Tega Industries Limited (NSE: TEGA), a mining equipment and consumables manufacturer, announced its Q3FY26 financial results for the quarter ended December 31, 2025. Standalone operations faced significant revenue pressures with a 24.5% year-on-year decline, while consolidated revenue held steady. Net profit dropped sharply across both metrics amid cost pressures.
Standalone Financial Metrics
Standalone revenue from operations fell 24.5% to ₹1,867.72 million from ₹2,474.57 million in Q3FY25. This decline reflected domestic headwinds despite favorable inventory adjustments, which contributed a positive ₹355.82 million impact versus an increase of ₹187.73 million last year.
Cost of materials consumed rose to ₹1,062.23 million from ₹989.55 million, and employee benefits expense increased to ₹243.59 million from ₹225.66 million. Consequently, standalone net profit plunged 49.8% to ₹281.46 million.
Consolidated Results Steady
Consolidated revenue remained relatively stable at ₹4,037.06 million, down just 1.4% from ₹4,092.67 million in the prior year. Joint venture contributions aided this performance, with share of profit from joint ventures rising to ₹13.51 million from ₹11.15 million.
However, consolidated net profit declined 63.7% to ₹197.08 million, pressured by higher costs mirroring standalone trends. Inventory adjustments provided some relief, aligning with the positive standalone impact.
Nine-Month Performance
Over the nine months ended December 31, 2025, standalone revenue contracted 13.8% to ₹5,873.42 million from ₹6,817.14 million. In contrast, consolidated revenue grew 5.7% to ₹11,651.52 million from ₹11,025.43 million, highlighting group-level expansion.
Capital Raise and Regulatory Notes
Tega bolstered its balance sheet via preferential allotment, issuing 8,592,206 equity shares at ₹1,994 each on November 28, 2025. This raised ₹17.13 billion, lifting paid-up equity capital to ₹751.28 million from ₹665.35 million.
New labor codes implemented on November 21, 2025, prompted actuarial estimates of increased liabilities: ₹45.75 million for standalone gratuity and compensated absences, and ₹63.23 million consolidated.