Uniparts India Limited reported a 35 percent year-on-year increase in revenue for the quarter ended 31 December 2025, supported by new business wins and improving demand across construction and agriculture segments. The company reiterated a mid-teens revenue growth outlook for both FY26 and FY27.
Revenue from operations in Q3 FY26 stood at INR 2.81 billion, while EBITDA rose 65 percent year-on-year to INR 610 million. Profit after tax increased 74 percent to INR 330 million. EBITDA margin for the quarter was 21.5 percent.
“We delivered a 35% year-on-year growth in Q3 revenues and with a small improvement over the Q2 FY26,” said Gurdeep Soni, Chairman and Managing Director of Uniparts India Limited.
For the nine months ended 31 December 2025, revenue reached INR 8.315 billion, up 17 percent year-on-year. Operating cash flow stood at INR 1.22 billion, and the company reported a net cash position of INR 1.53 billion as of 31 December 2025.
Warehouse-led sales accounted for over 50 percent of revenue in the first nine months of FY26. Management described the shift as structural rather than demand-driven. “It is structural and not cyclical,” said Tanushree Bagrodia, Director and Group Chief Executive Officer.
Uniparts reported new business awards of approximately INR 2.0 billion in annualised potential over the trailing 12 months, with wins across the United States, Europe, India and Asia spanning small agriculture, large agriculture and construction segments. Management said 9 percent to 10 percent of the nine-month growth came from new business.
On profitability, the company reiterated its margin expectations. “We remain very confident to be delivering a 20% EBITDA,” Bagrodia said, adding that operating leverage had supported margin expansion in recent quarters.
During Q3 FY26, Uniparts declared a special dividend of INR 1.01 billion, taking total dividend distributed up to 31 December 2025 to INR 1.39 billion. A second interim dividend of INR 7 per share was also announced.
Capital expenditure during the quarter was INR 50 million, with annual capex maintained at 2.5 percent to 3 percent of revenue. Management said existing capacity can support revenue up to approximately INR 14.0 billion to INR 15.0 billion while sustaining a 20 percent EBITDA margin.
The company also confirmed that its Mexico warehouse became operational in October 2025 to strengthen its near-shoring footprint in North America.
Uniparts India Limited manufactures engineered systems and solutions for the off-highway equipment sector, serving agriculture, construction, forestry and mining equipment manufacturers across multiple geographies.
