Q3-FY26 · Guruprasad Soni
We delivered a 35% year-on-year growth in quarter 3 revenues with a small improvement over the quarter 2 FY26 and despite Q3 typically being this seasonally weakest quarter of the year.
UNIPARTS / language trends
Read confidence between the lines.
Uniparts India · tone and specificity signals across the available quarters.
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Language signals
What changed in management language.
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Q3-FY26 · Guruprasad Soni
Warehoused sales now account for over 50% of revenues in the first 9 months of FY26, which is where we create the highest value for our customers through agility, resilience, and proximity. These are capabilities that are not easily replicable.
Q3-FY26 · Tanushi Bagrodia
This reinforces our confidence that a 20% EBITDA margin profile is sustainable over the cycle. We remain committed to closing the full year with mid-teens growth.
Q4-FY26 · Gaurav Sondhi
The final quarter of FY26 provided further evidence that the global agriculture and construction equipment cycle is turning. Order books strengthened sequentially compared to the quarter 3 FY26.
Q4-FY26 · Tanoshi Bagodia
Operating leverage is now clearly visible at the full year level as the volumes have now started to increase. We have said consistently that 20% EBITDA is sustainable over the cycle and as volumes build through FY27 we expect to operate comfortably above that level.
Q4-FY26 · Tanoshi Bagodia
The company is P&L neutral as far as tariffs are concerned. When we look at Q4, our material cost of 35% has now come back to where we've always said our normal material cost should be in the range of 34 to 37%.