Kernex Q2 FY26: revenue up, standalone PAT dips on qualified audit

Qualified audit opinionEmphasis of matterRevenue growth above 20%Profit growth above 25%Negative operating cash flowRelated-party transactionsResults View source PDF Explain this filing

KERNEX · price

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Price reactionminutes from the announcement price · days from the prior close

-2.6%Reaction day

₹1315.70

prior close

₹1212.10

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-0.1%-2.5% vs market

Transport Services peers, median of 62sector · industry level-0.1%-2.5% vs sector

On the reaction day the stock moved 2.5 pts less than Nifty Microcap 250 and 2.5 pts less than its Transport Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Reaction day

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Next day

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UpDownMarket · Nifty Microcap 250Sector · Transport Services peers, median of 62Pending

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AI summary

Consolidated Q2 revenue rose to Rs 4,712 lakh from Rs 4,122 lakh year-on-year. H1 FY26 revenue jumped 47 percent to Rs 10,305 lakh and consolidated PAT grew 34 percent to Rs 1,393 lakh. Standalone Q2 PAT fell sharply to Rs 250 lakh from Rs 725 lakh on higher credit loss provisions. Auditor issued a qualified opinion flagging non-impairment of Rs 1,276 lakh investment in US subsidiary Avant-Garde Infosystems and an emphasis of matter on aged receivables of Rs 423 lakh and bank guarantees under arbitration.

Likely market impact

Qualified audit on subsidiary write-down and steep standalone profit fall raise concerns, though consolidated H1 growth stays strong.