Indian terrain Fashions Limited has delivered a strong quarterly performance in Q3 FY26, reporting a net profit of ₹2.56 crores compared to a loss of ₹3.44 crores in the same quarter last year. The apparel company's board approved these unaudited standalone financial results for the quarter and nine months ended 31st December 2025 during a meeting held on 5th February 2026.

Financial Performance Overview

The company demonstrated improved operational efficiency with revenue from operations growing 4.66% year-on-year to ₹101.40 crores in Q3 FY26. Sequential growth was also positive, with revenue increasing from ₹100.96 crores in Q2 FY26.

Cost Management and Profitability

The company's cost management initiatives showed positive results with total expenses decreasing to ₹97.54 crores in Q3 FY26 from ₹101.65 crores in Q3 FY25. Cost of goods sold improved significantly to ₹56.96 crores compared to ₹58.23 crores in the previous year quarter. Other expenses were controlled at ₹26.36 crores versus ₹27.61 crores in Q3 FY25.

The company reported profit before exceptional items and tax of ₹4.64 crores, a substantial improvement from the loss of ₹3.85 crores in Q3 FY25.

Nine-Month Performance and Challenges

Despite the strong quarterly showing, the nine-month period revealed ongoing challenges. The company reported a net loss of ₹4.01 crores for the nine months ended 31st December 2025, though this represents a significant improvement from the ₹40.48 crores loss in the corresponding period last year.

Exceptional Items and Regulatory Impact

The company recorded an exceptional item of ₹0.58 crores during Q3 FY26 related to the implementation of new labour codes. This provision covers incremental gratuity and compensated absences payable to employees following the Government of India's notification of new labour codes in November 2025.

Capital Structure and Share Performance

The paid-up equity share capital stood at ₹10.13 crores with a face value of ₹2 per share, compared to ₹9.14 crores in the previous year. Basic and diluted earnings per share for Q3 FY26 were ₹0.51, marking a positive turnaround from the negative ₹0.75 per share in Q3 FY25.

The company operates exclusively in the apparel and accessories segment, with management noting that revenue is typically unevenly distributed throughout the year due to the seasonal nature of the business.

Source:

Indian terrain Fashions Limited has announced the reconstitution of its Audit Committee effective January 29, 2026, following recent changes in board composition. The company informed stock exchanges BSE and NSE about the committee restructuring through an official intimation.

Board Resolution and Effective Date

The Board of Directors approved the reconstitution through a resolution passed by circulation on January 29, 2026. The changes take effect from the same date, ensuring continuity in the company's governance structure.

Audit Committee Composition Changes

The reconstitution addresses the vacancy created following the demise of committee member Mr. P S Raghavan on November 24, 2025. The company had previously informed stock exchanges about this development through intimation ITFL/SEC/2025-26/NOV/07 dated November 25, 2025.

*demised on November 24, 2025

New Committee Structure

The reconstituted Audit Committee maintains its three-member structure with Mrs. Nidhi Reddy joining as the new Independent Director member. Mr. Tarique Ansari continues as Chairman of the Audit Committee, while Mr. Charath Ram Narsimhan retains his position as Managing Director & CEO member.

Regulatory Compliance

The intimation was sent to both BSE Limited (Scrip Code: 533329) and National Stock Exchange of India Limited (NSE Symbol: IND TERRAIN) as part of the company's regulatory disclosure obligations. Company Secretary & Compliance Officer Sainath Sundaram signed the official communication on behalf of Indian Terrain Fashions Limited.