Veljan Denison Limited announced its unaudited financial results for the third quarter ended December 31, 2025, presenting a mixed performance with quarterly revenue declining year-over-year while nine-month figures showed growth. The Board of Directors approved the results during their meeting held on February 11, 2026.

Quarterly Financial Performance

The company's Q3FY26 consolidated performance reflected challenging market conditions with revenue from operations declining to Rs 3,691.93 lakhs compared to Rs 3,999.67 lakhs in the corresponding quarter of the previous year.

The decline in profitability was attributed to higher operational expenses, with total expenses reaching Rs 3,025.03 lakhs in Q3FY26 compared to Rs 3,166.89 lakhs in Q3FY25.

Nine-Month Performance Shows Resilience

Despite quarterly challenges, the company's nine-month performance demonstrated stronger fundamentals with growth across key metrics for the period ended December 31, 2025.

The nine-month results indicate the company's ability to maintain growth momentum despite quarterly fluctuations, with profit margins improving over the extended period.

Standalone vs Consolidated Results

The company's standalone results for Q3FY26 showed revenue from operations of Rs 3,291.17 lakhs compared to Rs 3,641.94 lakhs in Q3FY25, representing a 9.6% decline. Standalone net profit after tax was Rs 464.04 lakhs versus Rs 611.44 lakhs in the previous year quarter.

Operational Highlights

Veljan Denison operates primarily in the hydraulic products segment, with the company noting that its business activity falls within a single business segment. The company maintained its paid-up equity share capital at Rs 450.00 lakhs with a face value of Rs 10 per share.

The financial results were reviewed by the audit committee and received an unmodified review report from statutory auditors Brahmayya & Co. The company's results comply with Indian Accounting Standards and SEBI listing regulations.

Regulatory Compliance

The company addressed the impact of India's consolidated labour codes that became effective from November 21, 2025. Management assessed the incremental impact of these regulatory changes as not material and has appropriately recognized them in the current quarter's financial results.

Veljan Denison Limited , a key player in the hydraulic products sector, has announced strong financial results for the second quarter and half-year ended September 30, 2025, alongside significant changes to its board composition.

Financial Performance

The company reported impressive growth in both standalone and consolidated financials for Q2 FY2026:

The standalone revenue from operations for Q2 FY2026 stood at Rs. 3,571.73 lakhs, with a profit after tax of Rs. 664.12 lakhs. On a consolidated basis, the company's revenue reached Rs. 3,863.32 lakhs, with a profit after tax of Rs. 665.40 lakhs for the same period.

For the half-year, Veljan Denison's standalone revenue from operations was Rs. 7,424.78 lakhs, while consolidated revenue touched Rs. 8,125.54 lakhs. The profit after tax for H1 FY2026 on a standalone basis was Rs. 1,375.08 lakhs, and on a consolidated basis, it reached Rs. 1,398.77 lakhs.

Board and Committee Changes

The company announced several changes to its board and committee structures:

1. Independent Director Tenure Completion: Mr. G Narayan Rao (DIN: 00029120) completed his first term of five consecutive years as an Independent Director, ceasing to hold the position effective November 7, 2025.

2. Committee Reconstitution: Following Mr. Rao's tenure completion, Veljan Denison has reconstituted its board committees:

   • Audit Committee: Now chaired by Dr. Suresh Akella, with Mr. Manish Motwani, Mr. Vidya Sagar G, and Mr. Sri Krishna Uppaluri as members.
   • Nomination & Remuneration Committee: Mr. Vidya Sagar G takes the chair, joined by Mr. Manish Motwani and Mrs. Uma Devi U.
   • Corporate Social Responsibility Committee: Chaired by Mrs. Uma Devi U, with Mr. VG Srinivas and Mr. Vidya Sagar G as members.
   • Stakeholder Relationship Committee: Mr. VG Srinivas chairs this committee, supported by Dr. Suresh Akella and Mr. Sri Krishna U.

These changes aim to ensure continued strong governance and oversight of the company's operations.

Management Commentary

Mr. Sri Krishna Uppaluri, Managing Director & CEO, commented on the results, stating, "Our robust performance in Q2 and H1 FY2026 reflects the strength of our business model and the growing demand for our hydraulic products. We remain committed to delivering value to our stakeholders through operational excellence and strategic initiatives."

The company's focus on its core hydraulic products business segment continues to drive growth, with the board changes expected to bring fresh perspectives to guide Veljan Denison's future strategies.

Investors and stakeholders can view the detailed financial results and board meeting outcomes on the company's website or through regulatory filings.