Linde India’s Board of Directors approved the Unaudited Standalone and Consolidated Financial Results for the third quarter and nine months ending December 31, 2025. The Board also appointed Mr Ajay Kumar Sah as the Interim Chief Financial Officer, effective February 16, 2026, following the resignation of the current CFO. The company published detailed segment-wise financial data for the quarter.
Linde India Announces Q3 FY26 Financial Outcomes
The Board of Directors of Linde India Limited convened on Monday, February 9, 2026, to review and approve key corporate actions. The primary outcomes involved the ratification of the company’s financial performance for the third quarter and the first nine months of the fiscal year, ending December 31, 2025.
The finalized Unaudited Standalone and Consolidated Financial Results, along with the ‘Limited Review Report’ from the statutory auditors, Price Waterhouse & Co Chartered Accountants LLP, have been submitted to the stock exchanges and will be uploaded to the company website.
Executive Leadership Change
A significant change in the executive team was also approved. The Board confirmed the appointment of Mr Ajay Kumar Sah as the Interim Chief Financial Officer (CFO). This appointment is effective from February 16, 2026.
This transition follows the resignation of the current CFO, Mr Neeraj Kumar Jumrani, who will step down at the close of business on February 15, 2026. Mr Sah is a seasoned professional with 25 years of geographical experience across Asia and Africa in diverse finance roles.
Key Financial Highlights (Standalone Results – Q3 Ended Dec 31, 2025)
The financial data provided reveals key movements in revenue and profit for the three months ended December 31, 2025, compared to the previous quarters:
- Total Income: ₹7,544.95 Million, up from ₹6,477.24 Million in Q2 FY26.
- Profit Before Tax (PBT): ₹2,431.00 Million, a notable increase from ₹2,262.90 Million in the preceding quarter.
- Profit for the Year/Period: ₹1,915.90 Million, reflecting strong operational profitability.
- Earnings Per Share (EPS) Basic & Diluted: ₹22.46 for the quarter.
Segmental Performance Overview
The standalone segment results highlight the performance across the two core business segments:
Gases, Related Products & Services
- Segment Revenue (Q3 FY26): ₹5,443.00 Million.
- Segment Profit Before Interest and Tax (PBIT): ₹1,653.73 Million, indicating substantial contribution to overall earnings.
Project Engineering
- Segment Revenue (Q3 FY26): ₹2,782.42 Million.
- Segment PBIT: ₹549.76 Million.
Consolidated Financial Overview
The consolidated results, which include the share of profit from two Joint Ventures, also showed robust performance:
- Consolidated Total Income (Q3 FY26): ₹7,054.75 Million.
- Consolidated Profit Before Tax (PBT): ₹2,448.35 Million.
- Consolidated Profit for the Year/Period: ₹1,933.25 Million.
Regulatory and Legal Matters Update
Management noted ongoing evaluations concerning significant regulatory proceedings, specifically regarding past related party transactions and a business allocation agreement with a fellow subsidiary. Although the company maintains compliance based on its legal advice, the ultimate impact of these ongoing matters on future financial results remains presently unascertainable.
Furthermore, attention was drawn to ongoing legal proceedings involving an appeal before the Hon’ble Supreme Court concerning the valuation exercise mandated by regulatory bodies concerning business allocation. The Court admitted the appeal but granted no stay, emphasizing that the Court must be informed before any action is taken on the valuation.
Source: BSE
