According to the latest financial results, Krishanveer Forge reported a 3.6% decline in standalone net profit to ₹1.99 crore for the quarter ended June 2026, compared to ₹2.07 crore in the corresponding quarter of the previous year. The company's revenue from operations decreased by 6.4% to ₹22.13 crore in Q1 FY27, down from ₹23.64 crore recorded in Q1 FY26. However, other income rose significantly by 40% to ₹45.77 lakh from ₹32.72 lakh in the previous year, partially offsetting the operational decline.
The company demonstrated strong cost control measures with total expenses falling 7.2% to ₹19.83 lakh from ₹21.37 lakh year-on-year. This reduction was primarily driven by a significant inventory credit of ₹33.92 lakh compared to ₹5.74 lakh previously, along with lower cost of materials consumed. Profit before tax increased by 6% to ₹27.56 lakh from ₹26.01 lakh year-on-year, aided by lower tax expenses due to deferred tax benefits. Current tax was ₹78.15 lakh against ₹62.41 lakh in the previous year, but deferred tax credits of ₹2.07 lakh helped reduce the effective tax burden.
The financial results were announced on August 5, 2026, with the Board approving the unaudited financial results following a limited review by statutory auditors Gokhale, Tanksale & Ghatpande. The company has fixed September 11, 2026, as the record date for determining entitlement to the FY26 dividend, subject to shareholder approval at the upcoming Annual General Meeting scheduled for September 18, 2026. The Board also proposed the appointment of Mr. Ravi Kapoor and Ms. Vijeta Subhash Kulkarni as Independent Directors for a five-year term starting December 1, 2026, based on the Nomination and Remuneration Committee's recommendation.
Despite revenue challenges, the company faced gas consumption costs rising 12.8% to ₹48.75 lakh, indicating potential input cost pressures that may impact future margins if not passed on to customers. The company's earnings per share (EPS) decreased to ₹1.825 from ₹1.893 in the prior year quarter. While revenue contracted, the company managed to improve pre-tax profitability through effective cost management and operational efficiencies, demonstrating resilience in challenging market conditions.
