Indo SMC Limited Reports Strong Q3 FY26 Financial Results with Revenue Growth
Indo SMC Limited announced robust Q3 FY26 financial results as its first quarterly report as a listed entity, with revenue from operations reaching ₹10,149.32 lakhs and net profit of ₹1,209.73 lakhs, representing significant quarter-on-quarter growth. The results were formally approved by the Board of Directors and submitted to BSE under SEBI regulations.

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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.
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% |
| Net Profit | ₹1,209.73 lakhs | ₹900.79 lakhs | +34.3% |
| 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.
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.
Regulatory Compliance and Board Approval
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, which commenced at 2:30 PM and concluded at 3:30 PM.
| Meeting Details | Information |
|---|---|
| Date | February 9, 2026 |
| Duration | 2:30 PM - 3:30 PM |
| Regulation | SEBI Regulation 33 |
| Exchange | Bombay Stock Exchange |
Operational Metrics
The company's operational efficiency improved significantly during the quarter. Cost of material consumed stood at ₹8,590.64 lakhs in Q3 FY26 compared to ₹5,809.23 lakhs in the previous quarter. Total expenses for the quarter were ₹8,698.64 lakhs, resulting in a profit before tax of ₹1,460.47 lakhs.
Employee benefit expenses increased to ₹139.52 lakhs from ₹130.67 lakhs, while finance costs decreased to ₹139.98 lakhs from ₹206.59 lakhs in the previous quarter.
Recent Listing and Corporate Developments
Indo SMC Limited completed its transition from a private to public company during the current financial year. The company issued 61,71,000 equity shares of ₹10 each at a premium of ₹139 each through its initial public offering and got listed on the Emerge Platform of Bombay Stock Exchange on January 21, 2026.
The company operates three manufacturing facilities located in Pirana (Ahmedabad), Nashik (Maharashtra), and Gilot (Rajasthan). Its business encompasses manufacturing electrical apparatus for switching and protecting electrical circuits, FRP products including pultrusion products and moulded gratings, and current and potential transformers.
Financial Position
As of December 31, 2025, the company's total segment assets stood at ₹17,583.92 lakhs compared to ₹14,766.72 lakhs in the previous quarter. Total segment liabilities were ₹11,550.46 lakhs, up from ₹9,942.97 lakhs in Q2 FY26.
The company noted that as a newly listed entity, comparative figures for the corresponding quarter ended December 31, 2024, are not available. The auditor's review report emphasized this matter while confirming that the financial results comply with applicable accounting standards and SEBI regulations.

































