Shares of Tega Industries Ltd declined more than 6% on Friday, February 13, a day after the company reported a sharp drop in net profit for the third quarter of the current financial year.
The stock opened 3.56% lower at ₹1,700 apiece on the BSE on Friday compared to its previous close of ₹1,762.85. Tega Industries shares further declined as much as 6.28% to hit an intraday low of ₹1652.05 apiece on the BSE.
However, the stock recovered some of its early losses to trade at ₹1652.05 per share, down 4.96%, on the BSE at around 12:21 pm.
In the Q3FY26 results released on Thursday, the company reported weak revenue and operating performance on a year-on-year basis.
The designer and manufacturer of mining consumables and material handling products reported a net profit of ₹19.7 crore for the quarter ended December 31, 2025, down 63.65% year-on-year (YoY) compared to ₹54.2 crore in the year-ago period. In Q3FY26, its consolidated revenue from operations dropped marginally by 1.3% YoY to ₹403.7 crore against ₹409.2 crore in the same quarter of the preceding financial year.The company’s Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) plunged 48.7% YoY to ₹46.6 crore in Q3FY26 compared to ₹91 crore in Q3FY25. EBITDA margin also contracted by 1070 basis points to 11.5% from 22.2% in the year-ago quarter.
For the nine-month period ended December 2025, the company’s total revenue increased 6% YoY to ₹1,210.3 crore, while net profit jumped 2% YoY to ₹100 crore. However, for the period under review, EBITDA dropped 5% YoY to ₹216.1 crore.
In its earnings call held with analysts and investors post Q3 results, the company projected a positive outlook, maintaining a long-term target of 15% CAGR.
