Krupalu Metals FY26 PAT falls 73% to ₹74.10 lakh, auditor confirms IPO fund use
Krupalu Metals Limited reported a 73% decline in PAT to ₹74.10 lakh for FY26, with revenue falling to ₹1,663.25 lakh. The statutory auditor confirmed that the ₹1,347.84 lakh raised via an IPO in September 2025 was utilized for capital expenditure, working capital, and general corporate purposes without deviation. The board accepted the resignation of the existing auditor and appointed a new firm subject to shareholder approval.

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Krupalu Metals Limited reported a profit after tax (PAT) of ₹74.10 lakh for the financial year ended March 31, 2026, a decline of 73% from ₹277.23 lakh in the previous year. Revenue from operations for FY26 stood at ₹1,663.25 lakh, significantly lower than the ₹6,225.78 lakh recorded in FY25. The board approved the audited financial results for the half-year and full year on May 28, 2026. The statutory auditors issued an unmodified opinion on the results.
The board took note of the resignation of M/s. K M Chauhan & Associates, Chartered Accountants, from the office of Statutory Auditor effective May 28, 2026. The resignation letter cited pre-occupation and increased audit scope due to recent changes in financial reporting requirements. To fill the casual vacancy, the board appointed M/s. Sunit M. Chhatbar & Co., Chartered Accountants, as the new statutory auditor subject to shareholder approval.
Financial Performance
The company's total income for FY26 was ₹1,663.80 lakh, down from ₹6,226.84 lakh in the previous year. Total expenses for the year were ₹1,565.84 lakh. Basic earnings per share (EPS) for the year decreased to ₹1.85 from ₹5.54 in the prior year. For the half-year ended March 31, 2026, the company reported a PAT of ₹304.55 lakh on revenue of ₹4,277.06 lakh.
| Metric | FY26 (₹ in Lakhs) | FY25 (₹ in Lakhs) |
|---|---|---|
| Revenue from Operations | 1,663.25 | 6,225.78 |
| Total Income | 1,663.80 | 6,226.84 |
| Total Expenses | 1,565.84 | 5,838.07 |
| Net Profit | 74.10 | 277.23 |
| Basic EPS | 1.85 | 5.54 |
Utilization of Issue Proceeds
The company issued 18,72,000 equity shares via a public issue in September 2025, raising ₹1,347.84 lakh. The certificate of utilization of issue proceeds confirmed that funds were utilized for capital expenditure, working capital, and general corporate purposes. There was no deviation or variation in the use of funds raised. The trading window for dealing in the company's securities, which was closed since April 01, 2026, will reopen 48 hours after the declaration of these results.
| Object | Allocation (₹ in Lakhs) | Utilised (₹ in Lakhs) | Unutilised (₹ in Lakhs) |
|---|---|---|---|
| Capital Expenditure | 518.05 | 412.00 | 106.05 |
| Working Capital | 570.46 | 570.46 | 0.00 |
| General Corporate Purpose | 110.00 | 110.00 | 0.00 |
| Issue Related Expenses | 149.33 | 129.11 | 20.22 |
Historical Stock Returns for Krupalu Metals
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.64% | +1.77% | +6.32% | -32.98% | -41.88% | -41.88% |
What strategic initiatives will Krupalu Metals implement to reverse the 73% decline in profit after tax?
How will the company utilize the remaining ₹106.05 lakh in unallocated capital expenditure funds to drive future growth?
Will the appointment of the new statutory auditor lead to significant changes in the company's financial reporting practices?


























