Kundan Minerals & Metals Limited Reports Strong Q3 FY26 Financial Performance
Kundan Minerals & Metals Limited reported strong consolidated financial results for Q3 FY26, with revenue from operations of ₹314,916.39 lakhs and net profit of ₹10,544.50 lakhs, representing significant year-over-year growth. The company acquired an additional 51% stake in Kundan Gold Mines Private Limited during the quarter, making it a wholly owned subsidiary. While standalone results showed modest performance with total income of ₹140.31 lakhs and net profit of ₹92.34 lakhs, the consolidated performance demonstrated the strength of the company's diversified precious metals operations.
*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 |
|---|---|---|---|
| Revenue from Operations | ₹314,916.39 lakhs | ₹153,014.35 lakhs | +105.8% |
| Total Income | ₹315,012.56 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 revenue from operations reached ₹333,352.32 lakhs compared to ₹159,836.64 lakhs in the corresponding period of the previous year, representing a substantial increase of 108.5%.
Standalone Results Overview
The standalone financial performance showed different dynamics, with the company reporting more modest figures:
| Parameter | Q3 FY26 | Q3 FY25 | Nine Months FY26 |
|---|---|---|---|
| Revenue from Operations | Nil | ₹129,736.50 lakhs | ₹460.32 lakhs |
| Other Income | ₹140.31 lakhs | ₹49.56 lakhs | ₹428.58 lakhs |
| Total Income | ₹140.31 lakhs | ₹129,786.06 lakhs | ₹888.90 lakhs |
| Net Profit | ₹92.34 lakhs | ₹5,905.89 lakhs | ₹272.66 lakhs |
| EPS (Basic & Diluted) | ₹0.15 | ₹9.76 | ₹0.45 |
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 and ₹3,000 lakhs in redeemable preference shares.
Regulatory Matters
The company disclosed two ongoing regulatory matters:
- A search was conducted by The Directorate of Revenue Intelligence on 6th December 2025, with the matter currently under review and no show cause notice received to date
- 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 Mr. Deepak Gupta (Executive Director & CFO) and Mr. Siddharth Gogia (Executive Director) authorized to sign the financial statements.
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