We submit herewith Un-audited Financial Results (Standalone and Consolidated) for the First Quarter ended 30th June, 2025 duly approved at the Board Meeting held on 8th August, 2025 along ....
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Meenakshi Steel Industries filed its unaudited Q1 FY26 results (quarter ended 30 June 2025) for both standalone and consolidated bases. Despite the name, the company is primarily engaged in finance and investment activities, with revenue coming mainly from interest income. Total income fell about 27% YoY to Rs. 401.34 lakhs (from Rs. 552.03 lakhs in Q1 FY25), dragged by lower interest income (Rs. 396.29 lakhs vs Rs. 544.50 lakhs). However, finance costs also dropped sharply, lifting Profit Before Tax to Rs. 75.77 lakhs (up ~21% YoY) and Net Profit After Tax to Rs. 54.27 lakhs (up ~11% YoY). Basic EPS improved to Rs. 4.27 from Rs. 3.58. The statutory auditor issued an unmodified limited review opinion. A notable item in the consolidated numbers: Rs. 6,437.14 lakhs of an associate's share of losses recognised in earlier years (which had exceeded the investment's carrying value) has now been reversed against retained earnings; the current-quarter share of associate loss of Rs. 70.62 lakhs has similarly not been recognised.
Revenue shrank, but better cost control improved margins and lifted profit, which is mildly positive for shareholders. The large reversal of past associate losses is a balance-sheet reclassification rather than a cash event — it boosts reported reserves but does not change the underlying business performance.