Kanoria Energy & Infrastructure Limited has completed the newspaper publication of its unaudited financial results for the third quarter of fiscal year 2026 and the nine-month period ended December 31, 2025, following the board approval on February 14, 2026.

Regulatory Compliance and Publication

The company submitted its newspaper publication confirmation to the Bombay Stock Exchange on February 16, 2026, in compliance with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The financial results were published in Financial Express (English edition) and Danik Bhaskar (Hindi edition) dated February 15, 2026.

Q3FY26 Financial Performance

The company's standalone unaudited financial results demonstrate operational performance across key metrics:

Nine-Month Performance Summary

For the nine months ended December 31, 2025, the company reported total income from operations of ₹19,478.05 lakhs compared to ₹23,148.30 lakhs in the corresponding previous period. Net profit after tax stood at ₹23.58 lakhs for the nine-month period.

Corporate Structure and Operations

Kanoria Energy & Infrastructure Limited, formerly known as A Infrastructure Limited, operates from its registered office and works in Hamirgarh, Bhilwara district of Rajasthan. The company maintains a single operating segment focused on A.C. Sheets and Pipes, with an equity share capital of ₹4264.57 lakhs (face value ₹5 per share). The formal documentation was signed by Managing Director Sanjay Kumar Kanoria (DIN: 00067203) and submitted to maintain transparency in financial reporting processes.

Kanoria Energy & Infrastructure Limited (KEIL) has experienced a significant credit rating downgrade, reflecting ongoing financial challenges for the company. Infomerics Valuation and Rating Ltd. has revised the ratings for KEIL's bank facilities, indicating a deterioration in the company's creditworthiness.

Credit Rating Downgrade Details

The credit rating agency has made the following changes to KEIL's ratings:

This downgrade affects a total of Rs. 129.99 crore in bank facilities, signaling increased credit risk for the company.

Financial Performance Overview

The downgrade comes in the context of KEIL's recent financial performance. Let's examine key financial metrics:

Revenue and Profitability

The company has experienced a significant decline across all major financial indicators, which likely contributed to the rating downgrade.

Balance Sheet Highlights

While there's a slight improvement in total equity, the overall balance sheet shows a contraction, with decreases in both assets and liabilities.

Cash Flow Analysis

KEIL's cash flow statement reveals some concerning trends:

While operating cash flow has improved dramatically, the negative financing cash flow suggests the company may be paying down debt or reducing its reliance on external financing.

Implications and Outlook

The credit rating downgrade reflects Infomerics' assessment of KEIL's operational and financial performance. This revision may impact the company's ability to secure favorable terms for future financing and could potentially increase its borrowing costs.

Investors and stakeholders should closely monitor KEIL's future financial reports and any strategic initiatives the company may undertake to improve its credit standing and overall financial health.

As Kanoria Energy & Infrastructure navigates these challenges, its ability to improve operational efficiency, manage debt, and potentially explore new revenue streams will be crucial in reversing the negative trend and restoring investor confidence.