Ashish Kacholia stock skyrockets 14% after EBITDA grew over 2,900% in Q3

Synopsis: Walchandnagar Industries jumped sharply after its revenue jumped 37% YoY to Rs 80.95 crore, where EBITDA soared by a staggering 2,910% over the previous quarter and reported a profit of Rs 4.66 crore in Q3 FY26, marking a steep turnaround from losses earlier.

The shares of this company, engaged in the Heavy engineering and Foundry & Machine Shop business, are in focus after the company reported robust financial performance in the latest quarter of its financial year. In this article, we will look more into the highlights of its performance.

As of Q3 FY26, Ashish Kacholia holds a 2.06 percent stake in the company, which gradually reduced from a peak of 3.17 percent in Q4 FY24. With a market capitalisation of Rs 1,292 crore, the shares of Walchandnagar Industries Ltd reached a day-high of Rs 196.10 per share, up nearly 14 percent from its previous day’s closing price of Rs 172.75 per share. Over the past five years, the stock has delivered a robust  217 percent return, outperforming NIFTY 50’s return of 86 percent.

Q3 Highlights

The revenue from operations for Walchandnagar Industries stands at Rs 80.95 crores in Q3 FY26 compared to Q3 FY25 revenue of Rs 59.07 crores, up by 37 per cent YoY. Additionally, on a QoQ basis, it reported a robust growth of 56 percent from Rs 51.78 crore. 

Also, EBITDA stood at Rs 18.36 crore in Q3 FY26, a robust turnover from a negative EBITDA of Rs 2.36 crore in Q3 FY25. Additionally, on a QoQ basis, it reported a staggering growth of 2,910 percent from just an EBITDA of Rs 61 lakh. Also, coming to the margins front, EBITDA margins increased by a staggering 2,150 bps QoQ, reaching 22.7 percent in Q3 FY26.

Coming down to its profitability, the company’s net profit stood at Rs 4.66 crore in Q3 FY26, which is a staggering turnaround as compared to a loss of Rs 17.13 crore in Q3 FY25 and a loss of Rs 11.90 crore in Q2 FY26.

Commenting to it robust Q3 results, the management cited that the December quarter should be seen as a pivot, not a peak. With operating leverage now established, margins firmly back in positive territory, cost structures stabilised, execution momentum improving quarter-on-quarter, the company is well-positioned to deliver consistent profitability and improving returns going forward. These changes are now embedded into the operating rhythm of the organisation.

Walchandnagar Industries Limited (WIL) has a history spanning more than a century, and that legacy is evident in everything they do. They are an Indian engineering company operating in nuclear power, aerospace, defence, missiles, oil & gas, and power generation, serving clients not only in India but globally.

The company have contributed crucial components for nuclear reactors, ISRO’s rocket launches, and landmark missions like Chandrayaan and Mangalyaan. Defence and naval systems are part of their portfolio as well. On top of that, they achieved milestones such as India’s first indigenously built sugar plant, along with significant cement and waste-to-energy projects. 

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