Krishanveer Forge FY26 net profit rises 102% to ₹113.77 crore
Krishanveer Forge Limited reported a 102% rise in net profit to ₹113.77 crore for FY26, driven by higher revenue of ₹893.05 crore and a one-time exceptional gain. The Board recommended a final dividend of ₹3 per share and approved the re-appointment of Mr. Nitin Rajore as Whole Time Director.
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Krishanveer Forge Limited 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 |
|---|---|---|---|---|---|
| -0.37% | +0.90% | +4.64% | -4.22% | +43.05% | +174.41% |
How will Krishanveer Forge sustain its profitability growth in FY27 after excluding the one-time exceptional land gain?
What strategic initiatives are planned to accelerate revenue growth given the modest year-over-year increase in operations?
What is the expected financial impact of the new Labour Codes on future operational costs and margins?
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