KRBL FY26 PAT rises 36% to ₹6,480 cr, dividend ₹4.50
KRBL announced its audited financial results for FY26, reporting a 36% YoY increase in consolidated PAT to ₹648 crore and total income of ₹6,168 crore. The board recommended a final dividend of ₹4.50 per share, while the auditor issued a qualified opinion regarding an ongoing ED investigation.

*this image is generated using AI for illustrative purposes only.
KRBL has announced its audited standalone and consolidated financial results for the quarter and year ended 31 March 2026. The company reported a strong year-on-year improvement in profitability across both standalone and consolidated financials, while the board recommended a final dividend of ₹4.50 per equity share for FY26. The results were audited by Walker Chandiok & Co LLP, which issued a qualified opinion on both standalone and consolidated statements in connection with an ongoing Enforcement Directorate investigation.
Q4 and Full-Year Consolidated Financial Performance
On a consolidated basis, KRBL delivered robust growth for the full year ended 31 March 2026. Revenue from operations stood at ₹6,098 crore, while total income rose to ₹6,168 crore from ₹5,655 crore in the previous year. Consolidated profit after tax surged to ₹648 crore from ₹476 crore year-on-year, reflecting significant bottom-line expansion. For Q4 specifically, consolidated revenue from operations stood at ₹1,526 crore compared to ₹1,442 crore in Q4 of the prior year, and quarterly profit after tax came in at ₹155 crore versus ₹154 crore.
| Metric: | Q4 FY26 | Q4 FY25 | FY 2026 | FY 2025 |
|---|---|---|---|---|
| Revenue from operations (₹ crore): | 1,526 | 1,442 | 6,098 | 5,594 |
| Total Income (₹ crore): | 1,534 | 1,454 | 6,168 | 5,655 |
| Profit Before Tax (₹ crore): | 210 | 207 | 873 | 640 |
| Profit After Tax (₹ crore): | 155 | 154 | 648 | 476 |
Standalone Financial Highlights
The standalone results mirror the consolidated performance closely. For the full year ended 31 March 2026, standalone revenue from operations stood at ₹6,09,786 lakh against ₹5,59,381 lakh in the prior year. Standalone profit after tax rose sharply to ₹64,768 lakh from ₹47,580 lakh year-on-year. Total standalone income for the year was ₹6,16,789 lakh compared to ₹5,65,479 lakh previously. For Q4, standalone profit after tax was ₹15,529 lakh versus ₹15,426 lakh in Q4 of the prior year.
| Metric: | Q4 FY26 | Q4 FY25 | FY26 (Full Year) | FY25 (Full Year) |
|---|---|---|---|---|
| Revenue from Operations (₹ lakh): | 1,52,550 | 1,44,225 | 6,09,786 | 5,59,381 |
| Total Income (₹ lakh): | 1,53,369 | 1,45,355 | 6,16,789 | 5,65,479 |
| Profit Before Tax (₹ lakh): | 21,010 | 20,659 | 87,259 | 63,976 |
| Profit After Tax (₹ lakh): | 15,529 | 15,426 | 64,768 | 47,580 |
Segment Performance
KRBL operates across two primary segments — Agri and Energy. For the full year ended 31 March 2026, the Agri segment contributed net segment revenue of ₹6,08,790 lakh (consolidated), up from ₹5,57,223 lakh in the prior year, while the Energy segment contributed ₹23,447 lakh against ₹20,444 lakh previously. On a geographical basis, domestic Agri revenue for the full year stood at ₹4,53,281 lakh, while international Agri revenue was ₹1,55,509 lakh. Segment results for the Agri segment (consolidated) improved to ₹82,565 lakh from ₹59,632 lakh, and the Energy segment delivered ₹6,607 lakh versus ₹5,721 lakh in the prior year.
| Segment: | FY26 Revenue (₹ lakh) | FY25 Revenue (₹ lakh) | FY26 Segment Result (₹ lakh) | FY25 Segment Result (₹ lakh) |
|---|---|---|---|---|
| Agri: | 6,08,790 | 5,57,223 | 82,565 | 59,632 |
| Energy: | 23,447 | 20,444 | 6,607 | 5,721 |
| Total (Net): | 6,09,786 | 5,59,381 | — | — |
Balance Sheet and Cash Flow
As at 31 March 2026, consolidated total assets stood at ₹6,59,792 lakh compared to ₹6,22,595 lakh as at 31 March 2025. Total equity attributable to owners of the holding company was ₹5,80,649 lakh, with other equity at ₹5,78,360 lakh. Current borrowings declined significantly to ₹13,003 lakh from ₹37,657 lakh, reflecting improved debt management. Inventories stood at ₹3,71,366 lakh versus ₹3,88,485 lakh in the prior year. On the cash flow front, net cash flow from consolidated operating activities for the year was ₹93,253 lakh, while net cash used in investing activities was ₹29,829 lakh. Cash and cash equivalents at the year end (consolidated) stood at ₹46,660 lakh compared to ₹18,539 lakh at the beginning of the year.
Dividend, Key Appointments, and Corporate Developments
The Board of Directors recommended a final dividend of ₹4.50 (450%) per paid-up equity share of ₹1 each, aggregating to ₹10,300 lakh for the financial year ended 31 March 2026, subject to shareholder approval at the ensuing Annual General Meeting. The board also approved the appointment of Mr. Shubham Kandhway as Company Secretary and Compliance Officer with effect from 14 May 2026. Mr. Kandhway is a Fellow Member of the Institute of Company Secretaries of India with over 15 years of experience in legal, compliance, and governance. Additionally, M/s. S S Kothari Mehta & Co. LLP was re-appointed as Internal Auditors for the financial year 2026-27.
| Appointment: | Details |
|---|---|
| Company Secretary & Compliance Officer: | Mr. Shubham Kandhway (w.e.f. 14 May 2026) |
| Internal Auditors (FY2026-27): | M/s. S S Kothari Mehta & Co. LLP (Re-appointed) |
| Final Dividend: | ₹4.50 (450%) per equity share of ₹1 each |
| Total Dividend Outflow: | ₹10,300 lakh |
Audit Qualification and Regulatory Matters
Walker Chandiok & Co LLP issued a qualified opinion on both the standalone and consolidated financial results for the year ended 31 March 2026. The qualification relates to an ongoing Enforcement Directorate (ED) investigation into the company's Joint Managing Director under the Prevention of Money Laundering Act, 2002, in connection with the AgustaWestland case. The ED has filed a criminal complaint alleging that M/s Rawasi Al Khaleej General Trading LLC received proceeds of crime of USD 24.62 million during 2008-2010, which were allegedly transferred to KRBL through its subsidiary KRBL DMCC. An independent professional firm appointed by the board found no conclusive evidence to ascertain the impact on the financial statements. The audit qualification has been continuing since 31 March 2021, and the adjusted financial figures remain not ascertainable. The management, based on legal assessments and independent counsel, has stated that no adjustment is required in the accompanying statements. Separately, a land parcel at Dhuri, Punjab, attached by the ED to the extent of ₹1,532 lakh, remains under attachment pending final adjudication by the Appellate Tribunal under PMLA, with the next hearing scheduled for 8 July 2026. The deposit of ₹1,113 lakh previously made by the company was refunded on 6 March 2026 in accordance with the Appellate Tribunal's order dated 19 March 2025.
Historical Stock Returns for KRBL
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.26% | -10.35% | +4.21% | -21.08% | +6.72% | +54.27% |
How might the resolution or escalation of the ongoing ED investigation and PMLA proceedings impact KRBL's ability to expand its international operations and maintain its premium credit ratings?
Given the 33% year-on-year decline in Middle East export revenue in Q4 FY26, what alternative markets or product strategies could KRBL pursue to diversify its export revenue base and reduce geographic concentration risk?
With net bank borrowings turning negative at ₹(789) crore and cash reserves at ₹919 crore, how is KRBL likely to deploy its surplus liquidity — through acquisitions, capacity expansion, or enhanced shareholder returns in FY27?


































