- Home
- Results news
- Krishna Defence and Allied Industries
- Q2 FY27 results
Krishna Defence and Allied Industries Q2 FY27 results: net profit ₹26.76 crore, revenue up 10.3%
Krishna Defence and Allied Industries Limited reported consolidated revenue of ₹132.89 crore and a net profit of ₹26.76 crore for Q2 FY27. EBITDA was ₹35.33 crore at a 26.6% margin, while basic EPS was ₹17.94. On a standalone basis, revenue was ₹132.89 crore and net profit was ₹26.79 crore.
Key points
- Consolidated revenue rose 10.3% year on year to ₹132.89 crore and 130.7% from Q1 FY27’s ₹57.60 crore.
- EBITDA increased 76.2% from ₹20.05 crore in Q2 FY26 to ₹35.33 crore in Q2 FY27.
- The consolidated EBITDA margin was 26.6%, compared with 16.6% a year earlier and 26.3% in Q1 FY27.
- Net profit was ₹26.76 crore in Q2 FY27, against ₹11.44 crore in Q1 FY27, while basic EPS was ₹17.94.
- The board declared an interim dividend of ₹0.75 per equity share and fixed 5 November 2026 as the record date.
How did Krishna Defence and Allied Industries perform in Q2 FY27?
On a consolidated basis, revenue was ₹132.89 crore in Q2 FY27, up 10.3% from ₹120.47 crore in Q2 FY26 and 130.7% from ₹57.60 crore in Q1 FY27. Total income was ₹135.54 crore, against ₹121.38 crore a year earlier and ₹58.54 crore in the previous quarter.
EBITDA was ₹35.33 crore, up 76.2% from ₹20.05 crore in the year-ago quarter and 133.0% from ₹15.16 crore in Q1 FY27. The margin was 26.6%, compared with 16.6% in Q2 FY26 and 26.3% in the previous quarter.
Profit before tax was ₹35.41 crore, up 70.3% from ₹20.79 crore a year earlier and 137.7% from ₹14.90 crore in Q1 FY27. The company reported a net profit of ₹26.76 crore, up 133.9% from ₹11.44 crore in the previous quarter, and basic EPS was ₹17.94, against ₹12.71 in Q2 FY26 and ₹7.66 in Q1 FY27. Standalone revenue was ₹132.89 crore and net profit was ₹26.79 crore.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 132.89 | 57.60 | 120.47 | +10.3% | +130.7% |
| Other income | 2.65 | 0.94 | 0.92 | +188.0% | +181.9% |
| Total expenses | 100.13 | 43.64 | 100.60 | −0.5% | +129.4% |
| EBITDA | 35.33 | 15.16 | 20.05 | +76.2% | +133.0% |
| EBITDA margin | 26.6% | 26.3% | 16.6% | +10.0 pp | +0.3 pp |
| Profit before tax | 35.41 | 14.90 | 20.79 | +70.3% | +137.7% |
| Tax | 8.70 | 3.23 | 5.16 | +68.6% | +169.3% |
| Net profit | 26.76 | 11.44 | +133.9% | ||
| EPS (₹) | 17.94 | 7.66 | 12.71 | +41.1% | +134.2% |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in Krishna Defence and Allied Industries' costs and profit?
Total expenses were ₹100.13 crore, down 0.5% from ₹100.60 crore in Q2 FY26 even as revenue rose 10.3%. Cost of materials fell 21.8% to ₹42.63 crore and other expenses declined 18.7% to ₹25.08 crore. Employee cost was ₹10.36 crore, up 1.5%, while finance costs rose 27.8% to ₹0.23 crore.
Other income increased 188.0% to ₹2.65 crore from ₹0.92 crore in Q2 FY26. Profit before tax rose 70.3% to ₹35.41 crore, while tax increased 68.6% to ₹8.70 crore from ₹5.16 crore. There was no exceptional item in either quarter.
Against Q1 FY27, total expenses rose 129.4% to ₹100.13 crore, broadly tracking the 130.7% increase in revenue. The EBITDA margin nevertheless edged up from 26.3% to 26.6%, while the net profit margin was 20.1%, compared with 19.9%. Management attributed the margin support to product mix and factory additions.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 42.63 | 54.54 | −11.91 | −21.8% |
| Employee cost | 10.36 | 10.21 | +0.15 | +1.5% |
| Finance costs | 0.23 | 0.18 | +0.05 | +27.8% |
| Other expenses | 25.08 | 30.85 | −5.77 | −18.7% |
| Total expenses | 100.13 | 100.60 | −0.47 | −0.5% |
| Other income | 2.65 | 0.92 | +1.73 | +188.0% |
| Tax | 8.70 | 5.16 | +3.54 | +68.6% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
Total assets rose to ₹260.42 crore on 30 September 2026 from ₹217.10 crore on 31 March 2026. Total equity increased to ₹219.81 crore from ₹193.53 crore, while borrowings rose to ₹5.83 crore from ₹2.06 crore. Cash and cash equivalents fell to ₹3.16 crore from ₹6.03 crore.
Inventories declined to ₹10.81 crore from ₹16.31 crore, while trade receivables rose to ₹88.86 crore from ₹34.68 crore. Trade payables increased to ₹18.31 crore from ₹6.66 crore. Management said most dispatches occurred in late August and September, with payments generally received 45–60 days later, and expected year-end normalisation.
H1 FY27 operating cash flow was negative ₹5.17 crore, compared with ₹22.39 crore in H1 FY26. Investing cash flow was negative ₹1.74 crore, compared with negative ₹27.22 crore, while financing cash flow was ₹4.03 crore, against ₹10.67 crore. Capital expenditure was ₹9.05 crore, compared with ₹7.90 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 260.42 | 217.10 |
| Total equity | 219.81 | 193.53 |
| Borrowings | 5.83 | 2.06 |
| Cash and equivalents | 3.16 | 6.03 |
| Inventories | 10.81 | 16.31 |
| Trade receivables | 88.86 | 34.68 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −5.17 | 22.39 |
| Cash from investing | −1.74 | −27.22 |
| Cash from financing | 4.03 | 10.67 |
| Capital expenditure | 9.05 | 7.90 |
Source: Company's results filing (XBRL).
How has Krishna Defence and Allied Industries done over the last 6 quarters?
Revenue moved from ₹100.82 crore in Q4 FY25 to ₹120.47 crore in Q2 FY26, then fell to ₹63.66 crore in Q3 FY26 and ₹64.85 crore in Q4 FY26. It reached ₹57.60 crore in Q1 FY27 before rising to ₹132.89 crore in Q2 FY27, the highest point in the reported trend.
Profit increased from ₹10.11 crore in Q3 FY26 to ₹12.81 crore in Q4 FY26 and ₹11.44 crore in Q1 FY27, then reached ₹26.76 crore in Q2 FY27. The EBITDA margin also moved upward, from 14.6% in Q4 FY25 to 26.6% in Q2 FY27, after bottoming at 14.6% in the available series.
What else did the company announce?
The board approved the unaudited standalone and consolidated financial results for the quarter ended 30 September 2026, together with the auditors’ limited review report. It declared an interim dividend of ₹0.75 per equity share of ₹10 each, or 7.5%, for FY27, and fixed 5 November 2026 as the record date.
The board approved the appointment of Mitanshu Shah as an Additional Independent Director for five consecutive years from 1 November 2026, subject to shareholder approval. It also appointed Chandni Shah as Company Secretary and Compliance Officer with effect from 1 November 2026.
What did Krishna Defence and Allied Industries' management say?
Management maintained its ambition of approximately 30% growth for FY27 and the medium term and described H1 FY27 performance as close to target. The CFO said the focus remained on sustaining margins while converting the order pipeline into profitable growth, and management attributed the margin support to product mix and factory additions.
Management said VABO revenue may begin in Q4 FY27, while ammunition and underwater platforms remain longer-dated. It also said new ventures may take 12–18 months or longer before contributing meaningful revenue and that naval approvals and order timing remain outside its control.
On receivables, management said most sales occurred in late August and September and that the usual payment cycle is 45–60 days. It expected year-end normalisation and said the company’s win ratio is generally about 50%, with bids in the pipeline potentially converting in three to six months if the company is declared the winner.
How did Krishna Defence and Allied Industries shares react?
The filing appeared after market hours. The stock moved from its pre-results close to 2.9% higher after five minutes, 5.2% after 15 minutes and 3.5% after 30 minutes. On the reaction day, it closed 7.2% higher from the previous close of ₹1,142.20, at a post-filing reference price of ₹1,190.00.
Earlier reaction-day moves were mixed: the stock fell 9.1% on 12 August 2026 and 3.2% on 20 May 2026, then rose 1.9% on 14 February 2026 and 6.9% on 14 November 2025. It had also fallen 11.4% on 20 May 2025 and risen 19.3% on 25 May 2024.
| After the filing | Stock | Aerospace & Defense median |
|---|---|---|
| 5 minutes | +2.9% | |
| 15 minutes | +5.2% | |
| 30 minutes | +3.5% | |
| Reaction day | +7.2% | −3.7% |
| Next day | +7.3% | −1.8% |
Minutes are measured from the price when the filing appeared; days from the previous close. Source: MarketPing price-reaction measurement.
| Results filed on | Stock on the reaction day |
|---|---|
| 12 August 2026 | −9.1% |
| 20 May 2026 | −3.2% |
| 14 February 2026 | +1.9% |
| 14 November 2025 | +6.9% |
| 20 May 2025 | −11.4% |
| 11 November 2024 | +2.0% |
| 25 May 2024 | +19.3% |
Source: MarketPing price-reaction measurement.
How did other Aerospace & Defense companies do?
Nine other Aerospace & Defense companies that filed for the quarter were compared with Krishna Defence and Allied Industries. Their median revenue growth was 42.9%, while one peer grew more slowly than Krishna Defence and Allied Industries and eight peers grew faster. Among the eight peers for which profit was compared, eight reported higher profit.
| Krishna Defence and Allied Industries revenue growth (YoY) | +10.3% |
|---|---|
| Median of 9 other Aerospace & Defense companies | +42.9% |
| Companies with slower revenue growth than Krishna Defence and Allied Industries | 1 of 9 |
| Companies with faster revenue growth than Krishna Defence and Allied Industries | 8 of 9 |
| Companies whose net profit rose | 8 of 8 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Krishna Defence and Allied Industries' revenue in Q2 FY27?
Revenue from operations was ₹132.89 crore, up 10.3% from ₹120.47 crore in Q2 FY26 (consolidated).
Did Krishna Defence and Allied Industries make a profit in Q2 FY27?
Yes. Net profit was ₹26.76 crore.
What was Krishna Defence and Allied Industries' EPS in Q2 FY27?
Basic earnings per share were ₹17.94, against ₹12.71 in Q2 FY26.
How did Krishna Defence and Allied Industries shares react to the Q2 FY27 results?
On the reaction day the stock moved +7.2% from the previous close; the median Aerospace & Defense stock moved −3.7%.
When did Krishna Defence and Allied Industries announce its Q2 FY27 results?
On 29 October 2026, in a filing to the NSE.
Sources
- Outcome of Board Meeting (NSE, 29 October 2026) · PDF
- The earnings call (3 November 2026)
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
This is information, not investment advice. MarketPing does not recommend buying or selling any security.