Eureka Forbes Q3 FY26 Revenue Up 8% to ₹645.4 Cr; Adj. EBITDA Margin Expands to 11.3%
Eureka Forbes reported Q3 FY26 standalone revenue of ₹645.4 crore, an 8.0% YoY increase, driven by Robotics and Air Purifiers. Adjusted EBITDA margin improved 57 bps to 11.3%. For 9M FY26, revenue grew 11.1% to ₹2,026.6 crore. The company gained market share in Water Purifiers despite channel inventory challenges.
The results show positive growth and margin expansion, which is beneficial for the company. However, the impact is moderated by challenges in the Water Purifier segment and a one-time exceptional item affecting reported PAT.
The company reported positive year-on-year growth in revenue and improved EBITDA margins, along with market share gains in key segments, indicating a strong performance despite a challenging macro environment.
Eureka Forbes Limited announced its financial results for the quarter ended December 31, 2025, reporting an 8.0% year-on-year (YoY) revenue growth to ₹645.4 crore on a standalone basis. This growth was driven by multiple factors, including strong performance in the Robotics segment and a significant three-fold YoY increase in Air Purifier revenue. The service business also demonstrated momentum with its third consecutive quarter of double-digit growth in Annual Maintenance Contract (AMC) bookings.
Adjusted EBITDA increased by 13.7% YoY to ₹73.2 crore, and the Adjusted EBITDA margin improved by 57 basis points YoY to 11.3%, supported by healthy gross margins of 60.8%. Adjusted Profit Before Tax (PBT) before exceptional items and ESOPs grew 11.3% YoY to ₹58.5 crore. Profit After Tax (PAT) before exceptional items rose 11.9% YoY to ₹39.0 crore. However, the reported PAT was ₹9.0 crore due to a one-time exceptional impact of ₹40.4 crore (pre-tax) related to the implementation of new Labour Codes.
For the nine months ended December 31, 2025, revenue from operations increased by 11.1% YoY to ₹2,026.6 crore. Adjusted EBITDA for this period grew 17.7% YoY to ₹241.7 crore, with the margin improving by 67 basis points YoY to 11.9%. Adjusted PBT increased by 22.0% YoY to ₹204.8 crore, and PAT before exceptional items grew by 23.6% YoY to ₹139.1 crore.
Mr. Pratik Pota, MD and CEO, commented on the results, highlighting a resilient performance in a challenging macro environment. He noted challenges in the Water Purifier portfolio due to high channel inventory and a post-festive slowdown but stated that the company gained market share within the category. He expressed confidence in the business's multiple growth vectors and its long-term ambition for strong, sustained profitable growth.
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