Kanel Industries Limited's Board of Directors has approved the company's unaudited standalone financial results for the third quarter of FY26 ended December 31, 2025, during their meeting held on February 06, 2026. The results reveal a net loss of ₹9.13 lakhs with no revenue generated from core operations during the quarter.

Board Meeting and Regulatory Compliance

The Board meeting was conducted from 2:00 p.m. to 3:15 p.m. at the company's registered office located at 1503- West Port, Sindhubhavan Road, NR. G.P. Ring road, Ahmedabad - 380059. The results were prepared in accordance with Regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance Overview

The company's Q3 FY26 performance showed significant operational challenges, with no revenue generated from core operations during the quarter. The financial results present concerning trends when compared to previous quarters and year-over-year performance.

Expense Analysis and Structure

The company's expense structure for Q3 FY26 comprised primarily of operational costs, with other expenses forming the largest component at ₹7.85 lakhs. Employee benefits expense accounted for ₹1.28 lakhs during the quarter, while depreciation and amortisation expense was nil compared to ₹5.27 lakhs in the previous quarter.

Nine-Month Cumulative Performance

For the nine-month period ended December 31, 2025, Kanel Industries reported a cumulative net loss of ₹50.42 lakhs against total revenue of ₹2.93 lakhs. The company's total expenses for this period reached ₹53.35 lakhs, significantly higher than the ₹2.77 lakhs loss recorded in the corresponding nine-month period of the previous year.

Earnings Per Share and Capital Structure

The company's earnings per share (EPS) for Q3 FY26 stood at (₹0.06) for both basic and diluted calculations, based on a paid-up equity share capital of ₹1,575.00 lakhs with a face value of ₹10 per share. For the nine-month period, the EPS was (₹0.32) compared to (₹0.02) in the corresponding period of the previous year.

Auditor Review and Compliance

The statutory auditors N.S. Nanavati & Co. conducted a limited review of the results as per Regulation 33 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The financial results were prepared in accordance with Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013. The Audit Committee reviewed the results before their approval by the Board of Directors, with Director Keyoor Madhusudan Bakshi (DIN: 00133588) signing the approval documents.

Neil Industries Limited , a Non-Banking Financial Company (NBFC) operating in India, has announced its unaudited financial results for the quarter and half-year ended September 30, 2025, showcasing robust growth in profitability and revenue.

Financial Highlights

The company reported a significant increase in its half-yearly net profit, which rose to ₹81.67 lakhs, up 26.5% from ₹64.54 lakhs in the corresponding period last year. This growth was primarily driven by a strong surge in interest income, which forms the core of Neil Industries' revenue stream.

Quarterly Performance

For the quarter ended September 30, 2025, Neil Industries posted a net profit of ₹48.87 lakhs, marking a substantial 49% increase from ₹32.80 lakhs in the previous quarter. This quarter-on-quarter growth underscores the company's improving operational efficiency and market position.

Revenue Growth

The total revenue from operations for the half-year period saw a notable increase, rising to ₹195.94 lakhs from ₹144.29 lakhs in the previous year, representing a 35.8% growth. This increase in revenue indicates strong business momentum and effective utilization of the company's loan book.

Earnings Per Share

The company's earnings per share (EPS) improved to ₹0.42 for the half-year, up from ₹0.33 in the same period last year, reflecting a 27.3% increase. This improvement in EPS suggests enhanced value creation for shareholders.

Balance Sheet Strength

As of September 30, 2025, Neil Industries reported total assets of ₹6,559.89 lakhs, slightly up from ₹6,552.89 lakhs as of March 31, 2025. The company's loan book stood at ₹3,406.33 lakhs, showing a marginal increase from ₹3,345.78 lakhs at the end of the previous fiscal year.

Management Commentary

The financial results were reviewed by the audit committee and approved by the board of directors. A limited review was conducted by the statutory auditors, M/s. R P Khandelwal & Associates, who found no material misstatements in the financial results.

Conclusion

Neil Industries Limited's financial performance for the first half of FY2026 demonstrates strong growth in profitability and revenue. The company's focus on its core lending business and efficient operations has contributed to this positive outcome. As an NBFC, Neil Industries continues to play a significant role in India's financial landscape, providing financing solutions to various sectors of the economy.

Investors and stakeholders may find encouragement in these results, which indicate the company's ability to grow its business and improve profitability in the current economic environment. However, it's important to note that future performance may be subject to various market factors and economic conditions.