Yasho Industries Q3 FY26 Earnings Call Transcript Released; Revenue Up 35% YoY to ₹201.83 Crore
Yasho Industries reported Q3 FY26 revenue of ₹201.83 crore, a 35% YoY increase. For the 9-month period, revenue was ₹583.76 crore (up 19% YoY). The company is undertaking a strategic manufacturing project costing ₹85-90 crore, funded by an MNC customer, with commercialization by Q1 FY28. New manufacturing lines are set for Q1 FY27 commercialization. Yasho targets ₹1,500 crore revenue potential by FY28.
The announcement details significant capacity expansions and a strategic project with an MNC, which have medium to long-term implications for revenue and growth. While the Q3 results show positive trends, the full impact of these initiatives will unfold over the next few fiscal years.
The company reported strong year-on-year revenue growth, improved EBITDA margins, and provided positive outlooks on future projects and revenue targets. The successful funding of a significant project by an MNC customer and strategic capacity enhancements further contribute to a positive sentiment.
Yasho Industries Limited has released the transcript of its earnings conference call for the third quarter of Fiscal Year 2026 (Q3FY26), which took place on February 13, 2026. The company reported a significant year-on-year revenue growth of 35% for the quarter, reaching ₹201.83 crore. For the nine-month period ended FY26, revenue stood at ₹583.76 crore, marking a 19% increase year-on-year. The company achieved an EBITDA margin of 16.65% for the quarter and 17.06% for the nine-month period, attributed to sourcing efficiencies, operational discipline, and improved plant productivity.
During the call, management highlighted a strategic manufacturing project with a large MNC, with an estimated cost of ₹85 crore to ₹90 crore, fully funded by the customer, of which an advance of ₹19.9 crore has been received. Equipment deliveries for this project are expected in Q2 FY27, with commercialization targeted for Q1 FY28. Additionally, the company has invested ₹25.9 crore in two new manufacturing lines, with trial runs expected in March 2026 and commercial production planned for Q1 FY27.
Looking ahead, Yasho Industries projects a revenue potential of approximately ₹1,500 crore by FY28, driven by capacity enhancements and the long-term supply agreement project. The company is also focusing on geographic diversification, expanding into South America, Africa, and other Asian markets to mitigate risks associated with U.S. tariffs. Management indicated that while the Pakhajan facility's utilization was below 50% in Q3FY26, it is expected to improve with new capacity coming online. The company aims for 60-70% of its sales to come from long-term contracts at optimal utilization.
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Yasho Industries Limited filed this with the NSE as a statutory disclosure, categorised under concall transcript released. 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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