Summary
Tara Chand Infralogistic Solutions Limited - Q3 FY 2026 Earnings Call Summary Friday, January 30, 2026, 12:00 PM IST
Event Participants
Executives 1 Himanshu Aggarwal (Whole-Time Director and CFO)
Analysts 8 Ankur Kumar, Bhavya Sonawala, Ishit Desai, Jiten Parmar, Kaushik Krishna, Koustubh Shaha, Rehan Saiyyed, Rohan Mehta
Financials & KPIs
| Metric | Reported | Commentary |
|---|---|---|
| Total Revenue | ₹69.27 crores | +8% YoY; Highest ever 9M revenue, though Q3 was impacted by deferred EPC execution and doubtful debt reversals. |
| EBITDA | ₹25.74 crores | +24% YoY; Highest ever EBITDA margins achieved in Q3. |
| EBITDA Margin | 37.16% | +478 bps YoY; Margin expansion driven by higher-yield equipment rentals and stabilization of specialized services. |
| Profit After Tax | ₹5.54 crores | +13% YoY for 9M; Q3 PAT impacted by +32% depreciation and +63% finance costs due to heavy capex. |
| Cash PAT | ₹21.00 crores | +22% YoY; Reflects strong cash generation despite high non-cash depreciation charges. |
| Order Book | ₹96.90 crores | 100% executable in Q4 FY26; 66% from equipment rentals and 34% from warehousing/transportation. |
| Net Debt to Equity | 0.8x | Maintained below the managed target of 1.0x despite increased absolute debt for equipment purchases. |
| Fleet Size | 403 machines | Aggregating to a gross block of ₹536.10 crores as of December 31, 2025. |
| Capacity Utilization | 82% - 83% | Remained steady; Management expects utilization to reach 86%-87% in Q4 FY26. |
| Receivable Days | ~90 days | Increased from 83 days due to contract closure procedures at Vizag; Target remains <80 days by year-end. |
Geographic & Segment Commentary
Segment A: Equipment Rentals & Infra: Reached ₹112.69 crores for 9M FY26 (+23% YoY), contributing 55% of total revenue. Segment EBITDA stood at 5
Want more insights like this?
Subscribe to get deep dives delivered to your inbox.
More Earnings Summaries
Explore more Q3 FY26 earnings call analyses:
HDFC Bank Limited Q3 FY26
HDFC Bank reported a quarter characterized by stable credit quality and a strategic pivot toward relationship-led growth over aggressive pricing. The bank su...
Vishnu Chemicals Limited Q3 FY26
Vishnu Chemicals delivered a steady Q3 FY26 with consolidated revenue of ₹411.3 crores and a 170-bps expansion in gross margins. The company is undergoing a ...
ACC Limited (Part of Adani Portfolio) Q3 FY26
Ambuja Cements delivered a high-growth quarter with volumes rising 17% YoY to 18.9 million tons, significantly outperforming the industry. While reported cos...