The Board of Directors at the Meeting held on 11/02/2026 has considered and approved the unaudited financial results for the quarter and nine months ended 31/12/2025
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Kanishk Steel Industries reported its Q3 FY26 (quarter ended 31 Dec 2025) unaudited results. Total revenue stood at Rs 9,691.72 lakhs versus Rs 9,720.36 lakhs in Q3 FY25. Income from operations was Rs 9,627 lakhs (up ~9.3% YoY from Rs 8,806.82 lakhs). Profit after tax for the quarter was Rs 218.77 lakhs versus Rs 902.40 lakhs in Q3 FY25. For the nine months ended Dec 2025, operating income rose to Rs 29,240.13 lakhs (up ~11.8% from Rs 26,143.73 lakhs), while nine-month PAT fell to Rs 384.90 lakhs from Rs 992.70 lakhs. Nine-month basic EPS was Rs 2.93. The decline in bottom-line is mostly because the prior year had unusually high 'other income' (Rs 1,124.37 lakhs for 9M FY25 vs Rs 93.89 lakhs now), making the comparison look distorted.
Core operating revenue is growing at a healthy mid-teens pace, suggesting steady demand. However, the sharp drop in reported PAT may worry retail investors at first glance, but it primarily reflects normalization of last year's inflated other income rather than a real decline in the steel business. The auditor gave an unqualified review, so no red flags. Short-term sentiment may be cautious due to weak headline earnings; long-term picture is stable.