Kamdhenu Limited has informed the Exchange regarding a press release dated February 13, 2026, titled "Press Release Q3 & 9M FY26".
KAMDHENU · price
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Awaiting price reaction for this filing.
Kamdhenu Limited, India's largest branded TMT bar maker in the retail segment, posted Q3 FY26 revenue of Rs. 168.8 crore, down 3% YoY due to lower steel prices and GRAP Stage III/IV restrictions in NCR that hit its own-facility volumes. Despite the revenue dip, profitability hit record highs: profit before tax jumped 58% YoY to Rs. 26.8 crore and profit after tax rose 67% to Rs. 20.8 crore. PBT margin expanded sharply by 620 basis points to a record 15.9%. For 9M FY26, revenue grew 1% to Rs. 555.8 crore while PBT climbed 40% to Rs. 81.2 crore with margins at 14.6%. The standout was royalty income, which hit a record Rs. 43 crore in Q3 (up 29% YoY), supported by franchise volumes rising 18% YoY to 9.7 lakh MT, validating the company's asset-light expansion strategy.
Sharp profit growth and record-high PBT margins despite weak revenue highlight strong operational leverage and the success of the capital-light franchise model. The market is likely to view this as a positive earnings surprise, especially given the 67% jump in Q3 PAT, though weak own-facility revenue may be a minor concern.