National Fittings Limited has entered into a strategic supplier agreement with Banil Casting Private Limited to enhance its iron casting production capabilities. The Board of Directors approved this agreement on February 04, 2026, marking a significant step in the company's supply chain expansion strategy.

Agreement Details and Production Enhancement

The supplier agreement involves National Fittings providing additional equipment to Banil Casting Private Limited, based in Goa, to boost iron casting production exclusively for National Fittings Limited. The enhanced production capacity is structured to meet growing operational demands.

Corporate Governance and Approvals

The agreement received comprehensive approval from the company's governance structure. Both the Audit Committee and Board of Directors endorsed the supplier agreement during their meeting held on February 04, 2026. This dual approval process ensures compliance with regulatory requirements and internal governance protocols.

Related Party Considerations

Banil Casting Private Limited represents a related party entity in this transaction. Mr Anil Kumar Agarwal and Arpit Agarwal, who serve as Directors of National Fittings Limited, hold the entire shareholding in Banil Casting Private Limited and also serve as Directors of the supplier entity.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The formal intimation was communicated to the Bombay Stock Exchange on February 04, 2026, ensuring transparency and regulatory compliance.

This supplier agreement positions National Fittings Limited to strengthen its production capabilities through enhanced iron casting supply arrangements, with the immediate capacity increment scheduled to commence from April 2026.

Source:

National Fittings Limited has delivered impressive financial performance for the third quarter of FY26, reporting a substantial 180.17% increase in net profit to ₹292.51 lakhs compared to ₹104.40 lakhs in the corresponding quarter of the previous year. The Coimbatore-based pipe fittings manufacturer announced these results for the quarter ended December 31, 2025, showcasing strong operational efficiency and revenue growth.

Strong Revenue Performance

The company's revenue from operations demonstrated solid growth, increasing 13.52% year-on-year to ₹2,363.62 lakhs in Q3FY26 from ₹2,082.13 lakhs in Q3FY25. Including other income of ₹104.00 lakhs, total income for the quarter reached ₹2,467.62 lakhs compared to ₹2,139.72 lakhs in the previous year.

Operational Efficiency Improvements

The company's operational performance showed marked improvement with profit from operations before exceptional items rising to ₹292.30 lakhs in Q3FY26 from ₹164.66 lakhs in Q3FY25, representing a 77.52% increase. Total expenditure for the quarter was ₹2,175.31 lakhs compared to ₹1,975.07 lakhs in the previous year, indicating controlled cost management despite higher business volumes.

Key expense components included cost of material consumed at ₹1,370.10 lakhs, employee benefits expense of ₹280.53 lakhs, and other expenses totaling ₹358.69 lakhs. The company benefited from a favorable change in inventories of ₹265.99 lakhs during the quarter.

Nine-Month Performance Overview

For the nine-month period ended December 31, 2025, National Fittings reported revenue from operations of ₹6,786.09 lakhs compared to ₹5,464.80 lakhs in the corresponding period of the previous year. Net profit for the nine-month period stood at ₹738.83 lakhs, while operational profit before exceptional items reached ₹929.42 lakhs.

Earnings Per Share and Financial Position

The company's earnings per share (EPS) for Q3FY26 improved significantly to ₹3.22 compared to ₹1.15 in Q3FY25. For the nine-month period, EPS stood at ₹8.13. The company maintains a paid-up equity share capital of ₹908.32 lakhs with face value of ₹10 per share, while reserves excluding revaluation reserves increased to ₹7,837.26 lakhs.

Business Operations and Outlook

National Fittings operates in a single business segment of manufacturing pipe fittings and maintains its manufacturing facilities in Coimbatore. The company's financial results were reviewed by the Audit Committee and approved by the Board of Directors on February 4, 2026. The statutory auditors conducted a limited review of the financial results without any qualification or modification, confirming the accuracy of the reported figures.