KIC Metaliks Limited has announced its unaudited financial results for the quarter ended December 31, 2025, demonstrating a remarkable turnaround in its operational performance. The Board of Directors approved these results at their meeting held on February 2, 2026, showcasing significant improvements across key financial metrics.

Strong Revenue Growth Drives Q3FY26 Performance

The company's operational revenue witnessed substantial growth during the quarter, reflecting improved business momentum and market conditions.

The impressive revenue growth of 61.07% year-on-year demonstrates the company's strengthening market position in the iron and steel sector. Total revenue including other income reached Rs 20,160.97 lakhs compared to Rs 12,522.60 lakhs in the corresponding quarter of the previous year.

Return to Profitability Marks Operational Turnaround

KIC Metaliks achieved a significant milestone by returning to profitability after previous quarters of losses, indicating effective cost management and operational efficiency improvements.

The company reported a net profit of Rs 68.97 lakhs for Q3FY26, a remarkable improvement from the net loss of Rs 270.20 lakhs recorded in Q3FY25. This turnaround reflects better operational management and improved market conditions for the iron and steel industry.

Nine-Month Performance Shows Steady Progress

For the nine-month period ended December 31, 2025, KIC Metaliks maintained stable revenue levels while significantly reducing losses compared to the previous year.

While nine-month revenue remained relatively stable with a marginal decline of 0.43%, the company achieved substantial improvement in profitability metrics. The net loss was reduced by 77.37% to Rs 38.37 lakhs from Rs 169.54 lakhs in the corresponding period of the previous year.

Cost Management and Operational Efficiency

The company's expense management during Q3FY26 contributed significantly to the improved profitability, with total expenses of Rs 20,057.95 lakhs compared to Rs 13,159.76 lakhs in Q3FY25. Key expense components included:

• Cost of materials consumed: Rs 16,642.36 lakhs
• Employee benefits expense: Rs 555.32 lakhs
• Finance costs: Rs 240.66 lakhs
• Depreciation and amortisation: Rs 371.41 lakhs
• Other expenses: Rs 1,080.21 lakhs

The company maintained its paid-up equity share capital at Rs 709.92 lakhs with a face value of Rs 2 per share, ensuring stable capital structure throughout the reporting periods.

Regulatory Compliance and Audit Review

The unaudited financial results have been prepared in accordance with Indian Accounting Standards (Ind-AS) and reviewed by the Audit Committee. The results received approval from the Board of Directors and were also reviewed by the company's statutory auditors, Agarwal Maheswari & Co. The company operates primarily in the iron and steel and allied products segment, maintaining focus on its core business operations.

KIC Metaliks Limited , a prominent player in the Indian steel industry, has successfully secured shareholder approval for material related party transactions worth up to Rs 500 crores with Bengal Energy Limited (BEL) for the financial year 2025-26. The postal ballot results announced on December 23, 2025, showed overwhelming support from shareholders.

Voting Results and Shareholder Approval

The postal ballot process concluded with decisive shareholder support for the proposed transactions. The voting results demonstrate strong confidence in the company's strategic direction:

The e-voting process was conducted from November 23, 2025, at 9:00 AM to December 22, 2025, at 5:00 PM, with results announced on December 23, 2025.

Corporate Restructuring Background

The need for this approval stems from a recent corporate restructuring approved by the National Company Law Tribunal (NCLT), Kolkata Bench. As per the order dated August 1, 2025, Thermic Steel Company Private Limited has become the holding company of both Karni Syntex Private Limited (Karni) and Bengal Energy Limited. Karni, in turn, is the holding company of KIC Metaliks, owning a 64.81% stake.

Nature of Approved Transactions

The approved transactions between KIC Metaliks and Bengal Energy Limited include:

Strategic Benefits and Justification

KIC Metaliks has justified these transactions citing several operational benefits:

• Seamless supply chain integration
• Cost optimization due to geographical proximity
• Improved logistics and procurement efficiencies
• Enhanced market competitiveness
• Maintenance of stable production and supply chain processes

Corporate Governance Compliance

The company maintained strict adherence to regulatory requirements throughout the process. The Audit Committee of KIC Metaliks reviewed and approved the proposed transactions on November 14, 2025, subject to shareholder approval. The transactions will be conducted at arm's length and in the ordinary course of business, ensuring compliance with SEBI regulations for material related party transactions.

With the overwhelming shareholder approval secured, KIC Metaliks is now positioned to implement these strategic transactions that are expected to strengthen operational efficiencies and enhance the company's competitive position in the steel industry for FY 2025-26.