East India Drums & Barrels Manufacturing Limited has released its unaudited financial results for the quarter and nine months ended December 31, 2025, showing mixed performance with revenue declining but profitability improving year-over-year. The Board of Directors approved these results at their meeting held on February 13, 2026.

Quarterly Financial Performance

The company's Q3 FY26 performance presents a contrasting picture of revenue decline coupled with improved profitability. Total revenue from operations decreased to ₹5687.43 lakhs compared to ₹6621.33 lakhs in the corresponding quarter of the previous year, marking a significant decline in top-line performance.

Despite the revenue challenges, the company demonstrated strong profit growth with net profit before tax surging to ₹178.67 lakhs from ₹43.60 lakhs in Q3 FY25. Net profit after tax also showed improvement, reaching ₹105.36 lakhs compared to ₹96.90 lakhs in the same period last year.

Nine-Month Performance Analysis

The nine-month results for FY26 reflect similar trends observed in the quarterly performance. Revenue from operations for the nine months ended December 31, 2025, declined to ₹18838.36 lakhs from ₹20554.01 lakhs in the corresponding period of the previous year.

The profitability metrics for the nine-month period showed substantial improvement, with net profit after tax increasing to ₹393.25 lakhs from ₹272.46 lakhs in the previous year, demonstrating the company's ability to enhance operational efficiency despite revenue headwinds.

Earnings Per Share and Capital Structure

The company's earnings per share performance reflected the improved profitability trends. For Q3 FY26, both basic and diluted earnings per share stood at ₹0.71, compared to ₹0.66 in Q3 FY25. The nine-month earnings per share reached ₹2.66, significantly higher than ₹1.84 in the corresponding period of the previous year.

The company maintained a stable equity share capital of ₹1477.42 lakhs with a face value of ₹10 per share. Other equity increased to ₹588.45 lakhs from ₹350.98 lakhs in the previous year, indicating strengthened reserves.

Operational Highlights

East India Drums & Barrels Manufacturing Limited operates three manufacturing facilities across India, including plants in Daman, Sonipat (Haryana), and Karjat (Maharashtra). The company holds multiple ISO certifications including ISO 9001:2015, 14001:2015, and 45001:2018, reflecting its commitment to quality, environmental management, and occupational health and safety standards.

The financial results were reviewed by the Audit Committee and approved by the Board of Directors on February 13, 2026. The company reported no pending investor complaints as of December 31, 2025, indicating effective investor relations management.

East India Drums & Barrels Manufacturing Ltd promoter Shri Madhav Jayesh Valia has announced plans to sell a 5% stake in the company through an Offer for Sale (OFS) mechanism. The announcement, made on January 13, 2026, outlines the sale of up to 7,38,711 equity shares scheduled for January 14-16, 2026.

OFS Structure and Timeline

The offer will be conducted over two trading days through BSE's separate window mechanism. Non-retail investors will have exclusive access on January 14, 2026 (T Day), while retail investors can participate on January 16, 2026 (T+1 Day). Both trading sessions will operate from 9:15 a.m. to 3:30 p.m. Indian Standard Time.

Allocation Methodology

The OFS follows a structured allocation approach with separate categories for different investor types. A minimum of 25% of offer shares will be reserved for mutual funds and insurance companies, subject to valid bids at or above the floor price. The retail portion is capped at 10% of the total offer shares.

For retail investors, the maximum bid value cannot exceed ₹2,00,000 across all stock exchanges. These investors have the option to bid at a specific price or choose the cut-off price, which will be determined based on non-retail investor bids received on T Day.

Settlement and Participation Terms

Choice Equity Broking Pvt Ltd will serve as both the seller's broker and settlement broker for the transaction. The clearing corporation designated for the OFS is Indian Clearing Corporation Limited (ICCL).

Regulatory Compliance

The OFS is being undertaken to achieve minimum public shareholding requirements as prescribed under Rule 9(2)(b) of the Securities Contracts (Regulation) Rules, 1957, and Regulation 38 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The offer follows SEBI's Master Circular guidelines issued through circular number SEBI/HO/MRD-PoD2/CIR/P/2024-00181 dated December 30, 2024.

The promoter reserves the right to withdraw or cancel the offer under specific conditions, including insufficient response from non-retail investors or settlement defaults. In case of withdrawal, a cooling-off period of 10 trading days will apply before another OFS can be initiated.

Source: East India Drums & Barrels Manufacturing Ltd OFS Notice