Mindteck Q3 FY26: Revenue Down 5% YoY, Labour Code Charge 530L
MINDTECK · price
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Mindteck reported Q3 and 9M FY26 results ended Dec 31, 2025. Consolidated revenue fell 3.4% YoY in Q3 to Rs. 10,046 lakhs and 5.3% YoY for 9M to Rs. 30,339 lakhs. Consolidated Q3 PAT dropped 36% YoY to Rs. 505 lakhs; 9M PAT was Rs. 2,136 lakhs. The company booked a Rs. 530 lakhs exceptional charge for new Labour Codes impact on gratuity and leave liabilities. USA, the key geography, saw 9M revenue decline to Rs. 11,545 lakhs from Rs. 14,318 lakhs. Statutory auditor Suresh Surana and Associates gave a clean limited review report.
Revenue and profit declined YoY on weak USA business. One-time Labour Codes charge hit Q3 earnings. Watch for USA recovery.