Kross Ltd Q2 Profit Jumps to Rs 196.86 Million

Revenue at Rs 2,350.92 million; Profit after tax up from Rs 80.84 million YoY.

Reader Takeaway: Strong revenue growth drives bottom line performance while shareholders await key exchange approvals for capital issuance.

What just happened

Kross Ltd released its financial results for the quarter and half-year ended September 30, 2026. The board approved the financials, which highlight significant growth compared to the same period in the previous year. Revenue from operations reached Rs 2,350.92 million for the quarter, while profit after tax (PAT) jumped to Rs 196.86 million.

Why this matters

The results demonstrate a sharp increase in profitability and operational scale. Basic Earnings Per Share (EPS) improved to Rs 3.08 from Rs 1.25 in the corresponding quarter last year. The company continues to operate as a focused manufacturer in the 'Motor vehicle parts & accessories' segment without any complex group structure or subsidiary drag.

What changes now

The company is advancing a preferential issue of 1,500,000 equity shares and 1,500,000 convertible warrants. Having received shareholder approval via a postal ballot on September 30, 2026, the process is currently awaiting in-principle approval from the BSE and NSE.

Risks to watch

Investors should closely track the progress of the preferential issue. As the issuance is still subject to exchange approvals, any delays in regulatory clearance could affect the anticipated capital infusion and potential share dilution profile.

What to track next

Watch for the formal in-principle approval announcements from the BSE and NSE regarding the equity and warrant issuance. Ongoing demand in the motor vehicle parts segment remains the key driver to watch in upcoming quarters.