Krishanveer Forge Limited submitted its unaudited financial results for Q2 and half year ended September 30, 2026 to BSE Limited pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Financial Performance Highlights
Quarter Ended September 30, 2026 (Unaudited):
- Revenue from operations: ₹264.75 crore (compared to ₹221.37 crore in Q1 FY27 and ₹209.82 crore in Q2 FY26)
- Other income: ₹4.06 crore
- Total income: ₹268.81 crore
- Profit before tax: ₹25.57 crore
- Current tax: ₹4.69 crore
- Deferred tax: ₹1.26 crore
- Net profit: ₹19.63 crore
- Basic EPS: ₹1.79
- Diluted EPS: ₹1.79
Half Year Ended September 30, 2026 (Unaudited):
- Revenue from operations: ₹486.11 crore (compared to ₹446.25 crore in H1 FY26)
- Other income: ₹8.64 crore
- Total income: ₹494.75 crore
- Profit before tax: ₹53.14 crore
- Current tax: ₹12.51 crore
- Deferred tax: ₹1.05 crore
- Net profit: ₹39.59 crore
- Basic EPS: ₹3.62
- Diluted EPS: ₹3.62
Expense Breakdown (Quarter Ended September 30, 2026)
- Cost of materials consumed: ₹131.11 crore
- Changes in inventories: ₹7.49 crore (increase)
- Employee benefit expense: ₹14.85 crore
- Finance cost: ₹0.02 crore
- Depreciation and amortization: ₹4.21 crore
- Gas consumption: ₹54.82 crore
- Other expenses: ₹30.74 crore
- Total expenses: ₹243.23 crore
Balance Sheet Position (as at September 30, 2026)
- Property, plant and equipment: ₹169.85 crore (increased from ₹138.62 crore as at March 31, 2026)
- Capital work-in-progress: ₹3.28 crore (decreased from ₹39.69 crore)
- Inventories: ₹96.18 crore (increased from ₹70.29 crore)
- Trade receivables: ₹268.80 crore (increased from ₹225.26 crore)
- Cash and cash equivalents: ₹0.01 crore
- Bank balances: ₹15.40 crore
- Total assets: ₹716.71 crore
- Equity share capital: ₹109.39 crore (unchanged)
- Other equity - Reserves: ₹412.46 crore
- Total equity: ₹521.86 crore
Cash Flow Statement (Half Year Ended September 30, 2026)
- Cash generated from operations: ₹451.29 crore
- Income taxes paid: ₹15.95 crore
- Net cash from operating activities: ₹291.75 crore
- Purchase of PPE: ₹39.21 crore
- Net cash used in investing activities: ₹2.18 crore
- Net cash used in financing activities: ₹333.30 crore
- Net decrease in cash: ₹63.39 crore
Regulatory Compliance and Notes
- The financial results were reviewed by the Audit Committee and approved by the Board of Directors on October 31, 2026
- Prepared in accordance with Indian Accounting Standards (Ind AS) and SEBI regulations
- Statutory auditors Gokhale, Tanksale & Ghatpande issued an unmodified limited review report
- Company operates in a single segment (manufacturing forgings) as per IND-AS 108
- Previous period figures have been regrouped/recast/reclassified for comparability
- Results available at www.bseindia.com and www.kvforge.com