N G Industries Ltd has announced its unaudited standalone financial results for the quarter and nine months ended December 31, 2025, showing a mixed performance with revenue growth but significantly lower profitability compared to the previous year. The results were approved by the Board of Directors at their meeting held on February 10, 2026.

Financial Performance Overview

The company's financial performance for the quarter and nine-month periods presents contrasting trends in revenue and profitability:

Quarterly Results Analysis

For the third quarter of FY26, N G Industries reported revenue from operations of ₹428.67 lakh, representing a 7.3% increase from ₹399.66 lakh in Q3 FY25. However, total income declined significantly to ₹455.69 lakh from ₹1,166.34 lakh in the corresponding quarter of the previous year, primarily due to lower other income of ₹27.02 lakh compared to ₹766.68 lakh in Q3 FY25.

The company's total expenses for Q3 FY26 increased to ₹396.46 lakh from ₹375.69 lakh in Q3 FY25. Key expense components included professional services fees of ₹135.65 lakh, cost of material consumed at ₹55.46 lakh, and employee benefits expense of ₹59.84 lakh.

Nine-Month Performance

For the nine months ended December 31, 2025, the company's revenue from operations remained relatively stable at ₹1,203.35 lakh compared to ₹1,207.83 lakh in the corresponding period of FY25. Total expenses increased marginally to ₹1,138.45 lakh from ₹1,129.75 lakh year-on-year.

Earnings Per Share and Other Metrics

The company's earnings per share (EPS) for Q3 FY26 stood at ₹1.27, significantly lower than ₹20.03 reported in Q3 FY25. For the nine-month period, EPS declined to ₹3.12 from ₹30.36 in the previous year. The paid-up equity share capital remained unchanged at ₹335.05 lakh with a face value of ₹10 per share.

Comprehensive Income and Tax Expenses

The company reported other comprehensive income of ₹(7.64) lakh for Q3 FY26 compared to ₹(820.61) lakh in Q3 FY25. Total comprehensive income for the quarter was ₹34.82 lakh versus ₹(149.49) lakh in the previous year. Tax expenses for Q3 FY26 totaled ₹16.77 lakh, including current tax of ₹16.50 lakh and deferred tax of ₹0.27 lakh.

Board Approval and Audit

The financial results were recommended by the Audit Committee and approved by the Board of Directors at their meeting held on February 10, 2026. The meeting commenced at 3:00 p.m. and concluded at 3:40 p.m. The results have been subject to a limited review by the statutory auditors, M/s M.R. Singhvi & Company, who provided an unqualified review report. The company noted that dividend income and capital gains from the sale of investments constitute the 'Other Income' figures, and the company operates in only one business segment.

NG Industries Limited , a prominent player in the Indian market, has released its unaudited financial results for the second quarter and half-year ended September 30, 2025, revealing a mixed performance with some interesting trends.

Revenue and Profit Analysis

The company reported a total income from operations of ₹447.54 crore for Q2 FY2026, showing a decrease from ₹757.68 crore in the previous quarter. However, when compared to the same quarter last year (₹628.28 crore), the company experienced a year-on-year decline in revenue.

On the profitability front, NG Industries posted a net profit of ₹42.74 crore for Q2 FY2026, which marks a significant improvement from the ₹19.41 crore reported in the previous quarter. This represents a quarter-on-quarter growth of about 120% in net profit.

Half-Yearly Performance

For the half-year period ended September 30, 2025, NG Industries reported a total income of ₹1,205.22 crore, slightly higher than the ₹1,197.34 crore recorded in the corresponding period of the previous year.

Financial Position

As of September 30, 2025, the company's financial position remains robust:

Quarterly Financial Highlights

Here's a breakdown of key financial metrics for Q2 FY2026:

Management Commentary

The Board of Directors approved these results at their meeting held on November 8, 2025, following a recommendation by the Audit Committee.

Conclusion

NG Industries Limited's Q2 FY2026 results present a nuanced picture. While the company has shown impressive quarter-on-quarter profit growth, the year-on-year revenue decline may raise some concerns. The slight increase in half-yearly income compared to the previous year suggests that the company is maintaining its overall performance despite quarterly fluctuations.