Virtuoso Optoelectronics reported strong improvement in Q3 FY26. Revenue stood at ₹205 crore, almost double sequentially and up 36% year on year. EBITDA was ₹23 crore with margin above 11%. PBT came at ₹10.5 crore with 5.1% margin and PAT was above ₹7 crore with 3.4% margin. Management attributed the improvement to better product mix and higher contribution from refrigeration, compressors, EMS and components beyond air conditioners.
For 9M FY26, revenue was ₹505 crore with EBITDA of ₹55 crore at around 11% margin. PAT stood at ₹10.3 crore.
FY26 revenue guidance is maintained at ₹800–900 crore with net margin guidance of 2.5%–3% and structural EBITDA margin of 9%–10%. Q4 is expected to remain strong due to peak AC season.
Compressor capacity is 2.8 million units with 50–60% utilization and FY27 revenue guidance of ₹200 crore. EMS capacity is set to double by Q1 FY27. FY26 capex is revised to ₹130–150 crore. Management continues to focus on diversification and reducing AC dependency to 60–65% of revenue next year.
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