We submit herewith Un-audited Standalone and Consolidated Financial Results for the Second Quarter and Half year ended 30th September, 2025 duly approved at the Board Meeting held on Monday, ....
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Meenakshi Steel Industries (primarily a finance and investment company) reported a strong swing to profitability for Q2 FY26, with standalone PAT turning positive at Rs. 59.33 lakhs versus a loss of Rs. 135 lakhs in Q2 FY25. For H1 FY26, standalone PAT improved to Rs. 113.60 lakhs from a loss of Rs. 86.18 lakhs last year. However, interest income for H1 declined about 14% to Rs. 877.28 lakhs (from Rs. 1,018.07 lakhs), and total comprehensive income stayed negative at Rs. (215.10) lakhs due to a Rs. 328.70 lakh fair value mark-down on investments. The auditor (VRSK & Co LLP) issued an unmodified limited review opinion on both standalone and consolidated results.
Short-term, the swing to quarterly profit is a positive signal for shareholders, but the H1 revenue decline, large negative on the investment book (OCI), and a sharp rise in borrowings (from Rs. 10,600 to Rs. 18,100 lakhs standalone) flag concerns about asset quality and growing leverage that could weigh on the stock.