Artson gets INR132M order

Artson gets INR132M order

Artson Secures INR11.09 Crore Order from Tata Projects, Amid Q3 Loss

Artson announced an amended purchase order from Tata Projects Limited, valued at INR11.09 crore (including taxes), following a revision that increased the contract value by INR4.62 crore. The order, executed as a domestic item-rate contract for the supply of finished structures, is slated for completion within four months. The original agreement, dated November 24, 2025, was amended on February 17, 2026.

The transaction qualifies as a related-party deal, given TPL’s status as Artson’s promoter and holding company. However, the company emphasized that terms were finalized at arm’s-length pricing and conducted in the ordinary course of business.

Despite securing the order, Artson reported a standalone net loss of INR12.22 crore in Q3 FY26, contrasting with a net profit of INR6.38 crore in the same period of FY25. The loss occurred against a backdrop of robust revenue growth, with operating income surging 79.4% year-on-year to INR31.96 crore in Q3 FY26. The company's stock rose 1.42% to INR138.85 following the announcement.

Artson operates exclusively in the segment of supplying equipment, steel structures, and site services for mechanical works. While the order provides a near-term revenue boost, investors may scrutinize its impact on mitigating the company’s Q3 loss and broader fiscal 2026 performance.

(https://www.capitalmarket.com/markets/news/live-news/artson-gains-after-bagging-purchase-order-from-tata-projects/1678464): Capital Market, Business Standard
(https://www.business-standard.com/markets/capital-market-news/artson-gains-after-bagging-purchase-order-from-tata-projects-126021800401_1.html): Business Standard
(https://www.capitalmarket.com/markets/news/live-news/artson-gains-after-bagging-purchase-order-from-tata-projects/1678464): Capital Market