We submit the Audited Financial Results for the quarter and the year ended 31 March 2026, together with the Auditor''s Report.
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Kanishk Steel Industries reported total revenue of Rs 40,657 Lakhs for FY26, up 13% from Rs 36,001 Lakhs in FY25. However, profitability declined sharply with Net Profit after Tax falling to Rs 510 Lakhs from Rs 832 Lakhs in the prior year - a 39% decline. Earnings per share dropped to Rs 1.78 from Rs 2.93. The company also saw other income plummet to Rs 167 Lakhs from Rs 1,163 Lakhs, a significant decline. The Q4 quarter showed a net profit of Rs 125 Lakhs compared to a loss of Rs 161 Lakhs in Q4 FY25, indicating a turnaround. The company took an exceptional charge of Rs 8.96 Lakhs due to new labor code provisions.
The 39% decline in net profit despite 13% revenue growth signals margin compression and cost pressures. Shareholders should note the significant reduction in other income and higher finance costs impacting bottom-line performance.