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Kanoria Energy & Infrastructure Q4 FY26 results: net profit ₹0.16 crore vs ₹0.27 crore loss, revenue up 12.4%
Kanoria Energy & Infrastructure Ltd reported standalone revenue of ₹75.48 crore for Q4 FY26, up 12.4% from ₹67.13 crore in Q4 FY25. EBITDA rose 229.1% to ₹4.41 crore and the company returned to a net profit of ₹0.16 crore, compared with a net loss of ₹0.27 crore a year earlier. For FY26, revenue fell 9.6% and net profit declined 89.0% from FY25.
Key points
- Q4 FY26 standalone revenue was ₹75.48 crore, up 12.4% from ₹67.13 crore in Q4 FY25 and 35.6% from ₹55.67 crore in Q3 FY26.
- EBITDA was ₹4.41 crore in Q4 FY26, against ₹1.34 crore in Q4 FY25 and ₹4.95 crore in Q3 FY26.
- The EBITDA margin was 5.8% in Q4 FY26, up 3.8 percentage points from 2.0% a year earlier but down 3.1 percentage points from Q3 FY26.
- Kanoria Energy & Infrastructure reported a net profit of ₹0.16 crore in Q4 FY26, versus a net loss of ₹0.27 crore in Q4 FY25 and net profit of ₹0.07 crore in Q3 FY26.
- FY26 revenue was ₹269.78 crore and net profit was ₹0.39 crore, down 9.6% and 89.0% from FY25, respectively.
How did Kanoria Energy & Infrastructure perform in Q4 FY26?
Kanoria Energy & Infrastructure reported standalone revenue of ₹75.48 crore for Q4 FY26, up 12.4% from ₹67.13 crore in Q4 FY25. Against Q3 FY26, revenue rose 35.6% from ₹55.67 crore. EBITDA increased 229.1% year on year to ₹4.41 crore, while the EBITDA margin rose 3.8 percentage points to 5.8% from 2.0%. Sequentially, EBITDA fell 10.9% from ₹4.95 crore and margin declined 3.1 percentage points from 8.9%.
The company reported profit before tax of ₹0.47 crore in Q4 FY26, compared with a loss before tax of ₹0.27 crore in Q4 FY25 and profit before tax of ₹0.28 crore in Q3 FY26. Net profit was ₹0.16 crore, up ₹0.43 crore from the year-ago net loss of ₹0.27 crore and up ₹0.09 crore from Q3 FY26. Basic EPS was ₹0.02, against a loss of ₹0.03 in Q4 FY25 and ₹0.00 in Q3 FY26. These are standalone figures; no consolidated figures were provided.
| ₹ crore | Q4 FY26 | Q3 FY26 | Q4 FY25 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 75.48 | 55.67 | 67.13 | +12.4% | +35.6% |
| Other income | 0.01 | 0 | 2.53 | −99.6% | |
| Total expenses | 75.02 | 55.39 | 69.93 | +7.3% | +35.4% |
| EBITDA | 4.41 | 4.95 | 1.34 | +229.1% | −10.9% |
| EBITDA margin | 5.8% | 8.9% | 2.0% | +3.8 pp | −3.1 pp |
| Profit before tax | 0.47 | 0.28 | −0.27 | turned to profit | +67.9% |
| Tax | 0.31 | 0.21 | 0.01 | +3000.0% | +47.6% |
| Net profit | 0.16 | 0.07 | −0.27 | turned to profit | +128.6% |
| EPS (₹) | 0.02 | 0.00 | −0.03 | turned to profit |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in Kanoria Energy & Infrastructure's costs and profit?
Against Q4 FY25, total expenses rose ₹5.09 crore to ₹75.02 crore. Cost of materials increased ₹7.83 crore to ₹41.92 crore, other expenses rose ₹1.03 crore to ₹20.70 crore and depreciation increased ₹0.38 crore to ₹1.01 crore. Employee cost fell ₹2.04 crore to ₹5.63 crore and finance costs declined ₹0.57 crore to ₹2.94 crore. The filing did not state reasons for these movements.
Other income fell ₹2.52 crore to ₹0.01 crore from ₹2.53 crore in Q4 FY25. Tax was ₹0.31 crore, up ₹0.30 crore from ₹0.01 crore. There was no exceptional item in either quarter. The figures show that the year-on-year improvement in EBITDA and profit occurred despite lower other income and higher taxes.
| ₹ crore | Q4 FY26 | Q4 FY25 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 41.92 | 34.09 | +7.83 | +23.0% |
| Employee cost | 5.63 | 7.67 | −2.04 | −26.6% |
| Finance costs | 2.94 | 3.51 | −0.57 | −16.2% |
| Depreciation | 1.01 | 0.63 | +0.38 | +60.3% |
| Other expenses | 20.70 | 19.67 | +1.03 | +5.2% |
| Total expenses | 75.02 | 69.93 | +5.09 | +7.3% |
| Other income | 0.01 | 2.53 | −2.52 | −99.6% |
| Tax | 0.31 | 0.01 | +0.30 | +3000.0% |
Source: Company's results filing (XBRL).
How did Kanoria Energy & Infrastructure do in FY26 as a whole?
For FY26, Kanoria Energy & Infrastructure reported standalone revenue of ₹269.78 crore, down ₹28.59 crore or 9.6% from ₹298.37 crore in FY25. Total income fell ₹30.88 crore or 10.3% to ₹270.27 crore from ₹301.15 crore. Profit before tax declined ₹4.19 crore or 79.8% to ₹1.06 crore from ₹5.25 crore.
Net profit for FY26 was ₹0.39 crore, down ₹3.17 crore or 89.0% from ₹3.56 crore in FY25. Basic EPS declined 88.1% to ₹0.05 from ₹0.42. The full-year results therefore showed lower revenue, profit before tax and net profit despite a positive profit for the year.
| ₹ crore | FY26 | FY25 | Change |
|---|---|---|---|
| Revenue from operations | 269.78 | 298.37 | −9.6% |
| Profit before tax | 1.06 | 5.25 | −79.8% |
| Net profit | 0.39 | 3.56 | −89.0% |
| EPS (₹) | 0.05 | 0.42 | −88.1% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 31 March 2026, total assets were ₹265.96 crore, compared with ₹265.81 crore at 30 September 2025. Total equity rose to ₹94.02 crore from ₹93.77 crore, while borrowings fell to ₹77.30 crore from ₹103.78 crore. Cash increased to ₹5.37 crore from ₹1.84 crore. Inventories declined to ₹105.63 crore from ₹107.73 crore, while trade receivables rose to ₹22.58 crore from ₹17.82 crore and trade payables increased to ₹27.80 crore from ₹27.37 crore.
FY26 operating cash flow was ₹58.17 crore, up from ₹22.95 crore in FY25. Investing cash flow was an outflow of ₹4.63 crore, compared with an outflow of ₹5.67 crore in FY25, while financing cash flow was an outflow of ₹50.49 crore against an outflow of ₹17.14 crore. Capital expenditure was ₹5.12 crore in FY26, compared with ₹2.34 crore in FY25.
| ₹ crore | As of 31 March 2026 | As of 30 September 2025 |
|---|---|---|
| Total assets | 265.96 | 265.81 |
| Total equity | 94.02 | 93.77 |
| Borrowings | 77.30 | 103.78 |
| Cash and equivalents | 5.37 | 1.84 |
| Inventories | 105.63 | 107.73 |
| Trade receivables | 22.58 | 17.82 |
Source: Company's results filing (XBRL).
| ₹ crore | FY26 | FY25 |
|---|---|---|
| Cash from operations | 58.17 | 22.95 |
| Cash from investing | −4.63 | −5.67 |
| Cash from financing | −50.49 | −17.14 |
| Capital expenditure | 5.12 | 2.34 |
Source: Company's results filing (XBRL).
How has Kanoria Energy & Infrastructure done over the last 8 quarters?
Revenue in the latest four quarters rose from ₹38.99 crore in Q2 FY26 to ₹55.67 crore in Q3 FY26 and ₹75.48 crore in Q4 FY26. Across the full eight-quarter series, revenue peaked at ₹117.14 crore in Q1 FY25 and was lowest at ₹38.99 crore in Q2 FY26. The latest quarter shows continued sequential revenue growth from the low reached in Q2 FY26.
Net profit moved from ₹0.15 crore in Q1 FY26 to ₹0.02 crore in Q2 FY26, then ₹0.07 crore in Q3 FY26 and ₹0.16 crore in Q4 FY26. The lowest quarterly net profit was a loss of ₹0.27 crore in Q4 FY25, while the highest was ₹3.41 crore in Q1 FY25. The EBITDA margin reached 10.1% in Q2 FY25, fell to 2.0% in Q4 FY25 and was 5.8% in Q4 FY26.
What else did the company announce?
The board approved the audited quarterly and full-year results for the year ended 31 March 2026 and the audited financial statements. It recommended a dividend of 1%, or ₹0.05 per share, for FY2025-26, subject to shareholder approval at the ensuing Annual General Meeting, and approved payment of a 5% dividend on redeemable preference shares. The board also approved notices for a meeting of 5% redeemable preference shareholders and a postal ballot for equity shareholders.
The company appointed Mr Rakesh Saxena as internal auditor and M/s Vivek Laddha & Associates as cost auditor for FY2026-27. It appointed Mrs Stuti Kacker as an additional independent director and Mr Anish Kanoria as an additional director. Mrs Priyadarshinee Kanoria resigned as whole-time director on 19 May 2026, and Mr Rajiv Lall Adya was re-appointed as whole-time director. No fund raise was disclosed.
How did Kanoria Energy & Infrastructure shares react?
The stock moved little immediately after the after-market filing: it was down 0.1% after 5 minutes, 15 minutes and 30 minutes. On the reaction day, it closed up 4.9% from the previous close of ₹15.25. By the next day's close, the stock was up 4.4% from its pre-results close, and by the fifth session it was up 1.6% from that close.
The Cement & Cement Products industry median moved up 1.1% on the reaction day, 1.0% by the next close and 1.3% by the fifth session. Kanoria's corresponding excess moves were 3.8 percentage points, 3.4 percentage points and 0.4 percentage points. Earlier reaction-day moves were down 2.9% on 14 February 2026, down 1.8% on 14 November 2025, up 0.2% on 5 August 2025, down 2.5% on 23 May 2025 and up 4.8% on 9 August 2024.
| After the filing | Stock | Cement & Cement Products median |
|---|---|---|
| 5 minutes | −0.1% | |
| 15 minutes | −0.1% | |
| 30 minutes | −0.1% | |
| Reaction day | +4.9% | +1.1% |
| Next day | +4.4% | +1.0% |
| 5 days | +1.6% | +1.3% |
Minutes are measured from the price when the filing appeared; days from the previous close. Source: MarketPing price-reaction measurement.
| Results filed on | Stock on the reaction day |
|---|---|
| 14 February 2026 | −2.9% |
| 14 November 2025 | −1.8% |
| 5 August 2025 | +0.2% |
| 23 May 2025 | −2.5% |
| 9 August 2024 | +4.8% |
| 30 May 2024 | −2.5% |
Source: MarketPing price-reaction measurement.
How did other Cement & Cement Products companies do?
Among 34 other Cement & Cement Products companies that filed for the quarter, the median revenue growth was 8.6%. Kanoria's revenue grew 12.4%. Of the peers, 23 grew slower than the company and 11 grew faster than it. The comparison covered 35 companies for profit, and 19 reported higher profit.
| Kanoria Energy & Infrastructure revenue growth (YoY) | +12.4% |
|---|---|
| Median of 34 other Cement & Cement Products companies | +8.6% |
| Companies with slower revenue growth than Kanoria Energy & Infrastructure | 23 of 34 |
| Companies with faster revenue growth than Kanoria Energy & Infrastructure | 11 of 34 |
| Companies whose net profit rose | 19 of 35 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Kanoria Energy & Infrastructure's revenue in Q4 FY26?
Revenue from operations was ₹75.48 crore, up 12.4% from ₹67.13 crore in Q4 FY25 (standalone).
Did Kanoria Energy & Infrastructure make a profit in Q4 FY26?
Yes. Net profit was ₹0.16 crore, against a net loss of ₹0.27 crore in Q4 FY25.
What was Kanoria Energy & Infrastructure's EPS in Q4 FY26?
Basic earnings per share were ₹0.02, against a loss of ₹0.03 in Q4 FY25.
How did Kanoria Energy & Infrastructure shares react to the Q4 FY26 results?
On the reaction day the stock moved +4.9% from the previous close; the median Cement & Cement Products stock moved +1.1%.
When did Kanoria Energy & Infrastructure announce its Q4 FY26 results?
On 20 May 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for The Consideration Of The Audited Financial Results For The Quarter And Year Ended 31St March, 2026 (BSE, 12 May 2026) · PDF
- Board Meeting Outcome for Outcome Of Board Meeting (BSE, 20 May 2026) · PDF
- Audited Financial Results For The Quarter And Year Ended 31.03.2026 (BSE, 20 May 2026) · PDF
- Corporate Action-Board approves Dividend (BSE, 20 May 2026) · PDF
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
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