Kundan Minerals & Metals Limited Reports Strong Q3 FY26 Financial Performance
Kundan Minerals & Metals Limited delivered robust Q3 FY26 performance with consolidated total income reaching ₹315,032.56 lakhs, marking a 102.6% year-over-year increase, while net profit grew 51.4% to ₹10,544.50 lakhs. The company strengthened its portfolio by acquiring an additional 51% stake in Kundan Gold Mines Private Limited for ₹0.51 lakhs, making it a wholly owned subsidiary.
*this image is generated using AI for illustrative purposes only.
Kundan Minerals & Metals Limited announced its unaudited financial results for the quarter and nine months ended 31st December 2025, demonstrating strong consolidated performance while maintaining steady standalone operations.
Consolidated Financial Performance
The company delivered robust consolidated results for Q3 FY26, showcasing significant growth in its core operations:
| Metric | Q3 FY26 | Q3 FY25 | Change |
|---|---|---|---|
| Total Income from Operations | ₹315,032.56 lakhs | ₹155,484.12 lakhs | +102.6% |
| Net Profit After Tax | ₹10,544.50 lakhs | ₹6,962.66 lakhs | +51.4% |
| Earnings Per Share | ₹17.44 | ₹11.51 | +51.5% |
For the nine months ended 31st December 2025, consolidated total income from operations reached ₹333,785.09 lakhs compared to ₹160,307.93 lakhs in the corresponding period of the previous year, representing a substantial increase of 108.1%.
Strategic Acquisitions and Investments
During Q3 FY26, Kundan Minerals & Metals Limited made a strategic acquisition that strengthened its subsidiary portfolio:
| Transaction Details | Specifications |
|---|---|
| Target Company | Kundan Gold Mines Private Limited |
| Additional Stake Acquired | 51% |
| Consideration | ₹0.51 lakhs |
| Previous Holding | 49% |
| Current Status | Wholly owned subsidiary |
Prior to this acquisition, the company held a 49% equity interest in Kundan Gold Mines Private Limited. The transaction was accounted for in accordance with Indian Accounting Standard 103 as a common control business combination.
Subsidiary Structure and Operations
The company's consolidated financial statements include several key subsidiaries and associates:
Subsidiaries:
- Kundan Concentrates Private Limited
- Kundan Exploration Private Limited
- Kundan Ventures FZCO
- Kundan Gold Mines Private Limited (from 6th November 2025)
The company operates primarily in the precious metals and related products segment, with significant investments made in previous periods including ₹3,109.04 lakhs for acquiring 100% controlling interest in Kundan Concentrates Private Limited.
International Operations
The holding company subscribed to a 70% equity stake in Kundan Venture FZCO, with the corresponding investment amounting to AED 35,000 remitted during the previous quarter. The foreign subsidiary's financial statements have been translated in accordance with Indian Accounting Standards.
Regulatory Matters
The company disclosed ongoing regulatory matters:
- A Survey under Section 133A was conducted by the Income Tax department on 28th January 2026, which remains pending review
Financial Structure
The company maintains a paid-up equity share capital of ₹604.84 lakhs with face value of ₹1 per share across all reporting periods. The board meeting to approve these results was held on 13th February 2026, with the results being reviewed by the Audit Committee and approved by the board of directors.
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