Kanishk Steel Industries Ltd Reports Q3 FY26 Results; Management Addresses Labour Code Impact
Kanishk Steel Industries Limited released its unaudited Standalone Financial Results for the quarter ended June 30, 2026. The results provide a snapshot of the company's performance across various periods, alongside operational commentary regarding recent legislative changes in India.The Company operates primarily in the steel segment and has no separate reportable operating segments under Ind AS 108.
Financial Performance Overview
The unaudited results for the quarter ended June 30, 2026, include detailed data across comparative periods. The financial metrics are presented below (in Rs Lakhs):| Particular | Q Ended 30-Jun-2026 (Unaudited) | Q Ended 30-Jun-2025 (Unaudited) | Q Ended 34-Mar-2026 (Refer Note no.5) | FY Ended 31-Mar-2026 (Audited) |
|---|---|---|---|---|
| Total Revenue | 8,763.81 | 10,126.03 | 11,490.28 | 40,824.30 |
| Income from Operations | 8,739.37 | 10,120.76 | 11,416.87 | 40,657.00 |
| Other income | 24.44 | 5.27 | 73.41 | 167.30 |
| Total Expenses | 7,379.16 | 7,254.21 | 7,073.00 | 27,207.47 |
| Net Profit / (Loss) after tax | 148.57 | 144.93 | 125.08 | 510.01 |
Management Assessment of Labour Codes Impact
The Company provided a detailed assessment regarding the impact of the four new Labour Codes introduced by the Government of India, which became effective from November 21, 2025. These codes include the Code on Social Security, 2020, the Occupational Safety, Health and Working Conditions Code, 2020, the Industrial Relations Code, 2020, and the Code on Wages, 2019.During the quarter ended March 31, 2026, the company had assessed the impact of the revised definition of wages and consequential employee benefit obligations and recognized a provision of 8.96 lakhs, which was disclosed as an Exceptional Item in the financial results for that period.
The Company reviewed this provision as of June 30, 2026. Based on current information, no further material adjustment has been deemed necessary during the quarter ended June 30, 2026. The provision remains reflected in the books and is subject to revision pending the notification or finalization of applicable State Rules and related guidance.
The financial results were prepared in accordance with Indian Accounting Standards (Ind AS) as per the Companies Act, 2013.
Stock Price Movement
As of 14:07, Kanishk Steel Industries Ltd. shares are edging higher, trading at ₹50.25 after gaining 0.42%. The stock has moved today between an intraday high of ₹50.99 and a low marked at ₹50.25.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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