Unaudited Financial Results for the quarter ended on 31st December, 2025 along with Limited Review Report thereon.
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Kush Industries (formerly SNS Textiles) reported zero revenue from operations for the third consecutive quarter, with total income of just Rs. 0.89 lakh in Q3 FY26 versus Rs. 4.54 lakh in Q3 FY25. The company posted a net loss of Rs. 2.73 lakh in Q3 FY26, compared to a small profit of Rs. 0.82 lakh in Q3 FY25. For the nine-month period, losses widened to Rs. 7.51 lakh from Rs. 4.15 lakh a year ago. The balance sheet shows deeply negative reserves of Rs. (2,209.41) lakh against equity capital of Rs. 1,484.68 lakh, indicating a negative net worth. The auditor (P S S P & Co) issued an unqualified limited review report with no qualifications.
The company appears to have essentially ceased its core operations with nil revenue from operations and persistent losses, while accumulated losses have wiped out shareholder equity. This is a significant red flag for shareholders — the stock is effectively a non-operating shell with negative net worth, carrying high risk despite the clean auditor opinion.