KRBL FY26 PAT rises 36% to ₹648 crore; dividend ₹4.50
KRBL reported a 36% YoY rise in consolidated PAT to ₹648 crore for FY26, with revenue from operations growing to ₹6,098 crore. The Board recommended a final dividend of ₹4.50 per share. The company also addressed an ongoing ED investigation and audit qualification.
*this image is generated using AI for illustrative purposes only.
KRBL has published its audited financial results for the fourth quarter and financial year ended 31 March 2026. The results were approved by the Board of Directors at their meeting held on May 14, 2026. The company also held an earnings conference call on May 18, 2026, to discuss the performance.
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. The company reported consolidated earnings per equity share (face value ₹1 each) of ₹6.79 for Q4 and ₹28.31 for the full year, compared to ₹6.74 and ₹20.80 respectively in the prior periods.
| Metric: | Q4 FY26 | Q4 FY25 | FY26 | FY25 |
|---|---|---|---|---|
| Total Income from Operations (₹ lakh): | 1,52,550 | 1,44,225 | 6,09,786 | 5,59,381 |
| Net Profit Before Tax (₹ lakh): | 21,019 | 20,654 | 87,295 | 64,001 |
| Net Profit After Tax / PAT (₹ lakh): | 15,538 | 15,421 | 64,804 | 47,605 |
| Total Comprehensive Income (₹ lakh): | 15,375 | 15,537 | 64,629 | 47,396 |
| Paid-up Equity Share Capital (₹ lakh): | 2,289 | 2,289 | 2,289 | 2,289 |
| Other Equity (₹ lakh): | — | — | 5,78,360 | 5,21,742 |
| Basic EPS (₹): | 6.79 | 6.74 | 28.31 | 20.80 |
| Diluted EPS (₹): | 6.79 | 6.74 | 28.31 | 20.80 |
Standalone Financial Highlights
The standalone results closely mirror the consolidated performance. 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. 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. 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. 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.
Historical Stock Returns for KRBL
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.60% | -1.00% | -3.95% | -10.46% | -2.71% | +56.91% |
How might the ongoing ED investigation and audit qualification impact KRBL's ability to secure international partnerships or export contracts in key markets like the Middle East?
With current borrowings declining sharply and cash reserves nearly tripling, how is KRBL likely to deploy its strengthened balance sheet — through capacity expansion, acquisitions, or further debt reduction?
Given the strong growth in international Agri revenue, which geographies or product categories is KRBL targeting for export expansion in FY27, particularly amid evolving global basmati rice demand?
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