Linde India (523457) Q3 25/26 earnings summary

Executive summary

• Unaudited standalone and consolidated financial results for Q3 and nine months ended 31 December 2025 were approved, with a limited review conducted by statutory auditors.

• Appointment of Mr. Ajay Kumar Sah as Interim CFO effective 16 February 2026, bringing 25 years of finance experience across Asia and Africa.

Financial highlights

• Standalone revenue from operations for Q3 FY26 was ₹7,010.34 million, up from ₹6,058.57 million in Q3 FY25.

• Standalone profit after tax for Q3 FY26 was ₹1,915.90 million, compared to ₹1,139.88 million in Q3 FY25.

• Consolidated revenue from operations for Q3 FY26 was ₹7,010.34 million, with consolidated profit after tax at ₹1,933.25 million.

• EPS (consolidated, basic and diluted) for Q3 FY26 was ₹22.67, up from ₹13.64 in Q3 FY25.

• Expenses for Q2 FY26 and nine months ended December 2025 are net of ₹900 million due to reversal of related liabilities from contractual changes.

Outlook and guidance

• Management continues to monitor regulatory and legal proceedings, with uncertainties around their ultimate outcomes and financial impact.