Shetron Limited announced its unaudited financial results for the third quarter ended December 31, 2025, revealing a mixed performance with revenue growth offset by a significant sequential decline in profitability. The metal packaging manufacturer's Board of Directors approved these results during a meeting held on February 7, 2026.

Quarterly Financial Performance

The company's Q3FY26 results showed contrasting trends when compared across different periods. While year-over-year growth remained positive, sequential performance indicated challenges in maintaining profit momentum.

The company's revenue from operations reached ₹5,569 lakhs in Q3FY26, representing a 7.4% increase from ₹5,184 lakhs in the corresponding quarter of the previous year. However, this marked a 7.8% sequential decline from ₹6,041 lakhs recorded in Q2FY26. Including other income of ₹29 lakhs, total income for the quarter stood at ₹5,598 lakhs.

Profitability Analysis

Net profit for Q3FY26 was ₹37 lakhs, showing significant volatility across comparison periods. While this represented an 85% year-over-year improvement from ₹20 lakhs in Q3FY25, it marked a substantial 64.8% sequential decline from ₹105 lakhs in Q2FY26. The profit before tax stood at ₹92 lakhs, with current tax expenses of ₹55 lakhs.

Cost Structure and Expenses

Total expenses for Q3FY26 amounted to ₹5,506 lakhs, up 7.5% year-over-year from ₹5,124 lakhs. The major expense components included:

• Cost of Material Consumed: ₹3,998 lakhs (72.6% of total expenses)
• Employee Benefits Expense: ₹683 lakhs, up from ₹642 lakhs in Q3FY25
• Finance Costs: ₹173 lakhs, down from ₹193 lakhs in the previous year
• Other Expenses: ₹545 lakhs, compared to ₹616 lakhs in Q3FY25
• Depreciation and Amortisation: ₹150 lakhs, relatively stable from ₹151 lakhs

Nine-Month Performance

The company's nine-month performance showed more consistent growth trends compared to quarterly fluctuations. For the period ended December 31, 2025, Shetron achieved stronger overall results.

Revenue from operations for the nine-month period reached ₹18,489 lakhs, marking a 6.1% increase from ₹17,432 lakhs in the corresponding period of FY25. Net profit for the nine months stood at ₹304 lakhs, representing a 7.4% growth from ₹283 lakhs in the previous year.

Earnings Per Share and Capital Structure

The company maintained its paid-up equity share capital at ₹900 lakhs, with a face value of ₹10 per share. Earnings per share for Q3FY26 stood at ₹0.41 (both basic and diluted), compared to ₹1.17 in Q2FY26 and ₹0.22 in Q3FY25. For the nine-month period, EPS reached ₹3.38, up from ₹3.14 in the corresponding period last year.

Shetron Limited operates in the metal packaging segment and reports its results under a single business segment. The company's registered office is located at Plot No.1, Bommasandra Industrial Area, Hosur Road, Bangalore, and the results were subject to limited review by statutory auditors N. Naresh and Co., Chartered Accountants.

Shetron Limited , a metal packaging manufacturer, has announced its unaudited financial results for the second quarter and half year ended September 30, 2025. The company's performance shows mixed results with quarter-on-quarter revenue decline but year-on-year growth.

Financial Highlights

Key Observations

Revenue Performance

Shetron Limited reported a revenue of Rs 6,044.00 lakhs for Q2 FY26, showing a decline from Rs 6,879.00 lakhs in the previous quarter. However, it represents an increase from Rs 5,791.00 lakhs in the corresponding quarter of the previous year.

Half-Yearly Performance

For the first half of FY26, the company's revenue stood at Rs 12,923.00 lakhs, up from Rs 11,670.00 lakhs in the same period last year, indicating a positive year-on-year growth.

Profitability

The company posted a profit after tax of Rs 105.00 lakhs for Q2 FY26, with earnings per share at Rs 1.17.

Operational Expenses

Total expenses for the quarter were Rs 5,939.00 lakhs, with the cost of materials consumed being a significant component at Rs 4,305.00 lakhs.

Employee Costs

Employee benefits expense for the quarter stood at Rs 641.00 lakhs.

Corporate Governance

The financial results were approved by Shetron Limited's Board of Directors at a meeting held on November 7, 2025, which commenced at 12:30 PM and concluded at 2:30 PM. The meeting was conducted through video conferencing, adhering to modern corporate practices.

Auditor's Review

N. Naresh and Co., Chartered Accountants, conducted an independent review of the quarterly unaudited financial results. Their review report states that nothing has come to their attention that causes them to believe that the financial results do not present a true and fair view in accordance with applicable accounting standards and SEBI regulations.

Shetron Limited continues to operate in the metal packaging manufacturing segment, reporting its results under this single segment. The company's performance in Q2 FY26 reflects the ongoing dynamics in the packaging industry and the broader economic environment.