Bondada Engineering Limited has delivered impressive financial results for the third quarter of FY26, showcasing significant growth across all key performance indicators. The company's Board of Directors approved the unaudited consolidated and standalone financial results for the quarter ended 31st December 2025 during their meeting held on 27th January 2026.

Consolidated Financial Performance

The company's consolidated performance for Q3FY26 demonstrates strong operational momentum across all business segments.

For the nine-month period ended 31st December 2025, the company maintained its growth trajectory with consolidated revenue from operations reaching ₹1,92,895.19 lakhs, representing a substantial 125.17% increase from ₹85,665.11 lakhs in the corresponding period of the previous year. Net profit for the nine-month period stood at ₹14,829.68 lakhs, up 140.25% from ₹6,171.20 lakhs.

Segment-wise Revenue Analysis

Bondada Engineering's diversified business model across three key segments contributed to the robust performance:

The EPC segment emerged as the primary growth driver, contributing ₹62,791.46 lakhs in Q3FY26 compared to ₹30,005.57 lakhs in Q3FY25. The Services and Products segments also showed positive growth, with Services revenue increasing to ₹3,976.18 lakhs and Products segment generating ₹4,460.33 lakhs.

Standalone Financial Results

The standalone financial performance equally reflected the company's strong operational efficiency:

For the nine-month period, standalone revenue from operations reached ₹1,78,280.99 lakhs, marking a 134.74% increase from ₹75,944.40 lakhs in the previous year. Standalone net profit for the nine-month period stood at ₹13,241.46 lakhs, up 135.19% from ₹5,630.19 lakhs.

Operational Efficiency and Cost Management

The company demonstrated effective cost management while scaling operations. Total expenses for Q3FY26 on a consolidated basis were ₹64,362.44 lakhs compared to ₹34,655.19 lakhs in Q3FY25. Key expense components included:

• Cost of material consumed: ₹30,916.20 lakhs
• Operating expenses: ₹28,417.51 lakhs
• Employee benefits expenses: ₹1,474.33 lakhs
• Finance costs: ₹1,391.90 lakhs

The company's profit before tax margin remained healthy at 10.22% for Q3FY26, demonstrating efficient operational management despite the significant scale-up in business activities.

Corporate Structure and Subsidiaries

Bondada Engineering operates through a comprehensive corporate structure comprising the holding company and ten subsidiaries. The subsidiary companies contributed revenues of ₹4,627.73 lakhs for Q3FY26 and ₹14,614.21 lakhs for the nine-month period ended 31st December 2025, after elimination of intercompany transactions. Key subsidiaries include Bondada Ecobuild Private Limited, Bondada E&E Private Limited, Atpole Technologies Private Limited, and Speck Systems Limited, among others.

Bondada Engineering Limited has successfully commissioned solar energy projects with a combined capacity of 120.46 MWp during December 2025, marking a significant milestone in the company's renewable energy portfolio. The projects were executed for three major clients - Paradigm IT, Maharashtra State Power Generation Company Limited (Mahagenco), and NLC India Limited, demonstrating the company's capability to serve diverse segments in the power sector.

Project Portfolio and Geographic Spread

The completed solar installations span across multiple locations in Maharashtra and Tamil Nadu, representing a substantial addition to India's renewable energy capacity. The projects were strategically distributed across various clusters to optimize execution efficiency and regional energy distribution.

Enhanced Operational Performance

The company has achieved remarkable operational momentum by doubling its monthly commissioning volumes on a month-on-month basis over the last two consecutive months. This performance improvement reflects enhanced project management capabilities, improved operational efficiencies, and strong execution momentum within the Solar EPC segment. The achievement demonstrates Bondada Engineering's ability to scale operations while maintaining quality standards across multiple concurrent installations.

Technical Excellence and Quality Standards

The Solar Division demonstrated high levels of technical expertise and disciplined execution across all project locations. The company maintained adherence to stringent quality and safety standards, ensuring seamless delivery as per customer expectations. This technical proficiency enabled the timely completion of projects spanning diverse geographical locations and varying technical specifications.

Strategic Contribution to National Energy Goals

These project completions represent a significant contribution to India's National Renewable Energy Mission, reinforcing Bondada Engineering's role as a reliable EPC partner in the country's clean energy transition. The successful commissioning of 120.46 MWp capacity supports India's commitment to expanding renewable energy generation capacity and achieving sustainable power generation objectives.

The company's ability to execute projects for both public sector entities like Mahagenco and NLC India, as well as private sector clients like Paradigm IT, positions it strategically in the expanding solar energy market. Bondada Engineering continues to focus on scaling its renewable energy footprint through disciplined execution and robust governance while strengthening long-term value creation for stakeholders.