Several companies held by ace investor Madhusudan Kela reported strong financial performance in the fourth quarter of FY26, with some businesses posting sharp profit growth and others returning to profitability.
Kela publicly holds stakes in 19 companies with a combined value of more than ₹2,312.9 crore, spanning sectors including financial services, capital markets, industrial machinery, textiles and consumer goods.
Choice International reports double-digit growth
Choice International Ltd, where Kela held a 7.21% stake worth around ₹1,081.3 crore as of Q4FY26, delivered higher revenue and profits during the March quarter.
The stock closed at ₹673, up from the previous close of ₹656.70. The company had a market capitalisation of ₹14,992 crore.
Q4FY26 performance
- Revenue rose 21% to ₹307 crore from ₹253 crore.
- EBITDA increased 20% to ₹116 crore from ₹96.2 crore.
- Net profit grew 27% to ₹67.8 crore from ₹53.5 crore.
- EPS improved to ₹2.71 from ₹2.59.
Windsor Machines returns to profit
Windsor Machines Ltd reported a turnaround in profitability.
Kela owned a 7.36% stake in the company, valued at about ₹211.5 crore.
Shares closed at ₹326, compared with ₹318.45 in the previous session. Market capitalisation stood at ₹2,885 crore.
Q4FY26 performance
- Revenue jumped 53% to ₹185 crore from ₹121 crore.
- EBITDA remained unchanged at ₹11 crore.
- Net profit stood at ₹7.24 crore, against a loss of ₹4.14 crore a year earlier.
- EPS turned positive to ₹0.82 from a loss per share of ₹0.49.
MKVentures Capital swings back into profit
MKVentures Capital Ltd, where Kela held a 74.36% stake worth roughly ₹272.4 crore, also reported a turnaround.
The stock ended at ₹953, up from ₹903.40. The company had a market value of ₹366 crore.
Q4FY26 performance
- Revenue declined 21% to ₹2.28 crore from ₹2.88 crore.
- EBITDA stood at ₹0.65 crore, compared with a loss of ₹6.64 crore.
- Net profit came in at ₹0.47 crore, versus a loss of ₹5.30 crore in Q4FY25.
- EPS improved to ₹1.22 from a loss per share of ₹13.79.
Sangam India posts sharp earnings growth
Sangam (India) Ltd delivered the strongest earnings growth among the companies.
Kela held a 4.86% stake valued at approximately ₹132.5 crore.
The stock closed at ₹542.25, up from ₹526.15. Market capitalisation stood at ₹2,724 crore.
Q4FY26 performance
- Revenue increased 19% to ₹866 crore from ₹725 crore.
- EBITDA surged 86% to ₹99.3 crore from ₹53.4 crore.
- Net profit climbed 258% to ₹33.6 crore from ₹9.37 crore.
- EPS rose to ₹7.45 from ₹2.08.
Prataap Snacks turns profitable
Prataap Snacks Ltd, in which Kela held a 4.6% stake worth around ₹123.4 crore, returned to profit during the quarter.
The shares closed at ₹1,120, slightly below the previous close of ₹1,125.10. Market capitalisation stood at ₹2,677 crore.
Q4FY26 performance
- Revenue rose 5% to ₹420 crore from ₹401 crore.
- EBITDA jumped 319% to ₹20.6 crore from ₹4.92 crore.
- Net profit stood at ₹1.14 crore, compared with a loss of ₹11.9 crore a year ago.
- EPS turned positive to ₹0.48 from a loss per share of ₹5.
Key takeaways
Among Kela’s major holdings:
- Choice International reported steady growth in earnings.
- Windsor Machines, MKVentures Capital and Prataap Snacks returned to profitability.
- Sangam India recorded a sharp rise in revenue and profits.
TL;DR
Several companies held by Madhusudan Kela reported strong Q4FY26 numbers. Sangam India posted 258% profit growth, while Windsor Machines, MKVentures Capital and Prataap Snacks returned to profitability.
AI summary
- Choice International reported 27% growth in net profit.
- Windsor Machines posted a profit after a loss last year.
- MKVentures Capital returned to profitability despite lower revenue.
- Sangam India recorded 258% growth in net profit.
- Prataap Snacks swung to a profit in Q4FY26.