Krishanveer Forge FY26 net profit rises 102% to ₹113.77 crore
Krishanveer Forge reported a 102% rise in net profit to ₹113.77 crore for FY26, with revenue increasing to ₹893.05 crore. The Q4 profit surged to ₹57.55 crore, aided by a land transfer gain. The Board recommended a ₹3 dividend and re-appointed key personnel.
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Krishanveer Forge reported a 102% rise in net profit to ₹113.77 crore for the financial year ended March 31, 2026, compared to ₹56.37 crore in the previous year. Revenue from operations increased to ₹893.05 crore from ₹827.97 crore in FY25. The Board of Directors has recommended a final dividend of ₹3 per equity share, subject to shareholder approval at the ensuing Annual General Meeting.
The company’s profit for the quarter ended March 31, 2026, stood at ₹57.55 crore, a significant increase from ₹14.48 crore in the corresponding quarter of the previous year. This growth was supported by a one-time exceptional gain of ₹34.91 crore arising from the transfer of a piece of land. Additionally, the financial results included an incremental liability of ₹0.75 crore related to the new Labour Codes notified by the Government of India.
Total income for FY26 reached ₹906.02 crore, up from ₹837.56 crore in the prior year. Total expenses for the year were reported at ₹787.81 crore, compared to ₹761.72 crore in FY25. The statutory auditors, M/s. Gokhale, Tanksale & Ghatpande, issued an unmodified opinion on the audited financial results.
The Board also approved the re-appointment of Mr. Nitin Rajore as Whole Time Director for a term of five years effective from December 01, 2026, subject to shareholder approval. Furthermore, M/s. G R Patel & Associates were re-appointed as Internal Auditors for the financial year 2026-27.
Financial Performance for FY26
| Particulars | Year ended March 31, 2026 (₹ in Lakhs) | Year ended March 31, 2025 (₹ in Lakhs) |
|---|---|---|
| Revenue from Operations | 8,930.460 | 8,279.653 |
| Total Income | 9,060.180 | 8,375.649 |
| Total Expenses | 7,878.149 | 7,617.169 |
| Profit Before Tax | 1,456.422 | 758.480 |
| Net Profit | 1,137.715 | 563.709 |
| Earnings Per Share (Basic) | 10.400 | 5.153 |
Key Board Decisions
- Recommended a final dividend of 30%, or ₹3.00 per equity share of ₹10 each, for FY26.
- Re-appointed Mr. Nitin Rajore as Whole Time Director for five years from December 01, 2026.
- Re-appointed M/s. G R Patel & Associates as Internal Auditor for FY27.
Historical Stock Returns for Krishnaveer Forge
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.27% | +2.94% | -0.46% | -5.93% | +43.43% | +164.89% |
How will Krishanveer Forge sustain its profit growth in FY27 without the benefit of the one-time land sale gain?
What are the company's capital allocation plans following the land transfer and strong cash flow generation?
How will the implementation of the new Labour Codes impact operational costs and margins in the coming year?
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