Monolithisch India Reports Exceptional Q3 FY26 Financial Performance
Monolithisch India Limited has announced an exceptionally robust financial performance for the quarter ended Q3 FY26, demonstrating substantial growth across all major financial metrics. The company's accelerating growth trajectory and improved profitability profile have been reinforced through these impressive results.
Quarterly Financial Highlights Show Strong Momentum
During Q3 FY26, the company achieved its strongest quarter to date, supported by strategic expansion and the consolidation of its group companies. Revenue reached ₹37.36 crore, delivering remarkable 42.61% year-on-year (YoY) growth and 31.16% quarter-on-quarter (QoQ) improvement. This growth was primarily driven by increased volumes and sustained customer demand across the company's operations.
EBITDA increased by 50.08% YoY to ₹8.94 crore, reflecting strong operating leverage and disciplined cost management practices. The EBITDA margin expanded significantly to 23.92%, reinforcing the company's improving profitability framework and operational efficiency.
Profit After Tax (PAT) rose sharply by 54.15% YoY to ₹6.08 crore, indicating superior earnings conversion capabilities. The consolidated PAT margin strengthened to 16.28%, while Earnings Per Share (EPS) increased to ₹2.98, representing a 20.28% YoY improvement.
Nine-Month Performance Demonstrates Resilience
For the nine-month period ending Q3 FY26, consolidated revenue stood at ₹94.64 crore, marking a substantial 40.82% year-on-year increase. The company showcased remarkable resilience against market headwinds, maintaining consistent improvement in profitability through efficient machinery utilization and strategic debottlenecking initiatives.
Standalone revenue for Monolithisch India reached ₹88.05 crore for the nine-month period, while Mineral India Global posted standalone revenue of ₹29.17 crore over the same duration. Consolidated EBITDA climbed 51.65% YoY to ₹21.86 crore, with significant margin expansion reflecting operational excellence.
PAT surged 52.15% YoY to ₹14.88 crore, demonstrating consistent execution of the company's strategic vision. EPS increased to ₹7.3, representing an 18.72% YoY improvement, highlighting the company's commitment to shareholder value creation.
Strategic Business Initiatives and Capacity Enhancement
The company successfully completed its brownfield project by replacing the existing production line with minimal capital outlay and limited operational downtime. Continuous efforts are underway to enhance the efficiency of this newly established production line, which required upgrading the entire crushing line while ensuring uninterrupted supply chain operations.
Capacity enhancement at Mineral India Global is currently in progress and is expected to be completed in Q4 FY26. The new product, SGB Limited, launched last year, has received excellent customer response, though mass production required the implementation of new machine lines.
The company anticipates that more than 60% of customers will transition from the star product SGB-777 to SGB Limited in the upcoming quarter. SGB Limited offers an improved lifespan of 15%-20% better than SGB-777 and is experiencing high market demand, which should support premium pricing strategies in future quarters.
Completed capital expenditure initiatives have significantly reduced consumables and labor costs, contributing to improved operational efficiency and profitability margins.
Management Commentary on Performance and Outlook
Commenting on the outstanding performance, the company chairman stated: "This quarter presented headwinds for end users in the steel industry, but our company maintained strong demand momentum, keeping us well-positioned to sustain this growth trajectory."
He further added: "I congratulate our entire team as Q3 FY26 marks another milestone quarter for Monolithisch India. This quarter was primarily led by the near completion of our brownfield project, resulting in capacity enhancement and improved efficiency, thereby increasing company profitability. The acquisition of Mineral India Global Private Limited (effective from 8th November onwards) contributed to both top-line and bottom-line growth, and will further enhance cost reduction through improved group synergy."
Discussing future projects, the chairman noted: "The capital expenditure run for our greenfield project is progressing according to schedule, and we remain committed to inaugurating it in Q1 FY27. This greenfield project will be among the most efficient, environmentally friendly, and future-ready plants in our industry."
Positive Outlook for Q4 FY26 and Beyond
The company enters Q4 FY26 with strong momentum, supported by volume growth, favorable steel sector dynamics, enhanced operating efficiencies, and disciplined project execution. Management has reiterated its full-year guidance, expecting consolidated revenue in the range of ₹140–150 crore with continued efforts to increase profitability margins.
Monolithisch India's strategic initiatives, capacity enhancements, and product innovations position the company for sustained growth in the coming quarters, despite challenging market conditions in certain end-user segments.
