Overview
- Revenue rose 27% to Rs 2,646 crore in July–September, with net profit at Rs 360 crore.
- EBITDA increased to Rs 479 crore, though the margin slipped 40 bps to 18.1% on raw material costs and a heavier project mix.
- Order backlog reached Rs 16,205 crore, up 47% year-on-year, with some orders pulled forward to Q3 keeping Q4 inflows stable.
- The board recommended a Rs 4 per-share dividend, pending shareholder approval, with payment slated for Feb. 18, 2026.
- Shares rose more than 4% in early trade to an intraday high of Rs 3,294, as Motilal Oswal maintained a Buy rating with a Rs 3,800 target.