Investor Presentation
Price
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Awaiting price reaction for this filing.
Kinetic Engineering filed its Q2 & H1 FY26 investor presentation on December 4, 2025. Q2 FY26 consolidated net sales rose 10.8% YoY to ₹393 Mn with EBITDA margin recovering to 4.2% from -5.7% in Q1 FY26. However, H1 FY26 remained under pressure with adjusted PAT of -₹42.3 Mn vs -₹4.3 Mn a year ago, and EBITDA of -₹3.6 Mn. The company's EV subsidiary Kinetic Watts & Volts (KWV) opened its first showroom on October 16, 2025 and began Kinetic DX deliveries in late November 2025, with a target of 5,000 units/~₹50 Cr by March 2026 and 60,000 units/~₹600 Cr by FY 2026-27. Promoter holding has risen from 49% in FY21 to 61% in FY25, with ₹160 Cr already infused via warrants and ₹177 Cr more planned for the KWV/DX platform. Net debt-to-equity has improved sharply from 1.7% in FY23 to 0.2% in FY25.
The sharp sequential EBITDA swing back to positive in Q2 and the aggressive EV ramp-up under the iconic Kinetic DX brand could re-rate the stock if execution holds, but H1 FY26 losses and rising finance costs (interest up 63.8% YoY in H1) keep near-term profitability uncertain. Strong promoter capital commitment signals long-term confidence, while the FY27 EBITDA profitability target provides a clear medium-term milestone for investors to track.