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Indag Rubber Ltd. — Earnings Release 2026
Feb 13, 2026
62275_rns_2026-02-13_65c78a12-c4cb-43c8-a52a-5c8fbba2deba.pdf
Earnings Release
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lndag Rubber Limited
Regd. Office : Khemka House, 11, Community Centre, Saket, New Delhi ·110017, India Phone : 26963172-73, 26961211, 26863310, 41664818, 41664043; Fax : 011- 26856350 E-mail : [email protected]; Website: www.indagrubber. com; CIN-L74899DL1978PLC009038
Works : Village Jhiriwala, Tehsil, Nalagarh, Distt. Solan, Himachal Pardesh - 174101, India Phone: +91-9736000123
ISO 900 1: 2015 ISO 14001:2015 ISO 450001:2018
February 13, 2026
BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400001.
(Company code‐1321) (Scrip code‐509162)
Sub.: Press Release for Q3 & 9M FY26 Financial Results.
Dear Ma’am/Sir,
Please find enclosed Press Release for Q3 & 9M FY26 Financial Results for the information of the investors and public at large.
Thanking you.
Yours faithfully,
For Indag Rubber Limited
SONAL Digitally signed by SONAL GARG GARG Date: 2026.02.13 18:06:01 +05'30'
Sonal Garg Company Secretary & Compliance Officer (ACS 24598)
---------- The only alternative to new tyres -------------
THE ONLY ALTERNATE TO NEW TYRES…SINCE 1978
Q3 & 9M FY26 Financial Highlights
Investor Release
13[th] February 2026, Delhi ; Indag Rubber Limited, one of India’s leading tread manufacturing Company, has declared its unaudited financial results for the quarter and nine months ended 31[st] December 2025.
Q3 & 9M FY26 Financial Highlights
| Particulars (Rs. Crs.)* | Q3 FY26 | Q3 FY25 | Y-o-Y | Q2 FY26 | QoQ | 9M FY26 | 9M FY25 | Y-o-Y |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | 58.7 | 55.9 | 5% | 55.0 | 7% | 161.7 | 179.0 | -10% |
| EBITDA | 6.0 | 2.6 | 129% | 6.2 | -4% | 16.1 | 13.0 | 24% |
| EBITDA Margin | 10.1% | 4.7% | 550 bps | 11.3% | -110 bps | 10.0% | 7.3% | 270 bps |
| Profit After Tax | 3.4 | 0.8 | 322% | 3.6 | -7% | 8.8 | 6.8 | 30% |
| PAT Margin | 5.7% | 1.4% | 430 bps | 6.6% | -90 bps | 5.5% | 3.8% | 170 bps |
- Includes Other Income ; On Standalone Basis
Commenting on the Result, Mr. Vijay Shrinivas, CEO, Indag Rubber Limited said:
“Revenue for the quarter stood at Rs. 58.7 crore, reflecting a growth of 5% YoY. EBITDA grew by 129% YoY to Rs. 6 crore. Profit After Tax more than tripled YoY and stood at Rs. 3 crore.
I am happy to share that we have continued to maintain our margin improvement trajectory and also delivered revenue growth during Q3FY26. The revenue growth was primarily driven by both aftermarket and STU business, which witnessed a rebound in volumes.
On the profitability front, EBITDA margins improved by ~550 bps YoY to 10.1%. This improvement was driven by a better product mix, cost optimisation, and gradual easing of raw material costs.
On a 9MFY26 basis, our revenue stood at Rs. 161.7 crore. While revenue declined 10% YoY primarily on account of lower volumes from STU business in Q1FY26, the profitability trajectory has been encouraging. 9MFY26 EBITDA grew 24% YoY to Rs. 16.1 crore, with EBITDA margin expanding 270 bps to 10.0%, compared to 7.3% in 9M FY25. PAT for the nine-month period stood at Rs. 8.8 crore, a growth of 30% YoY, with PAT margin improving to 5.5% from 3.8%.
The macro environment continues to improve with Union Budget FY27 raising public capex to Rs. 12.2 lakh crore, including Rs. 3.10 lakh crore for Roads & Highways, directly supporting freight movement and retreading demand. The recent India-US and India-EU trade agreements have further eased global uncertainty, strengthening the outlook for domestic logistics activity.
We remain confident in our ability to sustain the positive momentum in the business. With improving demand fundamentals, a strengthening margin profile, and supportive industry tailwinds, we believe we are well-positioned to deliver consistent and profitable growth while maintaining a close watch on raw material prices and global developments.”
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THE ONLY ALTERNATE TO NEW TYRES…SINCE 1978
About Indag Rubber Limited
Indag Rubber Limited (IRL) is founded by Khemka Group during the early 80's. IRL pioneered the introduction of Cold Retreading Technology in India. Since then, the Company has provided Retreading material to customers ranging from Pre-cure Tread Rubber to Envelopes. IRL has state-of-the-art manufacturing unit established at Nalagarh Industrial Estate in Himachal Pradesh with an Annual Capacity to manufacture 20,000 tons of Precured Tread Rubber (PTR) along with allied items. With the Best Quality product and reasonable pricing with wide distribution network, Company provides Tread which promises “Lowest Cost per Kilometer” to our customers
Safe Harbor Statement
Statements in this document relating to future status, events, or circumstances, including but not limited to statements about plans and objectives, the progress and results of research and development, potential project characteristics, project potential and target dates for project related issues are forward-looking statements based on estimates and the anticipated effects of future events on current and developing circumstances. Such statements are subject to numerous risks and uncertainties and are not necessarily predictive of future results. Actual results may differ materially from those anticipated in the forwardlooking statements. The company assumes no obligation to update forward-looking statements to reflect actual results changed assumptions or other factors.
For further information, please contact: Company : Investor Relations Advisors : CIN: L74899DL1978PLC009038 CIN: U74140MH2010PTC204285 Mr. Anil Bhardwaj, G.M.(Accounts) & CFO Mr. Deven Dhruva / Mr. Ronak Jain [email protected] [email protected] / [email protected] +91 9833373300 / +91 9820950544 www.indagrubber.in www.sgapl.net
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