Outcome of the Board Meeting dated February 10, 2026
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Krishanveer Forge's board, meeting on February 10, 2026, approved the unaudited financial results for Q3 and nine months ended December 31, 2025. Revenue from operations grew to ₹2,033 lakhs in Q3, up about 12% year-on-year from ₹1,816 lakhs. Net profit for the quarter rose sharply to ₹175.89 lakhs from ₹121.28 lakhs a year ago, helped by a deferred tax credit, though profit before tax of ₹182.87 lakhs was broadly flat after a ₹74.64 lakh exceptional charge from new Labour Codes (gratuity and leave encashment remeasurement). For nine months, profit jumped to ₹552.23 lakhs from ₹418.87 lakhs, with EPS of ₹5.14 versus ₹3.83 last year. The board also approved the sale, lease or disposal of about 2,402 sq. metres of land at Kharabwadi, Chakan, to Hydrolines (Bangalore) Private Limited, a non-related party, mainly to give Hydrolines road access.
Improved quarterly profitability and revenue growth signal steady operational performance, while the one-time Labour Code exceptional charge is a non-recurring adjustment. The land disposal to an unrelated third party is modest in scale and unlikely to materially affect the business, though it could provide a small inflow depending on the final deal terms.