In pursuant to Regulation 33 of SEBI(Listing Obligations and Disclosure Requirements) Regulations, 2015 we submit herewith Audited Financial Results (Standalone and Consolidated) for 4th ....
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Meenakshi Steel Industries reported FY26 standalone net profit of Rs. 136.70 Lakhs, up 62.5% from Rs. 84.12 Lakhs in FY25. Consolidated net profit (including associate share) grew 76% to Rs. 142.91 Lakhs. Revenue from operations increased marginally by 2.7% to Rs. 1,824.25 Lakhs. The company is primarily engaged in finance and investment activities. Borrowings nearly doubled from Rs. 10,600 Lakhs to Rs. 17,500 Lakhs, while finance costs rose to Rs. 1,665.84 Lakhs. The auditors issued an unmodified (clean) opinion with no going concern issues raised. The debt-to-equity ratio increased significantly from 0.73 to 1.21, indicating higher financial leverage.
Positive profit growth despite modest revenue increase, but sharply higher borrowings and finance costs raise concerns about financial risk. The stock may see mixed reaction as profitability improves but leverage increases.