Rajratan Global Wire (517522) Q3 25/26 earnings summary

Executive summary

• Consolidated revenue grew 38% year-over-year in Q3 FY26, with EBITDA up 54% and profit after tax up 122% year-over-year.

• Quarterly revenue surpassed ₹300 crore for the first time, with record sales volume of 35,610 MT.

• Unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, were approved and reviewed by the Board and statutory auditors.

• The review reports confirm compliance with Indian Accounting Standards and SEBI regulations, with no material misstatements identified.

• Market share returned to previous peaks in both India and Thailand, driven by robust tyre offtake and strategic market expansion.

Financial highlights

• Q3 FY26 consolidated revenue: ₹301.53 crore, up from ₹218.36 crore in Q3 FY25 (38% YoY growth).

• EBITDA: ₹40.39 crore, up from ₹26.24 crore (54% YoY); PAT: ₹20.69 crore, up from ₹9.31 crore (122% YoY).

• Sales volume: 35,610 MT, up 32% YoY; India contributed 21,835 MT, Thailand 13,775 MT.

• EPS for Q3 FY26: ₹4.08, up from ₹1.83 YoY.

• Consolidated net profit for Q3 FY26 was ₹1,336 lakhs, compared to ₹1,248 lakhs in the previous quarter and ₹643 lakhs in Q3 FY25.

Outlook and guidance

• Focus remains on maximizing sales volumes and increasing capacity utilization across all plants.

• Chennai plant utilization already at 70%, with further increases expected.

• Positive outlook driven by new customer acquisition and deeper international market penetration.

• Indian automotive market expected to remain buoyant, supporting sustained offtake.

• The company is evaluating the impact of new Indian labour codes effective November 21, 2025, and has accounted for estimated incremental liabilities.