Kush Industries achieved a net profit of ₹0.79 lakh in the quarter ended June 2026, marking a significant turnaround from the net loss of ₹2.34 lakh recorded in the corresponding quarter of the previous financial year. According to the company's latest financial results, this represents a dramatic improvement in the company's financial performance, with the Board of Directors approving the unaudited financial results on July 30, 2026, in compliance with SEBI regulations. The turnaround was driven by a doubling of revenue from operations to ₹0.48 lakh from ₹0.24 lakh year-on-year, alongside controlled operational expenses.
The company's total income rose to ₹4.68 lakh from ₹1.24 lakh in Q1FY26, supported by other income increasing to ₹4.20 lakh from ₹1.00 lakh. As reported in the financial results, revenue from operations doubled to ₹0.48 lakh from ₹0.24 lakh year-on-year, while cost of materials consumed remained proportionate at ₹0.47 lakh compared to ₹0.23 lakh previously. Employee benefits expense was stable at ₹1.20 lakh, and other expenses increased slightly to ₹2.22 lakh from ₹2.15 lakh. The shift from a loss to profit demonstrates improved operational efficiency despite minimal revenue scale.
Total expenses rose modestly to ₹3.89 lakh from ₹3.58 lakh, allowing the profit before tax to improve significantly to ₹0.79 lakh from a loss of ₹2.34 lakh. According to the financial results, the shift from a loss to profit highlights improved operational efficiency despite minimal revenue scale. While revenue doubled, total expenses grew by less than 9%, indicating better cost management relative to income generation. The company's ability to manage costs effectively contributed significantly to the overall profitability improvement during the quarter.
The Board decided to convene the 34th Annual General Meeting on September 28, 2026, via Video Conferencing or Other Audio Visual Means, in compliance with the Companies Act, 2013. Shareholders will be able to cast votes electronically through remote e-voting, which will commence on September 25, 2026, at 9:00 a.m. and conclude on September 27, 2026, at 5:00 p.m. The cut-off date for determining voting rights is September 21, 2026. Additionally, the Board approved the appointment of M/s. Kashyap R. Mehta & Partners as Secretarial Auditors for a term of five consecutive years from FY2027 to FY2031, subject to shareholder approval at the AGM. The Board also proposed shifting the registered office from Ankleshwar to Ahmedabad, pending shareholder consent.
