Ultramarine & Pigments Reports Strong Q3FY26 Performance with Revenue Growth and Exceptional Gains
Ultramarine & Pigments Limited reported strong Q3FY26 results with standalone revenue growing to ₹17775 lakhs from ₹16351 lakhs year-over-year. Net profit reached ₹2332 lakhs, supported by exceptional gains of ₹426 lakhs from NHAI land acquisition and labour code adjustments. Consolidated revenue increased to ₹19560 lakhs with net profit of ₹2709 lakhs. The company demonstrated growth across all three business segments - chemicals, IT services, and windmill operations - while maintaining a strong financial position.

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Ultramarine & Pigments Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2025, showcasing steady growth across key financial metrics. The company's Board of Directors approved these results at their meeting held on February 11, 2026.
Standalone Financial Performance
The company's standalone operations demonstrated robust performance during the third quarter of FY26. Revenue from operations increased to ₹17775 lakhs compared to ₹16351 lakhs in the corresponding quarter of the previous year, representing solid growth momentum.
| Metric | Q3 FY26 | Q3 FY25 | Nine Months FY26 | Nine Months FY25 |
|---|---|---|---|---|
| Revenue from Operations | ₹17775 lakhs | ₹16351 lakhs | ₹52729 lakhs | ₹46887 lakhs |
| Total Income | ₹18121 lakhs | ₹16590 lakhs | ₹53883 lakhs | ₹47895 lakhs |
| Net Profit After Tax | ₹2332 lakhs | ₹1974 lakhs | ₹5995 lakhs | ₹5378 lakhs |
| Basic EPS | ₹7.99 | ₹6.76 | ₹20.53 | ₹18.42 |
For the nine-month period, revenue from operations reached ₹52729 lakhs against ₹46887 lakhs in the previous year, while net profit after tax improved to ₹5995 lakhs from ₹5378 lakhs.
Exceptional Items and Special Developments
The quarter included exceptional items totaling ₹426 lakhs, comprising two significant components:
- Land Acquisition Gains: The company received ₹577 lakhs as compensation plus ₹20 lakhs interest from the National Highway Authority of India (NHAI) for compulsory acquisition of factory land
- Labour Code Impact: Implementation of four new labour codes effective November 21, 2025, resulted in a one-time cost of ₹171 lakhs toward gratuity and compensated absence liabilities
Consolidated Results
On a consolidated basis, the company reported strong performance across all segments:
| Parameter | Q3 FY26 | Q3 FY25 | Nine Months FY26 | Nine Months FY25 |
|---|---|---|---|---|
| Revenue from Operations | ₹19560 lakhs | ₹17851 lakhs | ₹57606 lakhs | ₹49994 lakhs |
| Net Profit After Tax | ₹2709 lakhs | ₹2286 lakhs | ₹6663 lakhs | ₹5803 lakhs |
| Basic EPS | ₹9.28 | ₹7.82 | ₹22.82 | ₹19.87 |
Segment-wise Performance
The company operates across three main business segments:
Chemicals and Allied Products
This primary segment generated revenue of ₹16467 lakhs in Q3FY26 compared to ₹15203 lakhs in the previous year quarter, with segment results of ₹1950 lakhs.
IT Enabled Services
The IT services division contributed ₹1308 lakhs in revenue during Q3FY26 against ₹1148 lakhs in Q3FY25, with segment results of ₹331 lakhs.
Windmill Operations
The renewable energy segment reported revenue of ₹188 lakhs compared to ₹143 lakhs in the corresponding previous quarter.
Investment Activities
During the quarter, the company made a strategic investment in compliance with SEBI regulations. As a promoter group entity, it subscribed to 15,20,270 equity shares of Thirumalai Chemicals Ltd at ₹296 per share (including premium of ₹295 per share) through private placement. These shares were allotted on December 23, 2025.
Financial Position and Outlook
The company maintained a strong financial position with total segment assets of ₹112173 lakhs on a standalone basis and ₹120881 lakhs on a consolidated basis as of December 31, 2025. The paid-up equity share capital remained stable at ₹584 lakhs with a face value of ₹2 per share.
The results reflect the company's continued focus on operational efficiency and strategic growth initiatives across its diversified business portfolio. The exceptional gains from land acquisition and the proactive approach to new labour code compliance demonstrate management's ability to navigate regulatory changes while capitalizing on opportunities.
Historical Stock Returns for Ultramarine & Pigments
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.47% | -2.64% | +1.22% | -7.96% | -4.09% | +36.63% |






























