• Standalone Sales at Rs.769 Crores
  • PAT at Rs.85 Crores
  • Consolidated Sales at Rs.1273 Crores
  • PAT at Rs.76 Crores

Chennai : The Board of Directors met today and approved the results for the quarter and nine months ended December 31, 2025.

Financial performance

In Q3FY26, Standalone sales of Rs.769 Cr grew by 5.6% compared to sales of Rs.728 Cr in Q3FY25. Standalone Abrasives and Electrominerals segments grew by 9.8% and 8.9% respectively compared to Q3FY25. The Standalone Ceramics segment was lower by 3.8%.

In Q3FY26, Consolidated sales of Rs. 1273 Cr grew by 2.5% compared to sales of Rs. 1241 Cr in Q3FY25. Consolidated Abrasives segment grew by 8.1% compared to Q3FY25. Consolidated Ceramics segment remained almost flat. Consolidated Electrominerals segment was lower by 3.6% as compared to Q3FY25.

Standalone Sales for the first nine months of FY26 was Rs.2179 Cr, which is a growth of 3.9% as compared to same period of last year. Standalone Electrominerals, Ceramics and Abrasives segments grew by 7.3%, 1.7% and 1.3% respectively.

Consolidated Sales for the first nine months of FY26 was Rs. 3766 Cr, which is a growth of 3.6% as compared to same period of FY25. Consolidated Ceramics and Abrasives segments grew by 6.1%, and 2.4% respectively. Consolidated Electrominerals remained flat.

In Q3FY26, Standalone Profit after tax was Rs.85 Cr as compared to Rs.81 Cr in Q3FY25, and Rs.64 Cr in Q2FY26. In the first nine months of FY26, Standalone Profit after tax was Rs.294 Cr as compared to Rs.260 Cr in same period last year.

In Q3FY26, Consolidated Profit after tax and non-controlling interest was Rs.76 Cr, compared to Rs.35 Cr in Q3FY25, and Rs.75 Cr in Q2FY26. In the first nine months of FY26,

Consolidated Profit after tax and non-controlling interest was Rs.212 Cr as compared to Rs.264 Cr in same period last year.

At the consolidated level, capital expenditure incurred during the first nine months of FY26 was Rs.248 Cr as compared to Rs.202 Cr in the corresponding period of FY25. The debt equity ratio was 0.07.

Interim Dividend

The Board of Directors of the Company at its meeting held on Jan 29, 2026, have declared an interim dividend of Rs.1.50/- per share (150% on face value of Re.1) to the shareholders of the Company.

Ceramics

Consolidated sales of the Ceramics segment for the first nine months of FY26 was at Rs.917 Cr, a growth of 6.1% compared to corresponding period of FY25. Standalone sales of the Ceramics segment for the first nine months of FY26 was at Rs.721 Cr, a growth of 1.7% compared to corresponding period of FY25.

Consolidated Sales of the Ceramics segment for Q3FY26 was Rs.316 Cr, which is almost flat compared to Q3FY25, and a growth of 4.7% compared to Q2FY26. Standalone sales for the quarter was Rs.255 Cr. This is a drop of 3.8% compared to Q3FY25 and a growth of 11.9% compared to Q2FY26.

In Q3FY26, Standalone Profit before finance cost and tax was Rs.51 Cr as compared to Rs.67 Cr in Q3FY25, and Rs.45 Cr in Q2FY26. Sequential growth was driven by better volumes and margins in refractories. For standalone business, for the first nine months of the year, Profit before finance cost and tax was at Rs.158 Cr against Rs.178 Cr during same period of last year.

In Q3FY26 Consolidated Profit before finance cost and tax was Rs.56 Cr, compared to Rs.68 Cr in Q3FY25, and Rs.62 Cr in Q2FY26. Consolidated Profit before finance cost and tax for the first nine months of FY26 was at Rs.194 Cr against Rs.213 Cr during same period of last year.

Abrasives

Standalone sales for the quarter was Rs.323 Cr, a growth of 9.8% as compared to Rs. 294 Cr of Q3FY25, and growth of 4.9% compared to Q2FY26. Abrasives standalone revenue for the first nine months of FY26 was at Rs.917 Cr, a growth of 1.3% compared to corresponding period of FY25.

Consolidated sales for Q3FY26 was Rs.569 Cr. This is a growth of 8.1% compared to Q3FY25, and lower by 2.5% compared to Q2FY26. Growth in sales from Q3FY25 to Q3FY26 was driven by the standalone business. Consolidated sales for the first nine months of FY26 was at Rs.1660 Cr, compared to Rs. 1621 Cr in the corresponding period of FY25.

In Q3FY26, Standalone PBIT was Rs.50 Cr as compared to Rs.43 Cr in Q3FY25 and Rs.47 Cr in Q2FY26. In the standalone business, for the first nine months of the year, Profit before finance cost and tax was at Rs.134 Cr against Rs.146 Cr during same period of last year.

In Q3FY26, consolidated Profits before finance costs and tax was Rs.20 Cr, compared to Rs.28 Cr in Q3FY25. Consolidated Profit before finance cost and tax for nine months of FY26 was at Rs.65 Cr against Rs.118 Cr during same period of last year.

Electro Minerals

Standalone sales for the quarter was Rs.229 Cr. This is the growth of 8.9% compared to Q3FY25, and a growth of 7.9% as compared to that of Q2FY26. Standalone sales for the first nine months of FY26 was at Rs.654 Cr, a growth of 7.3% compared to the corresponding period of FY25. 

In Q3FY26, Consolidated sales was Rs.401 Cr, compared to Rs. 416 Cr of Q3FY25 and Rs.399 Cr during Q2FY26. Consolidated sales in the Electrominerals segment for the first nine months of FY26 was at Rs.1204 Cr, compared Rs. 1199 Cr in the corresponding period of FY25.

In Q3FY26, Standalone PBIT was higher at Rs.28 Cr as compared to Rs.19 Cr in Q3FY25 and Rs.20 Cr in Q2FY26. Standalone Profit before finance cost and tax was at Rs.55 Cr in the first nine months of FY26, against Rs.57 Cr during the corresponding period of FY25. In Q3FY26, consolidated Profit before finance cost and tax was at Rs.35 Cr, compared to Rs.68 Cr in Q3FY25. Consolidated Profit before finance cost and tax for the first nine months of FY26 was at Rs.72 Cr against Rs.168 Cr during the corresponding period of FY25.