Shilp Gravures Limited announced its unaudited financial results for the third quarter ended December 31, 2025, demonstrating strong profitability recovery despite revenue headwinds. The Gujarat-based gravure roller manufacturer reported significant improvement in bottom-line performance while managing operational challenges.

Financial Performance Overview

The company's financial performance for Q3 FY26 showed mixed results with strong profit growth offsetting revenue decline:

The company achieved a remarkable turnaround from a net loss of ₹168.18 lakhs in Q3 FY25 to a net profit of ₹169.25 lakhs in Q3 FY26. This transformation was supported by significantly improved other income of ₹169.84 lakhs compared to negative ₹83.94 lakhs in the previous year.

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, Shilp Gravures demonstrated consistent growth momentum:

The nine-month results showcased robust operational performance with revenue growth of 8.0% and net profit surge of 48.7%, indicating improved operational efficiency and cost management.

Segment-wise Revenue Breakdown

Shilp Gravures operates across three main business segments with the following nine-month FY26 performance:

The gravure rollers segment, being the core business, contributed the largest share of revenue with steady growth of 7.7%. The power generation segment showed strong growth of 20.9%, while the others segment grew 13.6%.

Exceptional Items Impact

The company reported an exceptional charge of ₹243.20 lakhs in Q3 FY26 related to the statutory impact of new Labour Codes. This one-time charge arose primarily due to changes in wage definition under the four Labour Codes notified by the Government of India on November 21, 2025. The codes consolidate 29 existing labour laws and resulted in incremental impact on retiral benefits.

Operational Metrics and Outlook

Shilp Gravures maintained a strong balance sheet position with total assets of ₹12,181.61 lakhs as of December 31, 2025, compared to ₹11,548.26 lakhs in the previous year. The company's paid-up equity share capital remained stable at ₹614.98 lakhs with a face value of ₹10 per share.

The results were reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on January 21, 2026. The statutory auditors expressed an unmodified conclusion on the limited review of these unaudited financial results.

Shilp Gravures Limited has announced the appointment of Ms. Jinal Hasmukhbhai Rupani as a Non-Executive Independent Director, following approval by shareholders through postal ballot via remote e-voting. The appointment represents a strategic addition to the company's board governance structure.

Board Appointment Details

The shareholders approved the special resolution for Ms. Rupani's appointment through the postal ballot process. Her tenure as Independent Director commenced on November 04, 2025, and will continue for five consecutive years. As an Independent Director, she will not be liable to retire by rotation, ensuring continuity in board oversight.

Professional Background and Qualifications

Ms. Rupani brings substantial expertise to the board with her comprehensive educational background and professional experience. She is a commerce graduate from Saurashtra University and holds the qualification of Chartered Accountant. Her banking credentials include certifications as Junior Associate of the Indian Institute of Bankers (JAIIB) and Certified Associate of the Indian Institute of Bankers (CAIIB) from the Indian Institute of Banking and Finance.

Regulatory Compliance and Independence

The appointment has been made in accordance with Regulation 30 and Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has confirmed that Ms. Rupani maintains complete independence from existing board members, with no relationships to current directors.

Shilp Gravures Limited has also verified compliance with SEBI guidelines, confirming that Ms. Rupani is not debarred from holding directorship by any regulatory authority. This appointment strengthens the company's corporate governance framework with the addition of an experienced finance and banking professional to provide independent oversight and strategic guidance.