Tag: Business

  • Rathi Steel And Power Delivers Strong Q3 FY26 Performance; Income Surges 51 Percent, EBITDA Jumps 38 Percent

    New Delhi [India], February 16: Rathi Steel And Power Limited (BSE –504903), One of the leading players in stainless steel long products and TMT bars providing has announced its Unaudited Financial Results for Q3 FY26.

    Key Financial Highlights 

    Key Financial Highlights Q3 FY26

    • Total Income of ₹ 160.09 Cr, YoY growth of 50.97%
    • EBITDA of ₹ 6.41 Cr, YoY growth of 38.17%
    • PAT of ₹ 1.91 Cr, YoY growth of 262.33%

    * EBIDTA includes other income

    Commenting on the financial performance, Mr. Mahesh Pareek, Managing Director of Rathi Steel And Power Limited said, “Our Q3 performance highlights resilient operational execution, supported by our strategic and diversified product portfolio comprising Stainless Steel and TMT Rebars. This diversification has enabled us to maintain a healthy upward trajectory in revenue and strengthen our market positioning. During 9M FY26, we reported Total Income of ₹471.93 Cr, reflecting a growth of 32.67% compared to ₹355.70 Cr in the corresponding period last year, demonstrating steady demand and improved operational efficiencies.

    With improving capacity utilisation levels, we are focused on building stronger momentum going forward. We have already made an encouraging start to Q4 FY26, achieving our highest ever monthly sales of approximately ₹77.45 Cr from our Ghaziabad unit, which reflects strong demand traction and execution capabilities.

    Going ahead, we remain committed to sweating our assets, enhancing operational performance, and delivering premium quality products to our customers. We sincerely thank our employees, customers, and stakeholders for their continued trust and support as we work towards sustaining long-term growth.”

    Disclaimer: This article is for informational purposes only and does not constitute financial advice.

  • Glam Onn Season 6 – An Exotic Bloom Presented by Sonani Jewels

    New Delhi [India], February 16: Glamour, artistry, and imagination converged at Glam Onn Season 6, presented by Sonani Jewels, unveiling this year’s theme — An Exotic Bloom. Positioned as the glam industry’s signature annual themed calendar IP, Glam Onn celebrates fashion, beauty, and creative expression each year through a distinctive concept, culminating in a grand launch party.

    Glam Onn Season 6 – An Exotic Bloom Presented by Sonani Jewels -PNN

    Conceived and led by Parimal Mehhta, Founder of Blanckanvas Media — the force behind Glam Onn, the platform has evolved into a sought-after creative property, seamlessly blending fashion, beauty, and visual storytelling through high-concept calendar photoshoots.

    Glam Onn Season 6 – An Exotic Bloom Presented by Sonani Jewels -PNN

    For Season 6, the theme unfolded as a living garden of couture. Designers and artists interpreted An Exotic Bloom through statement ensembles, intricate embellishments, and lush textures — captured in stylised editorial frames rather than a traditional runway format. The calendar showcased creations by leading designers Ken Ferns, Pria Kataria Puri, Rohit Verma, Ashfaque Ahmad, Felix Bendish, Gagan Kumar, Asif Merchant, and Designz by Minaaz.

    Glam Onn Season 6 – An Exotic Bloom Presented by Sonani Jewels -PNN

    The creative vision was further elevated by industry stalwarts including Runway Celebrity Stylist Rehan Shah, Celebrity Photographer Sayan Surroy, and Luxury Floral Designer Bhavna Mordani of House of Homes, who collectively shaped the calendar’s larger-than-life aesthetic.

    Bringing the theme to life were celebrated supermodels and personalities Iris Maity, Vaibhav Maurya, Anita Kumar, Anchal Kumar, Alesia Raut, Jitesh Nikam, Shubhi Joshi, Anjali Schmuck, Sachiin Kumbhaar, and Pankhuri Gidwani, alongside celebrity actor Shivam Kajuria — each serving striking, exotic looks that translated the floral fantasy into powerful visual imagery.

    Presented by luxury brand Sonani, the world’s largest lab-grown diamond jewellery showroom, and led by founder Agastya Sonani, the showcase was elevated with a refined layer of luxury that perfectly complemented the theme’s opulence and visual richness.

    Supported by creative experts Inshira Khan (Art Direction), HK Production (Videography), and Mukhtar Shaikh (Make-up), the project stood out as one of the season’s most visually compelling fashion and lifestyle calendar launches.

    The annual property culminated in a high-energy Launch Party at plush Monarchy The Lounge – Venue Partner, bringing together designers, celebrities, influencers, and media tastemakers. Notable attendees included designer Rohit Verma, producer-entrepreneur Amit Khanna, and supermodel-television personality Diandra Soares, adding star presence to the celebration.

    Powering the evening was Jerk Energy Drink as the Energy Drink Partner, with Jimmy’s Cocktails as the Mixers Partner and Boho as the Luxury Spirit Partner. 1664 Blanc joined as the Good Taste Partner, complemented by Smoke Lab as the Liquid Partner, while Frizzano Sparkling Beverages came on board as the Celebration Partner, marking the spirit of the night.

    Glam Onn Season 6: An Exotic Bloom didn’t just present fashion — it captured an immersive floral fantasy through lens and artistry, reaffirming its position as a platform that nurtures creativity and sets new benchmarks in themed calendar showcases.

    An annual celebration of style, Glam Onn continues to bloom — bolder, grander, and more inspiring with every season.

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  • Maximus International Reports 15% YoY Revenue Growth in Q3 FY26; Forecasts Record-Breaking Annual Performance

    New Delhi [India], February 16: Maximus International Limited (BSE: 540401), a premier manufacturer and exporter of specialty lubricants, has released its reviewed financial results for the quarter and nine months ended December 31, 2025. Despite a complex global market, the company maintains steady growth and operational resilience.

    Key Consolidated Financial Highlights

    Quarterly Performance (Q3 FY26 vs. Q2 FY26)

    • Revenue: Held steady at ₹435 Mn, showcasing consistent market demand.
    • Cost Efficiency: Total expenses decreased by ₹20 Mn (~5%), reflecting disciplined operational management.
    • Profitability: PAT and PBT remain healthy; Total Comprehensive Income reached ₹27 Mn, bolstered by favorable foreign exchange gains.

    Year-on-Year Growth (Q3 FY26 vs. Q3 FY25)

    • Revenue Expansion: Increased by ₹168 Mn (~15%), driven by robust performance across international markets.
    • Stable Returns: Net Profit remained consistent with the previous year, balancing higher input costs through enhanced efficiency.
    • Comprehensive Income: Grew by ₹15 Mn (~17%), supported by positive FX translations.

    Nine-Month (9M) Overview

    • Resilient PAT: Consolidated profit for the nine-month period stood at approximately ₹71 Mn, matching the previous year’s performance.
    • Strategic Adaptation: This stability was achieved despite significant tariff and duty disruptions in Kenya. Maximus has proactively mitigated these challenges by re-tailoring its product mix while awaiting government duty reversals.

    Forward Outlook

    With a traditionally stronger fourth quarter ahead, Maximus International projects that FY 2026 annual results is expected to surpass those of FY 2025. The company remains committed to high-quality specialty lubricants and sustainable growth across the industrial and automotive sectors.

    Maximus International Limited is a BSE-listed entity specializing in the manufacturing and global export of base oils and petroleum-based products.

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  • Fabtech Technologies Limited Secures ₹63.6 Crore Turnkey Pharmaceutical Project in West Africa

    Mumbai (Maharashtra) [India], February 16: Fabtech Technologies Limited (FTL), a global leader in end-to-end pharmaceutical engineering, has secured a ₹63.6 crore Design-and-Build contract for a comprehensive pharmaceutical manufacturing facility in the West Africa region. The project will support the production of tablets, capsules, liquid syrups, and ointments, significantly enhancing access to affordable medicines across developing markets.

    Pioneering Turnkey Pharmaceutical Project in West Africa

    The facility is backed by the International Finance Corporation and supported by the United Nations Industrial Development Organization (UNIDO) as part of a broader initiative to strengthen West Africa’s pharmaceutical manufacturing backbone and reduce dependency on imports.

    Fabtech will deliver complete end-to-end execution from design and engineering to construction, installation, commissioning, and qualification integrating advanced cleanroom architecture, precision HVAC systems, process automation, and compliant utility engineering, all under a single-source model.

    Powered by its proprietary Design–Engineer–Build methodology, Fabtech combines deep technological capability with global regulatory expertise to deliver future-ready, GMP-compliant facilities. With vertically integrated in-house capabilities across air, water, and process systems, Fabtech continues to set the benchmark as the world’s most comprehensive single-source partner for pharmaceutical and biotech infrastructure.

    More than a project, this initiative reinforces Fabtech’s mission to make medicines accessible and affordable across emerging economies while supporting sustainable industrial development in West Africa.

    Disclaimer

    Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

     

  • Fujiyama Power Systems Limited Wins Silver at 6th Green Urja and Energy Efficiency Awards

    New Delhi [India], February 16: Fujiyama Power Systems Limited has been honoured with the Silver Award under the category “Excellence Award for Manufacturing Green Energy Technologies” at the prestigious 6th Green Urja and Energy Efficiency Awards, organised by the Indian Chamber of Commerce (ICC).

    The recognition celebrates Fujiyama Power Systems Limited’s consistent contribution towards advancing green energy manufacturing in India, with a strong focus on sustainable technology, innovation, and energy efficiency. The Green Urja and Energy Efficiency Awards are among the country’s most respected platforms recognising organisations that are driving India’s clean energy transition.

    Commenting on the achievement, Pawan Garg, Founder and Joint Managing Director, Fujiyama Solar Power (UTL Solar), said,

    “This Silver Award at the Green Urja and Energy Efficiency Awards is a strong validation of our long-term commitment to manufacturing reliable and sustainable green energy solutions in India. At Fujiyama, we believe that clean energy adoption must be backed by robust indigenous manufacturing, innovation, and quality. This recognition motivates our entire team to continue contributing meaningfully to India’s renewable energy goals and energy-secure future.”

    The award underscores Fujiyama Power Systems Limited’s role in strengthening India’s renewable energy ecosystem through advanced manufacturing practices and environmentally responsible operations. Over the years, the company has focused on delivering high-performance solar and power solutions that align with national sustainability and energy efficiency objectives.

    The Indian Chamber of Commerce’s Green Urja and Energy Efficiency Awards aim to promote best practices, recognise leadership, and encourage innovation in the renewable energy and energy efficiency space, bringing together key stakeholders from industry, policy, and sustainability domains.

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  • AVG Logistics Delivers INR 402 Cr Revenue in 9M FY26

    AVG Logistics Delivers INR 402 Cr Revenue in 9M FY26

    New Delhi [India], February 16: AVG Logistics Limited, (BSE – 543910, NSE – AVG), a leading multimodal logistics solutions provider, hasannounced its unaudited financial results for Q3 & 9M FY26.

     Consolidated Key Financial Highlights

    Q3 FY26 Financial Highlights

    Revenue From Operations of ₹134.08 Cr

    EBITDA of ₹27.20 Cr

    EBITDA Margin of 20.29%

    PAT of ₹5.40 Cr

    PAT Margin of 4.03%

    9M FY26 Financial Highlights

    Revenue From Operations of ₹402.13 Cr

    EBITDA of ₹77.73 Cr

    EBITDA Margin of 19.33%

    PAT of ₹15.46 Cr

    PAT Margin of 3.84%

    Commenting on financial performance, Mr. Sanjay Gupta Managing Director & CEO, AVG Logistics Limited said, “We have delivered a stable performance during the period, with steady revenue supported by consistent execution and operational discipline. It reflects the resilience of our integrated logistics model and sustained demand across key segments and strengthening our operational capabilities and financial flexibility.

    Building on this foundation, we remain focused on sustaining operational stability and driving calibrated growth through continued emphasis on network expansion, technology adoption, strategic partnerships, and financial prudence, positioning the business for gradual scale enhancement and long-term value creation in the coming periods.”

    Q3 FY26 Key Operational Highlights

    LNG Fleet Expansion Initiative

    The Company has introduce LNG-powered fleets. This initiative strengthens technical expertise, enhancing operational efficiency, reducing emissions, and supporting sustainable growth across key logistics segments.

    Credit Rating Upgrade

    The Company’s long-term bank facilities have been upgraded from IVR BBB (Stable) to IVR BBB+ (Stable), while short-term facilities have improved from IVR A3+ to IVR A2.

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  • Sarveshwar Foods Delivers Robust 9M FY26 Performance; Revenue at ₹966.43 Crore, Net Profit Jumps 33.44%

    Sarveshwar Foods Delivers Robust 9M FY26 Performance; Revenue at ₹966.43 Crore, Net Profit Jumps 33.44%

    Jammu (Jammu & Kashmir) [India], February 16: Sarveshwar Foods Limited, (SFL | BSE – 543688 | INE324X01026), one of India’s leading agro and organic FMCG companies, has announced its Unaudited Financial Results for Q3 & 9M FY26.

    Key Financial Highlights

    9M FY26 Consolidated Financial Highlights

    • Total Income of ₹ 966.43 Cr, YoY growth of 22.45%
    • EBITDA of ₹ 54.42 Cr, YoY growth of 4.96%
    • EBITDA Margin (%) of 5.63%, YoY down by 94 Bps
    • Net Profit of ₹ 24.47 Cr, YoY growth of 33.44%
    • Net Profit Margin (%) of 2.53%, YoY up by 21 Bps

    Q3 FY26 Consolidated Financial Highlights

    • Total Income of ₹ 328.58 Cr, YoY growth of 16.07%
    • EBITDA of ₹ 18.64 Cr, YoY decline by 1.07%
    • EBITDA Margin (%) of 5.67%, YoY decline by 98 Bps
    • Net Profit of ₹ 9.22 Cr, YoY growth of 30.23%
    • Net Profit Margin (%) of 2.81%, YoY up by 31 Bps

    9M FY26 Standalone Financial Highlights

    • Total Revenue of ₹ 466.34 Cr, YoY growth of 16.47%
    • EBITDA of ₹ 23.13 Cr, YoY decline by 0.74%
    • EBITDA Margin (%) of 4.96%, YoY decline by 86 Bps
    • Net Profit of ₹ 9.98 Cr, YoY growth of 32.79%
    • Net Profit Margin (%) of 2.14%, YoY up by 26 Bps

    Q3 FY26 Standalone Financial Highlights

    • Total Revenue of ₹ 159.75 Cr, YoY growth of 9.92%
    • EBITDA of ₹ 6.96 Cr, YoY decline by 22.83%
    • EBITDA Margin (%) of 4.35%, YoY down by 185 Bps
    • Net Profit of ₹ 3.38 Cr, YoY growth of 4.95%
    • Net Profit Margin (%) of 2.12%, YoY decline by 10 Bps

    Commenting on the financial performance, Mr. Rohit Gupta, Chairman, Sarveshwar Foods Limited, said: “We take genuine pride with the performance we have delivered during the first nine months of FY26. Crossing ₹966 crore in revenue and delivering 33% growth in net profit is not just a financial milestone, but a reflection of the resilience of our business and the commitment of our teams and partners. Even in a volatile commodity environment, we stayed focused on strengthening our fundamentals by improving realizations, sharpening our product mix, and maintaining financial discipline. This balanced approach is helping us build a business that is not only growing, but becoming stronger and more resilient with each quarter.

    What excites us even more is the opportunity ahead. The global appetite for premium basmati rice continues to expand, and consumers are increasingly shifting toward trusted, branded and organic food choices. With our strong sourcing base in Jammu and Kashmir, an expanding branded portfolio under Nimbark, and a growing presence across exports and digital channels, we believe we are entering a phase of meaningful scale. We remain confident, ambitious and committed to creating long-term value while steadily enhancing margins and strengthening our brand equity in the years ahead.”

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  • Lehar Footwears Limited Posts Stellar Growth in 9M FY26, Crosses Entire FY25 Performance

    Lehar Footwears Limited Posts Stellar Growth in 9M FY26, Crosses Entire FY25 Performance

    Jaipur (Rajasthan) [India], February 16: Lehar Footwears Limited (BSE –LEHAR | 532829 | INE976H01018), is one of the leading regional mass-footwear manufacturers of high quality and stylish non-leather footwears, has announced its Unaudited Financial Results for Q3 & 9M FY26.

    Key Financial Highlights

    9M FY26 Standalone Financial Highlights (vs FY25)

    • Total Revenue of ₹339.8 Cr, YoY growth of 102.50% (vs ₹277.2 Cr in FY25)

    • EBITDA of ₹31.0 Cr, YoY growth of 87.88% (vs ₹26.1 Cr in FY25)

    • EBITDA Margin of 9.1%, YoY change of (70) Bps (vs 9.4% in FY25)

    • PAT of ₹16.7 Cr, YoY growth of 187.93% (vs ₹10.9 Cr in FY25)

    • PAT Margin of 4.9%, YoY change of 140 Bps (vs 3.9% in FY25)

    Q3 FY26 Standalone Financial Highlights

    • Total Revenue of ₹ 57.1 Cr

    • EBITDA of ₹ 5.7 Cr

    • EBITDA Margin of 9.9%

    • Net Profit of ₹ 2.1 Cr

    • Net Profit Margin of 3.7%

    Key Financial Highlights:

    Revenue declined by 13% YoY in Q3FY26, primarily due to lower execution in the Toolkit segment during the quarter:

    • Footwear segment delivered 18% YoY growth, driven by new product launches in premium segment and scaling up of the newly commissioned athleisure facility at Kundli
    • Toolkit segment declined by 55% YoY, due to phasing of order delivery to subsequent quarter
    • EBITDA margins improved, supported by a favourable product mix. The share of the higher margin footwear business increased on a YoY basis
    • Finance costs declined, aided by sustained debt reduction and strong operating cash flows.
    • Credit rating was upgraded to Crisil BBB/Stable, reflecting improved financial and credit profile

    Business Highlights: Footwear Business

    • The Open Footwear segment witnessed improvement during the quarter, supported by new product launches and refreshed designs aligned with current consumer preferences. Enhanced channel engagement and improved product mix aided traction in domestic markets

    • In addition to MBO distribution, company have also scaled up its presence in large format stores

    • The newly launched sports footwear line under the ‘Rannr’ brand continued to receive encouraging market response, gradual volume ramp-up during the quarter

    • The athleisure category presents a strategic growth engine for company with entry into fast growing – high value segments and broadening the overall product portfolio

    • Company has also started OEM supply of sports shoes to leading athleisure brands

    • Export performance remained stable, with continued presence across key international markets

    • Evolving trade agreements and supportive policy measures may provide incremental opportunities for export-led growth

    • Improved demand for organised players expected, supported by formalisation of trade with reduction in GST

    Business Highlights: Toolkit Business

    • Revenues from toolkit segment was impacted by phasing of deliveries to subsequent quarter

    • Company has satisfactorily delivered 2,00,000 toolkits until now. As on December 31, 2025, company had an order book of ~Rs 60 crore comprising ~40,000 toolkits expected to be delivered in Q4FY26.

    • Following the impactful execution of the initial phase of the PM Vishwakarma Scheme and positive on-ground response, the Government of India is preparing the next phase of the scheme with a larger outlay, expanded trades, and increased beneficiary coverage

    • Lehar continues to maintain a strong leadership position based on its execution track record and eligibility credentials, positioning it well for participation in anticipated tenders under PM Vishwakarma Scheme

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  • Anvita Group Unleashes Massive Global Expansion Strategy

    Anvita Group Unleashes Massive Global Expansion Strategy

    Hyderabad (Telangana) [India], February 16: Realty firm Anvitha Group is rapidly advancing toward a major expansion. Group Chairman Boppana Achyuta Rao said that Anvita currently has projects spanning 10 million square feet under construction, comprising approximately 4,200 units.

    Additionally, projects covering 20 million square feet are in various stages of approval. As part of its expansion strategy, the company plans to launch three new projects in Hyderabad, and one each in Visakhapatnam and Vijayawada, totaling around 11,000 units.

    The company aims to deliver all five projects by 2029. Achyuta Rao stated that the projects are being designed with international standards, incorporating customer feedback in areas such as floor planning, clubhouses, ambiance, and lifestyle amenities.

    Expanding Globally..

    After establishing a strong presence in Telugu states, Anvita is expanding internationally. In the United States, the company has launched a residential community spread across 17 acres in Dallas, Texas, and is also setting up its international corporate office there. Additionally, a large-scale project comprising 1,700 villas over 500 acres is in the pipeline in the U.S. The company also announced plans to launch a new real estate project in Dubai later this year.

    Innovative finance scheme..

    Anvita Group has announced its innovative 10/90 home purchase scheme, designed to ease the financial burden on homebuyers. Under this scheme, customers need to pay just 10% of the flat cost upfront, while EMI payments will begin only after the home is handed over. The scheme was jointly unveiled by Anvita Group Chairman Boppana Achyuta Rao and the company’s Brand Ambassador, Padma Bhushan awardee Nandamuri Balakrishna.

    Achyuta Rao said, “Many customers already have existing loans, and paying EMIs even before taking possession of their home becomes an additional burden. With this 10/90 scheme, Anvita will bear that responsibility until construction is completed and the home is handed over. This initiative will encourage more families to fulfill their dream of owning a home.”

    Balakrishna praised the company’s customer-centric philosophy, stating, “Delivering true value for every rupee invested by the customer, leveraging international project experience, offering competitive pricing, and adhering to platinum-grade standards—these are the strengths that elevate Anvita’s reputation.”

    1.6-kilometer skywalk ..

    India’s First-of-Its-Kind Skywalk Near Kollur, on the outskirts of Hyderabad, Anvita is developing Anvita High 9, featuring 9 towers rising 31 floors high, with a total of 2,200 apartments. “A standout feature is a 1.6-kilometer skywalk connecting all towers—claimed to be the first of its kind in India” said  Nagabhushanam Boppana, Company Director.

    Another premium project in Kollur, Ivana, completed its first phase nearly a year ahead of schedule. The project includes 450 units across two towers, with an additional 1,400 units currently under construction. A key highlight is the absence of podium-level flats, allowing for expansive green spaces, including a 3-acre central park.

    At Medchal, Anvita is developing Anvita Park Side, a 50-acre premium villa community. Company Director Srikanth said “The project will feature 270 villas across 15 clusters, each directly connected to landscaped parks, offering a harmonious blend of luxury and nature”

    Generating Employment at Scale..

    Anvita currently serves 1,800 customers and has participated in several major projects in Dubai. The company employs 300 professionals directly and provides indirect employment to approximately 6,000 individuals. Over the next three years, the workforce is expected to grow to 1,000 employees, with indirect employment rising to 15,000. Company Director Vijay Raju expressed confidence that Anvita will soon establish itself as one of India’s leading real estate companies.

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  • Narmada Agrobase Reports 52.86pc YoY Revenue Growth in Q3 FY26; Revenue at Rs. 2,164.31 Lakhs

    Narmada Agrobase Reports 52.86pc YoY Revenue Growth in Q3 FY26; Revenue at Rs. 2,164.31 Lakhs

    Ahmedabad (Gujarat) [India], February 16: Narmada Agrobase Limited (BSE: 543643, NSE: NARMADA), one of the leading players in the manufacturing of cattle feed and agro-based byproducts, announced its Unaudited Financial Results for Q3 & 9M FY26.

    Key Financial Highlights

    •  Q3 FY26 Financial Highlights
    •  Total Revenue: ₹2,164.31 Lakhs (YoY growth of 52.86%)
    •  EBITDA: ₹167.49 Lakhs (YoY growth of 0.87%)
    •  Net Profit (PAT): ₹101.34 Lakhs (YoY growth of 1.35%)

     9M FY26 Financial Highlights

    •  Total Revenue: ₹4,533.82 Lakhs
    •  EBITDA: ₹494.98 Lakhs
    •  Net Profit (PAT): ₹305.91 Lakhs

    Commenting on the performance, Mr Neeraj Agrawal, Chairman & Managing Director of Narmada Agrobase Limited said, “We are pleased with the strong and consistent performance delivered during Q3 and the nine months of FY26, reflecting the resilience of our business model and the robustness of our operations. Despite a dynamic operating environment, we recorded healthy growth in revenues and maintained a stable profit, driven by disciplined execution, efficient sourcing, and sustained demand for our products.

    Our focus on operational efficiency, quality assurance, and prudent cost management has enabled us to navigate market volatility while continuing to deliver value to our stakeholders. The strong performance during the period underscores the strength of our fundamentals and the scalability of our operating platform.

    As we move forward, we remain committed to strengthening our market presence, improving operational efficiencies, and pursuing sustainable growth opportunities, while maintaining financial discipline and long-term value creation.”

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