Kritika Wires Limited has submitted to the Exchange, the financial results for the period ended September 30, 2025.
KRITIKA · price
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Kritika Wires Limited has submitted its unaudited financial results for the quarter and half year ended September 30, 2025. Revenue from operations for Q2 FY26 stood at approximately Rs. 17,791 lakhs, with total income for H1 FY26 at Rs. 35,799 lakhs. Core profitability came under pressure — profit before exceptional items and tax for the quarter turned negative at around Rs. -805 lakhs, indicating weak operating performance. The company booked exceptional items of Rs. 184.51 lakhs in Q2 and Rs. 152.13 lakhs in H1, related to a 75% provision on disputed entry tax liability of Rs. 250.07 lakhs under the West Bengal Sales Tax (Settlement of Dispute) Amendment Act, 2025. EPS for H1 FY26 dropped sharply to Rs. 0.09 from Rs. 0.38 in H1 FY25. Statutory auditor G.P. Agrawal & Co. issued an unqualified review report with no qualifications or emphasis of matter. The company continues to operate in a single segment of manufacturing and supplying industrial steel wires and galvanized wires.
Earnings have weakened significantly with core operations in Q2 showing a loss before one-time adjustments, and the EPS falling ~76% year-on-year for the half year. The exceptional entry tax provision is a one-off, but shareholders should monitor whether core margins recover in H2 FY26.