BSEIndag Rubber Ltd-$MediumNeutral
Announced Wed, 25 Feb · 19:11 IST

Investor Presentation for Q3 FY26.

Mgmt Guided Margin ImprovementInvestor Communications View source PDF

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Indag Rubber filed its Q3 FY26 investor presentation on February 25, 2026. Quarterly revenue stood at Rs. 58.7 crore, up 5% YoY, while EBITDA surged 129% YoY to Rs. 6 crore, lifting EBITDA margins by ~550 bps to 10.1%. Profit after tax more than tripled to Rs. 3.4 crore from Rs. 0.8 crore a year ago. For 9M FY26, revenue declined 10% YoY to Rs. 161.7 crore due to weak STU volumes in Q1, but EBITDA grew 24% to Rs. 16.1 crore with margins expanding 270 bps to 10.0%, and PAT rose 30% to Rs. 8.8 crore. Management attributed margin gains to a better product mix, cost optimisation, and easing raw material costs. The company also highlighted new product launches (NSR for LCVs and ZREV for electric buses) and the Millenium Manufacturing Systems JV for power electronics.

Likely market impact

The presentation paints a clear profitability turnaround story: margins have expanded meaningfully despite top-line weakness in 9M FY26, and management guides confidence in sustaining the trajectory. Shareholders can view this as a positive on operational execution, though the diversification into electronics is still in early stages.