Indo SMC Limited Reports Strong Q3 FY26 Results with Major Order Wins

3 min read     Updated on 09 Feb 2026, 04:00 PM
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Overview

Indo SMC Limited delivered robust Q3 FY26 performance with 35% quarter-on-quarter growth in total income to ₹10,159.11 lakhs and 34% growth in net profit to ₹1,209.73 lakhs. The company secured significant new orders totaling over ₹94 crore across various product categories and received MSEDCL vendor approval, strengthening its revenue visibility for upcoming quarters.

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Indo SMC Limited announced its unaudited financial results for the quarter ended December 31, 2025, marking the company's first quarterly results as a listed entity. The Ahmedabad-based manufacturer of electrical apparatus and composite materials demonstrated strong operational performance with significant growth across key financial metrics and secured major new orders during the quarter.

Financial Performance Overview

The company reported robust financial results for Q3 FY26, showing substantial improvement over the previous quarter:

Metric Q3 FY26 Q2 FY26 Growth
Revenue from Operations ₹10,149.32 lakhs ₹7,519.40 lakhs +35.0%
Total Income ₹10,159.11 lakhs ₹7,525.67 lakhs +35.0%
EBITDA ₹1,645.38 lakhs - -
EBITDA Margin 16.20% - -
Net Profit ₹1,209.73 lakhs ₹900.79 lakhs +34.3%
Net Profit Margin 11.90% - -
Earnings Per Share ₹7.25 ₹5.40 +34.3%

For the nine-month period ended December 31, 2025, the company achieved revenue from operations of ₹21,403.43 lakhs and net profit of ₹2,355.23 lakhs, with earnings per share of ₹14.12.

Major Business Developments

Indo SMC secured significant new orders during Q3 FY26, strengthening its revenue visibility for upcoming quarters:

Order Category Value Product Details
Fresh Orders ₹54+ crore 11 kV metering cubicles, FRP cable trays, SMC meter boxes
HT Bus Ducts ₹40+ crore 650A rated Air Insulated Bus Ducts for underground distribution
Vendor Approval - MSEDCL approval for 11 kV metering cubicles

The company also reported improved working capital efficiency, with receivable days reduced to approximately 40 days in Q3 FY26, reflecting better collections and disciplined financial management.

Segment-wise Performance

Indo SMC operates across three primary business segments, each contributing to the overall growth:

Segment Q3 FY26 Revenue Q2 FY26 Revenue Nine Months FY26
CT PT Products ₹7,675.74 lakhs ₹5,110.26 lakhs ₹15,333.23 lakhs
SMC Products ₹2,049.73 lakhs ₹1,868.63 lakhs ₹4,823.12 lakhs
FRP Products ₹423.85 lakhs ₹540.51 lakhs ₹1,247.07 lakhs

The CT PT Products segment emerged as the largest contributor, generating ₹7,675.74 lakhs in Q3 FY26 compared to ₹5,110.26 lakhs in the previous quarter. SMC Products segment also showed growth with revenue of ₹2,049.73 lakhs versus ₹1,868.63 lakhs in Q2 FY26.

Management Commentary

Mr. Neel Nitesh bhai Shah, Managing Director & CFO, commented on the performance: "Q3 FY26 marked an important milestone for Indo SMC as our first earnings call following listing. The quarter reflected strong operational execution and progress across key business priorities, supported by disciplined execution and a continued focus on quality and customer relationships."

He added that the company secured fresh orders during the quarter, strengthening the overall order book and providing strong revenue visibility for coming quarters. Key developments included receiving utility approvals for metering cubicles and continued repeat orders from existing customers.

Regulatory Compliance and Corporate Structure

The unaudited financial results were submitted to the Bombay Stock Exchange under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on February 9, 2026.

Corporate Details Information
BSE Symbol INDOSMC
BSE Code 544681
ISIN INE0WKY01013
Listing Date January 21, 2026
Manufacturing Facilities Gujarat, Maharashtra, Rajasthan

Indo SMC Limited operates as an ISO-certified manufacturer specializing in SMC, FRP, and electrical components for power distribution and infrastructure applications, serving customers across more than 20 states in India.

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INDO SMC Limited Appoints EquiBridgeX Advisors as Investor Relations Agency

1 min read     Updated on 05 Feb 2026, 07:56 PM
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Reviewed by
Shriram SScanX News Team
Overview

INDO SMC Limited has appointed EquiBridgeX Advisors Private Limited as its Investor and Public Relations Agency effective February 5, 2026. The appointment, made under SEBI Regulation 30 compliance, will see the Vashi-based agency provide comprehensive IR advisory services. Company Secretary Avani R Patel formally notified the Bombay Stock Exchange of this strategic corporate communication enhancement.

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INDO SMC Limited has formally appointed EquiBridgeX Advisors Private Limited as its Investor and Public Relations Agency, marking a strategic move to enhance its corporate communication capabilities. The appointment, effective February 5, 2026, was announced in compliance with regulatory requirements under SEBI listing obligations.

Appointment Details

The company has engaged EquiBridgeX Advisors Private Limited to provide comprehensive Investor and Public Relations Advisory Services. The newly appointed agency operates from its registered office located at Shop No.52 Shivji Market, Plot No. 8&9 Sec 19D Vashi, Thane, Maharashtra, with the postal code 400705.

Parameter: Details
Agency Name: EquiBridgeX Advisors Private Limited
Effective Date: February 5, 2026
Services: Investor and Public Relations Advisory Services
Location: Vashi, Thane, Maharashtra

Regulatory Compliance

The appointment was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary and Compliance Officer Avani R Patel, holding membership number A66815, formally communicated this development to the Bombay Stock Exchange for record-keeping purposes.

Company Operations

INDO SMC Limited operates through multiple facilities across India. The company maintains two manufacturing units - one located at Plot No.11, Shivprerna Industrial Park on Kamod to Pirana Road in Ode, Daskroi, Ahmedabad, and another at Plot No. A 37/2 in NICE Area, MIDC Satpur, Nashik, Maharashtra. The corporate office is situated at 808, Shilp Zaveri, near Shyamal Cross Road in Satellite, Ahmedabad.

This strategic appointment of EquiBridgeX Advisors reflects the company's commitment to maintaining transparent communication with investors and stakeholders while ensuring compliance with regulatory frameworks governing listed entities.

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