Press Release for Q3 & 9M FY26 Financial Results.
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Indag Rubber Limited, India's leading tyre retreading (pre-cured tread) manufacturer, announced its Q3 FY26 results with total revenue of Rs. 58.7 crore, up 5% year-on-year. EBITDA surged 129% YoY to Rs. 6.0 crore with margin expanding by 550 basis points to 10.1%, driven by better product mix, cost optimisation, and easing raw material costs. Profit after tax more than tripled YoY to Rs. 3.4 crore. For the nine months ended December 2025, revenue declined 10% YoY to Rs. 161.7 crore due to weak State Transport Undertaking (STU) volumes in Q1, but EBITDA grew 24% to Rs. 16.1 crore and PAT rose 30% to Rs. 8.8 crore. The company highlighted supportive macro tailwinds including the Union Budget's Rs. 12.2 lakh crore capex push and recent trade agreements with the US and EU.
Strong margin expansion and triple-digit profit growth in Q3 signal improving business fundamentals despite the 9M revenue dip from the weak STU segment. The focus on aftermarket and the expected boost from government infrastructure spending could support continued earnings momentum going forward, making this a positive read for shareholders.