Kundan Minerals and Metals Limited has informed the Exchange regarding Board meeting held on August 13, 2025.
Awaiting price reaction for this filing.
The Board approved unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). On a standalone basis, revenue from operations surged to ₹2,65,872.05 lakhs (compared to negligible revenue in Q1 FY25), with profit after tax of ₹97.75 lakhs versus a loss of ₹14.30 lakhs in Q1 FY25, giving EPS of ₹0.16. Consolidated revenue was ₹15,114.39 lakhs (up from ₹210.06 lakhs YoY) with consolidated PAT of ₹528.19 lakhs. The company also set September 22, 2025 as the AGM date, appointed M/s Bhambri & Associates as Secretarial Auditors for 5 years (FY26–FY30), approved promoter reclassification as per NCLT Kolkata order dated October 4, 2023, and disclosed plans to acquire more than 90% stake in a new mining entity to be incorporated in Ethiopia. The huge jump in standalone revenue reflects the consolidation of wholly-owned subsidiary Kundan Concentrates Pvt Ltd, acquired in January 2025.
Shareholders will see a sharp turnaround in profitability driven by the recently acquired subsidiary's contribution, supporting near-term earnings momentum. The proposed Ethiopian mining expansion signals growth ambitions beyond the domestic precious metals business, while the promoter reclassification aligns the shareholding structure with the NCLT order.