Keltech Energies Reports Q3 FY26 Results with Revenue Growth of 9.15%
Keltech Energies Limited reported Q3 FY26 unaudited results showing revenue growth of 9.15% to ₹12,817.23 lakhs and net profit increase of 1.09% to ₹581.41 lakhs compared to the corresponding quarter last year. Nine-month revenue reached ₹38,892.83 lakhs with net profit of ₹2,022.09 lakhs, representing growth of 11.50% and 11.97% respectively. The Explosives segment contributed ₹11,068.86 lakhs in Q3 revenue while the Perlite segment generated ₹1,287.35 lakhs.

*this image is generated using AI for illustrative purposes only.
Keltech Energies Limited announced its unaudited financial results for the quarter ended December 31, 2025, demonstrating steady growth in revenue and profitability. The Board of Directors approved these results at their meeting held on February 12, 2026.
Financial Performance Overview
The company's financial performance for Q3 FY26 showed positive momentum across key metrics:
| Metric | Q3 FY26 | Q3 FY25 | Change (%) |
|---|---|---|---|
| Revenue from Operations | ₹12,817.23 lakhs | ₹11,742.89 lakhs | +9.15% |
| Total Income | ₹12,960.01 lakhs | ₹11,833.72 lakhs | +9.52% |
| Net Profit | ₹581.41 lakhs | ₹575.16 lakhs | +1.09% |
| Earnings Per Share | ₹58.14 | ₹57.52 | +1.08% |
Nine-Month Performance
For the nine-month period ended December 31, 2025, Keltech Energies demonstrated strong year-over-year growth:
| Parameter | Nine Months FY26 | Nine Months FY25 | Growth (%) |
|---|---|---|---|
| Revenue from Operations | ₹38,892.83 lakhs | ₹34,881.81 lakhs | +11.50% |
| Net Profit | ₹2,022.09 lakhs | ₹1,805.92 lakhs | +11.97% |
| Earnings Per Share | ₹202.21 | ₹180.59 | +11.97% |
Segment-wise Performance
The company operates in two primary business segments:
Explosives Segment:
- Q3 FY26 revenue: ₹11,068.86 lakhs vs ₹10,056.36 lakhs in Q3 FY25
- Nine-month revenue: ₹33,411.03 lakhs vs ₹29,482.69 lakhs in previous year
- Segment result before tax and interest for Q3: ₹513.79 lakhs
Perlite Segment:
- Q3 FY26 revenue: ₹1,287.35 lakhs vs ₹1,265.68 lakhs in Q3 FY25
- Nine-month revenue: ₹4,051.71 lakhs vs ₹4,080.89 lakhs in previous year
- Segment result for Q3: ₹137.80 lakhs
Cost Structure and Expenses
Total expenses for Q3 FY26 amounted to ₹12,159.56 lakhs compared to ₹11,060.52 lakhs in the corresponding quarter of the previous year. Key expense components included:
- Cost of materials consumed: ₹8,515.60 lakhs
- Employee benefits expense: ₹934.60 lakhs
- Other expenses: ₹2,143.16 lakhs
- Finance costs: ₹97.78 lakhs
- Depreciation and amortisation: ₹188.10 lakhs
Balance Sheet Position
As of December 31, 2025, the company's total segment assets stood at ₹33,542.81 lakhs, representing an increase from ₹26,429.57 lakhs as of December 31, 2024. Total segment liabilities were ₹19,099.33 lakhs, resulting in total capital employed of ₹14,443.48 lakhs.
Regulatory Impact
The company noted the impact of new Labour Codes notified by the Government of India on November 21, 2025. Based on actuarial assessment, Keltech Energies recognized an incremental impact of ₹8.59 lakhs on account of gratuity due to changes in wage definition. The company continues to monitor developments in Central and State Rules related to the Labour Codes.
Historical Stock Returns for Keltech Energies
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.19% | +6.29% | +2.26% | -16.87% | +19.23% | +580.32% |




























