Kernex FY26 profit rises 58% to ₹882 crore on revenue surge
Kernex Microsystems reported a 58% YoY increase in consolidated net profit to ₹882.43 crore for FY26, driven by a 127% surge in revenue to ₹4,302.21 crore. The Board approved the audited financial results and appointed Mrs. Parvathi Manthena as Non-Executive Director.
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Kernex Microsystems (India) Ltd reported a 58% year-on-year increase in consolidated net profit to ₹882.43 crore for the financial year ended March 31, 2026, driven by a 127% surge in revenue from operations to ₹4,302.21 crore. The Board of Directors approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, at its meeting held on May 29, 2026. M/s. NSVR and Associates LLP, Statutory Auditors, issued an unmodified opinion on the results.
Financial Performance
The company's revenue from operations for Q4FY26 stood at ₹2,545.77 crore, a significant increase from ₹830.70 crore in the corresponding quarter of the previous year. Q4 consolidated net profit came in at ₹683 million versus ₹326 million in the year-ago period, while Q4 EBITDA surged to ₹1.1 billion from ₹171 million year-on-year, with EBITDA margin expanding sharply to 41.3% from 20.6%. For the full year, total income rose to ₹4,324.68 crore from ₹1,912.21 crore in FY25. Profit before tax for the year increased to ₹1,170.43 crore from ₹325.06 crore in the previous year. Basic earnings per share (EPS) for FY26 improved to ₹52.71 from ₹29.98 in the prior year.
The table below summarises the full-year consolidated financial performance:
| Metric | FY26 (₹ in Lakhs) | FY25 (₹ in Lakhs) |
|---|---|---|
| Revenue from Operations | 43,022.12 | 18,977.39 |
| Total Income | 43,246.78 | 19,122.10 |
| Net Profit | 8,824.30 | 5,004.88 |
| Basic EPS | 52.71 | 29.98 |
Key Q4FY26 performance metrics are presented below:
| Metric | Q4FY26 | Q4FY25 |
|---|---|---|
| Revenue from Operations | ₹2,545.77 crore | ₹830.70 crore |
| Net Profit | ₹683 million | ₹326 million |
| EBITDA | ₹1.1 billion | ₹171 million |
| EBITDA Margin | 41.3% | 20.6% |
Operational Highlights
The company's aggregate outstanding order book stood at ₹4,150 crore, including GST, with CLW being the major order under execution. Supplies against this order have been completed to the extent of 30% as of May 29, 2026. The consolidated financial results include the performance of its wholly-owned subsidiary, Avant-Garde Infosystems Inc (USA), controlled entities Kernex TCAS JV and KERNEX–VRRC JV, and joint operations VRRC KERNEX CE RVR JV and KERNEX-BHEPL JV.
Board Appointments and Auditor Report
The Board approved the appointment of Mrs. Parvathi Manthena as a Non-Executive Director, subject to shareholder approval. Additionally, the Board approved the re-appointment of M/s. Thirupathi & Associates as Internal Auditors and M/s. M P R & Associates as Cost Auditors for FY26-27. M/s. NSVR and Associates LLP, Statutory Auditors, issued an unmodified opinion on the audited consolidated and standalone financial results. The auditors included an Emphasis of Matter regarding trade receivables of ₹422.73 lakh outstanding for over three years and bank guarantees of ₹265.03 lakh under arbitration.
Historical Stock Returns for Kernex Microsystems
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +13.76% | +24.88% | +26.21% | +45.91% | +55.19% | +2,497.85% |
How does the company plan to sustain the Q4 EBITDA margin expansion of 41.3% in the coming fiscal year?
What is the expected timeline for revenue recognition from the remaining 70% of the CLW order book?
Are there new tender pipelines or contract opportunities to replace the CLW order once execution is completed?
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