Vindhya Telelinks Reports Q3FY26 Loss of ₹1,966.49 Lakhs Amid Revenue Decline
Vindhya Telelinks Limited reported a standalone net loss of ₹1,966.49 lakhs for Q3FY26 versus a profit of ₹2,691.76 lakhs in Q3FY25, with revenue declining 31.46% to ₹71,055.21 lakhs. The EPC segment faced significant challenges with negative results, while the cables segment maintained profitability. The results include ₹823.53 lakhs incremental gratuity liability impact due to new Labour Codes effective from November 21, 2025.

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Vindhya Telelinks Limited has announced its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The company's Board of Directors approved these results at their meeting held on February 6, 2026, marking a challenging quarter with significant financial headwinds.
Standalone Financial Performance
The company reported a standalone net loss of ₹1,966.49 lakhs for Q3FY26, a sharp reversal from the net profit of ₹2,691.76 lakhs recorded in Q3FY25. This represents a significant deterioration in profitability amid challenging market conditions.
| Metric | Q3FY26 | Q3FY25 | Change (%) |
|---|---|---|---|
| Revenue from Operations | ₹71,055.21 lakhs | ₹103,712.27 lakhs | -31.46% |
| Total Income | ₹71,136.81 lakhs | ₹103,998.06 lakhs | -31.59% |
| Net Profit/(Loss) | ₹(1,966.49) lakhs | ₹2,691.76 lakhs | -173.07% |
| Basic EPS | ₹(16.59) | ₹22.71 | -173.07% |
Revenue from operations declined significantly by 31.46% year-on-year to ₹71,055.21 lakhs from ₹103,712.27 lakhs in the corresponding quarter of the previous year. The company's total expenses stood at ₹73,732.14 lakhs, resulting in a loss before tax of ₹2,595.33 lakhs compared to a profit before tax of ₹3,562.27 lakhs in Q3FY25.
Segment-wise Performance Analysis
The company operates through two primary business segments: Cables and Engineering, Procurement & Construction (EPC). The segment-wise performance reveals contrasting trends across these business verticals.
| Segment | Q3FY26 Revenue | Q3FY25 Revenue | Q3FY26 Results | Q3FY25 Results |
|---|---|---|---|---|
| Cables | ₹19,845.32 lakhs | ₹20,975.04 lakhs | ₹1,152.94 lakhs | ₹936.12 lakhs |
| EPC | ₹51,547.97 lakhs | ₹85,088.21 lakhs | ₹(67.46) lakhs | ₹5,089.65 lakhs |
The cables segment demonstrated resilience with improved segment results of ₹1,152.94 lakhs compared to ₹936.12 lakhs in Q3FY25, despite a marginal revenue decline. However, the EPC segment faced significant challenges, reporting negative segment results of ₹67.46 lakhs against a positive ₹5,089.65 lakhs in the previous year, alongside a substantial revenue decline.
Nine Months Performance Overview
For the nine months ended December 31, 2025, the standalone performance showed more stability with net profit of ₹3,294.12 lakhs compared to ₹7,732.63 lakhs in the corresponding period of FY25. Revenue from operations for the nine-month period stood at ₹256,126.56 lakhs versus ₹282,318.56 lakhs in the previous year.
Consolidated Results
On a consolidated basis, the company reported a net loss of ₹103.91 lakhs for Q3FY26 compared to a net profit of ₹3,909.32 lakhs in Q3FY25. The consolidated revenue from operations was ₹71,655.98 lakhs for the quarter. For the nine months period, consolidated net profit stood at ₹11,670.50 lakhs with total comprehensive income of ₹15,471.21 lakhs.
Impact of Labour Code Changes
The company's employee benefits expense for Q3FY26 includes an incremental impact of gratuity liability amounting to ₹823.53 lakhs. This adjustment stems from the four Labour Codes that became effective from November 21, 2025, implemented in accordance with guidance from the Institute of Chartered Accountants of India and clarifications from the Ministry of Labour & Employment.
Financial Position and Outlook
The company maintains a paid-up equity share capital of ₹1,185.09 lakhs with a face value of ₹10 per share. The results were reviewed by the statutory auditors V. Sankar Aiyar & Co., who provided an unmodified limited review report. The financial statements reflect the company's ongoing efforts to navigate challenging market conditions while maintaining operational efficiency across its business segments.
Historical Stock Returns for Vindhya Telelinks
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.74% | +1.46% | -10.65% | -19.88% | -25.98% | +50.45% |


































