Outcome of Board Meeting held on February 12, 2026, for consideration and approval of unaudited financial results for quarter and period ended December 31, 2026.
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Indag Rubber's Board approved unaudited financial results for Q3 FY26 (quarter ended Dec 31, 2025). Standalone revenue from operations rose about 5% YoY to Rs 5,611.83 lakhs in Q3, though 9-month revenue declined roughly 9.6% to Rs 15,345.57 lakhs due to a weak H1. Standalone profit after tax jumped to Rs 337.07 lakhs in Q3 (vs Rs 79.90 lakhs a year ago) and 9M PAT grew about 30% to Rs 882.83 lakhs, driven by a sharp drop in raw material costs and better operating performance. On a consolidated basis, 9M revenue fell ~11% to Rs 15,372.05 lakhs while PAT grew ~48% to Rs 623.19 lakhs. The core Precured Tread Rubber segment swung back to profit, while the electronics/green energy subsidiary continued to post losses. The auditor flagged an emphasis of matter on the valuation of a Rs 12 crore overseas investment tied to oil exploration rights in Nigeria, and noted a small one-time hit from India's new Labour Codes.
Profit growth and margin expansion are the key positives for shareholders despite weaker 9-month revenue. Investors should watch the auditor's emphasis on the foreign investment valuation (oil assets in Nigeria) as a potential risk area, and the continued losses at the green energy subsidiary as a drag on consolidated earnings.