Thejo Engineering Q3 FY26: Profit falls to ₹8.39 cr

Key update: profit trend turns weaker

Thejo Engineering (NSE: THEJO) has seen a sharp swing in quarterly profitability through FY26, with the latest available quarter in the provided data showing a meaningful decline in profit after tax (PAT). The company’s net profit for the quarter ended December 2025 (Q3 FY26) is stated at ₹8.39 crore. This compares with ₹14.11 crore in the September 2025 quarter (Q2 FY26), highlighting a steep sequential drop.

The broader profit trajectory also appears softer in the longer view shared in the data. The profit figures mentioned include ₹48.84 crore for TTM, ₹49.89 crore for March 2025, and ₹55.64 crore for March 2024, suggesting profits have not held at the March 2024 level.

March-quarter headline: consolidated net profit at ₹15.84 crore

A separate headline in the provided material states: “Thejo Engineering March-Quarter Consol Net Profit 158.4 Million Rupees” dated May 27, 2026. Converted to a consistent unit, 158.4 million rupees equals ₹15.84 crore. The snippet does not provide additional context such as the exact quarter label, revenue, or whether this number is standalone or consolidated beyond the headline.

Because the rest of the supporting details for this March-quarter figure are not included in the text, the takeaway is limited to the number itself and the fact that it is described as consolidated net profit.

Q3 FY26 results: revenue, EBITDA, and profitability

For Q3 FY26, the provided data lists the following headline financials:

• Revenue: ₹163.95 crore
• EBITDA: ₹17.43 crore
• Profit Before Tax (PBT): ₹11.75 crore
• Profit After Tax (PAT): ₹8.39 crore

The results are described as having Year-over-Year growth of 21.0% and Quarter-over-Quarter growth of 5.6%, in the same section that cites revenue of ₹163.95 crore. The same text also contains a contradictory line that says the company reported a “net loss” of ₹8.39 crore, even though the figure presented is a positive number and elsewhere described as PAT. Based strictly on the numbers provided, the quarter’s PAT figure is ₹8.39 crore.

Sequential decline: PAT down 25.1% vs Sep 2025 quarter

The quarter-on-quarter compression in profitability is explicitly stated. The net profit for the December 2025 quarter (₹8.39 crore) is compared to the September 2025 quarter (₹14.11 crore), and described as a decline of 25.1%.

In another stated comparison, the text also says net profit decreased 40.5% QoQ and decreased 39.4% YoY for the same quarter. The supporting absolute numbers provided for Q2 FY26 (₹14.11 crore) and Q3 FY25 (₹13.84 crore) align with a decline, although the exact percentage can vary depending on calculation conventions.

Tax-level profitability: PBT also weakens in Q3 FY26

The earnings pressure is also visible at the pre-tax line. Q3 FY26 PBT is listed at ₹11.75 crore, down from ₹19.99 crore in Q2 FY26. On a year-on-year basis, Q3 FY26 PBT is shown lower than Q3 FY25 PBT of ₹18.19 crore.

This matters because it indicates the profit reduction is not only driven by taxes, but is visible even before tax. However, the provided extract does not include the specific drivers such as cost changes, pricing, or segment-level performance.

Q2 FY26 rebound preceded the Q3 FY26 fall

The earlier quarter (Q2 FY26) is described as a period of “significant improvement in profitability.” The figures given are:

• PBT: ₹19.99 crore in Q2 FY26 vs ₹13.31 crore in Q1 FY26
• PAT: ₹14.11 crore in Q2 FY26 vs ₹9.75 crore in Q1 FY26

The same text reports that Q2 FY26 PAT rose 44.7% QoQ and 14.8% YoY, with Q2 FY25 PAT cited at ₹12.29 crore. This sets up FY26 as a year of volatility in quarterly profit rather than a steady trend.

Annual and trailing indicators: FY2025 and margin reference

Beyond quarterly performance, the data also references a full-year profitability figure and a margin indicator:

• FY 2025 net profit: ₹52.31 crore
• FY 2025 PAT margin: 9.46%

Separately, the extract states that profits are decreasing in the longer view, giving three reference points: TTM profit at ₹48.84 crore, March 2025 profit at ₹49.89 crore, and March 2024 profit at ₹55.64 crore. These numbers suggest a lower profit run-rate than March 2024.

Order update: purchase order worth ₹2.8 crore

The text also carries a corporate update headline: “Thejo Engineering Receives Purchase Order Worth 28 Million Rupees.” Normalised to ₹ crore, 28 million rupees equals ₹2.8 crore. No details are provided on the customer, scope, delivery timeline, or whether the order is incremental or part of a larger contract pipeline.

Even so, such order disclosures are typically tracked by investors for revenue visibility, especially when quarterly profits swing materially.

Summary table of key figures cited

What investors may track next

Based on the information shared, the key near-term focus areas are straightforward. One is whether profitability stabilises after the Q3 FY26 decline, especially given the earlier jump in Q2 FY26. Another is whether additional disclosures expand on the March-quarter consolidated profit headline of ₹15.84 crore, since no revenue or cost context is present in the provided text.

Investors may also watch for more details on the ₹2.8 crore purchase order and whether it signals a broader pipeline, but the current extract does not provide enough to quantify impact.

Conclusion

Thejo Engineering’s latest stated quarterly numbers show PAT at ₹8.39 crore in Q3 FY26 on revenue of ₹163.95 crore, with both PBT and PAT lower than the prior quarter’s levels. Separate headlines point to a March-quarter consolidated net profit of ₹15.84 crore and a ₹2.8 crore purchase order, but with limited supporting detail. The next meaningful update would be additional company disclosures that reconcile the quarterly trend and provide context around the March-quarter consolidated profit figure.