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Earnings · Rubber Products · Small cap

Pix Transmissions profit slips 13% as margins shrink

Revenue dropped 4.6% to ₹530.16 crore, while the company kept its final dividend at ₹9 per share.

1 earlier story on Pix Transmissions Ltd.
Mkt cap₹2,447 cr
P/E22.90×
ROE18.94%
Debt / eq.0.06
Div yld0.56%
₹92.08 cr Consolidated net profit for FY26.

What's new

  • Revenue fell 4.6% to ₹530.16 crore for the full year.
  • Net profit dropped 12.6% to ₹92.08 crore.
  • The board declared a final dividend of ₹9 per share.

Why this matters

Profit fell faster than revenue, signalling that rising costs squeezed the company's margins throughout the year. The dividend payout is the only constant.

What we're watching

  • Evidence of margin recovery in future quarters.
  • Cost control efforts in the next operating cycle.
  • Signs of top-line stabilization.

The full read

Pix Transmissions closed FY26 with a net profit of ₹92.08 crore, a 12.6% slide from the year before. Revenue also retreated, falling 4.6% to ₹530.16 crore. Profit dropped significantly faster than sales. This confirms margin compression remained the primary headwind for the period. The company kept its final dividend at ₹9 per share, matching the previous year. These results were anticipated. Nothing here changes the outlook or adds surprise elements. The numbers are purely backward-looking. The next test is whether the company can stabilize its margins when costs have clearly outpaced its ability to earn.

Mentioned: Pix Transmissions
Primary source BSE · NSE · Tijori

An independent reading of the company's own disclosure — the primary filing above is the final word.

Company snapshot

Pix Transmissions Ltd.

Chemicals
₹2,199 cr
P/E 20.58×

Latest quarter · Mar 2026

Sales₹171 cr
Net profit₹20 cr
Op. margin+18.1%
EPS₹14.84

Strength & growth

Debt / equity0.06×
Current ratio6.60×
Sales CAGR+10.4%
EPS CAGR+12.8%
  1. 22 May 2026 · 6:29 PM IST Pix Transmissions profit slips 13% as margins shrink
  2. 51d ago Pix Transmissions profit drops 13% as margins compress in FY26