Financial Performance Summary

Q2 FY27 Standalone Results (YoY Comparison):

  • Revenue from Operations: ₹2,350.9 million (vs ₹1,309.2 million in Q2FY26) - 79.6% growth
  • Total Expenditure: ₹2,044.9 million (vs ₹1,161.7 million in Q2FY26) - 76.0% growth
  • EBITDA: ₹306.0 million (vs ₹147.5 million in Q2FY26) - 107.4% growth
  • EBITDA Margin: 13.0% (vs 11.3% in Q2FY26) - 175 bps expansion
  • Profit After Tax: ₹196.9 million (vs ₹80.8 million in Q2FY26) - 143.5% growth
  • PAT Margin: 8.4% (vs 6.2% in Q2FY26) - 220 bps expansion
  • EPS: ₹3.08 (vs ₹1.25 in Q2FY26) - 146.4% growth

H1 FY27 Standalone Results (YoY Comparison):

  • Revenue from Operations: ₹4,194.3 million (vs ₹2,702.8 million in H1FY26) - 55.2% growth
  • Total Expenditure: ₹3,661.1 million (vs ₹2,393.5 million in H1FY26) - 53.0% growth
  • EBITDA: ₹533.2 million (vs ₹309.2 million in H1FY26) - 72.4% growth
  • EBITDA Margin: 12.7% (vs 11.4% in H1FY26) - 127 bps expansion
  • Profit After Tax: ₹331.6 million (vs ₹187.8 million in H1FY26) - 76.5% growth
  • PAT Margin: 7.9% (vs 6.9% in H1FY26) - 96 bps expansion
  • EPS: ₹5.14 (vs ₹2.91 in H1FY26) - 76.5% growth

Performance Drivers

Growth was supported by strong demand in the M&HCV and trailer segments, continued recovery in the tractor and agricultural segments, and capacity expansion initiatives. Operational efficiency and backward integration helped support performance amid input cost pressures.

Strategic Developments and Capacity Expansion

Current Operational Status:

  • Precision hydraulic Tipping Jacks: Supplies progressing in line with plan; further volume scaleup expected in H2 FY27
  • Axle beam extrusion plant: Commercial production has commenced; current utilization approximately 60-65%
  • Seamless tube facility: Mills installed, production trials targeted for February-March 2027

Ongoing Expansion Initiatives:

  • Forging capacity Expansion initiatives on track to support higher volumes and improved cost competitiveness
  • High-pressure moulding line (Foundry) progressing as planned to double existing casting capacity
  • Axle Shaft production by Robotic Forging facility: Strategic increase in shaft manufacturing capacity & enhanced investment in Robotic Automation for forging operations and specialized machining facilities
  • Cold Drawn Tubes: Forward Integration into manufacturing of Cold Drawn Tubes

Management Commentary

Mr. Sudhir Rai – Chairman & Managing Director commented: "Kross Limited has continued its strong momentum in Q2 FY27, with year-on-year Revenue, EBITDA & PAT growth of 79.6%, 107.4% & 143.5% respectively. Capacity expansion investments are beginning to support growth, with utilisation expected to improve in the coming quarters. Supported by healthy order books, sustained demand in the trailer and tractor segments, and multiple capacity expansion initiatives nearing completion, Kross is well positioned to deliver healthy growth in FY27. Our focus remains on profitable growth, operational efficiency, customer relationships, and disciplined execution. Through continued emphasis on innovation, operational excellence, and strategic capacity investments, we are capitalising on the recovery in key segments while strengthening our competitive position. We remain confident that these initiatives, combined with strong execution visibility and contributions from new products, will drive sustainable revenue growth, improved profitability, and long-term value creation for our shareholders."

Company Background

Kross Limited is an integrated automotive component manufacturer with over 3 decades of operating history, specialising in trailer axles, suspension assemblies, and safety-critical forged, cast and machined components for M&HCVs, tractors, and off-highway vehicles. The company is backward integrated across design, forging, casting, heat treatment, machining, and surface coating, and is among the prominent trailer axle & suspension manufacturers in India. Company is a key supplier to various OEMs, including leading players in the commercial vehicle and tractor segments.