News Earnings Likhitha Infrastructure Reports Q3FY26 Results with Revenue Decline and Lower ProfitabilityLikhitha Infrastructure Reports Q3FY26 Results with Revenue Decline and Lower Profitability
Likhitha Infrastructure Limited reported Q3FY26 revenue of Rs 111.40 crores, down 11.79% from Q3FY25's Rs 126.29 crores. Net profit declined significantly by 45.43% to Rs 9.43 crores while EBITDA margin compressed to 13.22%. Nine-month revenue fell 10.08% to Rs 336.04 crores with net profit decreasing 32.61% to Rs 34.87 crores. The company maintains an order book of approximately Rs 925 crores and operates across oil and gas infrastructure segments in 20 Indian states.
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Likhitha Infrastructure Limited has announced its financial results for the third quarter and nine months ended December 31, 2025, showing a decline in revenue and profitability compared to the previous year. The infrastructure company, which specializes in oil and gas pipeline projects, reported mixed performance across key financial metrics.
Q3FY26 Financial Performance
The company's quarterly results revealed a challenging period with revenue declining to Rs 111.40 crores in Q3FY26 from Rs 126.29 crores in Q3FY25, marking an 11.79% decrease. Profitability metrics showed more pronounced declines across all parameters.
| Metric: | Q3FY26 | Q3FY25 | Change (%) |
|---|---|---|---|
| Revenue: | Rs 111.40 Cr | Rs 126.29 Cr | -11.79% |
| EBITDA: | Rs 14.83 Cr | Rs 24.55 Cr | -39.59% |
| PBT: | Rs 12.66 Cr | Rs 23.22 Cr | -45.48% |
| Net Profit: | Rs 9.43 Cr | Rs 17.28 Cr | -45.43% |
| EPS: | Rs 2.39 | Rs 4.38 | -45.43% |
The EBITDA margin contracted to 13.22% in Q3FY26 from 19.24% in the corresponding quarter of the previous year, indicating pressure on operational efficiency.
Nine-Month Performance Analysis
The nine-month performance for FY26 showed similar trends with revenue decreasing by 10.08% to Rs 336.04 crores from Rs 376.72 crores in 9MFY25. Net profit for the nine-month period declined by 32.61% to Rs 34.87 crores compared to Rs 51.74 crores in the previous year.
| Parameter: | 9MFY26 | 9MFY25 | Change (%) |
|---|---|---|---|
| Revenue: | Rs 336.04 Cr | Rs 376.72 Cr | -10.08% |
| EBITDA: | Rs 52.83 Cr | Rs 63.83 Cr | -17.23% |
| PBT: | Rs 46.98 Cr | Rs 69.41 Cr | -32.32% |
| Net Profit: | Rs 34.87 Cr | Rs 51.74 Cr | -32.61% |
| EPS: | Rs 8.84 | - | - |
Business Operations and Order Book
Despite the financial challenges, Likhitha Infrastructure maintains a robust order book of approximately Rs 925 crores as of December 31, 2025. The company operates across four main business segments:
- City Gas Distribution Projects (CGD): Involves laying steel and MDPE pipelines for domestic, commercial, and industrial consumers
- Cross Country Pipeline Projects (CCP): Laying pipelines with associated piping, civil, electrical, and instrumentation works
- Operation & Maintenance Services (O&M): Providing skilled manpower and maintenance activities
- Tankage: Construction of fuel depots including storage tanks and associated facilities
Geographic Presence and Client Base
The company maintains operations across 20 states and 2 union territories in India, with ongoing projects in 18 locations and completed projects in 4 additional states. Likhitha Infrastructure has also expanded internationally with a joint venture company in Saudi Arabia and a branch office in Abu Dhabi, UAE.
The company serves major oil and gas sector clients including GAIL, IndianOil, ONGC, Bharat Petroleum, Hindustan Petroleum, and various city gas distribution companies. Founded in 1998 and listed on BSE and NSE in 2020, the company has established itself as a significant player in India's oil and gas infrastructure development sector.
Historical Stock Returns for Likhitha Infrastructure
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.32% | -7.63% | -4.92% | -39.08% | -43.85% | +15.04% |
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