TBZ Q3 FY26: Revenue up 14.4%, PAT surges 168% YoY on margin expansion
Tribhovandas Bhimji Zaveri Limited reported a 14.40% YoY revenue growth to ₹10,614.23 million for Q3 FY26. PAT surged 168.26% YoY to ₹817.67 million, driven by a 592 bps EBITDA margin expansion to 12.44%. For 9M FY26, PAT grew 114.60% YoY to ₹1,334.11 million, with EBITDA margin at 10.39%.
The announcement details significant improvements in key financial metrics like revenue and profit, coupled with strong margin expansion. This positive financial performance is expected to have a considerable impact on investor sentiment and the company's stock.
The company reported significant year-on-year growth in revenue, profit before tax, and profit after tax, along with substantial margin expansion in both EBITDA and PAT. This indicates a strong financial performance.
Tribhovandas Bhimji Zaveri Limited (TBZ) announced its unaudited financial results for the quarter and nine months ended December 31, 2025. For Q3 FY26, the company reported a 14.40% year-on-year increase in revenue from operations to ₹10,614.23 million. Profit After Tax (PAT) surged by 168.26% YoY to ₹817.67 million, with PAT margin improving to 7.70%.
This performance was driven by significant margin expansion. Gross Profit increased by 60.30% YoY to ₹1,854.95 million, with Gross Margin expanding by 500 basis points to 17.48%. EBITDA more than doubled, rising 118.16% YoY to ₹1,320.50 million, while EBITDA Margin expanded sharply by 592 basis points to 12.44%.
For the nine months ended December 2025 (9M FY26), Revenue from Operations grew 13.49% YoY to ₹23,732.57 million. PAT increased by 114.60% YoY to ₹1,334.11 million, with PAT Margin improving to 5.62%. EBITDA rose 76.92% YoY to ₹2,465.89 million, and EBITDA Margin expanded by 372 basis points to 10.39%.
The company highlighted that profitability growth has consistently outpaced topline expansion, indicating structural improvements. TBZ has repositioned its earnings trajectory, moving from mid-single-digit EBITDA margins in FY25 to double-digit EBITDA margins on a year-to-date basis in FY26. The management attributes this to a design-led product strategy, disciplined cost structure, and operating leverage from scale.
The Board of Directors meeting commenced at 2:30 p.m. and concluded at 3:35 p.m. on January 20, 2026, where these results were approved.
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Tribhovandas Bhimji Zaveri 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 high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Tribhovandas Bhimji Zaveri Limited. Read the original for the full detail.