Mafatlal Industries Limited Delivers Robust Q3FY26 and 9MFY26 Results; Revenue Rises 25.9% for Nine Months YoY to ₹3,009.9 Crore
: Mafatlal Industries Limited, a legacy player in the Indian textile industry, today announced its unaudited financial results for the quarter and nine months ended December 31, 2025, reflecting consistent execution and operational discipline across businesses.
For Q3FY26, revenue from operations stood at ₹717.4 crore. For the nine months ended December 31, 2025, revenue from operations grew by 26.7% year-on-year to ₹2,987.2 crore, compared to ₹2,357.5 crore in the corresponding period last year, driven primarily by the Textile and Related Products segment and the Consumer Durables segment. The Institutional business serving B2B and public sector clients contributed meaningfully to the growth.
Revenues from the Textile and Related Products segment grew by 15.7% YoY, with EBIT margins improving to 6.4% compared to 5.5% in 9MFY25. Margin improvement was supported by the Company’s continued focus on expanding the uniform solutions umbrella.
In the Digital Infrastructure segment, the Company executed ICT Lab projects across 333 public sector schools, including annual maintenance contracts, supporting stable segment performance.
The year-on-year moderation in quarterly revenue was due to deferred order execution during the election code of conduct period in the states of Maharashtra and Bihar and is expected to normalise from Q4FY26.
Operating EBITDA margins remained stable, reflecting the resilience of the Company’s asset- light business model.
During Q3FY26, following the Ministry of Labour and Employment’s notification on the New Labour Codes, the Company reassessed employee benefit obligations and recognised an estimated incremental liability of ₹2.87 crore as an exceptional item.
As of December 31, 2025, the Company’s order book stood at approximately ₹1,200 crore, providing strong revenue visibility for the coming quarters. Gross debt stood at ₹52.8 crore, compared to ₹68.3 crore as of March 31, 2025.
Commenting on the performance, Mr. M. B. Raghunath, Chief Executive Officer, said, “We are pleased to report a satisfactory quarterly performance despite temporary delays in revenue recognition due to the election code of conduct in Maharashtra and Bihar. Despite these temporary delays, our margins grew, reflecting our focused strategy and asset-light business model. Our nine-month results surpassed last year’s performance, driven by strong growth in the Textile and Consumer Durables segments. With a robust order book of around INR 1,200 crore, we are well-positioned for the upcoming quarters and remain committed to strengthening our uniform business, exploring value-added opportunities, and delivering sustainable results.”
