S H Kelkar Q3 FY26 Results: Revenue Up 7.5% to ₹583.8 Crore, PBT Jumps 79.2% to ₹49 Crore
S H Kelkar reported Q3 FY26 results with revenue from operations at ₹583.8 crore, up 7.5% YoY. PBT surged 79.2% to ₹49 crore. For 9M FY26, revenue was ₹1,718.3 crore (up 10.4% YoY) and PBT jumped 449.5% to ₹97.8 crore. The company is investing in growth initiatives for long-term sustainable value creation.
The results show positive growth and profitability, which is a good sign for the company. However, the commentary also mentions increased debt levels and a focus on long-term benefits from current investments, suggesting a moderate impact in the short term.
The company reported strong year-on-year growth in revenue and a significant increase in Profit Before Tax for both the quarter and nine-month periods. Management commentary highlights strategic investments for future growth, indicating a positive outlook.
S H Kelkar and Company Limited (SHK) has announced its financial results for the quarter and nine months ended December 31, 2025. The company reported revenues from operations of ₹583.8 crore for Q3 FY26, an increase of 7.5% compared to ₹543.2 crore in the same period last year. Profit Before Tax (PBT) for the quarter surged by 79.2% to ₹49 crore, up from ₹27.4 crore in Q3 FY25.
For the nine months ended December 31, 2025, revenues from operations stood at ₹1,718.3 crore, a 10.4% increase from ₹1,556.0 crore in the corresponding period of FY25. The PBT for the nine-month period also saw a significant jump of 449.5%, reaching ₹97.8 crore compared to ₹17.8 crore in the previous year.
Commenting on the strategic direction, Mr. Kedar Vaze, Whole Time Director & CEO, stated that the company is investing in its global Creative Development Centres, expanding capacity, and enhancing innovation and customer engagement for long-term sustainable growth. Mr. B. Ramakrishnan, CEO – Fragrances, Asia and U.S.A., highlighted the progress in the US market, with the Creative Development Centre securing its first customer order and generating initial revenues.
Mr. Jagdish Agarwal, Group Chief Financial Officer, expressed excitement about the company's investment phase and its potential for growth. He emphasized strengthening financial discipline, maintaining a prudent capital structure, improving working capital efficiency, and enhancing cash conversion. The company noted that while debt levels may see a near-term increase due to strategic initiatives, the benefits are expected to emerge progressively over the medium term.
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S H Kelkar and Company 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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