Results for quarter and year ended 31.03.2026
KAVDEFENCE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Kavveri Defence reported FY26 revenue of Rs 510.21 lakhs, a steep decline from Rs 1,476.57 lakhs in FY25—representing approximately 65% drop in annual revenue. Profit after tax fell to Rs 81.17 lakhs from Rs 544.87 lakhs in the previous year, while EPS dropped to Rs 0.23 from Rs 2.71. The auditors issued a qualified opinion citing concerns over Rs 2,834.07 lakhs in subsidiary investments where subsidiaries are incurring losses and net worth erosion, with no fair valuation performed. Additionally, the company failed to reinstate forex balances for receivables/payables including related party balances. The auditors also highlighted emphasis of matter on Rs 22.80 lakhs outstanding from BSNL since 2003 and related party receivables.
The company faces significant financial deterioration with both revenue and profitability declining sharply. The qualified auditor opinion raises concerns about investment valuations and potential write-downs that could impact future earnings and net worth. Shareholders should monitor whether subsidiary performance improves to justify the Rs 2,834+ lakh investment carrying value.