Kanel Industries Reports Zero Revenue in Q3, Losses Shrink from Prior Quarter
The trading firm posted no revenue in the December quarter, though its net loss improved sequentially from a larger deficit in Q2.
Kanel Industries reported zero revenue for Q3 FY26, a 100% drop from the previous quarter. Its net loss, however, narrowed to ₹0.09 crore from ₹0.34 crore in Q2.
Kanel Industries reported a complete halt in revenue for the quarter ended December 2025, though its net loss improved from a much larger deficit in the prior period. This paints a picture of a company in a challenging operational phase, with sporadic revenue generation but some recent moderation in losses.
The trading firm's revenue fell to zero in Q3 FY26, a 100% sequential decline from the ₹0.03 crore reported in Q2. However, the net loss narrowed to ₹0.09 crore, a 73.5% improvement from the ₹0.34 crore loss in the September quarter. Compared to the same period last year (Q3 FY25), the loss widened from ₹0.02 crore, but this year-over-year comparison is distorted by the massive 350% growth percentage stemming from a very small base.
A look at the last five quarters shows the erratic nature of the company's performance.
Revenue (₹ Cr)
Profit (₹ Cr)
| Metric | CurrentQ3 FY26 | PreviousQ2 FY26 | Same quarter LYQ3 FY25 |
|---|---|---|---|
| Period | Quarter ended December 2025 | Quarter ended September 2025 | Quarter ended December 2024 |
| Revenue (₹ Cr) | 0.00 | 0.03 | 0.00 |
| Profit (₹ Cr) | -0.09YoY -350% | -0.34 | -0.02 |
The trailing twelve-month (TTM) figures aggregate to a revenue of ₹0.04 crore and a cumulative net loss of ₹0.54 crore. On the balance sheet, the company maintains a very low debt-to-equity ratio of 0.01, but its return on equity stands at -3.03%, reflecting the period of losses.
The key question for Kanel Industries is whether it can stabilize its core trading operations to generate consistent revenue and move towards profitability in the coming fiscal year.
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· KANEL INDUSTRIES
(BSE)
ISIN: INE252C01015
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