Gandhi Special Tubes Limited delivered strong financial performance in the third quarter of FY26, reporting a significant 30% year-on-year increase in net profit to ₹1,969.97 lakhs compared to ₹1,516.06 lakhs in Q3FY25. The company's revenue from operations grew robustly by 22% to ₹4,844.21 lakhs from ₹3,976.76 lakhs in the corresponding quarter of the previous year.

Financial Performance Overview

The company's quarterly results demonstrate strong operational efficiency despite facing exceptional charges. Total income for Q3FY26 reached ₹5,447.61 lakhs, marking a substantial increase from ₹4,183.60 lakhs in Q3FY25. Other income contributed significantly at ₹603.40 lakhs compared to ₹206.84 lakhs in the previous year quarter.

Operational Expenses and Margins

Total expenses for the quarter stood at ₹2,705.63 lakhs compared to ₹2,391.33 lakhs in Q3FY25. Key expense components included cost of materials consumed at ₹1,652.11 lakhs, employee benefits expenses of ₹243.66 lakhs, and power & fuel costs of ₹296.65 lakhs. The company maintained disciplined cost management across most expense categories.

Exceptional Items Impact

The company recorded exceptional charges of ₹118.12 lakhs during the quarter, attributed to the implementation of new Labour Codes notified by the Government of India effective November 21, 2025. This one-time charge represents incremental estimated obligations for employees' past services under the regulatory changes.

Nine-Month Performance

For the nine-month period ended 31 December 2025, Gandhi Special Tubes demonstrated consistent growth momentum. Net profit increased 26% to ₹5,899.95 lakhs from ₹4,672.57 lakhs in the corresponding period of FY25. Revenue from operations grew 12% to ₹14,456.19 lakhs compared to ₹12,920.21 lakhs in the previous year.

Tax Management and Comprehensive Income

The company's tax expense for Q3FY26 totaled ₹653.89 lakhs, including current tax of ₹587.00 lakhs and deferred tax of ₹66.89 lakhs. Total comprehensive income for the quarter reached ₹1,972.02 lakhs, incorporating other comprehensive income of ₹2.05 lakhs related to employee benefit remeasurements.

Board Approval and Compliance

The unaudited financial results were approved by the Board of Directors at their meeting held on 10 February 2026, following recommendation by the Audit Committee. The statutory auditors S.V. Doshi & Co. conducted a limited review of the results in accordance with applicable standards. The company maintains its paid-up equity share capital at ₹607.60 lakhs with a face value of ₹5 per share.

Gandhi Special Tubes Limited has announced that its Board of Directors will convene on February 10, 2026, to review and approve the company's unaudited financial results for the third quarter and nine months ended December 31, 2025. The meeting notification was communicated to both BSE Limited and National Stock Exchange of India Limited in compliance with regulatory requirements.

Meeting Details and Regulatory Compliance

The board meeting has been scheduled in accordance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company's communication, referenced as GSTL/BSE/NSE/62021003 and dated January 30, 2026, was addressed to both major stock exchanges where the company's shares are listed.

Trading Window Closure

As part of standard regulatory procedures, Gandhi Special Tubes Limited has implemented a trading window closure for dealing in the company's shares. The trading window was closed from January 1, 2026, and will remain closed until 48 hours after the financial results are made public on February 10, 2026.

The company has specified that trading will resume on Friday, February 13, 2026. This closure period is designed to prevent insider trading and ensure fair disclosure of material information to all market participants.

Company Information

Gandhi Special Tubes Limited trades on BSE with scrip code 513108 and on NSE with the symbol GANDHITUBE. The company is incorporated with CIN L27104MH1985PLC036004 and maintains its registered office at 201-204, Plaza, 2nd Floor, 55 Hughes Road, Mumbai - 400 007.

The board meeting notification was signed by Chaitali Kachalia, Company Secretary and Compliance Officer (Membership No. ACS 54216), who digitally signed the document on January 30, 2026, at 12:10:32 +05'30'.