Kranti Industries Ltd — Q4 FY26 earnings call
Summary generated by AI from the official transcript Kranti Industries Ltd filed with BSE on 04 Jun 2026. Every statement cites a verbatim quote from that document — open any citation to read it. This is a record of what management said, not a recommendation. How we check these summaries
The short read
Kranti Industries reported consolidated revenue crossing Rs 100 crore for FY26, growing 28%, with standalone revenue up 30% to Rs 93.88 crore and standalone EBITDA margin improving from 10.5% to 13.3%. The company turned profitable with standalone PAT of Rs 260 lakhs versus a loss in FY25, commissioned its fourth manufacturing facility in Jaipur, and entered the defence manufacturing sector through orders from AVNL. Management discussed capacity utilization at its Pune and Jaipur plants, EV component revenue contribution, and plans for further diversification across defence, industrial and export segments.
Numbers mentioned
Consolidated revenue: crossing ₹100 crores (FY26)
p. 5
“On a consolidated basis, revenue increased by 28% to crossing ₹100 crores milestone for the first time.”
Sachin Subhash Vora, page 5 of the filed PDF · View the filing
Standalone revenue: ₹93.88 crores (FY26)
p. 5
“On the standalone basis, revenue increased by 30% to ₹93.88 crores.”
Sachin Subhash Vora, page 5 of the filed PDF · View the filing
Standalone EBITDA: ₹1244 lakhs (FY26)
p. 5
“Standalone EBITDA grew by 63.7% to ₹1244 lakhs with EBITDA margins improving significantly from 10.5% to 13.3%.”
Sachin Subhash Vora, page 5 of the filed PDF · View the filing
Standalone PAT: ₹260 lakhs (FY26)
p. 5
“Most importantly, standalone profit after tax improved to ₹260 lakhs compared to the loss of ₹75 lakhs in FY25.”
Sachin Subhash Vora, page 5 of the filed PDF · View the filing
Consolidated EBITDA: ₹1173 lakhs (FY26)
p. 6
“On the consolidated basis, EBITDA increased to ₹1173 lakhs while PAT turned positive to ₹156 lakhs compared to the loss of ₹308 lakhs in the previous year.”
Sachin Subhash Vora, page 6 of the filed PDF · View the filing
Standalone revenue: ₹29.31 crores (Q4 FY26)
p. 5
“We delivered our highest ever quarterly revenue performance with standalone revenue reaching ₹29.31 crores, reflecting growth of 60.2% year-on-year and 28.2% subsequently over Q3 FY26.”
Sachin Subhash Vora, page 5 of the filed PDF · View the filing
EBITDA: ₹167 lakhs (Q4 FY26)
p. 5
“EBITDA for the quarter stood at ₹167 lakhs.”
Sachin Subhash Vora, page 5 of the filed PDF · View the filing
EV component revenue contribution: 5.3% (FY26)
p. 7
“So, all three components put together, the revenue contribution is around 5.3%.”
Sachin Subhash Vora, page 7 of the filed PDF · View the filing
Pune facility capacity utilization: 65%
p. 8
“It is around 65%.”
Sachin Subhash Vora, page 8 of the filed PDF · View the filing
Plant-4 (Jaipur) capacity utilization: less than 40% (Q4 FY26)
p. 9
“And coming to revenue expectation, we are expecting the revenue close to around ₹12 crores to ₹14 crores in this financial year from the Plant-4 facility in Jaipur.”
Sachin Subhash Vora, page 9 of the filed PDF · View the filing
What management said it would do
A record of statements made on the call, in the words management used. Parakho does not forecast, endorse or assess them, and their presence here is not a view on whether they will happen.
Revenue growth — double digit growth year on year · next two years
stated conditionally by Sachin Subhash Vora
p. 8
“We expect double digit growth year on year from here because that is going to happen unless and until something extraordinary does not happen.”
Sachin Subhash Vora, page 8 of the filed PDF · View the filing
Plant-4 (Jaipur) revenue — ₹12 crores to ₹14 crores · FY27
stated firmly by Sachin Subhash Vora
p. 9
“And coming to revenue expectation, we are expecting the revenue close to around ₹12 crores to ₹14 crores in this financial year from the Plant-4 facility in Jaipur.”
Sachin Subhash Vora, page 9 of the filed PDF · View the filing
Pune facility capacity utilization — 80-85%
stated as an aspiration by Sachin Subhash Vora
p. 8
“Its manufacturing somewhere around 80-85% that is maximum optimized capacity utilization”
Sachin Subhash Vora, page 8 of the filed PDF · View the filing
EBITDA margin — 18 to 20% · FY28
stated conditionally by Sachin Subhash Vora
p. 10
“See, at a better capacity utilization of around 85% and good product mix with few high margins part coming into the kitty, we expect to stabilize at EBITDA of around 18 to 20%.”
Sachin Subhash Vora, page 10 of the filed PDF · View the filing
Defence sector penetration — another 4-6 quarters
stated as an aspiration by Sachin Subhash Vora
p. 10
“However, my experience in this segment is a bit slow so to penetrate and to have a substantial hold on that, it will take another 4-6 quarters at least.”
Sachin Subhash Vora, page 10 of the filed PDF · View the filing
Acquisitions
stated as an aspiration by Sachin Subhash Vora
p. 9
“Yes, we are not currently planning immediate future. But yes, this is in our roadmap of 2030 where we have to expand organically as well as inorganically.”
Sachin Subhash Vora, page 9 of the filed PDF · View the filing
Q&A highlights
Management's answers to analyst questions, in Parakho's words rather than a transcript. Each row names who answered and carries the verbatim quote it was drawn from.
Management said they supply one EV component line to Kalyani Techno Forge and are in discussion for future volumes, with total EV component revenue at around 5.3% of FY26 revenue.
Answered by Sachin Subhash Vora
Asked by Disha Mehta: What is the status with Kalyani Techno Forge and EV-focused customers, and current EV revenue contribution?
p. 7
“Yes. So, Kalyani Techno Forge Limited, we have developed one component for EV, which is again for a passenger car EV component.”
Sachin Subhash Vora, page 7 of the filed PDF · View the filing
Management said tractor industry has seen consistent growth and that European and American agriculture markets have started growing as well.
Answered by Sumit Subhash Vora
Asked by Disha Mehta: Is there any distress in rural demand given tractor dependency?
p. 7
“See, in tractor industry, last three years, we have seen a consistent growth of numbers in domestic market.”
Sumit Subhash Vora, page 7 of the filed PDF · View the filing
Management acknowledged supply chain and inflation challenges but said the industry and customers are working on solutions.
Answered by Sumit Subhash Vora
Asked by Disha Mehta: Is the ongoing war affecting supply chains or export clients?
p. 7
“Supply chain, yes, there are a lot of challenges and also when it comes to the inflation impact, there are a lot of challenges going on.”
Sumit Subhash Vora, page 7 of the filed PDF · View the filing
Management explained the Jaipur facility gives entry into the northern automotive belt with an exclusive agreement to route 100% of the acquired customer's machining business through Kranti.
Answered by Sachin Subhash Vora
Asked by Disha Mehta: What is the new opportunity from the Rajasthan acquisition?
p. 8
“So, we have an exclusive agreement where their business, 100% machining business will be routed through Kranti.”
Sachin Subhash Vora, page 8 of the filed PDF · View the filing
Management said Plant-4 utilization was less than 40% in its first quarter and expects Rs 12-14 crore revenue from the facility this financial year.
Answered by Sachin Subhash Vora
Asked by Rishabh Sharma: What is the current capacity utilization and expected revenue contribution of Plant-4?
p. 9
“if you come into Q1, sorry Q4 of last financial, that is first quarter of that plant, the capacity was, utilization was less than 40%.”
Sachin Subhash Vora, page 9 of the filed PDF · View the filing
Management said they are targeting direct PSU relationships rather than Tier-1/Tier-2 supply, which requires going through a tendering process that takes time.
Answered by Sachin Subhash Vora
Asked by Rishabh Sharma: How is the defence order from AVNL expected to scale?
p. 10
“We are directly targeting PSU sectors where we can participate, we can have more value addition and better synergy for our long-term growth.”
Sachin Subhash Vora, page 10 of the filed PDF · View the filing
Management said better capacity utilization and product mix should help EBITDA stabilize at 18-20% by FY28.
Answered by Sachin Subhash Vora
Asked by Rishabh Sharma: What are the key levers for EBITDA margin improvement going forward?
p. 10
“Maybe by not maintaining by not FY27, but by FY28 will be at 18% to 20% EBITDA level.”
Sachin Subhash Vora, page 10 of the filed PDF · View the filing
Risks flagged
Supply chain and inflation challenges linked to ongoing war/geopolitical conditions
p. 7
“Supply chain, yes, there are a lot of challenges and also when it comes to the inflation impact, there are a lot of challenges going on.”
Sumit Subhash Vora, page 7 of the filed PDF · View the filing
Slow pace of penetrating the defence sector due to tendering process with PSUs
p. 10
“However, my experience in this segment is a bit slow so to penetrate and to have a substantial hold on that, it will take another 4-6 quarters at least.”
Sachin Subhash Vora, page 10 of the filed PDF · View the filing
Q4 results reflect short-term costs from capacity creation investments
p. 5
“However, these results largely reflect short-term investment associated with capacity creation and future growth initiatives.”
Sachin Subhash Vora, page 5 of the filed PDF · View the filing
Generated by claude-sonnet-5. Source: the transcript as filed with BSE. We link to the exchange's copy; we do not host transcripts. Parakho is a data and screening tool, not an investment adviser — nothing here is a recommendation to buy, sell or hold.