Outcome of Board Meeting for approval of Unaudited Financial Result for Quarter ended 31st December, 2025
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Kanel Industries Ltd's board approved unaudited standalone financial results for Q3 FY26 (quarter ended 31 December 2025). The company reported zero revenue from operations and a loss after tax of Rs 9.13 lakhs for the quarter, against a loss of Rs 1.74 lakhs in the year-ago quarter. Total revenue for the quarter stood at Rs 2.83 lakhs (entirely from other income), while total expenses were Rs 7.85 lakhs. For the nine months ended December 2025, total revenue was Rs 2.93 lakhs against expenses of Rs 44.56 lakhs, resulting in a loss of Rs 50.42 lakhs, compared to a loss of Rs 2.77 lakhs in the corresponding period last year. Basic and diluted EPS for the quarter stood at Re (0.06). Statutory auditors N.S. Nanavati & Co. issued an unqualified limited review report with no observations.
The company continues to post losses with no operating revenue, which is a negative signal for shareholders and may keep the stock under pressure. However, the clean limited review report and absence of any auditor qualifications provide some comfort on the quality of reported numbers.