Q3 FY2026 Quarterly Result Highlights of Dixon, Kotak Mahindra Bank, Piramal Finance, Five-Star Business, JTL Industries, Ultratech Cement, SBFC Finance

Dixon Tech Q3 FY2026 Results : Net profit grows 68% to Rs 287 crore

• Dixon Tech reported a consolidated net profit of Rs 287 crore for Q3 FY26, marking a 68% YoY rise from the Rs 171.19 crore net profit reported in Q3 FY25.
• The firm’s revenue from operations meanwhile rose 2% YoY to Rs 10,671.59 crore during the quarter under review.
• Revenue (Q3 FY26): Increased to ₹10,803 crs, a 3% year-over-year increase.
• EBITDA (Q3 FY26): Rose to ₹546 crs, marking a 37% year-over-year increase.
• PBT (Q3 FY26): Stood at ₹412 crs, a substantial 44% year-over-year increase.
• PAT (Q3 FY26): Reached ₹321 crs, reflecting a 48% year-over-year increase.
• Margin at 3.9% Vs 3.7% 
• Segment Performance
• Here’s a brief overview of the operational performance in key segments for Quarter 3:
• Mobile & Other EMS Division:
  • Revenue: ₹9,750 crs
• Consumer Electronics & Appliances (LED TV & Refrigerator):
  • Revenue: ₹567 crs
• Home Appliances:
  • Revenue: ₹355 crs
• Balance Sheet & Cash Flow
• The company maintains a strong balance sheet with net debt at ₹246 crs. Net working capital days stand at (7) Days, showcasing efficient management of working capital.
• Jefferies, the brokerage firm has maintained a ‘hold’ call on Dixon Tech while cutting the target price from Rs 13,070 to Rs 11,350
• Macquarie, for its part, has maintained an ‘outperform’ rating on Dixon Tech but has cut the target price from Rs 18,000 to Rs 15,000, stating that the result missed as increased memory prices caused lower mobile volumes while the consumer durable segment was weak.

Piramal Finance Q3 FY2026 Result: Net Interest Income up 31% & Profit to Rs 401 crore

• Piramal Finance’s core net interest income grew 31% to Rs 1,227 crore, while the other income was up 23 percent at Rs 252 crore for the reporting quarter.
• Non-bank lender Piramal Finance on Friday reported that its net profit for the December quarter zoomed to Rs 401 crore from Rs 39 crore in the year-ago period.
• The company’s managing director and chief executive, Jairam Sridharan, attributed the profit growth to a combination of factors, including growth in assets under management, expansion in net interest margins, control over operating expenses and lower credit costs.
• Its AUM jumped by over 23% during the quarter, NIMs expanded by 0.50 percent to 6.30 percent, operating expenses grew by just 4 percent and the provisions were up 36 percent.
• The core net interest income grew 31 percent to Rs 1,227 crore, while the other income was up 23 percent at Rs 252 crore for the reporting quarter.
• The return on AUM stands at 1.9 percent at present, and the company is aiming to take it further up to 3 percent over the medium term, Sridharan said, adding that NIMs will have to expand by 0.30 percent more to achieve the target.
• Stock Verdict: Negative

Five-Star Business Finance announced Q3 FY2026 Results

• Revenue: Rs 81,506.51 lakh against Rs 72,737.51 lakh during Q3FY25, change 12% YoY
• PBT: Rs 36,881.3 lakh against Rs 36,512.67 lakh during Q3FY25, change 1%.
• PAT: Rs 27,702.78 lakh against Rs 27,385.9 lakh during Q3FY25, change 1%.
• Portfolio Quality: Current portfolio proportion increased from 81.67% in September to 81.77% in December.
• Collection Efficiency: Unique customer collection efficiency stable at 95.1%; overall collection efficiency at 96.6%.
• Unique Customer Collection Efficiency (Excluding NPA): Increased from 96.5% in Q2 to 97.26% in Q3.
• Current Book Collection Efficiency: Increased from 98.5% in Q2 to 99.01% in Q3.
• Stage 3/NPA Recoveries: Amounted to 23 crores in Q3.
• Credit Cost: Increased marginally from 1.34% in Q2 to 1.44% in Q3.
• Branch and Collection Officer Expansion: Added 35 branches and 678 business and collection officers in Q3; total collection officers increased to 2,452.
• Disbursements: Stood at 976 crores, 18% lower compared to the previous quarter.
• Incremental Debt: Availment of 460 crores at a cost of 8.19%.
• Cost of Funds: Dropped from 9.63% to 9.12% year-over-year.
• Liquidity Buffer: Robust liquidity of INR 2,276 crores.
• Net Profit (PAT): 277 crores, 3% lower compared to the previous quarter.
• Return on Assets (ROA): 7%.
• Return on Equity (ROE): 15.8%
• Stock Verdict: Negative, LC

Kotak Mahindra Bank Q3 FY2026 Result Highlights: Revenue up 16%

• Kotak Mahindra Bank clocked Q3 FY26 consolidated revenue of ₹27,850.79 crores vs ₹23,945.79 crores. 
• On the profit front, Kotak Mahindra Bank earned a consolidated PAT of ₹4,924.29 crore in Q3 FY26. During FY25, the company’s PAT stood at ₹4,701.02 crore.
• According to the consolidated figures, Kotak Mahindra Bank’s quarterly PAT increased by 4.75% YoY, while revenue increased by 16.31%.
• Kotak Mahindra Bank clocked standalone revenue of ₹16,741.05 crores vs ₹16,050.38 crores. 
• On the profit front,  Kotak Mahindra Bank earned a standalone PAT of ₹3,446.14 crore in Q3 FY26. During FY25, the company’s PAT stood at ₹3,304.80 crore.
• According to the standalone figures, Kotak Mahindra Bank’s quarterly PAT increased by 4.28% YoY, while revenue increased by 4.30%.

SBFC Finance Q3 FY2026 Results Highlights: Net Profit up 34% & Revenue up 27.8% YoY

• During Q3 FY26, SBFC Finance’s profit increased 34.02% YoY, while revenue increased by 27.74% YoY.
• The company posted robust numbers, with Q3 PAT at ₹118.04 crores and revenue at ₹425.57 crores
• AUM (Assets Under Management): INR10,478 crore, 29% Y-o-Y growth, 5% Q-o-Q growth.
• MSME AUM: INR8,497 crore, 81% of total AUM, 25% Y-o-Y growth, 4% Q-o-Q growth.
• Loan Against Gold: INR1,954 crore, 19% of total AUM, 48% Y-o-Y growth, 14% Q-o-Q growth.
• Branch Count: Added 10 branches, total of 230 branches as of December 2025.
• Yield: 17.78%, reduced by 23 basis points Q-o-Q and 3 basis points Y-o-Y.
• Cost of Borrowing: 8.74%, reduced by 22 basis points Q-o-Q and 57 basis points Y-o-Y.
• Spread: 9.04%, stable Q-o-Q, improved by 54 basis points Y-o-Y.
• GNPA (Gross Non-Performing Assets): 2.71%.
• PCR (Provision Coverage Ratio): 46.2%.
• Credit Cost: 1.29% for the quarter.
• Capital Adequacy Ratio: 31.7%.
• Tangible Net Worth: INR3,306 crore as of December ’25.
• Return on Average AUM: 4.67% for the quarter.
• Return on Average Tangible Equity: Improved from 14.09% in Q2 to 14.56% in Q3.
• PAT (Profit After Tax): INR118 crore, 34% Y-o-Y growth, 8% Q-o-Q growth.
• Stock Verdict: Negative

Ultratech Cement Q3 FY2026 Results Highlights: Profit up 27%

• During Q3 FY26, Ultratech Cement’s profit increased 26.92% YoY, while revenue increased by 22.78% YoY. The company posted robust numbers, with Q3 PAT at ₹1,725.40 crores and revenue at ₹21,829.68 crores.
• Ultratech Cement clocked Q3 FY26 consolidated revenue of ₹21,829.68 crores vs ₹17,778.83 crores. 
• On the profit front, Ultratech Cement earned a consolidated PAT of ₹1,725.40 crore in Q3 FY26. During FY25, the company’s PAT stood at ₹1,359.43 crore.
• According to the consolidated figures, Ultratech Cement’s quarterly PAT increased by 26.92% YoY, while revenue increased by 22.78%.
• Ultratech Cement clocked Q3 FY26 standalone revenue of ₹20,087.87 crores vs ₹16,913.94 crores. 
• On the profit front,  Ultratech Cement earned a standalone PAT of ₹1,510.97 crore in Q3 FY26. During FY25, the company’s PAT stood at ₹1,324.31 crore.
• According to the standalone figures, Ultratech Cement’s quarterly PAT increased by 14.09% YoY, while revenue increased by 18.77%.
• Stock Verdict: Positive

JTL Industries Q3 FY2026: PAT rises 6% YoY to Rs 26 crores

• JTL Industries reported consolidated net profit rose 5.5% to Rs 26.32 crore on a 4.2% increase in revenue from operations to Rs 470.52 crore in Q3 FY26 over Q3 FY25. Profit before tax dropped 1.9% year-on-year (YoY) to Rs 33.05 crore during the quarter under review.
• EBITDA jumped 9.91% to Rs 386.12 crore in Q3 FY26 as compared with Rs 351.29 crore in Q3 FY25. EBITDA margin improved 8.21% in Q3 FY26 as against 7.78% in Q3 FY25.
• Sales volume increased by 3.1% YoY to 90,429 MT compared to 87,714 MT in Q3 FY25. Notably, value-added products contributed a significant share of 23% to the total sales mix, driven by strong demand across key markets.
• The Mangaon plant currently has a total installed capacity of 450,000 MTPA, including 250,000 MTPA with Direct Forming Technology (DFT). It will also serve as the manufacturing unit for an additional 300,000 MTPA of ARW/API-grade ERW pipes, which are expected to be commissioned within a year.
• Further, the company plans to add 400,000 MTPA of GI coil capacity, enhancing its pre-galvanized product range, with commissioning expected by Q4 FY26. In addition, JTL is adding 600,000 MTPA of color-coated coil capacity, which will enhance its color-coated product range by H1 FY27, the company said in an exchange filing.
• The demand for structural steel tubes is driven by government commitments to bolster infrastructure in sectors such as construction, oil & gas, water supply, and agriculture. The Indian warehousing sector is projected to experience significant growth, with demand expected to reach approximately 1.2 billion square feet by 2027.
• Stock Verdict: Negative

IFB Industries Q3 FY2026: Profit dips 23% YoY

• Net profit declined in the third quarter of the current financial year (Q3FY26). Its consolidated net profit declined 22.6 per cent Year-on-Year (Y-o-Y) to ₹24.5 crore in Q3FY2 from ₹34.4 crore in the same quarter of the previous financial year.
• IFB Industries incurred an exceptional loss of ₹13.38 crore during the third quarter and the nine months ended in December, 2025 due to the changes in the new labour code.
• Meanwhile, the total revenue from the operation advanced 12 per cent on year to ₹1,375.13 crore in the third quarter from ₹1,227.95 crore in the same quarter a year ago, according to an exchange filing.