KSE Limited filed its unaudited financial results for the quarter and half year ended 30th September 2026 pursuant to Regulations 30, 33 and 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Board of Directors meeting was held on Thursday, 12th November 2026, commencing at 3:00 PM and concluding at 7:40 PM. The results were reviewed and recommended by the Audit Committee and approved by the Board, with an unmodified limited review report issued by statutory auditors SRIOUD & Co.

Financial Performance Overview

Quarter Ended 30th September 2026 (Q2 FY27):

  • Revenue from operations: ₹4,661.535 lakh (up 9% YoY from ₹4,273.941 lakh in Q2 FY26)
  • Total Income: ₹4,685.625 lakh
  • Net Loss before tax: ₹(89.48) lakh (compared to profit of ₹4,374.50 lakh in Q2 FY26)
  • Net Loss after tax: ₹(123.02) lakh (compared to profit of ₹3,287.18 lakh in Q2 FY26)
  • Total Comprehensive Income: ₹(96.76) lakh
  • EPS: ₹(0.384) per share (compared to ₹10.272 in Q2 FY26)

Half Year Ended 30th September 2026 (H1 FY27):

  • Revenue from operations: ₹9,198.223 lakh (up 9% YoY from ₹8,433.908 lakh in H1 FY26)
  • Total Income: ₹9,257.888 lakh
  • Net Profit before tax: ₹40.37 lakh (compared to ₹9,570.91 lakh in H1 FY26)
  • Net Loss after tax: ₹(28.59) lakh (compared to profit of ₹7,142.61 lakh in H1 FY26)
  • Total Comprehensive Income: ₹(54.35) lakh
  • EPS: ₹(0.089) per share (compared to ₹22.321 in H1 FY26)

Segment Performance (Quarter Ended 30th September 2026)

  • Animal Feed Division: Revenue ₹3,897.582 lakh, Segment Result ₹(742.57) lakh loss
  • Oil Cake Processing Division: Revenue ₹1,218.343 lakh, Segment Result ₹730.83 lakh profit
  • Dairy Division: Revenue ₹167.036 lakh, Segment Result ₹(25.84) lakh loss

Exceptional Items

An exceptional income of ₹47.17 lakh was recorded for the quarter ended 30th June 2026 and half year ended 30th September 2026, representing further insurance claim received for flood-related damages of raw materials in Tamil Nadu during FY 2023-24. ₹250.75 lakh was already received in FY 2024-25 for these damages.

Significant Note - Property Litigation

The company acquired approximately 24.68 acres of land at Muthalamada No.1 Village, Chammanampathy, Chittur Taluk, Palakkad District during August 2021 for a total capitalized cost of approximately ₹7.24 crores. Subsequent to acquisition, civil and criminal proceedings relating to antecedent title deed concerning 25% ownership interest in the property were initiated.

An interim injunction restraining alienation of the property is currently in force, with matters pending adjudication. Based on legal opinion obtained during the quarter, management has assessed probable impairment loss attributable to the disputed 25% undivided interest equivalent to 25% of carrying value and has created a provision for probable impairment loss of ₹1.81 crores.

The company continues to take appropriate legal steps to protect its title and interest, and the impairment loss will be reassessed based on further developments in proceedings, legal advice, and availability of reliable valuation evidence.

Capital Structure

Paid-up equity share capital remained unchanged at ₹320.00 lakh (face value Re 1 per share) with 320 lakh shares outstanding.

Cash Flow Highlights (Half Year Ended 30th September 2026)

  • Net cash used in operating activities: ₹(989.09) lakh
  • Net cash from investing activities: ₹2,525.29 lakh
  • Net cash used in financing activities: ₹(2,458.25) lakh
  • Dividend paid: ₹2,372.40 lakh
  • Cash and cash equivalents at period end: ₹724.85 lakh

Balance Sheet Position (as at 30th September 2026)

  • Total assets: ₹39,132.49 lakh
  • Inventories: ₹14,316.77 lakh
  • Investments: ₹10,660.84 lakh (current) + ₹667.03 lakh (non-current)
  • Property, plant and equipment: ₹5,697.08 lakh
  • Total liabilities: ₹6,636.85 lakh