Ducon infratechnologies Limited has announced its unaudited financial results for the third quarter and nine months ended December 31, 2025. The infrastructure and technology company faced challenging market conditions during the quarter, with both standalone and consolidated operations showing mixed performance compared to the previous year.

Standalone Financial Performance

The company's standalone operations experienced a notable decline in the third quarter of FY26. Revenue from operations decreased significantly compared to the corresponding period last year, while profitability margins came under pressure.

The company's cost structure remained elevated, with cost of raw materials consumed at ₹4,692.89 lakhs compared to ₹5,333.17 lakhs in the previous year. Finance costs decreased to ₹210.05 lakhs from ₹249.65 lakhs, providing some relief to the bottom line.

Nine-Month Standalone Results

For the nine months ended December 31, 2025, the standalone business showed a revenue decline while maintaining reasonable profitability levels.

Consolidated Performance

The consolidated results, which include the subsidiary Ducon Combustion Equipment Inc., demonstrated stronger performance metrics across key parameters.

For the nine-month period, consolidated revenue reached ₹31,915.40 lakhs compared to ₹33,200.46 lakhs in the previous year, while net profit stood at ₹913.65 lakhs versus ₹994.12 lakhs year-on-year.

Segment-wise Performance

The company operates primarily in two business segments. The Industrial EPC segment contributed ₹9,345.74 lakhs to consolidated revenue in Q3 FY26, while the Security Solution & AI segment generated ₹85.08 lakhs during the quarter.

Key Financial Highlights

• Equity Capital: Remained stable at ₹3,249.26 lakhs across all periods
• Tax Expenses: Standalone current and deferred tax for Q3 FY26 was ₹12.41 lakhs
• Employee Benefits: Standalone employee costs decreased to ₹147.85 lakhs from ₹170.81 lakhs year-on-year
• Depreciation: Minimal impact with ₹3.21 lakhs in Q3 FY26 compared to ₹2.46 lakhs in Q3 FY25

The financial results were reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on February 12, 2026. The company continues to operate in the Industrial EPC and Information Technology segments, with the current quarter figures pertaining primarily to Industrial EPC operations.

Ducon Infratechnologies Limited has announced its financial results for the second quarter of fiscal year 2025-26, along with significant changes in its management team, including a recent appointment of a new Company Secretary.

Financial Performance

The company reported a mixed set of results for Q2 FY2025-26:

Management Changes

In November, Mr. Darshit Parikh, the Company Secretary and Compliance Officer, submitted his resignation effective from November 13, 2025, citing his decision to pursue better career opportunities.

Following this departure, the Board of Directors has appointed Ms. Snehal Kamalakar Sawant as the new Company Secretary, Compliance Officer and Key Managerial Personnel effective December 19, 2025. The appointment was made on the recommendation of the Nomination and Remuneration Committee during a board meeting held on December 19, 2025.

New Company Secretary Profile

Ms. Snehal Kamalakar Sawant brings significant expertise to her new role:

Subsidiary Performance

The company's subsidiary, Ducon Combustion Equipment Inc., located outside India, contributed significantly to the group's performance for the period ended September 30, 2025:

Auditor's Notes

Hitesh Shah and Associates, the company's auditors, highlighted an emphasis of matter regarding investments in equity shares of a private limited company totaling ₹500.00 lakhs as of September 30, 2025. While these should be measured at fair value per Indian Accounting Standard 109, management has valued them at cost, citing long-term business synergy and potential.

The December 19 board meeting commenced at 5:40 PM and concluded at 6:00 PM, while the earlier Q2 results meeting was held on November 14, 2025, from 6:10 PM to 7:15 PM.