Pilani Investment Reports Q3FY26 Results with Standalone Profit of ₹971.43 Lakhs
Pilani Investment and Industries Corporation Limited reported Q3FY26 standalone profit of ₹971.43 lakhs versus ₹2,676.24 lakhs in Q3FY25, while consolidated operations showed a loss of ₹1,439.24 lakhs due to associate company losses. Total revenue from operations declined to ₹5,878.54 lakhs with interest income remaining the primary contributor at ₹5,814.39 lakhs. The company maintained strong net worth of ₹1,670,691.14 lakhs despite increased finance costs and operational challenges.
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Pilani Investment & Industries Corporation Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, presenting a mixed performance across standalone and consolidated operations. The company, registered as an NBFC-CIC with RBI, primarily engages in investment and financing activities in India.
Standalone Financial Performance
The company's standalone operations showed a decline in profitability during Q3FY26. Net profit for the quarter stood at ₹971.43 lakhs compared to ₹2,676.24 lakhs in the corresponding quarter of the previous year, representing a significant decrease.
| Metric | Q3FY26 | Q3FY25 | Nine Months FY26 | Nine Months FY25 |
|---|---|---|---|---|
| Total Revenue from Operations | ₹5,878.54 lakhs | ₹6,086.23 lakhs | ₹24,472.86 lakhs | ₹26,323.18 lakhs |
| Net Profit | ₹971.43 lakhs | ₹2,676.24 lakhs | ₹7,104.56 lakhs | ₹15,153.46 lakhs |
| Earnings Per Share (Basic) | ₹8.77 | ₹24.17 | ₹64.17 | ₹136.86 |
For the nine-month period, standalone profit declined to ₹7,104.56 lakhs from ₹15,153.46 lakhs in the previous year, while total revenue from operations decreased to ₹24,472.86 lakhs from ₹26,323.18 lakhs.
Revenue Composition and Key Metrics
Interest income remained the primary revenue source, contributing ₹5,814.39 lakhs in Q3FY26 compared to ₹6,031.46 lakhs in Q3FY25. The company's revenue streams include:
- Interest Income: ₹5,814.39 lakhs (Q3FY26) vs ₹6,031.46 lakhs (Q3FY25)
- Dividend Income: Nil in Q3FY26 vs ₹2.47 lakhs in Q3FY25
- Net gain on fair value changes: ₹25.83 lakhs vs ₹14.05 lakhs
- Rental Income: ₹27.59 lakhs vs ₹27.51 lakhs
Finance costs increased substantially to ₹4,216.11 lakhs in Q3FY26 from ₹1,995.85 lakhs in Q3FY25, significantly impacting profitability.
Consolidated Results and Associate Impact
The consolidated financial results presented a contrasting picture, with the company reporting a loss of ₹1,439.24 lakhs in Q3FY26 compared to a profit of ₹1,336.61 lakhs in Q3FY25.
| Parameter | Q3FY26 | Q3FY25 | Change |
|---|---|---|---|
| Consolidated Revenue | ₹5,960.32 lakhs | ₹6,093.57 lakhs | Decline |
| Consolidated Profit/(Loss) | (₹1,439.24 lakhs) | ₹1,336.61 lakhs | Loss |
| Share of Loss in Associate | (₹2,424.95 lakhs) | (₹1,343.93 lakhs) | Higher Loss |
The consolidated loss was primarily attributed to the share of loss from associate company operations, which amounted to ₹2,424.95 lakhs in Q3FY26 compared to ₹1,343.93 lakhs in the previous year.
Financial Position and Ratios
The company maintained a strong financial position with net worth of ₹1,670,691.14 lakhs as of December 31, 2025. Key financial ratios include:
- Debt-Equity Ratio: 0.16 times (Q3FY26) vs 0.07 times (Q3FY25)
- Current Ratio: 0.82 times vs 2.45 times in the previous year
- Operating Margin: 22.31% vs 60.92% in Q3FY25
- Net Profit Margin: 16.53% vs 43.97% in Q3FY25
Commercial Paper Operations
The company actively managed its commercial paper portfolio during the period, with multiple repayments and outstanding instruments. Notable repayments included ₹20,000 lakhs, ₹35,000 lakhs, and several other tranches totaling significant amounts. Outstanding commercial papers as of December 31, 2025, include various instruments with maturity dates extending to March 2026.
Regulatory and Other Developments
The company recognized an additional liability of ₹31.78 lakhs towards employee benefit plans following the notification of Labour Codes by the Government of India on November 21, 2025. This impact was included in employee benefits expense for the quarter and nine-month period ended December 31, 2025.
The financial results were reviewed by joint statutory auditors Maheshwari & Associates and Agrawal Subodh & Co., and approved by the Board of Directors on February 7, 2026.
Historical Stock Returns for Pilani Investment & Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.01% | -1.08% | -10.25% | -8.90% | -0.42% | +139.97% |
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