Outcome of Board Meeting held on May 29, 2026 for approval of Audited Results for quarter and year ended March 31, 2026.
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Kinetic Engineering reported FY2026 consolidated revenue of Rs. 15,775 Lakhs, up 10.7% from Rs. 14,246 Lakhs in FY2025. However, profit after tax (PAT) dropped sharply to Rs. 90 Lakhs from Rs. 604 Lakhs in the prior year—a decline of over 85%. The standalone PAT fell to Rs. 236 Lakhs from Rs. 654 Lakhs. Exceptional items of Rs. 76 Lakhs (past service cost for gratuity due to wage code revision) impacted profitability. No current tax was provided due to carried forward business losses and unabsorbed depreciation. Operating cash flows remained negative at Rs. 1,898 Lakhs (consolidated). The company also raised Rs. 4,489 Lakhs via equity warrant conversion and invested Rs. 13 Crore in subsidiary Kinetic Watts & Volts Ltd, increasing its stake to 84.69%.
Sharp PAT decline despite revenue growth signals cost pressures and margin compression. Negative operating cash flow and zero tax provision indicate potential profitability challenges ahead. The equity raise and subsidiary investment suggest strategic expansion but may dilute near-term earnings.