Un-audited Financial Results (Standalone and Consolidated) for the Quarter and Nine Months ended 31.12.2025 has been reviewed by the Audit Committee and then approved by the Board of Directors ....
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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, driven by higher interest income (Rs. 523.70 lakhs vs Rs. 438.13 lakhs). Net profit for the quarter fell to Rs. 76.79 lakhs from Rs. 118.75 lakhs last year due to higher finance costs (Rs. 460.86 lakhs). For the nine months ended December 2025, total income dipped to Rs. 1,465.62 lakhs from Rs. 1,540.04 lakhs, but net profit surged sharply to Rs. 190.39 lakhs from Rs. 32.57 lakhs, aided by a lower base. The company also reversed Rs. 6,437.14 lakhs of previously recognised share of losses from its associate Sushree Trading against retained earnings, as accumulated losses had exceeded the investment value. Statutory auditor VRSK & Co. LLP issued an unmodified limited review opinion on both results.
Short-term quarterly profit dipped, but the sharp jump in nine-month PAT and the clean auditor opinion are positives for shareholders. The reversal of associate losses is a notable accounting adjustment that affects retained earnings rather than current period profit.