Duncan Engineering Limited has released its unaudited financial results for the quarter and nine months ended December 31, 2025. The engineering company's performance showed mixed trends across different financial metrics during the reporting period.

Quarterly Financial Performance

For the third quarter of FY26, Duncan Engineering reported total income from operations of ₹2,019.04 lakhs, representing a decline from ₹2,058.91 lakhs recorded in the corresponding quarter of the previous fiscal year. The company's profitability metrics showed improvement, with net profit after tax rising to ₹102.99 lakhs compared to ₹69.82 lakhs in Q3 FY25.

Nine-Month Performance Analysis

The nine-month performance revealed a different trajectory, with total income from operations declining to ₹5,799.40 lakhs for the period ended December 31, 2025, compared to ₹6,597.65 lakhs in the corresponding period of FY25. Despite the revenue decline, the company maintained strong profitability margins.

Earnings Per Share and Capital Structure

The company's earnings per share (EPS) for Q3 FY26 stood at ₹2.79 for both basic and diluted calculations, compared to ₹1.89 in the previous year's corresponding quarter. For the nine-month period, EPS reached ₹9.95 compared to ₹10.71 in the same period last year. The paid-up equity share capital remained stable at ₹369.60 lakhs with a face value of ₹10 per share.

Corporate Governance and Compliance

The financial results were reviewed by the audit committee and subsequently approved by the Board of Directors at their meeting held on January 22, 2026. The statutory auditors have issued a limited review report with an unmodified opinion on the results. The company has prepared these statements in accordance with Indian Accounting Standards (Ind AS) as prescribed under section 133 of the Companies Act, 2013.

Regulatory Disclosures

Duncan Engineering has filed the complete format of its quarterly financial results with stock exchanges under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The detailed results are available on the websites of stock exchanges at www.bseindia.com and on the company's website at www.duncanengg.com . The company has also provided a QR code for easy access to the complete financial information.

Duncan Engineering Limited has terminated its joint venture agreement with Jubail Pearl Company Ltd., Saudi Arabia, following the failure to incorporate the intended joint venture company within the stipulated timeframe. The Board of Directors approved the termination with immediate effect during their meeting held on January 22, 2026.

Joint Venture Timeline and Termination

The company had originally entered into the Joint Venture Agreement (JVA) with Jubail Pearl Company Ltd., Saudi Arabia, as announced in their earlier intimation dated October 10, 2025. However, the intended joint venture company could not be successfully incorporated within the agreed timeline, leading to the decision to terminate the agreement.

The key details of the termination are presented below:

Financial and Operational Impact

Duncan Engineering has clarified that the termination carries no material impact on the company's operations or financial position. Importantly, no investment or financial commitments were made pursuant to the JVA during the period between its announcement and termination. This clean exit ensures that the company's resources remain unaffected by the failed joint venture attempt.

Regulatory Compliance

The termination announcement was made in compliance with Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The company filed the intimation with BSE Limited on January 23, 2026, maintaining transparency with stakeholders regarding this corporate development.

Duncan Engineering Limited, formerly known as Schrader Duncan Limited, operates from its registered office and plant located at F-33, Ranjangaon MIDC, Karegaon, Tal. Shirur, Dist. Pune. The company continues its regular business operations following this joint venture termination.