Change of Designation of Mr. Parth Prakash Niphadkar from the position of CFO to Manager Sales, Marketing and Business Development of the Comapny w.e.f. 04.02.2026.
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Texel Industries reported Q3 FY26 standalone results with profit after tax more than doubling to Rs 395.35 lakhs from Rs 178.46 lakhs in Q3 FY25, even as revenue fell to Rs 1,647.79 lakhs from Rs 2,604.33 lakhs, indicating much stronger margins. For the nine months ended December 2025, standalone PAT jumped to Rs 615.45 lakhs from Rs 105.78 lakhs, nearly a 6x improvement over the prior year period. The company has two segments — Technical Textile and Land, Building & Property Development — with the latter contributing meaningfully to profits this quarter. The board also approved a CFO transition: Mr. Parth Prakash Niphadkar has been redesignated as Manager – Sales, Marketing & Business Development while continuing with the company. Mr. Hardik Parekh, a finance professional with over 20 years of experience, has been appointed as the new CFO, both changes effective 04 February 2026.
Sharply higher profitability on lower revenue suggests improved cost control and margin expansion, which is positive for shareholders. The CFO change is a routine internal reshuffle — the outgoing CFO remains with the firm in a sales role, so operational disruption should be limited.