Fiem Industries announced the outcome of its Board meeting held on February 11, 2026. The Board approved the Un-audited Financial Results (Standalone and Consolidated) for the quarter and nine months ended December 31, 2025. Additionally, the Board approved the re-appointment of Mr. Vineet Sahni as CEO & Whole-time Director for a further term of three years, effective May 1, 2026. The re-appointment is subject to shareholder approval via postal ballot.
Board Meeting Outcome: Financial Results Approval
The Board of Directors of Fiem Industries Limited convened on February 11, 2026, commencing at 2:45 p.m. and concluding at 4:05 p.m. The primary approval concerned the Un-audited Financial Results (Standalone and Consolidated) for the quarter and nine months ended December 31, 2025. These results were reviewed and recommended by the Audit Committee, and a Limited Review was conducted by the Statutory Auditors.
In compliance with disclosure norms, the company will publish the Consolidated Un-audited Financial Results in newspapers, including key metrics like Turnover, Profit before Tax, and Profit after Tax, alongside a QR code linking to the full details.
Standalone Financial Highlights (Q3 FY26 vs. Q3 FY25)
Key standalone growth metrics for the quarter ended December 31, 2025 (Q3FY26) compared to the previous year’s corresponding quarter (Q3FY25) include:
- Sales Growth: 16.22% growth in Total Sales, reaching Rs 685.81 Crore (up from Rs 590.10 Crore).
- Automotive Sales Growth: 16.17% growth in ‘Automotive segment’ sales to Rs 684.24 Crore (up from Rs 589.00 Crore).
- PAT Growth: A significant 33.83% growth in PAT, amounting to Rs 63.45 Crore, compared to Rs 47.41 Crore in Q3FY25.
Standalone Performance (9MFY26 vs. 9MFY25)
For the cumulative nine months ended December 31, 2025 (9MFY26):
- Sales Growth: 15.54% growth in Sales, totaling Rs 2046.30 Crore (up from Rs 1771.15 Crore).
- PAT Growth: 25.16% growth in PAT, reaching Rs 183.29 Crore, compared to Rs 146.44 Crore in 9MFY25.
Re-appointment of CEO & Whole-time Director
Following the recommendation of the Nomination & Remuneration Committee, the Board approved the re-appointment of Mr. Vineet Sahni (DIN:03616096) as CEO & Whole-time Director (Key Managerial Personnel). This reappointment is for a further term of 3 years, effective from May 1, 2026. This proposal is subject to shareholder approval via a postal ballot process, with the ‘cut-off date’ set for February 20, 2026. The Board confirmed that Mr. Sahni is not debarred from holding office.
Update on Fire Incident Claim (Unit-8 Tapukara)
The company provided an update regarding the fire incident at Unit-8 in Tapukara during the previous quarter (August 23, 2025). The company has recognized an Insurance Claim receivable based on the carrying value of affected inventories (Rs 2105.71 Lakhs) and Property, Plant, and Equipment (Rs 2761.73 Lakhs). An estimated claim of Rs. 82.30 Crores (reinstatement value basis) was submitted on January 30, 2026, pending final assessment by the insurer.
Consolidated Results Summary (Q3 FY26)
The consolidated results reflect the inclusion of subsidiaries (Fiem Industries Japan Co., Ltd. and Fiem Research and Technology S.r.l.) and a joint venture (Fiem Kyowa (HK) Mould Company Ltd.).
- Consolidated Net Profit for the Period: Reported at Rs 6,336.68 Lakhs for the quarter ended December 31, 2025.
- Consolidated Total Comprehensive Income: Stood at Rs 6,392.97 Lakhs for the same period.
Statutory Auditor Review Conclusion
The Statutory Auditors issued an Independent Auditor’s Review Report for both Standalone and Consolidated results. For the Standalone results, the auditors concluded that nothing came to their attention indicating any material misstatement. For the Consolidated results, the auditors relied on management-certified results for the Joint Venture and two Subsidiaries, noting these were considered not material to the Group.
Source: BSE
