Rubicon Research Limited Q3 FY26 results deck summary

NSE: RUBICON · BSE: 544578

Results deck of 3 Feb 2026, summarised by AI from the filing.

Q3 FY26 revenue ₹4,755 mn, up 51.7% YoY, with Operating EBITDA margin at 22.7% and GM% down to 66.5% on outsourced manufacturing.

Revenue Q3 FY26 revenue ₹4,755 mn, up 51.7% from ₹3,134 mn in Q3 FY25.
Margin guidance Operating EBITDA margin expected to sustain in 22-23% range even if reliance on outsourced manufacturing rises.
Gross margin GM% dropped to 66.5% in Q3 FY26 due to larger reliance on outsourced manufacturing.
Growth driver Broad-based revenue growth with stable pricing from specialty / differentiated products; USD revenue $53 mn, up 46% YoY.
Risk Larger than anticipated reliance on outsourced manufacturing could bring GM% further down.

Rubicon Research Limited Q1 FY27 results

As filed: Revenue ₹428 cr, EBITDA ₹125 cr, PAT ₹82.5 cr, EBITDA margin 29.2%.

Not scored. No result for the same quarter last year.

Q4 FY26: Revenue ₹514 cr, EBITDA ₹119 cr, PAT ₹76.8 cr, EBITDA margin 23.1%. Not scored. No consolidated results for the same quarter last year to compare yet (consolidated revenue ₹514 cr). Scored once a year-earlier consolidated quarter exists. Share price after the results: +40.9% in 27 days (Nifty 500: +2.0%).
Q3 FY26: Revenue ₹476 cr, EBITDA ₹108 cr, PAT ₹72.8 cr, EBITDA margin 22.7%. Not scored. No consolidated results for the same quarter last year to compare yet (consolidated revenue ₹476 cr). Scored once a year-earlier consolidated quarter exists. Share price after the results: +4.1% in 30 days (Nifty 500: −3.2%).
Q2 FY26: Revenue ₹336 cr, EBITDA ₹79.0 cr, PAT ₹46.0 cr, EBITDA margin 23.5%. Not scored. No result for the same quarter last year. Share price after the results: −2.8% in 29 days (Nifty 500: −0.4%).

Past price moves after results do not indicate future moves. Not a recommendation.

Figures from the company's filings with NSE and BSE. Not investment advice.