Sulabh Engineers & Services Limited has reported a significant decline in its standalone financial performance for the quarter ended December 31, 2025. The non-banking financial company announced its Q3FY26 results following a board meeting held on February 07, 2026, revealing challenging operational conditions during the quarter.

Standalone Financial Performance

The company's standalone operations showed a marked deterioration in Q3FY26. Net profit declined substantially to ₹8.86 lakhs compared to ₹57.33 lakhs in the corresponding quarter of the previous year, representing an 85% year-on-year decrease. Revenue from operations also contracted significantly, falling 69% to ₹21.89 lakhs from ₹70.14 lakhs in Q3FY25.

Revenue Components Analysis

The revenue breakdown reveals mixed performance across different income streams. Interest income increased to ₹43.38 lakhs from ₹36.79 lakhs year-on-year, showing growth in the company's core NBFC operations. However, this positive trend was offset by significant losses in sale of products/investments, which recorded a negative ₹25.56 lakhs compared to a positive ₹82.94 lakhs in Q3FY25.

Consolidated Results Show Better Performance

On a consolidated basis, the company demonstrated stronger performance with net profit reaching ₹113.88 lakhs in Q3FY26 compared to ₹105.31 lakhs in Q3FY25. Consolidated revenue from operations declined to ₹61.49 lakhs from ₹70.14 lakhs year-on-year, but the impact was less severe than standalone operations.

Nine-Month Performance Overview

For the nine-month period ended December 31, 2025, standalone operations showed declining trends with net profit falling to ₹132.67 lakhs from ₹186.20 lakhs in the corresponding period of FY25. Revenue from operations decreased to ₹217.04 lakhs from ₹261.29 lakhs year-on-year. The consolidated nine-month performance showed net profit of ₹230.88 lakhs compared to ₹222.50 lakhs in the previous year.

Corporate Structure and Compliance

The financial results were reviewed by the Audit Committee and approved by the Board of Directors during their meeting held on February 07, 2026. The company's statutory auditors, M/s Ranjit Jain & Co., conducted a limited review of the results and issued an unmodified review conclusion. The consolidated results include the financial information of subsidiary Venkatswamy Mining & Estates Private Limited. As a Non Banking Financial Company, Sulabh Engineers & Services operates without separate reportable segments under Ind AS 108.

Sulabh Engineers & Services Limited, a Non-Banking Financial Company (NBFC), has reported a significant decline in its standalone net profit for the quarter ended September 30. The company's financial performance shows a mixed picture with decreased profits but diversified revenue streams.

Financial Highlights

• Net Profit: Rs 63.63 crore, down 29% from Rs 89.48 crore in the same quarter last year
• Total Revenue: Rs 111.20 crore, decreased from Rs 127.13 crore year-over-year
• Earnings Per Share (EPS): Rs 0.06, compared to Rs 0.09 in the same quarter last year

Revenue Breakdown

The company's revenue for the quarter came from various sources:

Half-Year Performance

For the half-year period:

• Net Profit: Rs 123.71 crore, down from Rs 128.87 crore in the previous year
• Total Revenue: Rs 197.05 crore, up from Rs 191.15 crore in the previous year

Operational Insights

The company's Board of Directors approved the unaudited financial results and acknowledged the limited review report from auditors M/s Ranjit Jain & Co. The financial statements were prepared in accordance with Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013.

Market Position

As an NBFC, Sulabh Engineers & Services Limited operates in the competitive financial services sector. The company's diverse revenue streams, including investment sales and interest income, indicate a balanced approach to financial operations.

Consolidated Results

On a consolidated basis, the company reported:

• Net Profit: Rs 54.12 crore
• Total Revenue: Rs 116.64 crore

The consolidated results include the performance of its subsidiary, Venkatswamy Mining & Estates Private Limited.

Conclusion

While Sulabh Engineers & Services Limited faced a challenging quarter with reduced profits, its diversified revenue streams and stable half-yearly performance suggest resilience in its business model. The company's ability to navigate the current financial landscape and work towards improving its profitability will be crucial in the coming periods.