ASM Technologies (526433) Q3 25/26 earnings summary

Executive summary

• 9M FY26 consolidated revenue rose 126% YoY to ₹3,933.99 million; consolidated profit reached ₹440.06 million, with growth driven by DLM and ER&D execution.

• Healthy enquiries and order-book visibility underpin management’s expectation of a strong FY26 close; manufacturing expansion will continue in a calibrated manner.

• Two Bengaluru manufacturing facilities were commissioned in Q3 FY26, and land allotment under the Karnataka government MoU was completed.

Financial highlights

• Q3 FY26 revenue was ₹1,070.91 million standalone and ₹1,160.24 million consolidated, versus ₹574.71 million and ₹647.44 million, respectively, in Q3 FY25.

• 9M FY26 revenue was ₹3,552.71 million standalone and ₹3,933.99 million consolidated.

• Q3 FY26 profit was ₹101.17 million standalone and ₹93.12 million consolidated; consolidated PAT grew 79% YoY to ₹9.3 crore.

• 9M FY26 profit was ₹462.69 million standalone and ₹440.06 million consolidated, versus ₹116.45 million and ₹102.16 million; consolidated PAT rose 331% to ₹44.0 crore.

• Consolidated 9M FY26 EBITDA increased 246% to ₹75.8 crore and PBT rose 368% to ₹60.8 crore; Q3 PBT was ₹13.1 crore, up 70%.

Outlook and guidance

• Healthy enquiries and order-book visibility support management’s expectation of closing FY26 on a strong note.

• Manufacturing expansion will continue in a calibrated manner to serve demand across segments.

• An action plan for two overseas subsidiaries targets lower operating costs; further funding may be infused as required to support going concern.