Date: 12th August, 2026
KMP / Board / Auditor Changes
- Sagar Patel was promoted to General Manager (Senior Management Personnel - One level below the Board of Directors) effective 12th August 2026.
- Mr. Patel was previously serving as Assistant Manager Production and has been associated with the Company for 12 years.
- He holds a B.E. degree in Mechanical engineering and demonstrated exceptional leadership, strategic acumen, and performance in his current role.
- Terms of appointment will be as per Service Rules of Krishna Defence and Allied Industries Limited.
Board Meeting Outcomes
The Board of Directors meeting held on 12th August 2026 (5:45 PM to 6:58 PM) approved:
1. Unaudited Standalone & Consolidated Financial Results for the quarter ended 30th June 2026 along with Limited Review Report of the auditors
2. Promotion/Appointment of Sagar Patel as General Manager
Financial Results (Standalone)
For Quarter Ended 30th June 2026:
- Revenue from operations: ₹57.59 crore
- Other income: ₹9.99 lakh
- Total Income: ₹57.69 crore
- Profit before tax: ₹14.99 crore
- Tax expense: ₹3.84 crore (Current tax)
- Profit for the period: ₹11.67 crore
- Other Comprehensive Income: ₹(1.10) lakh
- Total Comprehensive Income: ₹11.56 crore
- Paid-up Equity share capital: ₹14.95 crore
- Basic EPS: ₹7.66
- Diluted EPS: ₹7.63
Financial Results (Consolidated)
For Quarter Ended 30th June 2026:
- Revenue from operations: ₹67.91 crore
- Other income: ₹9.98 lakh
- Total Income: ₹68.01 crore
- Profit before tax: ₹11.68 crore
- Tax expense: ₹3.01 crore (Current tax: ₹3.01 crore, Deferred tax: ₹(0.10) crore)
- Profit for the period: ₹8.78 crore
- Share of Associate's Profit/(Loss): ₹(12.63) lakh
- Profit After Tax and Share of Associate's profit/(loss): ₹8.65 crore
- Other Comprehensive Income: ₹0.38 lakh
- Total Comprehensive Income: ₹8.67 crore
- Paid-up Equity share capital: ₹14.95 crore
- Basic EPS: ₹6.73
- Diluted EPS: ₹6.24
Disinvestment / Strategic Actions
During the quarter ended 30th June 2026:
- The Company subscribed to equity shares of M/s Krishna Vabo Defence Composites Private Limited and M/s Xsub Robotics Private Limited, resulting in equity holdings of 51.00% and [percentage not specified] respectively
- The Company acquired 46.81% equity stake in M/s Taharabadkar Solutions Private Limited (TSPL) for a total consideration of ₹84.00 crore (₹8400.05 lakhs)
- TSPL has been accounted for as an associate company
Notes to Financial Statements
1. The results were reviewed by Audit Committee and approved by Board of Directors on 12th August 2026
2. The Company has one reportable operating segment - Defence Products Segment (Dairy Products Segment represents a relatively small portion and doesn't meet quantitative thresholds)
3. The Board recommended Final Dividend of ₹1.25 (12.50%) per equity share in their meeting held on 20th May 2026
4. The company granted 63,356 Stock Options to employees on 11th November 2024, with 25% vesting each year over four years
5. Options outstanding as on 30th June 2026: 28,728 options exercisable at ₹50 per share (face value ₹10 per share)
6. The statement includes results for quarter ended March 31, 2026 as balancing figures between audited full year figures