Responsive Industries Q3 FY26 Profit Drops 52% to ₹22.5 Crore Amid Tariff Pressures
Responsive Industries reported Q3 FY26 Net Profit of ₹22.5 crore, down 52% YoY, with revenue at ₹311.3 crore. 9M FY26 Net Profit was ₹125.6 crore. The decline was due to US import tariffs. Management expects margin recovery and improved order inflows due to anticipated tariff rationalization.
The financial results show a notable decrease in profitability and revenue. While the company anticipates a recovery, the immediate impact on financial performance is significant enough to warrant a medium impact assessment.
The company reported a significant year-on-year decline in net profit and revenue for the quarter, primarily due to external tariff pressures, indicating a negative short-term financial performance.
Responsive Industries Ltd. announced its financial results for the third quarter and nine months ended December 31, 2025. The company reported a Net Profit of ₹22.5 crore for Q3 FY26, a 52% decrease from ₹47 crore in the same period last year. Revenue from operations stood at ₹311.3 crore, down from ₹367.8 crore year-on-year. EBITDA was ₹47.8 crore, with an EBITDA margin of 15.37%, compared to ₹72 crore in Q3 FY25. Profit Before Tax was ₹24.3 crore.
For the nine months of FY2026, revenue from operations was ₹963.8 crore, a 7% decrease from ₹1,037 crore in the prior year. EBITDA for the nine-month period was ₹202.2 crore with a margin of 20.98%. Net Profit for 9M FY26 was ₹125.6 crore, a 13% decline from ₹145 crore in 9M FY25.
The company attributed the temporary dip in profitability to higher import tariffs imposed by the United States on certain PVC-based product categories exported from India. Responsive Industries absorbed part of these costs and implemented short-term pricing adjustments, which impacted margins. Management views this as a transitory issue, with recent policy developments indicating tariff rationalization expected to support margin normalization and improved order inflows in upcoming quarters.
Management commentary from Mr. Rishabh Agarwal, Chairman, highlighted that while Q3 performance was impacted by tariff pressures, policy normalization is expected to lead to improved competitiveness, stronger order flows, and margin recovery. The company remains focused on cost optimization, operational efficiencies, its diversified export footprint, and enhancing its value-added product mix.
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Responsive Industries Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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