Results for the FY 31st March 2026

Kernex Microsystems reported strong financial performance for FY26 with standalone revenue growing 124% to Rs 42,581 lakhs from Rs 18,965 lakhs in FY25. Consolidated revenue stood at Rs 43,022 lakhs. Profit after tax increased 76% to Rs 8,824 lakhs from Rs 5,005 lakhs, with basic EPS rising to Rs 52.71 from Rs 29.98. The company has an order book of Rs 4,150 crores with 30% execution completed. However, operating cash flow turned sharply negative at Rs 9,974 lakhs compared to positive Rs 1,455 lakhs in FY25, driven by massive increases in trade receivables (from Rs 2,365 to Rs 31,626 lakhs) and inventories (from Rs 5,258 to Rs 37,132 lakhs). Warranty provisions tripled to Rs 1,377 lakhs. The statutory auditors issued an unmodified opinion but included an Emphasis of Matter regarding recoverability of trade receivables of Rs 423 lakhs outstanding over 3 years and bank guarantees of Rs 265 lakhs under arbitration.