Tega Industries Limited has released its Investor Presentation for the Quarter and Nine Months ended December 31, 2025. While 9M FY26 Revenue grew by 6% to Rs. 12,103 Mn, Q3 FY26 saw a marginal revenue dip of (0.7)% to Rs. 4,175 Mn YoY. Profitability metrics showed significant YoY contraction in Q3 FY26, with EBITDA down 42% and PAT down 64%, although 9M PAT grew by 2%. The company maintains a healthy Order Book of Rs. 11,402 Mn as of December 31, 2025.
Q3 FY26 & 9M FY26 Financial Highlights
Tega Industries Limited has disclosed its performance metrics for the third quarter (Q3 FY26) and the first nine months (9M FY26) ending December 31, 2025. The nine-month period demonstrated 6% growth in Total Revenue, reaching Rs. 12,103 Mn, compared to Rs. 11,390.22 Mn in 9M FY25. In contrast, Q3 FY26 Revenue saw a slight decline of (0.7)% YoY, standing at Rs. 4,175 Mn against Rs. 4,206.20 Mn in Q3 FY25.
Consolidated Profitability Review
Profitability metrics experienced significant year-over-year pressure in the third quarter. Q3 FY26 EBITDA was Rs. 600 Mn, marking a sharp (42)% decrease from Rs. 1,026.73 Mn in Q3 FY25. Consequently, the PAT for Q3 FY26 fell by (64)% to Rs. 197 Mn, down from Rs. 542.48 Mn.
For the cumulative 9M FY26 period, the decline in EBITDA was milder at (5)% (Rs. 2,161 Mn), while PAT showed a modest increase of 2%, reaching Rs. 1,000 Mn compared to Rs. 982.11 Mn in 9M FY25. The PAT Margin for 9M FY26 stood at 8%.
Performance Deep Dive (Q3 FY26 vs Q3 FY25)
Analyzing the Profit & Loss statement reveals key drivers for the Q3 performance compression. The EBITDA Margin compressed significantly from 24% in Q3 FY25 to 14% in Q3 FY26. This margin erosion occurred despite Gross Profit Margin remaining relatively stable at 60% in Q3 FY26 (up slightly from 59%). However, Employee Expenses rose to Rs. 754.67 Mn from Rs. 656.49 Mn, and Other Expenses grew substantially to Rs. 1,201.08 Mn from Rs. 841.61 Mn, heavily impacting EBITDA.
Outlook and Order Book Strength
The company highlighted its robust pipeline, noting that the Order Book as on 31st December 2025 stands at Rs. 11,402 Mn. Importantly, the portion executable within 1 year is Rs. 8,102 Mn, providing strong visibility for near-term revenue execution, even as operational costs affected profitability in the most recent quarter.
Source: BSE
