Subros Limited reported consolidated revenue of Rs 947.6 crore in Q3 FY26, up 15.4% year-on-year, with net profit rising 5% to Rs 347.5 million despite margin pressures. The company also announced major capacity expansions at its Gujarat plant, targeting both electric and ICE compressors to meet rising demand.
Auto air-conditioning systems maker Subros Limited has posted steady growth in its Q3 FY26 results, supported by strong OEM demand and strategic expansion plans.
Financial Performance
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Revenue from operations stood at Rs 947.6 crore, compared to Rs 820.9 crore in Q3 FY25
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Net profit rose to Rs 347.5 million, a 5% increase year-on-year
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EBITDA improved to Rs 81.5 crore, up 5.2% YoY
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Total expenses climbed to Rs 900.7 crore, driven by higher raw material and employee costs
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Depreciation and amortisation expenses were Rs 31.6 crore, while finance costs remained stable at Rs 2.8 crore
Alongside its financial results, Subros has unveiled ambitious capacity expansion initiatives at its Karsanpura plant in Gujarat. The move underscores the company’s commitment to strengthening its product portfolio, meeting rising customer demand, and positioning itself for growth in both electric and ICE compressor segments.
Strategic Expansion At Karsanpura, Gujarat:
Electric-Compressor:
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Existing capacity Nil
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Proposed capacity addition 400,000 units per year
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Timeline Within 21 months in phases
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Investment Rs 175 crore (approx.)
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Financing Debt (75%) and internal accruals (25%)
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Rationale New business award for local electric compressor
ICE-Compressor:
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Existing capacity 1.8 million units per year
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Current utilisation 87%
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Proposed capacity addition 500,000 units per year
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Timeline Within 24 months in phases
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Investment Rs 90 crore (approx.)
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Financing Internal accruals
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Rationale Customer demand and risk mitigation
Electric-Compressor:
Existing capacity Nil
Proposed capacity addition 400,000 units per year
Timeline Within 21 months in phases
Investment Rs 175 crore (approx.)
Financing Debt (75%) and internal accruals (25%)
Rationale New business award for local electric compressor
ICE-Compressor:
Existing capacity 1.8 million units per year
Current utilisation 87%
Proposed capacity addition 500,000 units per year
Timeline Within 24 months in phases
Investment Rs 90 crore (approx.)
Financing Internal accruals
Rationale Customer demand and risk mitigation
Sources: CNBC-TV18, Subros Investor Presentation, Subros Limited official filings
