Pursuant to Regulation 33 of SEBI (LODR) Regulations, 2015 we submit herewith Un-audited Financial Results (Standalone and Consolidated) for the Quarter and Nine Months ended 31.12.2025 ....
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Meenakshi Steel Industries, a finance and investment company, reported Q3 FY26 standalone total income of Rs 582.20 lakhs, up about 15% from Rs 504.46 lakhs in Q3 FY25, mainly driven by interest income of Rs 523.70 lakhs. Standalone net profit for the quarter was Rs 76.79 lakhs (vs Rs 118.75 lakhs YoY), but for the nine months, PAT jumped sharply to Rs 190.39 lakhs from Rs 32.57 lakhs, a roughly 485% rise, aided by sharply lower finance costs and other expenses. Total comprehensive income for 9M remained negative at Rs -138.43 lakhs due to fair-value losses on investments recorded in OCI. Statutory auditor VRSK & Co. LLP (formerly VRSK & Co. / Vijay R. Tater & Co.) issued an unmodified limited review opinion on both standalone and consolidated results.
The sharp 9M PAT recovery may lift sentiment in the near term, but the negative comprehensive income from investment markdowns and the reversal of Rs 26,437.10 lakhs of associate losses against retained earnings highlight weak earnings quality. Shareholders should treat the headline PAT jump with caution given the small base and volatile, investment-driven results.