PIX Transmissions FY26 Net Profit Falls; Q4 EBITDA Margin Contracts to 18.05%
PIX Transmissions reported a decline in FY26 standalone net profit to ₹920.83 crore from ₹1,053.70 crore, with consolidated net profit falling to ₹1,068.87 crore. Q4 consolidated EBITDA contracted to ₹308M from ₹325M YoY, with EBITDA margin narrowing to 18.05% from 20.10%. The board recommended a final dividend of ₹9 per share for FY26, subject to shareholder approval.
*this image is generated using AI for illustrative purposes only.
PIX Transmissions has announced its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The board of directors approved the results during a meeting held on May 22, 2026, and recommended a final dividend for the financial year. The results reflect a broad-based decline in profitability across both annual and quarterly periods, with EBITDA margins also contracting on a year-on-year basis.
Annual Financial Performance
For the year ended March 31, 2026, the company reported a standalone net profit of ₹920.83 crore, compared to ₹1,053.70 crore in the previous year. Revenue from operations for the fiscal year stood at ₹5,301.63 crore, down from ₹5,556.48 crore in FY25. Total income decreased to ₹5,485.89 crore from ₹5,698.15 crore year-on-year.
On a consolidated basis, the net profit for FY26 was ₹1,068.87 crore, a decrease from ₹1,128.76 crore in the prior year. Consolidated revenue from operations amounted to ₹5,823.15 crore, compared to ₹5,934.05 crore in FY25.
The following table outlines the standalone financial performance for the year ended March 31, 2026:
| Particulars: | Year Ended 31.03.2026 (₹ in Lacs) | Year Ended 31.03.2025 (₹ in Lacs) |
|---|---|---|
| Revenue from Operations: | 53,016.34 | 55,564.77 |
| Total Income: | 54,858.88 | 56,981.51 |
| Total Expenses: | 42,391.08 | 42,818.01 |
| Profit Before Tax: | 12,467.80 | 14,163.50 |
| Profit After Tax: | 9,208.33 | 10,536.97 |
| Earnings Per Share (Basic) (₹): | 67.58 | 77.33 |
Quarterly Results
For the quarter ended March 31, 2026, the standalone net profit was ₹169.91 crore, while revenue from operations stood at ₹1,551.28 crore. In the corresponding quarter of the previous year, the company had reported a net profit of ₹193.15 crore and revenue of ₹1,498.30 crore.
On a consolidated basis, the quarterly performance showed a similar trend across key metrics, as summarised below:
| Metric: | Q4 FY26 | Q4 FY25 |
|---|---|---|
| Consolidated Net Profit: | ₹202M | ₹226M |
| Consolidated Revenue from Operations: | ₹1.7B | ₹1.6B |
| Consolidated EBITDA: | ₹308M | ₹325M |
| Consolidated EBITDA Margin: | 18.05% | 20.10% |
The contraction in EBITDA margin from 20.10% to 18.05% year-on-year reflects the pressure on operating profitability during the quarter.
Dividend Declaration
The board of directors has recommended a final dividend of ₹9 per share, equivalent to 90% of the face value of ₹10 each, for the financial year 2025-26. This dividend is subject to the approval of shareholders at the ensuing Annual General Meeting. The statutory auditors, M/s SGCO & Co. LLP, have issued an audit report with an unmodified opinion on the standalone and consolidated financial results.
Historical Stock Returns for Pix Transmissions
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.11% | +6.45% | +6.05% | +11.72% | -5.99% | +61.03% |
What specific cost optimization or revenue diversification strategies is PIX Transmissions planning to implement in FY27 to reverse the margin contraction trend?
How might rising raw material costs or global supply chain disruptions continue to impact PIX Transmissions' EBITDA margins in the coming quarters?
Will PIX Transmissions consider expanding into new geographies or product segments to offset the declining revenue from its core operations?
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