Kranti Industries has announced that its register of members and share transfer books will remain closed from Tuesday, September 22, 2026, to Monday, September 28, 2026. This closure is to determine the record of shareholders eligible to attend the company's 31st Annual General Meeting (AGM).

The intimation was filed with BSE Limited on September 2, 2026, pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Sampada Shekhar Barsawade, Company Secretary and Compliance Officer, confirmed the dates in the regulatory filing.

Financial Performance

FY2025-26 marked a landmark year for the precision-engineering company, with consolidated revenue crossing ₹100 crore for the first time in its history. The company also returned to profitability at both standalone and consolidated levels after reporting a loss in FY2024-25.

The following table summarises the standalone and consolidated financial performance for FY2025-26 versus FY2024-25 (₹ in lakhs):

On a standalone basis, gross revenue stood at ₹93.88 crore with EBITDA of ₹12.44 crore and net profit of ₹2.60 crore. Consolidated revenue stood at ₹101.80 crore, while consolidated EBITDA reached ₹11.73 crore. Consolidated ROCE was 5.90% and the debt-to-equity ratio stood at 1.09.

Key Financial Ratios (Standalone)

Historical Revenue and Profitability Trends (Standalone, ₹ in lakhs)

Strategic Milestones in FY2025-26

Several strategic developments defined the year:

• Fourth manufacturing facility commissioned: Plant 4 at Sargoth, Rajasthan (approximately 35,160 sq. ft.) commenced commercial operations on January 1, 2026, and was operating at approximately 55% capacity utilisation. The facility is equipped with more than 45 advanced CNC machines.
• Defence sector entry: The company entered the defence sector through business engagements with Armoured Vehicles Nigam Limited (AVNL).
• Joint venture incorporated: KRAKO Precision Private Limited, a joint venture with the Kores Group, was incorporated in October 2025 for machining of critical casting components. The company invested ₹87.50 lakhs for a 35% equity stake. The Phase 1 facility at Halol, Gujarat commenced commercial production from Q1 of FY2026-27.
• Preciso Metall disinvestment: The company transferred 8,00,000 equity shares of Preciso Metall Private Limited, reducing its stake from 59.84% to 47.66%, causing Preciso Metall to cease being a subsidiary and become an associate with effect from March 27, 2026.
• Share capital increase: The paid-up share capital increased from ₹12,51,04,000 to ₹12,76,04,000 following allotment of 2,50,000 equity shares upon conversion of convertible warrants at ₹80 per share.

Revenue Mix and Operational Highlights

Kranti Industries serves customers across automotive (69.05%), construction (14.11%), industrial (13.86%), infrastructure (2.95%), and defence (0.02%) segments. The company operates four manufacturing facilities with more than 120 advanced CNC and multi-axis machining centres and reported a total workforce of 507 employees with an employee retention rate of 98.06%.

During FY2025-26, the company developed and commercialised 12 new products, with another 15 at various stages of development. Nearly 90% of production lines at the Pune facilities are digitally connected under Smart Factory initiatives. Foreign exchange earnings for the year amounted to approximately ₹397.97 lakhs.

AGM and Corporate Actions

The 31st AGM is scheduled for September 28, 2026, at 3:30 pm at the company's registered office in Pirangut, Pune. Key resolutions include adoption of standalone and consolidated financial statements, re-appointment of Smt. Indubala Subhash Vora (DIN: 02018226) as a director retiring by rotation, revision in remuneration of Mr. Sachin Subhash Vora (DIN: 02002468) as Chairman & Managing Director and Mr. Sumit Subhash Vora (DIN: 02002416) as Whole-Time Director, and approval for mortgage creation and borrowing limits up to ₹300 crore. The e-voting period runs from September 24 to September 27, 2026.

The statutory audit was conducted by M/s. GMCS & Co., Chartered Accountants, who issued an unmodified opinion on both standalone and consolidated financial statements. The secretarial audit was undertaken by M/s. H. J. Patel & Co., Company Secretaries.

Kranti Industries reported a consolidated net loss of ₹9.08 lakh for the first quarter of FY27, widening significantly from a ₹59.63 lakh profit in the corresponding quarter of FY26. The company’s standalone entity also turned unprofitable, posting a net loss of ₹5.5 lakh compared to a profit of ₹66.6 lakh in Q1FY26.

The earnings conference call for the quarter ended June 30, 2026, was held on August 17, 2026. Chairman and Managing Director Sachin Subhash Vora and Whole Time Director Sumit Subhash Vora represented the company during the session. Company Secretary Sampada Shekhar Barsawade confirmed that the transcript and audio recording have been made available on the company’s website pursuant to Regulation 30 and Regulation 46 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Revenue from operations stood at ₹2,546.6 lakh on a standalone basis, representing a 26.8% increase year-on-year from ₹2,008.2 lakh. On a consolidated basis, revenue was also ₹2,546.6 lakh. Chairman and Managing Director Sachin Subhash Vora attributed the top-line growth to stable domestic demand and rising localization in the Indian automotive sector.

Financial Performance

The company’s operating performance showed marked improvement despite the bottom-line loss. Gross profit rose to ₹1,261.3 lakh, reflecting a gross profit margin of 49.5%, up from 43.9% in Q1FY26. EBITDA amounted to ₹287.6 lakh, corresponding to an EBITDA margin of 11.3%. This was a significant improvement from the ₹166.5 lakh EBITDA recorded in Q4FY26.

The shift to a net loss was primarily driven by increased finance costs arising from higher working capital requirements, along with higher depreciation. Employee benefit expenses surged to ₹550.88 lakh (standalone), up from ₹315.23 lakh in Q1FY26. Finance costs also increased to ₹127.71 lakh from ₹85.59 lakh during the same period.

What the Numbers Show

A notable divergence exists between operational efficiency and profitability metrics. While EBITDA margins expanded by 562 basis points year-on-year to 11.3%, indicating improved cost control and business mix, this operational gain was entirely offset by non-operating expenses. The rise in finance costs and depreciation prevented the strong EBITDA performance from translating into net profit, highlighting sensitivity to working capital cycles and debt servicing costs.

Corporate Developments

During the year ended March 31, 2026, the company ceased control over Preciso Metal Private Limited, deconsolidating it from its financial statements. Conversely, Kranti Industries acquired a 35% equity stake in Krako Precision Private Limited in October 2025. Krako Precision commenced commercial operations in Q1FY27, and its results are accounted for using the equity method.

The Board of Directors approved the unaudited financial results on August 13, 2026. GMCS & Co., Chartered Accountants, issued a limited review report on both standalone and consolidated figures.