Bajaj Steel Industries (BAJAJST) Q3 25/26 earnings summary

Executive summary

• Achieved strong growth in diversified business segments, focusing on scaling non-core verticals and reducing reliance on cotton ginning machinery.

• Unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, were approved by the Board on February 11, 2026.

• Both standalone and consolidated results have been reviewed by independent auditors, with no material misstatements identified.

Financial highlights

• Q3FY26 revenue from operations at Rs 125.3 Cr, down 9.3% YoY; 9MFY26 revenue at Rs 407.4 Cr, down 5.5% YoY.

• Q3FY26 PAT at Rs 5.9 Cr, down 56.9% YoY; 9MFY26 PAT at Rs 34.6 Cr, down 47.8% YoY.

• FY25 revenue reached Rs 585 Cr, with PAT at Rs 84 Cr and EBITDA margin at 15.8%.

• Standalone revenue for the quarter was ₹12,159.61 lakhs; consolidated revenue was ₹12,527.19 lakhs.

• Exceptional income of ₹2,652.33 lakhs from a US subsidiary dividend is included in both standalone and consolidated results.

Outlook and guidance

• Cotton Ginning Machinery segment expected to recover as commercial clearances and order finalizations progress.

• The company is evaluating the impact of new Indian labour codes effective November 21, 2025, with preliminary assessment indicating negligible financial impact.

• Continued momentum in other business segments anticipated to drive overall profitability.