Meenakshi Steel Industries reports FY26 profit, Q4 loss
Meenakshi Steel Industries Limited reported a consolidated net profit of ₹136.70 lakh for FY26, despite a Q4 loss of ₹53.69 lakh. Total income for the year increased to ₹1,902.50 lakh. The board approved the audited results on May 27, 2026, which were published in newspapers on May 28, 2026.
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Meenakshi Steel Industries Limited reported a consolidated net profit of ₹136.70 lakh for the financial year ended March 31, 2026, while recording a net loss of ₹53.69 lakh for the fourth quarter of the same period. The company's board approved the audited financial results for both standalone and consolidated entities during a meeting held on May 27, 2026. The results were disclosed via newspaper advertisements in Nalanda Express and Standard Post on May 28, 2026, pursuant to Regulation 30 and 47 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.
For the full year, total income rose to ₹1,902.50 lakh from ₹1,871.16 lakh in the previous year. In the fourth quarter, total income stood at ₹436.88 lakh. The company's finance costs for the year increased to ₹1,665.84 lakh from ₹1,537.21 lakh in FY25, impacting profitability in the final quarter where expenses exceeded income.
The statutory auditors, M/s V R S K & CO. LLP, issued an unmodified opinion on the audited financial results. The audit was conducted in accordance with the Standards on Auditing specified under Section 143(10) of the Companies Act, 2013. The report confirms that the financial results present a true and fair view of the company's financial performance.
Consolidated Financial Performance
The company's consolidated earnings per share (EPS) for the year ended March 31, 2026, was reported at ₹7.17, compared to ₹4.07 in the prior year. For the quarter ended March 31, 2026, the basic EPS was recorded at (₹2.46). The total comprehensive income for the year was (₹234.41) lakh, a significant shift from the ₹103.70 lakh reported in the previous year.
| Particulars | Year Ended 31.03.2026 (₹ in Lakhs) | Year Ended 31.03.2025 (₹ in Lakhs) |
|---|---|---|
| Total Income | 1,902.50 | 1,871.16 |
| Total Expenses | 1,713.81 | 1,760.77 |
| Profit Before Tax | 188.69 | 110.39 |
| Net Profit After Tax | 136.70 | 84.12 |
| Share of Profits from Associates | 6.21 | (3.08) |
Standalone Financial Results
On a standalone basis, Meenakshi Steel Industries reported a net profit of ₹136.70 lakh for FY26, up from ₹84.12 lakh in the previous year. However, the standalone results for the fourth quarter reflected a net loss of ₹53.69 lakh. Total income for the year increased to ₹1,902.50 lakh, driven primarily by interest income of ₹1,824.25 lakh.
The company's balance sheet as of March 31, 2026, showed total assets of ₹32,040.06 lakh, an increase from ₹25,361.56 lakh in the previous year. Borrowings stood at ₹17,500.00 lakh, compared to ₹10,600.00 lakh as of March 31, 2025. Cash and cash equivalents improved significantly to ₹766.80 lakh from ₹292.07 lakh in the prior year.
Historical Stock Returns for Meenakshi Steel Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
How does the company plan to manage the rising finance costs that negatively impacted Q4 profitability?
What strategic initiatives will be implemented to prevent the recurrence of quarterly net losses in future periods?
Will the significant increase in borrowings continue, or does the company have a strategy to reduce debt leverage?
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