The Board of Directors at its meeting held today considered and approved the unaudited financial results (standalone & consolidated) for the quarter and nine months ended 31st December, 2025.
ULTRAMAR · price
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Ultramarine & Pigments reported its Q3 FY26 results with standalone revenue from operations of Rs 17,775 lakhs, up about 9% from Rs 16,351 lakhs in Q3 FY25. For the nine months ended December 2025, standalone revenue grew around 12.5% to Rs 52,729 lakhs, while standalone net profit rose about 11.5% to Rs 5,995 lakhs (EPS Rs 20.53 vs Rs 18.42). On a consolidated basis, nine-month net profit jumped roughly 46% to Rs 8,503 lakhs (EPS Rs 25.70 vs Rs 19.87), driven by subsidiaries. The results include an exceptional gain of Rs 597 lakhs from compulsory land acquisition by NHAI, partly offset by a one-time Rs 171 lakhs cost from new labour codes. The company also subscribed to 15.20 lakh equity shares of Thirumalai Chemicals Ltd at Rs 296 each as part of the promoter group. Statutory auditors Sundaram & Srinivasan issued an unmodified limited review opinion.
Strong consolidated earnings growth (over 45% in 9M) signals improved subsidiary performance, while the NHAI land compensation is a one-off boost. The promoter group investment in Thirumalai Chemicals is a related-party move shareholders should note, though earnings momentum is clearly positive.