Diffusion Engineers Limited has informed the Exchange about Transcript
DIFFNKG · price
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Diffusion Engineers reported strong Q3 FY26 consolidated results: revenue of INR 1,008 million (up 27.3% YoY), EBITDA of INR 135 million (margin 13.39%), and PAT of INR 120 million (up 69% YoY). For 9M FY26, revenue grew 13.9% YoY to INR 2,650 million with PAT up nearly 50% to INR 344 million. Management guided for double-digit revenue growth, ~25% accelerated growth from FY27, and EBITDA margin expansion of 100-200 bps, targeting 15-16% medium-term margins and a long-term aspiration of INR 6 billion in revenue by FY28-29 post-capex. The company announced a 10% strategic stake in Tejorup Sunmay Systems (a pre-revenue defence firm working on VSHORADS missiles), received 3 LOIs out of 6 railway (Vande Bharat) contracts, and highlighted ongoing capex of ~INR 100 crores funded by IPO proceeds, with order book at ~INR 2 billion.
Positive for shareholders — strong Q3 earnings beat with sharp PAT growth, clear multi-year growth roadmap (25% growth from FY27, margin expansion to 15-16%), and new defence and railway opportunities that could diversify revenue. The depreciation spike from new capex may temporarily pressure PBT in the near term, but the medium-term growth and margin trajectory looks favorable.