from inventory accumulated in Q2FY26, when input prices were at elevated levels, which further impacted margins. The increase in manpower expenses reflects one time cost impact arising from implementation of the new labour code amounting Rs 44 million, as well as investments in new and emerging segments which are currently in the build up phase and are expected to contribute to revenues from the next financial year. Export revenues continued to perform well during the quarter and are expected to grow at a healthy pace for the full year. Importantly, despite incremental revenue recognition in Q3FY26, trade receivables remained broadly stable compared to the previous quarter, reflecting improved collections and effective working capital management.

The Company continues to maintain a healthy order book of Rs 21,000 million (inclusive of GST), diversified across multiple states, with Maharashtra and Karnataka being key contributors. Payments from Maharashtra have started to improve, with funds sanctioned and released by the Asian Infrastructure Investment Bank (AIIB) as well as the state government, following which the Company has resumed execution in the state. Execution in Karnataka, where the Company has secured its first order, will be closely monitored with respect to payment timelines, and work execution will be aligned accordingly.

The Company expects execution momentum to improve in the fourth quarter, which is anticipated to be the highest revenue quarter ever, though some revenue is expected to spill over into subsequent quarters. While margins for the current year are likely to remain impacted due to lower realisations and cost pressures, the Company remains focused on consolidating its balance sheet, maintaining disciplined execution, and ensuring sustainable growth without compromising long term value creation.

Result PDF

Industrial Machinery company Azad Engineering announced Q3FY26 results

  • Revenue from operations: Rs 1,558 million against Rs 1,185.9 million during Q3FY25, change 31%.
  • EBITDA: Rs 600.9 million against Rs 427.2 million during Q3FY25, change 41%.
  • EBITDA Margin: 38.6% for Q3FY26.
  • PBT: Rs 471 million against Rs 349.3 million during Q3FY25, change 35%.
  • PBT Margin: 30.2% for Q3FY26.
  • PAT: Rs 340.4 million against Rs 242.9 million during Q3FY25, change 40%.
  • PAT Margin: 21.8% for Q3FY26.
  • EPS: Rs 5.27 for Q3FY26.

Rakesh Chopdar, Chairman & CEO, said: Azad continued its high growth trajectory and delivered an exceptional quarter with a topline of Rs 1,558.0 million and both Energy and Oil & Gas and Aerospace & Defence business segments growing by 33% YoY. During 9MFY26, the company delivered topline growth of 31.8%. It is noteworthy that our 9M EBITDA and 9M PAT for FY26 surpassed full year performance of FY25.

Over the years, Azad has successfully transitioned from a qualification focused phase to a capacity creation led execution phase. Looking ahead, we remain committed to execution excellence, fulfilling our commitments for the GTRE project in 2026, deepening global OEM partnerships, and advancing strategic investments that will create sustained long-term value.

Collectively, these developments reinforce our confidence in achieving the targeted 30% topline growth for FY26 while building a robust, long term growth platform.

Result PDF

Houseware company Cello World announced Q3FY26 results

  • Revenue from operations: Rs 553.7 crore against Rs 556.8 crore during Q3FY25, change -1%.
  • EBITDA: Rs 122.3 crore against Rs 139.7 crore during Q3FY25, change -12%.
  • EBITDA Margin: 22.1% for Q3FY26.
  • PBT: Rs 94.4 crore against Rs 124.3 crore during Q3FY25, change -24%.
  • PAT: Rs 63.6 crore against Rs 86.4 crore during Q3FY25, change -26%.
  • PAT Margin: 11.5% for Q3FY26.

Pradeep Rathod, Chairman & Managing Director, Cello World, said: “During Q3FY26, the company generated revenues of Rs 554 crore, with EBITDA of 22.1% and PAT of 11.5%. This performance comes despite strong festive offtake by our channel partners in the previous quarter, coupled with mixed demand sentiments.

On a segment basis, while the writing instruments category delivered 11% growth, the performance of the other two segments impacted overall performance. The Consumerware segment remained muted mainly due to supply constraints in the steel category. Meanwhile, the Moulded Furniture & Allied Products segment declined owing to falling prices.

Looking ahead, we are focusing on streamlining our product portfolio, expanding our premium offerings, and reshaping our sales channels with greater emphasis on emerging platforms. These initiatives are aimed at enhancing operational efficiency, strengthening margins, improving working capital management, and boosting ROCE over time.”

Result PDF

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