Bhagwati Autocast Limited delivered impressive financial performance for the third quarter of fiscal year 2026, with net profit surging 150.23% year-on-year to Rs 353.81 lakhs. The Gujarat-based casting manufacturer announced these results following a Board meeting held on February 4, 2026, at its registered office in Ahmedabad.

Strong Revenue Growth Drives Performance

The company's revenue from operations demonstrated robust growth, increasing 35.46% to Rs 4290.33 lakhs in Q3FY26 compared to Rs 3167.33 lakhs in the corresponding quarter of the previous year. This substantial revenue expansion contributed significantly to the company's improved profitability metrics.

Exceptional Nine-Month Performance

The nine-month period ended December 31, 2025, showcased even more remarkable results. Net profit after tax reached Rs 989.09 lakhs, representing a substantial 189% increase from Rs 342.29 lakhs in the corresponding nine-month period of the previous year. Revenue for the nine-month period grew 24.60% to Rs 12630.55 lakhs compared to Rs 10136.56 lakhs in the previous year.

Operational Efficiency and Cost Management

The company maintained effective cost control while scaling operations. Total expenses for Q3FY26 were Rs 3720.74 lakhs compared to Rs 2978.61 lakhs in Q3FY25. Key expense components included cost of materials consumed at Rs 1771.25 lakhs, employee benefit expenses of Rs 468.51 lakhs, and consumption of stores & spares at Rs 557.35 lakhs.

Corporate Governance and Compliance

The Board of Directors, led by Managing Director Reena P. Bhagwati, approved the unaudited standalone financial results after review by the Audit Committee. The statutory auditors Mahendra N Shah & Co. conducted a limited review of the results as per Regulation 33 of SEBI Listing Regulations. The company also updated its Policy on Related Party Transactions during the Board meeting.

Business Segment and Future Outlook

Bhagwati Autocast Limited operates in manufacturing of castings as its single reportable business segment. The company has made additional provisions of Rs 38.72 lakhs towards past service cost related to the implementation of four new Labour Codes effective from November 21, 2025. The financial results demonstrate the company's strong operational performance and effective business execution in the casting manufacturing sector.

Bhagwati Autocast , a Gujarat-based company, has announced significant changes in its key management personnel, effective October 3, 2025. The company has appointed a new Chief Financial Officer (CFO) while simultaneously accepting the resignation of its Company Secretary and Compliance Officer.

New CFO Appointment

The Board of Directors of Bhagwati Autocast has appointed Mr. Kamlesh Prajapati as the new Chief Financial Officer. This appointment comes after the recommendation of the Audit Committee and was approved in a board meeting held on October 3, 2025.

Mr. Prajapati brings a wealth of experience to his new role:

• He is a Chartered Accountant with over 29 years of experience in accounts and finance.
• His expertise spans various areas including account operations, financial reporting, fund raising, taxation, and regulatory compliance.
• Mr. Prajapati has a strong background in strategic financial management, including budget preparation, variance analysis, and cost control measures.
• He has experience in overseeing financial operations, including month-end closures, accounts payable and receivable, product cost sheets, and investment management.
• His skills extend to risk management, insurance, and implementing internal controls.

It's worth noting that Mr. Prajapati does not hold any shares in Bhagwati Autocast and has no relationship with existing directors or key management personnel of the company.

Company Secretary Resignation

Simultaneously, Ms. Vidisha Rathod has resigned from her position as Whole Time Company Secretary and Compliance Officer. The board has accepted her resignation, which was tendered due to personal reasons. Ms. Rathod's resignation will be effective from the close of business hours on October 3, 2025.

The company has stated that there are no material reasons for the resignation other than those provided in Ms. Rathod's resignation letter. Bhagwati Autocast will complete the necessary formalities regarding her resignation in due course.

Regulatory Compliance

These management changes have been disclosed in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has submitted the required details to the BSE Limited, where its shares are listed under the scrip code 504646.

Bhagwati Autocast, with its registered office in Rajoda village near Bavla, Ahmedabad, operates in the auto components sector. These management changes come as part of the company's ongoing efforts to strengthen its leadership team and ensure robust financial management and compliance.