Texel Industries Reports Q3 FY26 Results and Announces Key Management Changes
Texel Industries Limited reported Q3 FY26 results showing net profit of ₹395.35 lakhs, a 121.5% increase from ₹178.46 lakhs in Q3 FY25, despite revenue declining to ₹1,647.79 lakhs from ₹2,604.33 lakhs. The company announced management changes with Mr. Parth Prakash Niphadkar transitioning from CFO to Manager Sales, Marketing & Business Development, while Mr. Hardik Parekh was appointed as the new CFO, both effective February 4, 2026. The Land, Building & Property Development segment showed strong growth with revenue doubling year-on-year to ₹384.94 lakhs.
*this image is generated using AI for illustrative purposes only.
Texel Industries Limited announced its unaudited financial results for the third quarter ended December 31, 2025, alongside significant management changes approved by the Board of Directors on February 4, 2026.
Financial Performance Overview
The company reported strong financial performance for Q3 FY26, demonstrating significant improvement across key metrics compared to the corresponding period last year.
| Metric | Q3 FY26 | Q3 FY25 | Change |
|---|---|---|---|
| Revenue from Operations | ₹1,647.79 lakhs | ₹2,604.33 lakhs | -36.7% |
| Total Income | ₹1,659.82 lakhs | ₹2,607.64 lakhs | -36.4% |
| Net Profit After Tax | ₹395.35 lakhs | ₹178.46 lakhs | +121.5% |
| Basic EPS | ₹2.97 | ₹4.91 | -39.5% |
| Diluted EPS | ₹2.89 | ₹4.91 | -41.1% |
For the nine months ended December 31, 2025, the company achieved revenue from operations of ₹7,544.03 lakhs and net profit after tax of ₹615.45 lakhs, compared to ₹7,761.64 lakhs and ₹105.78 lakhs respectively in the corresponding period of the previous year.
Segment-wise Performance
The company operates in two primary business segments: Technical Textile and Land, Building & Property Development.
| Segment | Q3 FY26 Revenue | Q3 FY25 Revenue | Segment Results Q3 FY26 |
|---|---|---|---|
| Technical Textile | ₹1,262.85 lakhs | ₹2,419.33 lakhs | ₹153.18 lakhs |
| Land, Building & Property Development | ₹384.94 lakhs | ₹185.00 lakhs | ₹346.94 lakhs |
The Land, Building & Property Development segment showed remarkable growth with revenue more than doubling from ₹185.00 lakhs to ₹384.94 lakhs year-on-year.
Key Management Changes
The Board approved significant changes in the company's leadership structure:
| Position | Outgoing | Incoming | Effective Date |
|---|---|---|---|
| Chief Financial Officer | Mr. Parth Prakash Niphadkar | Mr. Hardik Parekh | February 4, 2026 |
| Manager Sales, Marketing & Business Development | - | Mr. Parth Prakash Niphadkar | February 4, 2026 |
Mr. Parth Prakash Niphadkar will continue his employment with the company in his new role as Manager Sales, Marketing & Business Development. The newly appointed CFO, Mr. Hardik Parekh, brings over two decades of experience in finance, accounts, administration, and commercial operations across diverse industries. He holds an M.B.A. (Finance), Post Graduate Diploma in Human Resource Management (PGDHRM), along with M.Com and B.Com degrees.
Corporate Developments
The company had previously completed a significant capital raising exercise in October 2024, issuing 49,67,302 equity shares on a preferential basis at ₹38.25 per share, aggregating to ₹18,99,99,301.50. Additionally, 7,84,312 warrants convertible into equity shares were issued at the same price, with 25% of the warrant amount already received.
Regulatory Compliance
The financial results were prepared in accordance with Indian Accounting Standards (Ind AS) and reviewed by statutory auditors M/s Sunil Poddar & Co., Chartered Accountants, who expressed an unmodified opinion on both standalone and consolidated financial results. The Board meeting commenced at 6:30 p.m. and concluded at 7:15 p.m. on February 4, 2026.
Historical Stock Returns for Texel Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.77% | +6.11% | -1.56% | -34.82% | -6.38% | +612.62% |
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