Financial Results for the Quarter and Nine-Months ended December 31, 2025
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Pradeep Metals reported standalone Q3 FY26 revenue of Rs 82.57 crore, up ~12.7% year-on-year from Rs 73.28 crore, while standalone profit after tax surged ~38.5% to Rs 6.48 crore from Rs 4.68 crore. For the nine months ended December 2025, standalone revenue grew ~13.3% to Rs 238.26 crore with PAT of Rs 17.53 crore (up ~10.4% YoY); consolidated 9M PAT was nearly flat at Rs 20.02 crore. The Board also approved a Rs 250 crore Greenfield manufacturing facility focused on precision-engineered defense components like artillery shell casings, tapping into rising European and global defense spending. Additionally, the company proposed raising its borrowing limit under Section 180(1)(a) from Rs 180 crore to Rs 350 crore, subject to shareholder approval, to fund the expansion. The Scheme of Amalgamation with Nami Capital Private Limited remains pending NCLT approval.
The strong Q3 standalone PAT growth and a major Rs 250 crore defense capex plan signal a growth-oriented phase, but the near-doubling of borrowing limits could pressure leverage and the consolidated 9M PAT was flat, suggesting margin pressure at the subsidiary level. Shareholders may view the defense foray as a positive long-term bet, though execution and funding risks deserve attention.