Faze Three FY26 revenue rises 33% to INR 933 Cr
Faze Three reported a 33% YoY increase in consolidated revenue to INR 933 crore for FY26, with a net profit of INR 33.6 crore. Q4 revenue grew to INR 280.4 crore, and net profit rose to INR 19.6 crore. The company expects growth momentum to continue in FY27 and FY28.

*this image is generated using AI for illustrative purposes only.
Faze Three has announced its audited financial results for the quarter and financial year ended March 31, 2026. The company reported a consolidated net profit of INR 33.6 crore for the fiscal year, while revenue from operations increased by 33% year-on-year to INR 933 crore. On a quarterly basis, Q4 net profit rose to INR 19.6 crore compared to INR 17.4 crore in the same period last year, while Q4 revenue grew to INR 280.4 crore from INR 218.2 crore. The company published these results in an advertisement in Mint on May 25, 2026, in compliance with Regulation 30 of the SEBI Listing Regulations.
Financial Performance
The consolidated financial results for the year ended March 31, 2026, show a total income of INR 932.8 crore. The company's profit before tax for the year was INR 42.1 crore, with a basic earnings per share (EPS) of INR 13.8. The following table summarises the key annual financial metrics:
| Metric | FY26 | FY25 | YoY Change |
|---|---|---|---|
| Total Income | INR 932.8 Cr | INR 701.7 Cr | 33% |
| Net Profit | INR 33.6 Cr | INR 40.7 Cr | -17% |
| Basic EPS | INR 13.8 | INR 16.7 | -17% |
| EBITDA | INR 92.27 Cr | INR 92.23 Cr | 0.02% |
Q4 Consolidated Performance
The quarterly consolidated results reflect a strong year-on-year improvement across key metrics. Consolidated Q4 net profit increased to INR 19.6 crore from INR 17.4 crore in the corresponding period of the previous year. Revenue for the quarter grew to INR 280.4 crore compared to INR 218.2 crore year-on-year. EBITDA for the quarter rose to INR 37.16 crore from INR 32.23 crore, with the EBITDA margin rebounding to 13.25% from 9.15% in the preceding quarter. The table below captures the Q4 consolidated highlights:
| Metric | Q4 FY26 | Q4 FY25 |
|---|---|---|
| Consolidated Net Profit | INR 19.6 Cr | INR 17.4 Cr |
| Consolidated Revenue | INR 280.4 Cr | INR 218.2 Cr |
| EBITDA | INR 37.16 Cr | INR 32.23 Cr |
| EBITDA Margin | 13.25% | 14.77% |
Operational Highlights
The company's total expenses for the consolidated financial year amounted to INR 890.7 crore. The Board approved the financial results, which include the performance of subsidiaries such as Faze Three US LLC and Mats & More Private Limited. The company reported that Q4 FY26 achieved the highest-ever quarterly revenue and EBITDA figures. Management attributed the margin recovery in Q4 to operating leverage at higher revenue levels, unwinding of tariff impacts, and improving trade deal sentiment.
Outlook
The company expects high volume growth momentum to continue in FY27 and FY28 alongside inflation-related pricing growth. Management noted that the major capex cycle is expected to conclude in FY27, which would free up 40-50% of cash flow from operations for alternative uses such as debt reduction or shareholder returns. The company has applied for the PLI scheme for MMF, with approval expected in Q1 or Q2 of FY27.
Historical Stock Returns for Faze Three
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.58% | +15.05% | +37.59% | +37.01% | +6.56% | +94.94% |
How will the expected conclusion of the major capex cycle in FY27 impact the company's leverage ratios and potential dividend payouts?
What specific strategies will management employ to sustain the Q4 margin recovery given the 17% annual decline in net profit?
How will the approval of the PLI scheme for MMF in early FY27 alter the company's competitive positioning and production capacity?

































