Scoda Tubes Limited Reports Q3 FY26 Results with 17.25% Revenue Growth
Scoda Tubes Limited reported strong Q3 FY26 results with revenue growth of 17.25% to ₹1,523.99 million and net profit of ₹114.72 million. Nine-month revenue increased 9.39% to ₹3,950.81 million with net profit growing 30.53% to ₹325.24 million. The stainless steel pipes manufacturer completed its IPO during the period, raising ₹2,200 million and listing on NSE and BSE in June 2025.
*this image is generated using AI for illustrative purposes only.
Scoda Tubes Limited announced its unaudited financial results for the quarter ended December 31, 2025, demonstrating robust performance in its core stainless steel pipes and tubes manufacturing business. The company's board of directors approved these results during their meeting held on January 30, 2026, with the financial statements receiving an unmodified review conclusion from statutory auditors.
Financial Performance Overview
The company delivered strong revenue growth across both quarterly and nine-month periods, reflecting sustained demand for its stainless steel products.
| Performance Metric: | Q3 FY26 | Q3 FY25 | Growth (%) |
|---|---|---|---|
| Revenue from Operations: | ₹1,523.99 million | ₹1,299.73 million | +17.25% |
| Total Income: | ₹1,531.43 million | ₹1,307.53 million | +17.13% |
| Net Profit: | ₹114.72 million | ₹97.37 million | +17.82% |
| Earnings Per Share: | ₹1.91 | ₹2.27 | -15.86% |
Nine-Month Performance Analysis
For the nine months ended December 31, 2025, Scoda Tubes maintained its growth trajectory with improved profitability metrics.
| Nine-Month Metrics: | FY26 (9M) | FY25 (9M) | Growth (%) |
|---|---|---|---|
| Revenue from Operations: | ₹3,950.81 million | ₹3,611.71 million | +9.39% |
| Total Income: | ₹4,012.49 million | ₹3,634.80 million | +10.39% |
| Net Profit: | ₹325.24 million | ₹249.14 million | +30.53% |
| Earnings Per Share: | ₹5.77 | ₹6.08 | -5.10% |
Operational Efficiency and Cost Management
The company's operational performance showed mixed results with improved revenue realization but varying cost dynamics. Cost of raw materials and components consumed increased to ₹1,187.61 million in Q3 FY26 from ₹908.15 million in Q3 FY25. However, the company benefited from positive inventory changes of ₹133.82 million during the quarter, indicating effective inventory management.
Employee benefits expenses rose to ₹30.99 million from ₹20.48 million year-on-year, while finance costs decreased marginally to ₹61.13 million from ₹62.32 million. The company implemented a change in depreciation method from written down value to straight line method, resulting in reduced depreciation expense by ₹20.85 million for the quarter.
Capital Structure and Market Presence
Scoda Tubes completed its Initial Public Offer during the nine-month period, issuing 15,714,200 equity shares at ₹140 per share, raising ₹2,200 million. The company's shares were listed on NSE and BSE on June 04, 2025. The paid-up equity share capital stands at ₹599.09 million with a face value of ₹10 per share.
The board had previously approved a bonus issue in the ratio of 30 bonus shares for every 1 share held, significantly expanding the equity base. This corporate action was factored into the earnings per share calculations in accordance with accounting standards.
Business Focus and Outlook
As a specialized manufacturer of stainless steel pipes and tubes, Scoda Tubes operates in a single business segment, eliminating the complexity of multi-segment reporting. The company maintains its registered office at Survey No. 1566/1, Village Rajpur, Tal. Kadi, Mehsana, Gujarat, and continues to focus on its core manufacturing capabilities in the stainless steel sector.
Historical Stock Returns for Scoda Tubes
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.12% | -7.46% | -17.59% | -31.51% | -11.61% | -11.61% |
17
