News Earnings Stove Kraft Q3FY26 Results: Net Profit Falls 66% to ₹41.46 Million Despite Stable Nine-Month PerformanceStove Kraft Q3FY26 Results: Net Profit Falls 66% to ₹41.46 Million Despite Stable Nine-Month Performance
Stove Kraft Limited reported challenging Q3FY26 results with net profit declining 66% to ₹41.46 million and revenue dropping 6.4% to ₹3,783.74 million year-on-year. However, nine-month performance remained stable with revenue growing 4.9% to ₹11,929.01 million and net profit declining modestly by 3% to ₹359.40 million. The company maintains a solid financial position with equity capital of ₹331.07 million and will reopen its trading window on February 3, 2026.
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Stove Kraft Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, revealing mixed performance with significant quarterly challenges offset by stable nine-month results. The company's board meeting was held on January 31, 2026, concluding at 2:40 PM.
Quarterly Performance Analysis
The third quarter of FY26 presented considerable challenges for Stove Kraft, with key financial metrics showing substantial year-on-year declines.
| Metric: | Q3 FY26 | Q3 FY25 | Change (%) |
|---|---|---|---|
| Revenue from Operations: | ₹3,783.74 million | ₹4,040.63 million | -6.4% |
| Total Income: | ₹3,764.73 million | ₹4,039.82 million | -6.8% |
| Net Profit: | ₹41.46 million | ₹121.39 million | -65.9% |
| Basic EPS: | ₹1.25 | ₹3.67 | -65.9% |
The company faced headwinds from other losses of ₹24.84 million compared to ₹2.78 million in the previous year quarter. Total expenses increased marginally to ₹3,710.63 million from ₹3,890.60 million, but the decline in revenue significantly impacted profitability.
Nine-Month Performance Stability
Despite quarterly challenges, the nine-month performance demonstrated resilience with relatively stable results compared to the previous year.
| Parameter: | 9M FY26 | 9M FY25 | Change (%) |
|---|---|---|---|
| Revenue from Operations: | ₹11,929.01 million | ₹11,368.25 million | +4.9% |
| Total Income: | ₹11,901.91 million | ₹11,359.11 million | +4.8% |
| Net Profit: | ₹359.40 million | ₹370.57 million | -3.0% |
| Basic EPS: | ₹10.86 | ₹11.21 | -3.1% |
The nine-month revenue growth of 4.9% indicates underlying business strength, while the modest 3% decline in net profit suggests effective cost management despite challenging market conditions.
Financial Position and Key Metrics
Stove Kraft maintained a stable financial foundation with paid-up equity share capital of ₹331.07 million as of December 31, 2025, compared to ₹330.52 million in the previous year. The company's reserves excluding revaluation reserves stood at ₹4,377.59 million as of March 31, 2025.
Key expense categories showed mixed trends:
- Cost of materials consumed decreased to ₹2,042.46 million from ₹2,378.83 million in Q3FY25
- Employee benefits expense increased to ₹467.73 million from ₹459.81 million
- Finance costs reduced to ₹61.09 million from ₹73.93 million
- Depreciation and amortization expense rose to ₹208.63 million from ₹181.43 million
Regulatory and Compliance Updates
The company's trading window, which was closed from December 30, 2025, will reopen on February 3, 2026, following the announcement of quarterly results. The financial results were prepared in accordance with Regulation 33 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.
Price Waterhouse Chartered Accountants LLP conducted the limited review of the unaudited financial results, noting ongoing Income Tax Department assessment proceedings from search operations conducted in November 2023. The management assessed that these proceedings are not likely to have any material adverse impact on the company's financial results.
Historical Stock Returns for Stove Kraft
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.16% | -0.40% | -13.60% | -17.31% | -38.85% | +10.57% |
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