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Kritika Wires Q3 FY26 PAT Declines 23% YoY to ₹1.63 Cr; Revenue Down 10% YoY
Kritika Wires reported a weak performance for Q3 FY26, with revenue from operations declining 10% YoY to ₹161.13 crore. Net profit for the quarter fell by 23% YoY to ₹1.63 crore, down from ₹2.12 crore in the previous year's corresponding quarter. While the nine-month revenue showed an 8.2% growth, the nine-month PAT dropped significantly to ₹4.14 crore from ₹6.74 crore YoY, reflecting margin pressure. The company also announced the resignation of its Company Secretary and Compliance Officer, effective January 20, 2026.
Key Highlights
Revenue from operations decreased 9.9% YoY to ₹161.13 crore in Q3 FY26.
Net Profit (PAT) for the quarter stood at ₹1.63 crore, a 23.1% decline from ₹2.12 crore in Q3 FY25.
9M FY26 PAT fell to ₹4.14 crore compared to ₹6.74 crore in 9M FY25, despite higher cumulative revenue.
Company Secretary Mahesh Kumar Sharma resigned effective January 20, 2026.
A provision of ₹187.55 lakh was previously made for disputed entry tax liabilities, impacting the 9M bottom line.
💼 Action for Investors
Investors should exercise caution as the company is experiencing a decline in both top-line and bottom-line performance on a YoY basis. The pressure on margins despite higher 9M revenue suggests rising operational costs or pricing challenges that need monitoring.
Kritika Wires Q3 FY26 Revenue Drops 8.5% YoY to ₹163.77 Cr; PAT Declines 27.8%
Kritika Wires Limited reported a weak set of results for Q3 FY26, with revenue from operations falling 8.5% YoY to ₹16,377.43 lakh. Net profit for the quarter saw a sharp decline of 27.8% YoY, coming in at ₹153.01 lakh compared to ₹211.92 lakh in the previous year. While cumulative 9-month revenue grew to ₹54,761.41 lakh, the 9-month net profit dropped significantly to ₹414.28 lakh from ₹673.72 lakh, indicating severe margin pressure. Additionally, the company announced the resignation of its Company Secretary, Mr. Mahesh Kumar Sharma.
Key Highlights
Revenue from operations decreased 8.5% YoY to ₹16,377.43 lakh in Q3 FY26.
Net Profit (PAT) for the quarter fell 27.8% YoY to ₹153.01 lakh.
9-month PAT dropped to ₹414.28 lakh from ₹673.72 lakh in the previous year despite higher sales.
Finance costs reduced to ₹96.20 lakh in Q3 FY26 from ₹156.19 lakh in Q3 FY25.
Company Secretary and Compliance Officer Mahesh Kumar Sharma resigned effective January 20, 2026.
💼 Action for Investors
Investors should exercise caution as the company is experiencing significant margin contraction despite maintaining revenue levels over a 9-month period. Monitor raw material cost trends and the company's ability to pass on costs in the industrial steel wire segment.