Krishanveer Forge Limited has announced that India Ratings & Research has affirmed its credit rating for bank loan facilities, demonstrating continued confidence in the company's financial stability and creditworthiness.

Rating Details and Specifications

India Ratings & Research published the rating affirmation on January 13, 2026, covering the company's debt instruments. The rating action provides important insights into the company's financial standing and debt servicing capabilities.

Credit Enhancement Support

The rating carries a significant distinction with the CE suffix, indicating external credit enhancement support. According to SEBI's Master Circular guidelines, credit ratings with the (CE) suffix indicate that the instruments are supported by an external explicit credit enhancement. This enhancement provides additional security for the rated instruments and reflects the structured nature of the financing arrangement.

Regulatory Compliance and Disclosure

The company has fulfilled its regulatory obligations by informing BSE Limited about the rating affirmation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was made pursuant to Para A(3) of Part A of Schedule III, ensuring transparency for investors and stakeholders.

The detailed rating information is available on India Ratings & Research website, providing stakeholders with comprehensive analysis and rationale behind the rating decision. The company has also committed to making this information available on its corporate website for easy access by investors and other interested parties.

Company Information

Krishanveer Forge Limited operates with its registered office in Pune and manufacturing facility in Chakan. The company maintains active communication channels through multiple contact points and digital platforms, ensuring accessibility for stakeholders and regulatory compliance.

Krishanveer Forge Limited , a leading manufacturer of forgings, has announced its unaudited financial results for the second quarter and half-year ended September 30, 2025. The company reported a decline in both revenue and profit for Q2 FY2026 compared to the previous quarter.

Key Financial Highlights for Q2 FY2026

Half-Year Performance

For the half-year period ended September 30, 2025, Krishanveer Forge reported:

• Total revenue of Rs 4,462.49 crore
• Net profit of Rs 386.34 crore

Balance Sheet Strength

The company's total assets increased to Rs 6,279.47 crore as of September 30, 2025, up from Rs 5,553.56 crore in March 2025, indicating a growth of 13.1% over the six-month period.

Operational Performance

The cost of materials consumed decreased to Rs 882.50 crore in Q2 FY2026 from Rs 1,212.62 crore in Q1 FY2026, suggesting potential improvements in raw material costs or inventory management. However, this reduction did not fully offset the decline in revenue.

Management Approval

The Board of Directors of Krishanveer Forge Limited approved these results at their meeting held on November 12, 2025. The financial statements have been prepared in accordance with Indian Accounting Standards (Ind AS) and comply with the requirements of SEBI regulations.

Auditor's Review

Gokhale, Tanksale & Ghatpande, Chartered Accountants, conducted a limited review of the financial results as required under SEBI regulations. They expressed an unmodified opinion on the results, indicating no significant concerns were raised during their review.

Segment Reporting

Krishanveer Forge Limited operates in a single segment of manufacturing forgings, as per the company's statement in compliance with IND-AS 108.

While the company has faced some challenges in the second quarter, the increase in total assets suggests ongoing investments in the business.