Sarthak Metals Q3 FY26: Revenue Up 8% to ₹47.73 Cr, PAT Rises 6% to ₹1.30 Cr
Sarthak Metals reported Q3 FY26 revenue of ₹47.73 crore, up 8% YoY. PAT increased by 6% YoY to ₹1.30 crore. The cored wire business saw a 1% volume growth YoY, while the welding division achieved ₹4.4 crore revenue in Q3 FY26. The company's biotechnology initiative is progressing, with its pilot facility operational.
The announcement includes key financial performance indicators and updates on business segment growth and new initiatives, which are material for investors. However, the negative impact on the aluminum flipping coil segment tempers the overall positive outlook.
The company reported year-on-year growth in revenue and profit, along with positive developments in its new business segments like welding and biotechnology, despite facing industry challenges.
Sarthak Metals Limited has released its Earnings Presentation for the third quarter of the fiscal year 2025-2026 (Q3 FY26).
The company reported a revenue from operations of ₹47.73 crore, an 8% increase year-on-year, and a 31% increase quarter-on-quarter. Profit After Tax (PAT) stood at ₹1.30 crore, marking a 6% year-on-year growth and a significant 71% quarter-on-quarter increase. Earnings Per Share (EPS) was ₹0.95.
In the cored wire business, volumes grew by 1% year-on-year, with realizations increasing by 9% quarter-on-quarter. The aluminium flipping coil segment saw a 37% decrease in volume year-on-year, with no significant change in realizations quarter-on-quarter. This segment's operations have been temporarily halted due to challenging domestic market conditions and unethical competition.
The welding division showed strong momentum, achieving average monthly volumes exceeding 100 tonnes over the last nine months, with revenues of ₹10.9 crore for 9M FY26 and ₹4.4 crore for Q3 FY26. Volumes grew by 182% year-on-year to 409 tonnes in Q3 FY26, with a price realization of ₹1.08 lakh per tonne. The company received RDSO approval from Indian Railways in April 2025 and has a capacity to produce 3,600 tons of flux-cored wire annually.
Sarthak Metals is also advancing its biotechnology initiative, focusing on integrating its technology solutions with ethanol distilleries to improve fermentation efficiency. The Solid State Fermentation (SSF) pilot facility is operational, with the first batch commencing in May 2025. The company has invested ₹50 lakh to date in this initiative.
Management commentary highlighted the challenges faced by the steel sector due to international price disparities and raw material security. Despite these challenges, the company maintains a long-term vision to evolve into a diversified entity with a strong presence across cored wire, welding consumables, and biotechnology.
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