Kanishk Steel Industries Limited submitted its unaudited standalone financial results for the quarter ended June 30, 2026 (Q1 FY27) to BSE Limited pursuant to Regulation 33 of SEBI LODR Regulations. The results were approved by the Board of Directors at a meeting held on August 10, 2026, which commenced at 12:30 PM and concluded at 1:30 PM. The statutory auditors, Chaturvedi & Partners, have issued a limited review report on these results.
Financial Performance (Quarter Ended June 30, 2026)
- Total Revenue: ₹87.64 crore, comprising:
- Income from Operations: ₹87.39 crore
- Other Income: ₹24.44 lakh
- Total Expenses: ₹85.33 crore, consisting of:
- Cost of materials consumed: ₹73.79 crore
- Employee benefits expense: ₹1.85 crore
- Finance costs: ₹1.25 crore
- Depreciation and amortization: ₹1.04 crore
- Other expenses: ₹21.02 crore
- Changes in inventories: (₹14.84 crore) [credit]
- Profit Before Tax: ₹2.31 crore
- Tax Expense: ₹82.63 lakh, comprising:
- Current Tax: ₹37.39 lakh
- Deferred Tax: ₹45.24 lakh
- Net Profit After Tax: ₹1.49 crore
- Total Comprehensive Income: ₹1.49 crore
- Paid-up Equity Share Capital: ₹28.47 crore (face value ₹10 per share)
Comparative Performance
Quarter Ended June 30, 2026 vs June 30, 2025 (YoY):
- Revenue decreased from ₹101.26 crore to ₹87.64 crore (13.5% decline)
- Net profit increased from ₹1.45 crore to ₹1.49 crore (2.5% increase)
Quarter Ended June 30, 2026 vs March 31, 2026 (QoQ):
- Revenue decreased from ₹114.90 crore to ₹87.64 crore (23.7% decline)
- Net profit increased from ₹1.25 crore to ₹1.49 crore (19.2% increase)
Notes to Financial Results
1. The financial results are prepared in accordance with Indian Accounting Standards (Ind AS).
2. The company operates primarily in the steel segment with no separate reportable segments under Ind AS 108.
3. Impact of New Labour Codes: The company had recognized a provision of ₹8.96 lakh in Q4 FY26 for potential impacts of the four new Labour Codes enacted by the Government of India effective November 21, 2025. This provision was disclosed as an Exceptional Item in Q4 FY26 and March 31, 2026 results. As of June 30, 2026, the company reviewed this provision and determined no further material adjustment was necessary. The provision remains subject to revision upon finalization of State Rules and implementation guidance.
4. Previous period figures have been regrouped/reclassified where necessary.
5. The Q4 FY26 figures are balancing figures between audited full-year results and previously published unaudited year-to-date figures up to December 31, 2025.
Auditor's Review
Chaturvedi & Partners, Chartered Accountants (Firm Reg. No. 307068E), conducted a limited review of the financial results in accordance with SRE 2410. Their review report states that nothing has come to their attention that causes them to believe the statement contains any material misstatement or fails to disclose information required by Regulation 33 of SEBI LODR Regulations.
The financial results are available on the BSE website and the company's website at www.kanishksteels.in.