Sahyadri Industries Limited delivered exceptional financial performance in Q3FY26, demonstrating significant growth across key metrics. The company announced its unaudited financial results for the quarter and nine months ended December 31, 2025, showcasing robust operational efficiency and improved profitability.

Outstanding Quarterly Performance

The third quarter of FY26 marked a remarkable turnaround for Sahyadri Industries, with the company achieving substantial growth in both revenue and profitability. The quarterly results reflect strong market demand and effective operational management.

Nine-Month Financial Highlights

The nine-month performance further reinforced the company's strong operational trajectory, with consistent growth across all major financial parameters. The sustained improvement demonstrates the effectiveness of the company's strategic initiatives.

Segment-wise Business Performance

Sahyadri Industries operates through two distinct business segments, with Building Material serving as the primary revenue driver. The segment-wise analysis reveals the diversified nature of the company's operations.

Building Material Segment:

• Q3FY26 revenue: ₹143.48 crores vs ₹129.14 crores in Q3FY25
• Nine-month revenue: ₹477.88 crores vs ₹444.10 crores in 9M FY25
• Segment profit before tax and interest: ₹7.65 crores in Q3FY26

Power Generation Segment:

• Q3FY26 revenue: ₹3.05 crores vs ₹2.54 crores in Q3FY25
• Nine-month revenue: ₹12.95 crores vs ₹15.68 crores in 9M FY25
• Segment profit: ₹0.47 crores in Q3FY26

Operational Efficiency and Cost Management

The company demonstrated improved operational efficiency through effective cost management strategies. Cost of materials consumed increased to ₹79.78 crores in Q3FY26 from ₹69.85 crores in Q3FY25, while maintaining healthy profit margins. Employee benefits expense rose marginally to ₹11.38 crores from ₹10.69 crores year-on-year.

Finance costs decreased significantly to ₹0.92 crores in Q3FY26 from ₹1.86 crores in Q3FY25, reflecting improved financial management. The company reported exceptional items of ₹0.64 crores related to statutory impact of new Labour Codes implemented by the Government of India.

Expansion Initiatives and Future Outlook

Sahyadri Industries continues to pursue strategic expansion projects to strengthen its market position. The company is establishing a new manufacturing unit in Orissa for Asbestos Corrugated Sheets with a capacity of 1,20,000 MT. Additionally, activities for setting up a Non Asbestos Cement Boards plant in Maharashtra with 72,000 MT capacity have been initiated, with land acquisition currently in process.

The Board of Directors approved these unaudited financial results on February 11, 2026, following review by the Audit Committee. The statutory auditors conducted a limited review and issued an unmodified review report, confirming the accuracy of the financial statements prepared in accordance with Indian Accounting Standards.

Sahyadri Industries Limited , a key player in the Indian industrial sector, has announced an extension to its timeline for completing the acquisition and commercial operations of a significant project. The company has informed both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) that the new target date for completion is set for March 31, 2026.

Project Delay and Extended Timeline

The extension comes as a result of delays in project execution by Emerge Solar One Private Limited, the company responsible for implementing the project. This development follows a series of communications from Sahyadri Industries to the stock exchanges, including notifications on November 8, 2024, May 16, 2025, and July 21, 2025.

Impact on Company Financials

While the extension of the project timeline might raise concerns, a look at Sahyadri Industries' recent financial data provides context to the company's overall financial health:

Despite the project delay, Sahyadri Industries has maintained a relatively stable financial position. The company's total assets saw a slight decrease of 3.02% year-over-year, while total equity increased by 5.08%, indicating improved shareholder value. The reduction in current liabilities by 5.70% suggests prudent financial management amid project uncertainties.

Outlook and Implications

The extension of the commercial operation date may have implications for Sahyadri Industries' near-term growth projections. However, the company's stable financial metrics, particularly the growth in total equity and fixed assets, indicate a solid foundation to weather potential challenges associated with the project delay.

Investors and stakeholders will likely be watching closely for further updates on the project's progress and any potential impact on the company's long-term strategy and financial performance. As the situation develops, Sahyadri Industries may need to provide additional clarity on the steps being taken to mitigate risks associated with the extended timeline and ensure the project's successful completion by March 2026.