Kundan Minerals and Metals Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
Awaiting price reaction for this filing.
The Board approved unaudited financial results for Q1 FY26 (quarter ended June 30, 2025) along with the Limited Review Report from statutory auditor Ashwani & Associates, which is clean and unqualified. On a consolidated basis, revenue from operations jumped to Rs 15,114.39 lakhs from Rs 210.06 lakhs in the year-ago quarter, with profit after tax swinging to Rs 528.19 lakhs from a loss of Rs 125.63 lakhs; EPS stood at Rs 0.87 versus (Rs 0.21) earlier. The standalone entity remains a shell with negligible operations (PAT of Rs 97.75 lakhs driven mainly by other income), as the real business sits in the newly consolidated subsidiary Kundan Concentrates (acquired via a common-control transaction from related party Kundan Refinery in January 2025). The Board also fixed the AGM for September 22, 2025, appointed M/s Bhambri & Associates as Secretarial Auditor for a five-year term, and approved reclassification of promoters pursuant to a 2023 NCLT order. A proposal to acquire a new mining entity in Ethiopia (more than 90% stake) was also noted, pending FEMA approvals.
The dramatic jump in consolidated revenue and the swing to profit is largely the result of the recent common-control acquisition rather than pure organic growth, so investors should read the YoY numbers with that caveat. A clean limited review, the long-term secretarial auditor appointment, and the Ethiopia expansion signal governance and growth intent, though the offshore acquisition adds execution and regulatory risk.