Company’s board has recommended the reappointment of Sudhir Jatia as the Managing Director for a further term of five years
Marking an improvement in its performance, Safari Industries has posted a consolidated net profit of Rs 32.89 crore in the third quarter of the current financial year. The net profit stood at Rs 31.14 crore in Q3FY25.
The financial results of the company revealed that the revenue from operations in the recently concluded quarter was Rs 512.37 crore, as compared to Rs 442.71 crore. The company’s total income also rose to Rs 518.47 crore in Q3FY26 from Rs 449.88 crore in the corresponding period of the previous financial year.
The Board of Directors considered and recommended the reappointment of Sudhir Jatia as the Managing Director of the company for a further term of five years, from 18 April 2026 to 17 April 2031. The said reappointment is subject to the approval of the members of the company.
Subject to approval of the members, the board has approved fund raising by issue of equity shares of face value of Rs 2 each through Qualified Institutions Placement (QIP), for an aggregate amount not exceeding Rs 500 crore.
The company’s total expenses also rose to Rs 476.73 crore in Q3FY26 from Rs 409.09 crore in Q3FY25. The net profit of the company for the nine months of the current financial year (9MFY26) stood at Rs 130.32 crore, an uptick from Rs 105.21 crore in 9MFY25. During the same period, the company’s revenue also increased to Rs 1,573.75 crore from Rs 1,350.52 crore.
