Subros Ltd
Subros Q3 FY26 earnings call: Revenue & Margins
Q3 FY26 earnings call: what management said on revenue, margins and capex.
The short version
Subros expects robust growth in both passenger vehicle (PV) and commercial vehicle (CV) segments, with a 15.43% revenue growth in Q3 FY 2025-26 and a 10% growth over 9 months, outperforming the industry. Market is currently bullish; Subros is aligning to market expectations.
From Subros Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Subros expects robust growth in both passenger vehicle (PV) and commercial vehicle (CV) segments, with a 15.43% revenue growth in Q3 FY 2025-26 and a 10% growth over 9 months, outperforming the industry.
- Truck AC segment witnessed a strong recovery post-mandatory AC implementation in N2 and N3 categories, achieving 136% growth in Q3 and 92% growth over 9 months.
- Expansion includes new customers in truck segment like Daimler and Ashok Leyland and growth in railway AC and driver cabin segments.
- The company is increasing its business with Mahindra across ICE and EV platforms and securing new platforms to start SOP from next year.
- Localization of e-compressor production starting with initial capacity of 400,000 units by Dec 2027 is expected to boost electric/hybrid vehicle component sales.
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Profitability & Margins
Read what Subros Ltd said on margins in the Q3 FY26 call
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Capital Expenditure Plans
- Subros is setting up a new e-compressor manufacturing facility at its Karsanpura plant (Plant 2) with an initial capacity of 400,000 units.
- Phase 1 investment for this facility is around INR 175 crores, with further investments planned for backward integration as business progresses.
- The e-compressor plant is scheduled for construction completion by end of calendar year 2026 with SOP by December 2027.
- A new capacity of 0.5 million fixed displacement compressors will also be set up in Gujarat (Karsanpura) to complement the existing Noida plant and serve as a de-risking measure for OEMs.
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Order Book & Pipeline
See what Subros Ltd said on order book & pipeline — free account, 30 seconds.
Subros Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹1.1K Cr, net profit ₹49 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Subros Ltd's management said in earlier quarters
- Q1 FY27 earnings call analysis →
- Q4 FY26 earnings call analysis →
- Q1 FY26 earnings call analysis →
- Q4 FY25 earnings call analysis →
- Q2 FY26 earnings call →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q4 FY23 earnings call →
- Q3 FY23 earnings call →
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Frequently Asked Questions
What were Subros Ltd Q3 FY26 results?
Subros expects robust growth in both passenger vehicle (PV) and commercial vehicle (CV) segments, with a 15.43% revenue growth in Q3 FY 2025-26 and a 10% growth over 9 months, outperforming the industry. Market is currently bullish; Subros is aligning to market expectations.
What is Subros Ltd share price analysis?
Subros Ltd currently shows a neutral. The stock trades at a P/E of 31.6 with a market cap of ₹5,411 Cr. Investors should review the full earnings analysis for detailed insights.
Is Subros Ltd planning capital expenditure?
Subros is setting up a new e-compressor manufacturing facility at its Karsanpura plant (Plant 2) with an initial capacity of 400,000 units.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.