Calcom Vision Reports Q3FY26 Loss Despite Strong Revenue Growth
Calcom Vision Limited reported mixed Q3FY26 results with a net loss of ₹85.09 lakhs despite 23.44% revenue growth to ₹5,513.21 lakhs. The nine-month period showed strong recovery with net profit of ₹194.11 lakhs, up 697% from ₹24.35 lakhs last year. The company benefited from ₹180 lakhs PLI incentive under the white goods scheme and saw 26,472 ESOP exercises during the period.

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Calcom Vision Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2025, presenting a mixed performance with strong revenue growth offset by quarterly losses. The company's results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on February 10, 2026.
Quarterly Financial Performance
The third quarter of FY26 showed robust revenue growth despite profitability challenges. Revenue from operations increased significantly by 23.44% year-on-year, reaching ₹5,513.21 lakhs compared to ₹4,466.16 lakhs in Q3FY25. However, the company reported a net loss of ₹85.09 lakhs for the quarter, contrasting with a profit of ₹30.85 lakhs in the corresponding quarter of the previous year.
| Financial Metric: | Q3FY26 | Q3FY25 | Change (%) |
|---|---|---|---|
| Revenue from Operations: | ₹5,513.21 lakhs | ₹4,466.16 lakhs | +23.44% |
| Total Income: | ₹5,527.92 lakhs | ₹4,474.13 lakhs | +23.56% |
| Net Profit/(Loss): | (₹85.09 lakhs) | ₹30.85 lakhs | - |
| Basic EPS: | (₹0.61) | ₹0.23 | - |
The quarterly loss was primarily attributed to increased operational expenses, with total expenses rising to ₹5,641.63 lakhs from ₹4,268.00 lakhs in the previous year, representing a 32.20% increase.
Nine-Month Period Demonstrates Strong Recovery
Despite the quarterly setback, the nine-month performance painted a more positive picture. The company achieved a net profit of ₹194.11 lakhs for the nine months ended December 31, 2025, compared to ₹24.35 lakhs in the corresponding period of FY25, marking an impressive growth of 697.00%.
| Nine-Month Metrics: | FY26 (9M) | FY25 (9M) | Growth (%) |
|---|---|---|---|
| Revenue from Operations: | ₹15,027.27 lakhs | ₹9,700.76 lakhs | +54.90% |
| Net Profit: | ₹194.11 lakhs | ₹24.35 lakhs | +697.00% |
| Basic EPS: | ₹1.39 | ₹0.18 | +672.22% |
PLI Incentive and Corporate Developments
A significant contributor to the company's improved performance was the PLI incentive claim of ₹180 lakhs filed under the Production Linked Incentive Scheme for white goods. This incentive was recognized under other income during the previous quarter and nine-month period ended December 31, 2025.
The company also witnessed employee stock option exercises, with 26,472 ESOPs being exercised during the nine months ended December 31, 2025, under the Calcom Employees Stock Option Plan, 2018. The paid-up equity share capital increased to ₹1,398.53 lakhs from ₹1,395.89 lakhs in the previous year.
Consolidated Results and Subsidiary Updates
On a consolidated basis, the company reported similar trends with a net loss of ₹95.04 lakhs for Q3FY26 compared to a profit of ₹22.86 lakhs in Q3FY25. The nine-month consolidated profit stood at ₹165.48 lakhs, significantly higher than ₹2.96 lakhs in the corresponding period last year.
Notably, the Ministry of Corporate Affairs approved the striking off of subsidiary Calcom Kadappa Private Limited on December 2, 2025, as it was non-operational. Additionally, the company incorporated a new wholly-owned subsidiary, Calcom Astra Private Limited, on January 17, 2025.
Operational Highlights and Future Outlook
The company's cost of materials consumed increased proportionally with revenue growth, rising to ₹4,516.61 lakhs in Q3FY26 from ₹3,623.50 lakhs in Q3FY25. Employee benefits expenses also increased to ₹675.62 lakhs from ₹584.98 lakhs, reflecting the company's expansion activities.
The management is currently assessing the impact of new Wage Code/Labour Codes notified by the government with effect from November 1, 2025, with any necessary accounting adjustments to be reflected in the financial results for the period ending March 2026.
Historical Stock Returns for Calcom Vision
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.57% | +8.29% | -0.99% | +7.55% | -1.53% | +402.29% |


































