Kross Limited has informed the Exchange about Transcript
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Kross Limited shared its Q1 FY26 earnings call transcript. Revenue declined 4.8% YoY to Rs. 139.4 crores due to weak commercial vehicle (CV) demand, but profit after tax grew ~40% to Rs. 10.7 crores with PAT margin improving 245 basis points to 7.7%. EBITDA margin improved to 11.6% (corrected from stated 13.6%). Management guided for 10-15% revenue growth in FY26, with H2 expected to be at least 25% better than H1, and EBITDA margins of 13.5-14%. Key updates include: a new extrusion line launching in Q3 FY26 to expand axle capacity from 5,000 to 7,500 units/month, seamless tube facility targeted for Q4 FY27 (potential Rs. 600 crores revenue in 2-3 years), and a new European Tier-1 export order worth ~Rs. 40 crores annually starting Q2 FY27.
Positive for shareholders: management is guiding for double-digit revenue growth, margin expansion to 13.5-14% EBITDA, and has a clear order pipeline including new export wins. The seamless tube backward integration and capacity expansion could drive long-term value, though near-term CV segment weakness remains a watchpoint.