Saraswati Saree Depot Q3 FY26 Revenue at ₹144.47 Cr, Down 21%; 9M Revenue Up 4.3%
Saraswati Saree Depot reported Q3 FY26 revenue of ₹144.47 Cr, down 20.7% YoY due to a high base. For 9M FY26, revenue grew 4.3% to ₹497.63 Cr. PAT for 9M FY26 was ₹20.07 Cr, a 14.8% decrease. Management cited seasonal softness and input cost pressures but expects Q4 recovery from wedding and festive demand.
The announcement details quarterly and nine-month financial results, which are material information for investors. The decline in Q3 performance and the reasons provided, coupled with the outlook for Q4, have a moderate impact on investor perception.
While the company highlighted steady revenue growth for the nine-month period and positive outlook for Q4, the significant year-on-year decline in Q3 revenue and PAT, along with reduced margins, indicates a mixed financial performance.
Saraswati Saree Depot Limited announced its unaudited financial results for the third quarter and nine months ended December 31, 2025. The company reported a Q3 FY26 revenue from operations of ₹144.47 Crore, a decrease of 20.7% compared to ₹182.14 Crore in Q3 FY25. This decline is attributed to a higher base in the previous quarter due to seasonally stronger demand.
EBITDA for Q3 FY26 stood at ₹4.75 Crore, a significant drop from ₹12.82 Crore in Q3 FY25, with the EBITDA margin decreasing to 3.29% from 7.04%. Profit After Tax (PAT) for the quarter was ₹3.21 Crore, down from ₹7.88 Crore in Q3 FY25, and the PAT margin was 2.22%, down 211 basis points. Earnings Per Share (EPS) for Q3 FY26 was ₹0.81.
For the nine-month period ended December 31, 2025, revenue from operations grew by 4.3% to ₹497.63 Crore from ₹477.26 Crore in the same period last year. However, EBITDA declined by 15.8% to ₹27.79 Crore, with the EBITDA margin at 5.58%. PAT for the nine months decreased by 14.8% to ₹20.07 Crore from ₹23.55 Crore in 9M FY25, with the PAT margin at 4.03%. The nine-month EPS stood at ₹5.06.
Commenting on the performance, Mr. Shankar Dulhani, Chairman & Executive Director, noted that while sequential demand was softer due to normalization after a strong previous period, the nine-month revenue showed steady growth. Margins were impacted by input costs and operating deleverage, but the company remains focused on financial discipline and capital allocation. An encouraging aspect is the initial contribution from the company's retail initiative, which is a strategic step towards expanding market reach. Looking ahead, the company anticipates seasonal tailwinds in the fourth quarter driven by the wedding season and spring festive demand, expecting a recovery in wholesale volumes.
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Saraswati Saree Depot 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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