ManuGraph India Reports Turnaround with ₹43.57 Lakh Profit in Q3 FY26
ManuGraph India Limited announced its Q3 FY26 results showing a complete financial turnaround with quarterly profit of ₹43.57 lakhs compared to previous year's loss of ₹455.35 lakhs. The company achieved 176.09% revenue growth to ₹1,768.52 lakhs in Q3 and 102.24% growth to ₹6,355.07 lakhs for nine months, supported by improved cost management and operational efficiency.

*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 compensation to retired employees and asset disposal gains.
| Exceptional Item: | Details |
|---|---|
| Employee Compensation (Q3 FY26): | ₹9.80 lakhs |
| Employee Compensation (Nine Months FY26): | ₹74.65 lakhs |
| Asset Sale Gain: | ₹218.75 lakhs |
| Previous Year Compensation (Nine Months FY25): | ₹1,156.11 lakhs |
The company incurred compensation costs for retired employees under consent terms signed with ManuGraph Employees Union on September 20, 2024. 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.
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 across all metrics. The financial performance demonstrates strong recovery in profitability.
| EPS Metric: | Q3 FY26 | Q3 FY25 | Nine Months FY26 | Nine Months FY25 |
|---|---|---|---|---|
| Before Exceptional Items: | ₹0.18 | ₹(1.47) | ₹1.56 | ₹(4.60) |
| After Exceptional Items: | ₹0.14 | ₹(1.50) | ₹2.03 | ₹(8.40) |
| Paid-up Equity Share Capital: | ₹608.30 lakhs | ₹608.30 lakhs | ₹608.30 lakhs | ₹608.30 lakhs |
Regulatory Compliance and Business Operations
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. The Board meeting commenced at 3:15 PM and concluded at 4:25 PM on February 10, 2026.
Historical Stock Returns for Manugraph
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.87% | -3.88% | -13.14% | -38.04% | -8.08% | -5.58% |

























