S&S Power Switchgear Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, showcasing a mixed performance with strong consolidated growth but standalone challenges. The Board of Directors approved these results at their meeting held on February 10, 2026.

Consolidated Financial Performance

The company's consolidated operations demonstrated robust performance during Q3FY26. Revenue from contracts with customers reached ₹7,907.54 lakhs, marking a significant increase from ₹3,931.64 lakhs in Q3FY25. Total income, including other income of ₹119.60 lakhs, stood at ₹8,027.14 lakhs for the quarter.

The company achieved a remarkable turnaround in profitability, posting consolidated net profit of ₹350.90 lakhs compared to a loss of ₹527.86 lakhs in Q3FY25. This improvement reflects better operational efficiency and cost management across the consolidated entity.

Nine Months Performance

For the nine months ended December 31, 2025, consolidated performance remained strong with revenue from operations at ₹19,866.07 lakhs versus ₹12,999.32 lakhs in the corresponding period of FY25. The company reported consolidated net profit of ₹821.00 lakhs against a loss of ₹362.23 lakhs in the prior year period.

Standalone Results Show Challenges

While consolidated performance was strong, standalone results presented a different picture. The company reported standalone revenue from operations of ₹102.74 lakhs in Q3FY26, primarily from other operating revenues, compared to ₹90.49 lakhs in Q3FY25. However, standalone operations resulted in a net loss of ₹130.97 lakhs versus a loss of ₹87.10 lakhs in the prior year quarter.

Employee benefits expense on standalone basis increased significantly to ₹166.45 lakhs in Q3FY26 from ₹51.46 lakhs in Q3FY25, largely due to ESOP cost amortization of ₹83.30 lakhs for the quarter.

Geographical Segment Performance

The company operates across India and UK segments. For Q3FY26, the India segment generated revenue of ₹3,317.90 lakhs while the UK segment contributed ₹4,760.25 lakhs. The UK segment showed stronger profitability with results of ₹311.68 lakhs compared to India segment's ₹134.48 lakhs.

ESOP Implementation Impact

The company issued ESOP options to select employees in February 2025, with costs amortized over a three-year vesting period. The consolidated employee cost for Q3FY26 included ₹128.27 lakhs towards ESOP amortization, representing a non-cash expense. Cumulative ESOP cost amortized for nine months ended December 31, 2025 reached ₹392.27 lakhs on consolidated basis.

Corporate Structure

The consolidated results include six entities: four wholly-owned subsidiaries (Acrastyle EPS Technologies Limited, S&S Power Switchgear Equipment Limited, Hamilton Research and Technology, and Acrastyle Power India Limited) and two step-down subsidiaries in the UK (Acrastyle Switchgear Limited and Acrastyle Limited). The company maintains its paid-up equity share capital at ₹1,234.16 lakhs with face value of ₹10 per share.

S&S Power Switchgear Limited has announced its board meeting scheduled for Tuesday, February 10, 2026, to review and approve the company's quarterly financial performance. The meeting has been convened in accordance with regulatory requirements under SEBI's listing regulations.

Board Meeting Agenda

The board meeting will address several key matters as outlined in the company's official communication dated January 31, 2026. The primary agenda includes consideration and approval of unaudited financial results for the recently concluded quarter.

Financial Results Review

The board will consider and approve the unaudited standalone and consolidated financial results for the quarter ended December 31, 2025. This represents the company's third quarter performance for the financial year 2025-26. The meeting agenda also includes provisions for any other business matters that may arise with the chairman's permission.

Trading Window Restrictions

In compliance with the company's Code of Conduct for Prevention of Insider Trading, S&S Power Switchgear Limited has implemented trading restrictions for designated persons. The trading window closure commenced on January 01, 2026, and will remain in effect until February 12, 2026.

Regulatory Compliance

The board meeting announcement has been made pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has formally notified both BSE Limited and National Stock Exchange of India Limited about the scheduled meeting through official communication signed by Prince Thomas, Company Secretary & Compliance Officer.

The company's proactive communication demonstrates its commitment to maintaining transparency and adhering to regulatory requirements in its corporate governance practices.