ManuGraph India Reports Turnaround with ₹43.57 Lakh Profit in Q3 FY26
ManuGraph India Limited reported a significant turnaround in Q3 FY26 with a net profit of ₹43.57 lakhs compared to a loss of ₹455.35 lakhs in Q3 FY25, driven by 176.09% revenue growth to ₹1,768.52 lakhs. The nine-month performance was equally impressive with revenue reaching ₹6,355.07 lakhs and net profit of ₹618.62 lakhs against previous year losses. The company benefited from improved operational efficiency, reduced finance costs, and a gain of ₹218.75 lakhs from asset disposal at its Kolhapur Unit II.

*this image is generated using AI for illustrative purposes only.
ManuGraph India Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2025, demonstrating a significant turnaround in its financial performance. The Board of Directors approved these results at their meeting held on February 10, 2026, following review by the Audit Committee and limited review by statutory auditors Desai Shah & Associates.
Strong Quarterly Performance
The company delivered impressive results in Q3 FY26, marking a complete reversal from the previous year's performance. The financial metrics show substantial improvement across key parameters.
| Financial Metric | Q3 FY26 | Q3 FY25 | Change |
|---|---|---|---|
| Revenue from Operations | ₹1,768.52 lakhs | ₹640.52 lakhs | +176.09% |
| Net Profit/(Loss) | ₹43.57 lakhs | ₹(455.35) lakhs | Turnaround |
| Total Income | ₹1,769.60 lakhs | ₹670.60 lakhs | +163.86% |
| Total Expenses | ₹1,711.87 lakhs | ₹1,124.81 lakhs | +52.20% |
The company achieved a profit before exceptional items and tax of ₹57.73 lakhs in Q3 FY26, compared to a loss of ₹454.21 lakhs in the corresponding quarter of the previous year.
Nine-Month Performance Analysis
The nine-month period ending December 31, 2025, showcased even more dramatic improvements in the company's financial position. Revenue growth and cost management contributed to the positive transformation.
| Parameter | Nine Months FY26 | Nine Months FY25 | Growth |
|---|---|---|---|
| Revenue from Operations | ₹6,355.07 lakhs | ₹3,142.18 lakhs | +102.24% |
| Net Profit/(Loss) | ₹618.62 lakhs | ₹(2,554.09) lakhs | Turnaround |
| Profit Before Tax | ₹675.26 lakhs | ₹(2,556.32) lakhs | Turnaround |
| Employee Benefits Expense | ₹1,193.97 lakhs | ₹1,452.41 lakhs | -17.79% |
Exceptional Items and Asset Disposal
The company reported exceptional items during the reporting period that impacted its financial results. Key exceptional items included:
- Employee Compensation: The company incurred ₹74.65 lakhs for nine months FY26 as compensation to retired employees under consent terms signed with ManuGraph Employees Union on September 20, 2024
- Asset Sale Gain: During the nine-month period, the company disposed of all moveable assets held for sale at its Kolhapur Unit II, resulting in a gain of ₹218.75 lakhs
- Previous Year Impact: The corresponding nine-month period of FY25 had seen exceptional employee compensation costs of ₹1,156.11 lakhs
Operational Efficiency and Cost Management
The company demonstrated improved operational efficiency with better cost management across various expense categories. Finance costs decreased significantly to ₹56.93 lakhs for nine months FY26 from ₹185.66 lakhs in the previous year, indicating improved financial management. Employee benefits expenses also reduced from ₹1,452.41 lakhs to ₹1,193.97 lakhs during the nine-month period.
Earnings Per Share and Capital Structure
The company's earnings per share showed substantial improvement, with basic and diluted EPS after exceptional items reaching ₹0.14 for Q3 FY26 compared to ₹(1.50) in Q3 FY25. For the nine-month period, EPS after exceptional items stood at ₹2.03 against ₹(8.40) in the previous year. The paid-up equity share capital remains at ₹608.30 lakhs with a face value of ₹2.00 per share.
Regulatory Compliance and Business Segment
The financial results comply with Indian Accounting Standards (Ind AS) and SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company operates in a single reportable business segment of Engineering as per Ind AS 108. The results were prepared on a standalone basis as the company does not have any subsidiaries.
Historical Stock Returns for Manugraph
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +14.17% | +19.59% | +11.01% | -4.18% | -1.95% | +40.56% |



























