TVS Srichakra Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
TVSSRICHAK · price
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TVS Srichakra, a tyre and rubber products maker, reported a strong turnaround in Q3 FY26. Standalone revenue from operations rose about 14% year-on-year to Rs. 850.36 crore (vs Rs. 747 crore), while nine-month revenue grew around 9% to Rs. 2,477 crore. Standalone profit after tax for Q3 was Rs. 14.16 crore, swinging from a loss of Rs. 3.08 crore a year earlier, and for nine months PAT was Rs. 48.09 crore versus a loss of Rs. 26.37 crore. Consolidated Q3 revenue was Rs. 916.51 crore with PAT of Rs. 11.18 crore. The results include exceptional items: a one-time government grant income of Rs. 18.81 crore, VRS costs of Rs. 5.11 crore (nine-month), and a Rs. 11.67 crore charge from the new Labour Codes. The board also approved the reappointment of Mr. R Naresh as Managing Director (Executive Vice-Chairman) for three years from June 16, 2026, subject to shareholder approval.
A clear operational turnaround with double-digit revenue growth and return to profit is positive for shareholders, though a portion of the profit boost comes from a non-recurring government grant. The new Labour Codes-related charge and VRS costs signal ongoing restructuring expenses. The MD reappointment provides leadership continuity but will require shareholder approval via postal ballot.