Raghav Productivity Enhancers Limited announced its unaudited financial results for the third quarter of FY26, demonstrating strong operational performance and strategic governance improvements. The company's Board of Directors approved these results during their meeting held on January 13, 2026.

Financial Performance Highlights

The company delivered impressive consolidated financial results for Q3FY26, showing significant growth across key performance indicators:

The nine-month performance also reflected strong momentum, with consolidated revenue reaching ₹18,651.54 lakhs compared to ₹14,899.47 lakhs in the corresponding period of FY25, representing a growth of 25.19%. Net profit for the nine-month period stood at ₹3,964.12 lakhs against ₹2,684.73 lakhs in the previous year.

Standalone Results Analysis

On a standalone basis, the company reported revenue from operations of ₹2,827.54 lakhs for Q3FY26, with net profit of ₹635.27 lakhs compared to ₹577.34 lakhs in Q3FY24. The standalone nine-month revenue was ₹8,308.84 lakhs with net profit of ₹2,207.19 lakhs, showing consistent performance across both consolidated and standalone metrics.

Board Committee Reconstitution

Following the retirement of Mr. Praveen Totla as Independent Director effective December 1, 2025, the Board approved the reconstitution of key committees:

Audit Committee:

• Mr. Govind Saboo (Chairperson) - Non-Executive Independent Director
• Mr. Hemant Nerurkar Madhusudan (Member) - Non-Executive Independent Director
• Mr. Sanjay Kabra (Member) - Executive Director

Nomination & Remuneration Committee:

• Mr. Amar Lal Daultani (Chairperson) - Non-Executive Independent Director
• Mr. Hemant Nerurkar Madhusudan (Member) - Non-Executive Independent Director
• Mr. Govind Saboo (Member) - Non-Executive Independent Director

Corporate Developments

The Board also considered and approved the company's Investment Policy during the meeting. The company received dividend income of ₹456.25 lakhs from its wholly owned subsidiary, Raghav Productivity Solutions Private Limited, during the nine-month period under review.

The company operates primarily in the ramming mass business and maintains its position as a single-segment entity. The financial results include the performance of its wholly owned subsidiary, Raghav Productivity Solutions Limited, in the consolidated statements.

Regulatory Compliance

The unaudited financial results were prepared in accordance with Indian Accounting Standards (Ind AS) and reviewed by the company's auditors, A Bafna & Co, Chartered Accountants. The trading window for price-sensitive information was closed from January 1, 2026, and will reopen 48 hours after the declaration of these quarterly results.

Raghav Productivity Enhancers Limited (RPEL), the world's largest manufacturer of silica ramming mass, has announced ambitious growth targets for FY27 while reporting robust financial results for the first half of FY26.

FY27 Growth Targets

RPEL has set its sights on achieving a revenue of ₹500-550 crores and a Return on Capital Employed (ROCE) of 20% by FY27. The company plans to reach these goals through several strategic initiatives:

1. Maintaining capacity utilization above 90%
2. Expanding global exports
3. Establishing a NABL-accredited R&D facility
4. Entering new markets for foundry and semiconductor-grade silica products

H1 FY26 Financial Highlights

The company has reported strong financial performance for the half-year ended September 30, 2025:

Key Performance Indicators

• Capacity Utilization: 79% on a consolidated basis
• Export Growth: Export sales volumes grew ~26% YoY in H1 FY26
• Eastern Market Penetration: Share increased from 26% in H1 FY25 to 35% in H1 FY26
• Customer Base: Serviced 248 customers in H1 FY26, with top 10 customers contributing 26% of sales (down from 33% in H1 FY25)
• New Customer Acquisition: Onboarded 25 new customers, including 16 in export markets

Management Commentary

Mr. Rajesh Kabra, Managing Director of RPEL, commented on the results: "We are pleased to report a strong first half of FY26, marked by robust revenue growth and healthy profitability. This performance demonstrates the resilience of our business model, disciplined execution, and a continued focus on operational efficiency and product innovation."

He added, "RPEL has always been an R&D-driven organization, creating a niche for itself in what has traditionally been a commoditized industry. With an NABL compliant state-of-the-art R&D facility set to commence at the new plant within the next four to six months, we are accelerating innovation in product development for silica processing used in industries such as engineered stone and semiconductor crucibles."

Future Outlook

RPEL is pursuing its next phase of growth with a focus on customer proximity, enabling more efficient service delivery and deeper market penetration. The company is also intensifying its focus on the foundry market through distribution networks and strategic partnerships.

With strong fundamentals, a robust strategy, and a talented team, RPEL appears well-positioned to capitalize on emerging opportunities, reinforce its market leadership, and deliver long-term, value-driven growth for all stakeholders.