Himatsingka Seide Limited has informed the Exchange regarding a press release dated February 12, 2026.
HIMATSEIDE · price
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Awaiting price reaction for this filing.
Himatsingka Seide reported a weak Q3 FY26 with consolidated total income falling 11.8% year-on-year to ₹637.26 crore, dragged down by US tariff overhang affecting export revenue. EBITDA declined 15.4% to ₹120.97 crore with margins contracting 79 basis points to 19.0%. Profit after tax plunged 65.3% to ₹7.62 crore, while profit before tax fell 58.1% to ₹11.20 crore. Other income of ₹25.89 crore was supported by forex gains of ₹24.51 crore from rupee depreciation. Capacity utilisation stood at 99% for spinning, 58% for sheeting, and 65% for terry towel divisions. Management highlighted reduced US tariffs (from 50% to 18%), EU FTA opportunities, and India business growth as positives.
Negative short-term impact as the sharp fall in profits signals continued pressure from US trade issues, though reduced tariffs and India market growth provide some near-term relief. Investors should watch the earnings call for clarity on non-US revenue ramp-up and margin recovery trajectory.