Indef Manufacturing Q3 FY26 results: Revenue up, PAT declines YoY
BAJAJINDEF · price
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Indef Manufacturing Limited (BAJAJINDEF) reported Q3 FY26 standalone revenue of Rs 4,852 lakhs (up 9.7% YoY) but PAT fell to Rs 620 lakhs (down 12.3% YoY). Consolidated revenue was Rs 5,064 lakhs (up 13.2% YoY) with PAT at Rs 490 lakhs (down 30.3% YoY). For 9M FY26, consolidated revenue rose 11.2% to Rs 13,965 lakhs but PAT dropped 30.1% to Rs 1,681 lakhs. Exceptional charge of Rs 38.89 lakhs booked for new Labour Codes. New 80% subsidiary Daedalus Lift consolidated from August 22, 2025.
Mixed bag for shareholders: top line grew but bottom line fell sharply on higher costs and Labour Codes hit; consolidated PAT decline of about 30% YoY is a key concern.