Kross Limited , a leading auto component manufacturer, reported a 6% year-on-year decline in revenue for the second quarter of fiscal year 2026, with total revenue standing at INR 130.90 crores. The company's performance was impacted by a slowdown in the commercial vehicle (CV) sector, primarily due to customers postponing purchases following GST rate cut announcements.

Financial Highlights

• Q2 FY26 revenue: INR 130.90 crores (down 6% YoY)
• EBITDA: INR 14.80 crores
• EBITDA margin: 11.30%
• H1 FY26 revenue: INR 270.00 crores (down 5% YoY)
• H1 FY26 EBITDA: INR 30.90 crores
• H1 FY26 EBITDA margin: 11.40%

Segment Performance

The company's performance across its two main business segments for Q2 FY26 was as follows:

Export Growth

Despite the overall revenue decline, Kross Limited's export business showed strong growth:

• Exports grew 24% year-on-year
• Contributed 4.20% to H1 FY26 revenue

The company has secured purchase orders from leading Tier-1 OEMs in Europe across two product families, with final supplier approval expected in Q3 FY26.

Expansion Initiatives

Kross Limited is progressing with several capacity expansion projects:

1. Extrusion Plant: Trials are underway, with commercial production scheduled to commence by the end of Q3 FY26. This will enhance axle capacity by 50%.

2. Seamless Tube Unit: Construction is on schedule, with foundation work for heavy machinery underway.

3. Tipping Jack Segment: The company has entered this new segment to diversify revenue streams. Production of the first batch is scheduled for November 2025.

Outlook

Despite the current slowdown, Kross Limited remains optimistic about its future performance. The company cites several factors supporting its positive outlook:

• Favorable economic environment
• GST rate reduction
• Strong monsoon
• Robust domestic demand visibility
• New product lines introduced
• Ongoing capacity expansions

The management expects to deliver significant growth in H2 FY26 compared to H1 FY26.

Management Commentary

Kunal Rai, Whole-Time Director and CFO of Kross Limited, stated, "The announcement of GST rate cut led customers to postpone purchases from August and September into Q3, impacting the CV business in Q2. Though MHCV volumes remained soft during the quarter, demand has picked up meaningfully from Q3."

He added, "We remain on track to achieve a full-year export revenue contribution of 5%, with a clear roadmap to reach double-digit export share by FY27."

As Kross Limited navigates through the current market challenges, its focus on diversification, capacity expansion, and export growth may position the company for potential recovery in the coming quarters.

Kross Limited , a leading manufacturer of motor vehicle parts and accessories, has announced its unaudited financial results for the second quarter and half-year ended September 30, 2025. The company has also made significant changes to its board committee structure.

Financial Performance

For Q2 FY25, Kross Limited reported:

For H1 FY25, the company's performance was as follows:

The company experienced a slight decline in revenue and EBITDA compared to the same period last year. However, the net profit for H1 FY25 showed an improvement over H1 FY24.

Board Committee Restructuring

Effective November 14, 2025, Kross Limited has reconstituted its board committees:

1. Audit Committee: Now includes Kunal Rai, Executive Whole Time Director (Finance) & CFO, alongside existing members.

2. Nomination and Remuneration Committee: Sumeet Rai, Executive Whole Time Director, has been added as a member.

3. Stakeholders Relationship Committee: Deepa Verma, Non-Executive Independent Director, joins as a new member.

4. Corporate Social Responsibility Committee: Mukesh Agarwal, Non-Executive Independent Director, has been appointed as a member.

5. Risk Management Committee: Two new members have been added - Deepa Verma (Non-Executive Independent Director) and Sumeet Rai (Executive Whole Time Director).

These changes aim to enhance the company's corporate governance structure and bring diverse perspectives to key decision-making processes.

Other Key Points

• Kross Limited completed its Initial Public Offering (IPO) on September 16, 2024, raising Rs. 2,500 million through a fresh issue of shares.
• As of September 30, 2025, the company has utilized Rs. 1,858.66 million of the net IPO proceeds, with Rs. 410.53 million remaining unutilized.
• The unutilized funds are primarily invested in fixed deposits and maintained in a monitoring account.

Kross Limited continues to navigate market challenges while focusing on strategic growth initiatives and maintaining strong corporate governance practices.