Integrated Filing — IndAS



General information about company

Scrip Code 000000
NSE Symbol KARNIKA
MSEI Symbol NOTLISTED
ISIN INE0MGA01012
Name of company KARNIKA INDUSTRIES LIMITED
Type of company SME
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 14-02-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 09-02-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Third quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Unaudited
Segment Reporting Single segment
Description of single segment MANUFACTURING AND TRADING OF READYMADE GARMENTS AND TEXTILES
Start date and time of board meeting 14-02-2026   16:00:00
End date and time of board meeting 14-02-2026   18:00:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-10-2025 01-04-2025
B Date of end of reporting period 31-12-2025 31-12-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 7,368.99 17,673.97
Other income 50.54 153.79
Total income 7,419.53 17,827.76
2 Expenses
(a) Cost of materials consumed 4,715.88 8,540.37
(b) Purchases of stock-in-trade 1,344.42 3,110.39
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (613.24) (224.37)
(d) Employee benefit expense 178.59 552.77
(e) Finance costs 136.74 410.93
(f) Depreciation, depletion and amortisation expense 42.91 124.78
(f) Other Expenses
1 MANUFACTURING EXPENSES 573.39 2,302.99
2 OTHER ADMINISTRATIVE EXPENSES 155.91 434.55
Total other expenses 729.30 2,737.54
Total expenses 6,534.60 15,252.41
3 Total profit before exceptional items and tax 884.93 2,575.35
4 Exceptional items 0.00 0.00
5 Total profit before tax 884.93 2,575.35
6 Tax expense
7 Current tax 226.34 676.34
8 Deferred tax (1.91) (7.94)
9 Total tax expenses 224.43 668.40
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 660.50 1,906.95
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 660.50 1,906.95
17 Other comprehensive income net of taxes (180.17) (86.19)
18 Total Comprehensive Income for the period 480.33 1,820.76
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 652.68 1,899.13
Total profit or loss, attributable to non-controlling interests 7.82 7.82
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent (180.17) (86.19)
Total comprehensive income for the period attributable to owners of parent non-controlling interests 0.00 0.00
21 Details of equity share capital
Paid-up equity share capital 6,199.75 6,199.75
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 1.05 5.52
Diluted earnings (loss) per share from continuing operations 1.05 5.52
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 1.05 5.52
Diluted earnings (loss) per share from continuing and discontinued operations 1.05 5.52
24 Debt equity ratio 0.7300 0.7300
25 Debt service coverage ratio 5.1300 5.2800
26 Interest service coverage ratio 7.4700 7.2700
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) 1. The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their Meetings held on 14th February, 2026. 2. The Statutory Auditors have carried out a limited review of the consolidated financial results for the quarter and nine months ended 31 December 2025 and have issued their unmodified report thereon as required under the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015. 3. Based on approval from the Board of Directors at their meeting held on 15th July 2025 and subsequent approval from the members of the Company on 18th August 2025, the Company allotted 4 (Four) Bonus Equity Share for every 1 (One) Equity Share held, to the members on 1st September 2025. 4. The consolidated financial results of the Company has been prepared in accordance with the Indian Accounting Standards (Ind AS) notified by the Ministry of Corporate Affairs under the Companies (Indian Accounting Standard) Rules, 2015. 5. Company operates only on a single segment which predominantly is manufacturing and trading of Textiles as envisaged in Ind AS 108 - Segment Reporting notified under Companies (Indian Accounting Standards) Rules 2015. A Software is under development by the Subsidiary Company for which no Revenue or Expenses has been earned or incurred. 6. On 2lst November 2025 the Government of lndia notified four Labour Codes - The Code on Wages 2019, The Industrial Relations Code 2020, the Code on Social Security 2020, and the Occupational Safety, Health and Working Conditions Code 2020 (Collectively referred to as the ‘New Labour Codes’). The Ministry of Labour and Employment published draft central rules and FAQs to enable assessment of the financial impact due to changes in the regulations under the New Labour Code. The company has assessed and the incremental impact of these changes on the basis of the best information available for the period ended 31st December 2025, is not material to these financial results. The management also continues to monitor the finalisation of the Central/State Rules and clarifications from the Government on other aspects of the new Labour Codes and would provide appropriate accounting effect on the basis of such developments as needed. 7. During the Q.E. 31st December, 2025, Karnika Industries Limited acquired 75% equity interest in Kidcity Solutions Private Limited, a company primarily engaged in the retail of kids-wear. As a result of this acquisition, the financial results of Kidcity Solutions Private Limited have been consolidated into the Group's financial statements from the acquisition date. The acquisition has been accounted for under the full consolidation method, with Kidcity Solutions Private Limited's revenue and expenses included in the Group's consolidated financials for the First time for the 3rd quarter ended December 31, 2025 of the F.Y. 2025-2026. The impact of the subsidiary's operations on the Group's result includes contributions to revenue, operating profit, and net profit. Any non-controlling interest related to Kidcity Solutions Private Limited is reflected in the consolidated equity. There have been no significant changes in the Group's accounting policies as a result of this acquisition Comparative consolidated financial information for the quarter ended 31 December 2024 and 30th September, 2025, Nine months ended 31st December 2024, and for the year ended 31 March 2025 has not been presented, as consolidation was not applicable during those periods and such information is not comparable. 8. The Company has adopted Indian Accounting Standards (Ind AS) during F Y 2025-2026 and accordingly these financial results for the quarter and nine months ended 31 December 2025 have been prepared in accordance with Ind AS 34 – Interim Financial Reporting. The date of transition to Ind AS is 1 April 2024, being the beginning of the comparative period. The comparative figures have been restated accordingly.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-10-2025 01-04-2025
Date of end of reporting period 31-12-2025 31-12-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-10-2025 01-04-2025
B Date of end of reporting period 31-12-2025 31-12-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 IN RESPECT TO FAIR VALUE OF SHARES (233.62) (111.76)
Total Amount of items that will not be reclassified to profit and loss (233.62) (111.76)
2 Income tax relating to items that will not be reclassified to profit or loss (53.45) (25.57)
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income (180.17) (86.19)





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Unaudited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 M/S A A A J & ASSOCIATES Yes 30-09-2026