We submit herewith Newspaper cutting where Audited Financial Results duly approved at the Board Meeting held on 27.05.2026 is published
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Meenakshi Steel Industries has reported audited financial results for Q4 and FY26. For the full year ended March 2026, total income from operations was Rs. 1,902.50 Lacs, marginally higher than Rs. 1,871.16 Lacs in FY25. Net profit after tax improved significantly to Rs. 136.70 Lacs from Rs. 84.12 Lacs in the prior year, representing a 62.5% increase. Basic and diluted EPS for the year rose to Rs. 6.86 from Rs. 4.22. However, Q4 FY26 showed a concerning reversal, with the company reporting a net loss of Rs. 53.69 Lacs after tax on total income of Rs. 436.88 Lacs. Total comprehensive income for the year turned negative at Rs. (240.62) Lacs due to significant other comprehensive income losses, while reserves decreased slightly from Rs. 14,520.85 Lacs to Rs. 14,280.23 Lacs. The results were approved at the Board meeting held on May 27, 2026.
While FY26 annual profitability improved substantially, the Q4 loss and negative comprehensive income raise concerns about operational stability. The significant gap between net profit and total comprehensive income indicates possible mark-to-market losses or other non-operating charges affecting shareholder equity.