Igarashi Motors Shares Plunge 5% as Q3 Profit Drops 33%, Margins Contract

• Igarashi Motors India Ltd shares fell nearly 5% after reporting a sharp decline in Q3 profitability.
• Net profit for Q3 FY26 declined 32.7% year-on-year to ₹3.5 crore.
• Revenue saw a modest increase of 2.5% to ₹216 crore.
• EBITDA fell 14.8% to ₹20.2 crore, with the EBITDA margin contracting to 9.4% from 11.3%.
• The company manufactures small electric motors for the automotive sector.