Hikal Ltd shares surged sharply in early trade on February 12, 2026, rallying over 10% after the company announced its Q3 results. The strong price action came despite the company reporting a net loss for the quarter, as investors focused on healthy growth in revenue and operating performance.
As of 9:42 AM IST, the stock was trading near the day’s high after opening at Rs 197.00 compared to the previous close of Rs 190.68. During the session, the stock touched an intraday high of Rs 212.86 and a low of Rs 194.47. The sharp move reflects renewed investor interest following improved operational numbers.
On a consolidated year-on-year (YoY) basis, Hikal reported revenue of Rs 494 crore, marking a 10.4% increase compared to Rs 448 crore in the same quarter last year. The growth was supported by improved performance across its business segments.
EBITDA for the quarter rose 14.7% to Rs 82.7 crore versus Rs 72.1 crore in the year-ago period. EBITDA margin expanded by 60 basis points to 16.7%, compared to 16.1% last year, indicating better cost efficiencies and operating leverage.
However, the company reported a consolidated net loss of Rs 5.9 crore for the quarter, compared to a net profit of Rs 17.2 crore in the corresponding period last year. The decline at the bottom line level weighed on overall profitability, even as operating metrics remained strong.
From a technical perspective, the stock remains significantly below its 52-week high of Rs 456.75, while staying above its 52-week low of Rs 177.35.