KIC Metaliks swings to profit as Q4 revenue jumps 38%
The steel and pig iron producer posted a full-year profit of ₹1.05 cr, reversing a loss of ₹6.09 cr in FY25, as cost controls took hold.
— 1 earlier story on KIC Metaliks Ltd. →What's new
- Q4 net profit hit ₹1.43 cr, a sharp reversal from the ₹4.40 cr loss reported in the same quarter last year.
- Annual revenue rose 9% to ₹782.89 cr, while FY26 operating cash flow doubled to ₹43.12 cr.
- The board reappointed independent director Ishita Bose for a second five-year term.
Why this matters
KIC Metaliks is a nano-cap with a market value of just ₹119 cr, making its return to profitability a critical test of its operational survival. The doubling of operating cash flow suggests the company is finally managing its working capital effectively after a period of losses.
What we're watching
- Whether the company can sustain these margins in the current fiscal year.
- Any further reduction in debt levels given the improved cash flow.
- Volume growth trends in the pig iron segment.
The full read
KIC Metaliks has finally broken its cycle of losses. The steel and pig iron producer reported a net profit of ₹1.43 crore for the quarter ended March 31, 2026, a sharp turnaround from the ₹4.40 crore loss recorded in the same period last year. Revenue for the quarter surged 38% to ₹247.03 crore, aided by higher sales volumes and better realisations. For the full fiscal year, the company posted a net profit of ₹1.05 crore against a loss of ₹6.09 crore in FY25. Beyond the headline profit, the company’s cash position shows improvement, with operating cash flows rising to ₹43.12 crore from ₹20.76 crore in the previous year. For a company with a market capitalization of only ₹119 crore, this shift in fundamentals is the most important development in its recent history. While the market anticipated these results, the data confirms that the company's cost-control measures are working.
Questions answered
- What drove the turnaround in KIC Metaliks' performance?
- The company cited higher output, improved realisations, and better cost control as the primary drivers. These factors helped the firm swing from a net loss of ₹4.40 cr in Q4 FY25 to a profit of ₹1.43 cr in Q4 FY26.
- How did the full-year results compare to the previous year?
- KIC Metaliks posted a net profit of ₹1.05 cr for FY26, compared to a loss of ₹6.09 cr in FY25. Annual revenue grew by 9% to reach ₹782.89 cr.
- Is the improvement in cash flow significant?
- Yes, operating cash flow rose to ₹43.12 cr in FY26 from ₹20.76 cr in FY25. This indicates a meaningful improvement in how the company manages its working capital.
- Were there any major board changes?
- No, the board changes were routine. Independent director Ishita Bose was reappointed for a second five-year term, and the company approved standard auditor appointments.
Story so far
All notes on KAJARIR →- 26 May 2026 · 8:45 PM IST KIC Metaliks swings to profit as Q4 revenue jumps 38%
- today KIC Metaliks confirms FY26 results in routine board filing