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MosChip Q3 FY26: Revenue Up 18% YoY to ₹149 Cr; EBITDA Dips on Salary Hikes & Labour Code Costs
MosChip reported a strong 30% YoY revenue growth for 9MFY26, reaching ₹431.92 Cr, though Q3 profitability faced headwinds. Q3FY26 EBITDA declined to ₹16.41 Cr from ₹18.32 Cr YoY, primarily due to strategic salary revisions and a one-time exceptional charge of ₹5.82 Cr related to new government Labour Codes. Despite the quarterly margin pressure, the company's 9-month PBT (before exceptional items) rose 40% to ₹35.00 Cr. The company also launched AgenticSky™, a new AI framework, to align with the projected $1 trillion global semiconductor market by 2026.
Key Highlights
9MFY26 Revenue grew 30% YoY to ₹431.92 Cr, while PBT (before exceptional items) rose 40% to ₹35.00 Cr.
Q3FY26 Revenue increased 18% YoY to ₹149.39 Cr, but EBITDA fell to ₹16.41 Cr due to higher employee costs.
Recognized a one-time exceptional expense of ₹5.82 Cr for gratuity and leave liabilities under new Labour Codes.
Launched AgenticSky™, a breakthrough framework for Agentic AI solutions in healthcare and industrial sectors.
EBITDA margins for 9MFY26 compressed to 11.9% from 13.5% in the previous year period.
💼 Action for Investors
Investors should monitor if the strategic salary revisions translate into higher productivity and revenue growth to offset the current margin compression. The one-time nature of the Labour Code impact suggests that core operational profitability remains stable despite the reported net dip.
MosChip Q3 Revenue Grows 18% YoY to ₹150.68 Cr; Grants 9.03 Lakh ESOPs
MosChip Technologies reported a consolidated revenue of ₹150.68 crore for Q3 FY26, marking an 18.2% increase year-on-year. However, net profit for the quarter declined significantly to ₹4.33 crore compared to ₹11.06 crore in Q3 FY25, primarily due to a one-time exceptional item of ₹5.81 crore related to new Labour Code provisions. The company's core Silicon Engineering segment continues to drive growth, contributing ₹121.02 crore to the top line. Additionally, the board approved the grant of 9.03 lakh new ESOP options and the allotment of 1.95 lakh shares under existing schemes.
Key Highlights
Consolidated revenue increased 18.2% YoY to ₹150.68 crore in Q3 FY26.
Net profit dropped to ₹4.33 crore from ₹11.06 crore YoY due to a ₹5.81 crore exceptional charge for Labour Code adjustments.
Silicon Engineering segment revenue grew to ₹121.02 crore from ₹99.31 crore in the previous year's quarter.
Board approved the grant of 9,03,130 new ESOP options and allotted 1,95,909 equity shares upon exercise.
Basic EPS for the quarter stood at ₹0.23 compared to ₹0.58 in the year-ago period.
💼 Action for Investors
Investors should focus on the healthy 18% YoY revenue growth, as the profit decline is largely attributed to a non-recurring exceptional item. Monitor the Silicon Engineering segment's performance as it remains the primary growth engine for the company.
MosChip Q3 Revenue Up 18% YoY; Net Profit Impacted by ₹5.8 Cr Exceptional Item
MosChip Technologies reported a consolidated total income of ₹150.68 crore for Q3 FY26, an 18.2% increase over the same quarter last year. However, net profit declined to ₹4.33 crore from ₹11.06 crore YoY, largely due to a one-time exceptional charge of ₹5.82 crore for labor code adjustments. The company also announced the allotment of 1.96 lakh equity shares and the grant of 9.03 lakh new ESOPs to employees. Silicon Engineering remains the primary revenue driver, contributing over 80% of the total revenue.
Key Highlights
Total income rose 18.2% YoY to ₹15,068.44 lakhs from ₹12,741.71 lakhs.
Net profit fell to ₹433.60 lakhs, impacted by a ₹581.86 lakh exceptional item related to new Labour Code provisions.
Silicon Engineering segment revenue grew to ₹12,102.60 lakhs compared to ₹9,931.58 lakhs YoY.
Employee benefit expenses increased significantly to ₹8,142.16 lakhs from ₹6,284.68 lakhs in the previous year's quarter.
Board approved the allotment of 1,95,909 equity shares and granted 9,03,130 new ESOP options.
💼 Action for Investors
Investors should focus on the steady top-line growth in the Silicon Engineering segment while monitoring the impact of rising employee costs on operating margins. The profit dip is primarily due to a non-recurring exceptional item, suggesting core operations remain stable.
MosChip Q3 Revenue Up 18% YoY to ₹150.7 Cr; Net Profit Falls 60% on Exceptional Item
MosChip Technologies reported a total income of ₹150.68 crore for Q3 FY26, an 18% increase year-on-year. However, net profit plummeted by 60% YoY to ₹4.33 crore, largely due to a one-time exceptional expense of ₹5.82 crore for Labour Code adjustments. Operating margins were further pressured by an 18% QoQ rise in employee benefit expenses. While revenue growth remains steady in the Silicon Engineering segment, the bottom-line contraction is a point of concern for short-term valuation.
Key Highlights
Consolidated Total Income rose 18.2% YoY to ₹15,068.44 lakhs, though QoQ growth was flat at 1.5%
Net Profit after tax fell to ₹433.60 lakhs from ₹1,105.98 lakhs in the year-ago period
A one-time exceptional charge of ₹581.86 lakhs was recorded for gratuity and leave liability under new Labour Codes
Silicon Engineering segment revenue grew to ₹121.02 crore, contributing 81% of total operations
The company granted 9,03,130 new ESOPs and allotted 1,95,909 equity shares to employees
💼 Action for Investors
The sharp profit decline is primarily due to a one-time regulatory adjustment; investors should focus on the underlying 18% YoY revenue growth. Monitor if rising employee costs persist, as they may continue to compress margins in future quarters.
MosChip Q3 FY26 Revenue Rises 18% YoY to ₹150.7 Cr; Net Profit Falls to ₹4.3 Cr
MosChip Technologies reported a consolidated total income of ₹150.68 crore for Q3 FY26, an 18% increase YoY, but net profit dropped significantly to ₹4.33 crore from ₹11.06 crore in the previous year. The bottom line was heavily impacted by a one-time exceptional expense of ₹5.82 crore related to the implementation of new Labour Codes. Additionally, employee benefit expenses rose to ₹81.42 crore, putting further pressure on margins. The company also granted 9.03 lakh new ESOPs to employees during the quarter.
Key Highlights
Total Income increased to ₹150.68 crore, up 18.2% YoY from ₹127.42 crore.
Net Profit fell 60.8% YoY to ₹4.33 crore, largely due to a ₹5.82 crore exceptional item for Labour Code adjustments.
Silicon Engineering segment revenue grew to ₹121.03 crore compared to ₹99.32 crore in the year-ago period.
Employee benefit expenses increased by 29.5% YoY to ₹81.42 crore, impacting operating margins.
Basic EPS declined to ₹0.23 for the quarter from ₹0.58 in the year-ago period.
💼 Action for Investors
The sharp decline in profit, even when adjusting for the one-time item, suggests significant margin pressure from rising talent costs. Investors should monitor the company's ability to pass on these costs or improve operational efficiency in upcoming quarters.
MosChip Appoints Intel and DRDO Veterans as Independent Directors for 5-Year Terms
MosChip Technologies has received shareholder approval for the appointment of Mr. Sandeep Himmatlal Shah and Dr. Yellamanchali Sreenivas Rao as Independent Directors for five-year terms. Mr. Shah brings over 30 years of experience, including a tenure as General Manager of Intel India, specializing in semiconductors and AI/ML. Dr. Rao, a former Director General at DRDO, adds 40 years of expertise in defense systems and strategic project leadership. These high-caliber appointments are expected to significantly strengthen the board's technical and strategic oversight in the semiconductor and defense sectors.
Key Highlights
Shareholders approved the appointments via special resolutions on January 20, 2026, through Postal Ballot.
Both directors are appointed for a 5-year term effective retrospectively from October 24, 2025.
Mr. Sandeep Shah offers 30+ years of global tech experience, having led large-scale engineering teams at Intel.
Dr. Y. Sreenivas Rao brings 40+ years of defense and strategic experience from his leadership at DRDO.
The appointments aim to enhance governance and provide domain expertise in MosChip's core business areas.
💼 Action for Investors
Investors should view these appointments as a positive development that adds deep industry and defense expertise to the board. Monitor how these leaders influence the company's strategic roadmap in the semiconductor and AI sectors.
MosChip Delivers Custom 28nm SoC to ISRO for India's Satellite Navigation Program
MosChip Technologies has successfully delivered a custom System-on-Chip (SoC) to ISRO’s Space Applications Centre (SAC) for India’s Satellite Navigation Program. The project involved a full turnkey ASIC program using 28nm technology, covering everything from Netlist to packaged silicon. The company managed complex tasks including 10-layer package design and post-silicon validation, confirming functionality against specifications. This milestone demonstrates MosChip's advanced technical capabilities in the high-entry-barrier space and defense semiconductor market.
Key Highlights
Successful silicon bring-up of a custom SoC using advanced 28nm technology node for ISRO's SAC
Completed end-to-end turnkey ASIC program including substrate design for a 10-layer FC-CBGA package
Validated engineering samples on ATE, enabling SAC to proceed to the next stage of production
Managed all critical phases from DFT architecture and physical design to post-silicon validation
💼 Action for Investors
This delivery reinforces MosChip's position in the high-value semiconductor design space and its ability to handle complex government projects. Investors should monitor the company's ability to scale these turnkey services into larger production volumes.
MosChip Seeks Approval for New Directors and CEO Remuneration Revision to ₹3.6 Crore Total
MosChip Technologies has issued a postal ballot notice to seek shareholder approval for the appointment of two Independent Directors, Mr. Sandeep Himmatlal Shah and Dr. Yellamanchali Sreenivas Rao, for five-year terms. The company is also proposing a revision in the remuneration for MD & CEO Mr. Srinivasa Rao Kakumanu, effective from January 1, 2026, to March 31, 2027. The proposed annual package includes a fixed pay of ₹3.06 crore and a variable component of ₹54 lakh. Shareholders can participate in the e-voting process from December 22, 2025, to January 20, 2026.
Key Highlights
Appointment of two Independent Directors for 5-year terms starting October 24, 2025.
Proposed revision of MD & CEO fixed remuneration to ₹3.06 crore per annum.
Additional variable pay of ₹54 lakh per annum for the CEO based on milestone achievements.
Revised compensation terms for the CEO cover a 15-month period ending March 2027.
E-voting period for shareholders concludes on January 20, 2026, at 5:00 p.m. IST.
💼 Action for Investors
Investors should evaluate if the proposed CEO pay hike aligns with the company's recent financial performance and growth trajectory. Shareholders are encouraged to exercise their voting rights during the e-voting window ending January 20, 2026.
MosChip Partners with EMASS for 22nm Edge AI SoC Silicon Implementation
MosChip Technologies has successfully collaborated with EMASS to provide silicon implementation services for the ECS-DoT Edge AI System-on-Chip (SoC). Utilizing 22nm technology, MosChip handled the physical design, packaging, and validation for this ultra-low-power chip. The ECS-DoT architecture targets a significant 93% increase in processing speed and 90% reduction in energy consumption compared to standard edge AI solutions. This partnership underscores MosChip's technical capabilities in high-growth sectors like RISC-V architecture and Edge AI for wearables and IoT.
Key Highlights
Executed silicon implementation for EMASS's ECS-DoT Edge AI SoC using advanced 22nm technology.
The SoC architecture aims for 93% faster processing and 90% lower energy use than conventional edge AI chips.
Integrated dual neural accelerators and 4MB of on-chip memory within a RISC-V based architecture.
MosChip provided end-to-end services including physical design flows, tape-out coordination, and validation hardware.
Target markets for the chip include drones, wearables, healthcare trackers, and industrial IoT systems.
💼 Action for Investors
Investors should view this as a strong validation of MosChip's engineering expertise in the specialized AI semiconductor services market. The company's ability to deliver on 22nm projects for global partners positions it well for future high-value design contracts.