EMSLIMITED EMS Q3 FY26 results (Oct–Dec 2025) and concall
EMS reported a challenging Q3 FY26 with results significantly below expectations, primarily due to project delays caused by natural disasters in Uttarakhand and the design phase of new large orders. Despite the setback, management expressed confidence in a strong recovery in Q4 FY26 and Q1 FY27, driven by an aggressive bidding pipeline of ₹4,000 crores and an expected order book growth to ₹3,000 crores. The company also addressed concerns regarding promoter pledging, detailing a reduction plan, and highlighted a new factory acquisition contributing to profitability.
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What they filed
Q3 FY26: revenue down 18.4%, net profit down 62.7% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 |
|---|---|---|---|---|---|---|
| Revenue | 233 | 245 | 270 | 239 | 173 −26% | 200 −18% |
| EBITDA | 69 | 71 | 65 | 54 | 37 −46% | 31 −56% |
| Net profit | 50 | 51 | 47 | 38 | 28 −44% | 19 −63% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.





