News Earnings Batliboi Limited Reports Q3FY26 Net Loss of Rs. 797.42 Lakhs Due to Labour Code ProvisionsBatliboi Limited Reports Q3FY26 Net Loss of Rs. 797.42 Lakhs Due to Labour Code Provisions
Batliboi Limited reported a net loss of Rs. 797.42 lakhs in Q3FY26 compared to Rs. 194.71 lakhs loss in Q3FY25, primarily due to an exceptional provision of Rs. 748.86 lakhs for new labour codes. Revenue from operations grew 10.0% to Rs. 7,174.92 lakhs, but increased expenses and regulatory provisions impacted profitability. The company allotted 1,40,663 shares under ESOP at Rs. 45 per share and incorporated a new subsidiary during the period.
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Batliboi Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, revealing a challenging performance primarily impacted by regulatory provisions. The company reported a net loss of Rs. 797.42 lakhs in Q3FY26 compared to a net loss of Rs. 194.71 lakhs in the corresponding quarter of the previous year.
Financial Performance Overview
The company's quarterly results showed mixed operational trends with revenue growth offset by increased expenses and exceptional items.
| Metric | Q3FY26 | Q3FY25 | Change |
|---|---|---|---|
| Revenue from Operations | Rs. 7,174.92 lakhs | Rs. 6,524.22 lakhs | +10.0% |
| Total Income | Rs. 7,272.45 lakhs | Rs. 6,667.58 lakhs | +9.1% |
| Total Expenses | Rs. 7,598.53 lakhs | Rs. 6,821.22 lakhs | +11.4% |
| Loss Before Exceptional Items | Rs. (326.08) lakhs | Rs. (153.64) lakhs | -112.2% |
| Net Loss After Tax | Rs. (797.42) lakhs | Rs. (194.71) lakhs | -309.4% |
Nine Months Performance
For the nine months ended December 31, 2025, Batliboi reported contrasting results compared to the previous year, moving from profit to loss territory.
| Parameter | 9M FY26 | 9M FY25 | Variance |
|---|---|---|---|
| Revenue from Operations | Rs. 20,924.53 lakhs | Rs. 19,688.89 lakhs | +6.3% |
| Total Income | Rs. 21,532.09 lakhs | Rs. 20,359.56 lakhs | +5.8% |
| Net Profit/(Loss) | Rs. (723.07) lakhs | Rs. 222.81 lakhs | -424.6% |
Exceptional Items Impact
The company's performance was significantly affected by an exceptional provision of Rs. 748.86 lakhs related to new labour codes. On November 21, 2025, the Government of India notified four labour codes consolidating twenty-nine existing labour laws. Batliboi assessed the financial implications and made provisions for gratuity arising from past service costs and leave benefits on an estimated basis.
Employee Stock Option Plan
The Board of Directors approved the allotment of 1,40,663 equity shares of face value Rs. 5 each at an exercise price of Rs. 45 per share under the company's Employee Stock Option Plan. Following this allotment, the issued and paid-up equity share capital increased from Rs. 23,49,59,235 comprising 46,991,847 shares to Rs. 23,56,62,550 comprising 47,132,510 equity shares.
Consolidated Results
On a consolidated basis, Batliboi reported better performance with revenue from operations reaching Rs. 12,432.08 lakhs in Q3FY26 compared to Rs. 9,553.82 lakhs in Q3FY25. However, the consolidated net loss stood at Rs. 183.46 lakhs in Q3FY26 against a loss of Rs. 50.73 lakhs in the previous year quarter.
Business Developments
During the nine months ended December 31, 2025, the company incorporated a new subsidiary, Bioconserve Renewables Envirotech Private Limited, on April 8, 2025, holding 51% equity stake. The company continues to operate in the Industrial Equipment segment and maintains its search for a buyer for part of its land and building located in Surat, which is classified as non-current assets held for sale.
Earnings Per Share
The basic earnings per share after exceptional items stood at Rs. (1.70) for Q3FY26 compared to Rs. (0.41) in Q3FY25. For the nine months period, the basic EPS was Rs. (1.54) in FY26 against Rs. 0.47 in the corresponding period of FY25.
Historical Stock Returns for Batliboi
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.19% | +0.94% | +3.88% | -17.15% | -7.48% | +618.43% |
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