The Board of Directors of Linde India Limited met on February 9, 2026, to approve the Unaudited Standalone and Consolidated Financial Results for the third quarter and nine months ended December 31, 2025. In key personnel changes, the Board approved the appointment of Mr Ajay Kumar Sah as the Interim Chief Financial Officer, effective February 16, 2026, following the resignation of the current CFO. The financial filings include reports from the Statutory Auditors, Price Waterhouse & Co Chartered Accountants LLP.
Q3 FY2026 Financial Results Announcement
Linde India Limited officially communicated the outcomes of its Board meeting held on Monday, February 9, 2026. The primary agenda involved the approval of the Unaudited Standalone and Consolidated Financial Results for the third quarter and the nine months ending December 31, 2025. The finalized results, along with the ‘Limited Review Report’ from the Statutory Auditors, Price Waterhouse & Co. Chartered Accountants LLP, have been submitted to the stock exchanges.
The company also confirmed arrangements to publish the extract of the Consolidated Financial Results in newspapers and upload the full results onto the company website, adhering to applicable disclosure norms.
Key Financial Performance Snapshot (Standalone Results – Q3 Ended Dec 31, 2025)
The results, presented in Rs. Million, indicate the following:
- Revenue from operations (Q3 2025): 7,010.34 (compared to 6,058.57 in Q3 2024).
- Total Income (Q3 2025): 7,544.95.
- Profit Before Tax (Q3 2025): 2,431.00 (compared to 1,546.57 in Q3 2024).
- Profit for the year/period (Q3 2025): 1,915.90.
- Earnings Per Share (EPS) (Q3 2025): 22.46 basic and diluted (not annualised).
Executive Management Transition
The Board, acting on the recommendations of the Nomination and Remuneration Committee and the Audit Committee, has approved a change in the executive leadership for finance:
- Appointment: Mr Ajay Kumar Sah has been appointed as the Interim Chief Financial Officer (CFO), 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.
Mr. Sah, a B.Com (Hons.) Graduate, a qualified Chartered Financial Analyst, and a Company Secretary, brings approximately 25 years of geographical experience across finance roles in Asia and Africa within the Linde Plc Group companies. He is currently the Head of Finance for ASEAN & South Asia.
Key Managerial Personnel (KMP) Updates
In compliance with disclosure requirements, the company updated the contact details for its Key Managerial Personnel (KMPs):
- Managing Director: Mr Milan Sadhukhan.
- Company Secretary: Mr Amit Dhanuka (contact:
[email protected]). - Interim CFO: Mr Ajay Kumar Sah (contact:
[email protected]).
Segmental Performance Highlights (Standalone)
The standalone segment analysis shows a strong performance in the core business:
- Segment Revenue (Gases, related products & services) (Q3 2025): 5,443.00 Million Rs.
- Total Segment Profit Before Interest and Tax (Q3 2025): 2,203.49 Million Rs.
- The segment designated as ‘Gases, related products & services’ remains the primary focus area for the company.
Regulatory and Litigation Notes
The accompanying notes detail significant ongoing regulatory matters:
- The results incorporate management’s assessment regarding related party transactions following orders from the relevant authority concerning the materiality threshold application (10% of annual consolidated turnover). The company has appealed a decision concerning a business allocation agreement with a fellow subsidiary and a joint venture partner before the Supreme Court of India, the outcome of which remains uncertain.
- The company has also noted the SEBI directions requiring a valuation of the ‘business foregone and received’ related to a Joint Venture Agreement, an appeal against which is pending before the Supreme Court following SAT dismissal. The final impact of these ongoing legal proceedings is presently not ascertainable.
- A note regarding expenses mentioned that for the quarter ended September 30, 2025, and the nine months ended December 31, 2025, expenses were netted off by Rs 900 million due to the reversal of related liabilities following management reassessment.
Source: BSE
