Linde India’s Board approved the Unaudited Standalone and Consolidated Financial Results for the third quarter (ending December 31, 2025) and nine months ended the same date. Key approvals also included the appointment of Mr Ajay Kumar Sah as Interim Chief Financial Officer (CFO), effective February 16, 2026, following the resignation of the incumbent CFO. The announcement provided detailed segment-wise results showing robust revenue generation.
Outcome of Board Meeting Held on February 9, 2026
The Board of Directors of Linde India Limited convened on Monday, February 9, 2026, to finalize and approve key financial outcomes and organizational changes. The meeting commenced at 3:30 p.m. and concluded at 5:00 p.m.
Unaudited Financial Performance (Q3 FY2025-26)
The Board ratified the Unaudited Standalone and Consolidated Financial Results for the third quarter and the nine months ended December 31, 2025. These results, along with the Limited Review Report from the Statutory Auditors, Price Waterhouse & Co. Chartered Accountants LLP, have been submitted for public disclosure.
Key Standalone Financial Highlights (Rs. Million)
- Revenue from operations (Nine Months Ended Dec 31, 2025): 19,163.07 (compared to 18,935.01 in the previous year period).
- Profit for the year/period (Nine Months Ended Dec 31, 2025): 4,656.78.
- Earnings Per Share (EPS) (Q3): Basic and Diluted stood at 22.46 Rs.
Segment-Wise Standalone Performance Summary (Revenue from Operations)
The primary business segments reported the following revenue for the nine months ended December 31, 2025:
- Gases, related products & services: 16,044.19 Rs. Million.
- Project engineering: 7,572.96 Rs. Million.
The segment profit before interest and tax for the nine months reached 6,160.49 Rs. Million.
Change in Key Managerial Personnel (KMP)
The Board approved significant changes in the finance leadership team, effective upon recommendations from the Nomination and Remuneration Committee and the Audit Committee:
- Appointment: Mr Ajay Kumar Sah has been appointed as the Interim Chief Financial Officer (CFO) of the Company, effective February 16, 2026.
- Cessation: This follows the resignation of Mr Neeraj Kumar Jumrani, who will step down as CFO at the close of business hours on February 15, 2026.
Profile of Interim CFO, Mr Ajay Kumar Sah
Mr. Ajay Kumar Sah, 48 years old, is a B.Com. (Hons.) Graduate, a qualified Chartered Financial Analyst, and a Company Secretary. He joined Linde India Ltd. in 2006 and currently serves as the Head of Finance for ASEAN & South Asia. He possesses approximately 25 years of geographical experience across finance roles in Asia and Africa. His most recent role was Chief Finance Officer for Linde Plc’s Gases business in Region Africa.
Update on Key Managerial Personnel Contact Details
In compliance with disclosure norms, the updated contact details for Key Managerial Personnel (KMPs) have been provided for materiality assessments:
- Mr Milan Sadhukhan (Managing Director): E-mail: [email protected]
- Mr Amit Dhanuka (Company Secretary): E-mail: [email protected]
- Mr Ajay Kumar Sah (Interim CFO): E-mail: [email protected]
Notes on Regulatory Matters
Extensive notes detail ongoing regulatory matters, primarily concerning past related party transactions and a business allocation arrangement involving a Joint Venture. Management asserts compliance with all relevant regulations based on legal opinions obtained. Specifically, matters concerning an order from July 24, 2024, directing a valuation exercise, are noted, with the appeal currently admitted by the Supreme Court of India as of January 16, 2026, although no stay was granted.
Furthermore, an accounting adjustment was noted in the standalone results where expenses for the quarter ended September 30, 2025, and the nine months ended December 31, 2025, were net off by Rs 900 millions due to the reversal of related liabilities.
Source: BSE
