Indef Manufacturing: Aakhir profit gira kyun? 📉
Dekho, company ne revenue toh 6.2% se badha liya hai, jo ki ₹4,752.27 Crore tak pahunch gaya. Par asli problem margins mein aa gayi. Q3 FY26 mein company ka PAT (Profit After Tax) margin gir kar 10.1% ho gaya, jo pichhle saal isi quarter mein 13.9% tha. Matlab, maal banane ya bechne mein expenses zyada ho gaye.
Kya kya hua iss quarter mein?
Ek toh yeh Daedalus Lift & Access Equipments naam ki company ko August 2025 mein acquire kiya tha, toh uske numbers bhi ab Indef mein jud gaye hain. Iska integration aur integration costs profit par bhaari pad rahe hain.
Dusri cheez, sarkari rules mein change, yeh naye Labour Codes ki wajah se gratuity aur leave encashment mein ₹38.89 lakh ka exceptional item dikh raha hai. Plus, Hercules Investments Limited se demerger ke baad kuch ₹72 lakh ke accounting adjustments bhi hue.
Numbers ka game:
- Consolidated Revenue Q3 FY26: ₹4,752.27 Crore (vs ₹4,473.96 Crore in Q3 FY25)
- Consolidated PAT Q3 FY26: ₹482.06 Crore (vs ₹622.10 Crore in Q3 FY25) - 22.7% decrease!
- 9 Mahine (9MFY26) PAT: ₹1,669.73 Crore (vs ₹2,403.23 Crore in 9MFY25) - 30.5% decrease!
- EPS Q3 FY26: ₹1.53 (vs ₹1.96 in Q3 FY25)
Management ka kya kehna hai?
Sabse badi baat yeh hai ki management ne future outlook ya koi guidance nahi diya hai. Matlab, aage kya hone wala hai, iska koi clue nahi hai. Investors ko ab pata lagana hoga ki company is margin pressure ko kaise handle karegi aur acquisition ka fayda kaise uthayegi.