Outcome of the Board Meeting held on 12th May 2026
KROSS · price
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Kross Limited reported audited standalone financial results for FY2025-26 with revenue from operations of Rs. 6,732.01 million, up 8.5% from Rs. 6,204.10 million in the previous year. Profit after tax grew 15% to Rs. 552.14 million from Rs. 480.27 million. Basic EPS improved to Rs. 8.56 per share from Rs. 8.04. The Board also approved appointment of M/s. Sohan Lal Jalan and Associate as Cost Auditor and GWC Professional Services Private Limited as Internal Auditor for FY2026-27. Statutory auditors S.K. Naredi & Co LLP issued an unmodified (clean) opinion. The auditor drew attention to a contingent asset of Rs. 45.45 million related to a favorable Jharkhand High Court order quashing electricity duty levy, pending finality of legal proceedings. The company listed on NSE/BSE in September 2024 via IPO and has fully utilized net IPO proceeds of Rs. 2,369.19 million.
The company delivered solid double-digit profit growth and margin expansion, with a clean audit opinion indicating no material concerns. The contingent asset reference is a positive note but remains unrealized pending court finality. Overall, these results should be viewed positively by shareholders.