Igarashi Motors Share Price Falls Nearly 5% After Weak Q3 FY26 Results

Igarashi Motors share price fell nearly 5% on Wednesday after the company reported a sharp decline in profitability for the December quarter (Q3 FY26).

The stock was trading at ₹392.50, down 4.73% on the NSE as of 1:55 PM. It also touched an intraday low of ₹382.55 soon after the earnings were announced.

Igarshi Motors Q3 FY26 Profit Drops 32.7% Year-On-Year

For Q3 FY26, Igarashi Motors reported a net profit of ₹3.5 crore, which was a 32.7% decline compared to ₹5.2 crore in the same quarter last year.

This fall in profit came even though the company posted modest growth in revenue. The numbers indicate that profitability was impacted mainly due to weaker operating performance during the quarter.

Revenue Shows Modest Growth

Revenue for the quarter increased 2.5% year-on-year to ₹216 crore, compared with ₹210.8 crore in the year-ago period.

This suggests the company was able to maintain demand and sales momentum, but the gains were not strong enough to protect margins.

EBITDA Declines And Margins Shrink

Operating performance remained under pressure. The company’s EBITDA fell 14.8% to ₹20.2 crore, compared to ₹23.7 crore last year.

As a result, the EBITDA margin contracted to 9.4%, down from 11.3% in the corresponding quarter last year.

This gap between revenue growth and falling profits highlights that higher costs or weaker pricing likely affected the company’s earnings.

About Igarashi Motors India

Igarashi Motors India Ltd is engaged in the manufacture of small electric motors, mainly used in the automotive sector. Its products are used in applications such as power windows, power seats, and other vehicle systems. 

Read more: United Breweries Q3 FY26 Earnings Results Out: Gross Profit Margin Breaks 3-Year Record.

Conclusion

Igarashi Motors delivered a mixed Q3 FY26 performance, with revenue rising slightly but profits falling sharply due to margin pressure. The stock reaction reflects investor concern about declining profitability and weakening operating spreads.

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