ATV Projects India Limited has released its unaudited financial results for the quarter ended December 31, 2025, showcasing the company's performance in Q3 FY26. The engineering equipment manufacturer reported mixed results with revenue growth but a slight decline in profitability compared to the same period last year.

Financial Performance Overview

The company's quarterly performance demonstrates steady operational activity with revenue from operations reaching ₹1,834.55 lakhs in Q3 FY26, marking an increase from ₹1,566.84 lakhs recorded in Q3 FY25. However, net profit for the quarter was ₹160.65 lakhs, slightly lower than the ₹166.87 lakhs achieved in the corresponding quarter of the previous year.

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, ATV Projects reported revenue from operations of ₹4,755.47 lakhs compared to ₹5,278.43 lakhs in the corresponding period of FY25. The nine-month net profit stood at ₹509.27 lakhs, showing improvement over the ₹482.95 lakhs recorded in the previous year's nine-month period.

Operational Highlights

The company's cost structure showed significant variations during the quarter. Cost of materials consumed increased substantially to ₹1,621.76 lakhs in Q3 FY26 from ₹611.06 lakhs in Q3 FY25. However, the company benefited from favorable changes in inventories, recording a positive impact of ₹445.83 lakhs compared to an adverse impact of ₹378.19 lakhs in the previous year's quarter.

Employee benefits expense for the quarter was ₹154.18 lakhs, up from ₹140.02 lakhs in Q3 FY25. Other expenses increased to ₹316.89 lakhs from ₹251.55 lakhs in the corresponding previous quarter.

Corporate Governance and Compliance

The financial results were reviewed and recommended by the Audit Committee and subsequently approved by the Board of Directors at their meeting held on February 11, 2026. The results have been subject to limited review by the company's statutory auditors, R H A D & Co., Chartered Accountants.

ATV Projects India Limited operates in the manufacturing and supply of engineering equipment for various industries. The company maintains a single operating segment with all assets domiciled in India, earning its entire revenue from domestic operations. The paid-up equity share capital remained unchanged at ₹5,255.57 lakhs with a face value of ₹10 per share.

Atv Projects Limited, an engineering equipment manufacturer, has reported a significant increase in its quarterly revenue for the period ended September 30. The company's financial performance shows substantial growth, accompanied by strategic corporate decisions.

Financial Highlights

ATV Projects India Limited has posted impressive financial results for the second quarter:

The company's revenue saw a remarkable increase of 188% compared to the previous quarter, jumping from Rs 15.26 crore to Rs 43.95 crore. This substantial growth indicates a strong recovery or expansion in the company's operations.

Corporate Developments

In addition to the financial results, ATV Projects India Limited has made several significant corporate moves:

1. Land Development Agreement: The company has entered into a Memorandum of Understanding (MOU) with Shri Vrinda Infracon Private Limited for the development of 3.29 acres of unutilized surplus land in Mathura. The total consideration for this development is set at Rs 47.75 crore.

2. Corporate Governance: The board has approved various corporate governance matters, including:

   • Approval of remuneration for Statutory Auditors for the upcoming Financial Year.
   • Revision in the professional fees of Secretarial Auditor M/s ND & Associates.
   • Review of all quarterly reports filed with the Bombay Stock Exchange (BSE).

3. Related Party Transactions: The company disclosed several related party transactions, including remuneration to key management personnel and loan repayments to associated companies.

Management Commentary

While specific management comments were not provided, the significant revenue growth and strategic land development agreement suggest that ATV Projects India Limited is actively pursuing growth opportunities and optimizing its asset utilization.

Looking Ahead

The substantial revenue increase and the land development agreement indicate that ATV Projects India Limited is positioning itself for future growth. The company's focus on corporate governance matters also reflects its commitment to maintaining transparency and regulatory compliance.

Investors and stakeholders will likely be watching closely to see if the company can sustain this growth trajectory in the coming quarters and how it leverages the land development opportunity in Mathura.