Krishna Defence and Allied Industries LimitedQ2 FY27 Results & Financial Update
Krishna Defence and Allied Industries Limited: Q2 FY27 consolidated results and company financials – revenue ₹132.89 Cr, PAT ₹26.76 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
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Chart · Market context
Krishna Defence and Allied Industries price & chart
Quarter overview
Quarterly earnings analysis
Krishna Defence and Allied Industries Limited reported a robust expansion in scale during the second quarter of fiscal year 2027, underpinned by sustained order inflows and active execution across its defence and specialized manufacturing verticals.
Consolidated revenue from operations for Q2 FY27 stood at INR 132.89 crore, reflecting a sequential expansion of 57.60 crore or approximately 130.72 percent compared to the preceding quarter ended June 30, 2026.
Total income for the quarter reached INR 135.54 crore, bolstered by other income of INR 2.65 crore, which expanded sequentially from INR 1.71 crore in Q1 FY27.
Profitability tracked the top-line acceleration, with Profit Before Tax reaching INR 35.41 crore, marking a sequential increase of 14.90 crore from INR 20.51 crore reported in the previous quarter.
Net Profit after tax for Q2 FY27 closed at INR 26.76 crore, resulting in basic and diluted earnings per share of INR 17.94 for the quarter compared to INR 10.29 in Q1 FY27.
Tax expenses for the quarter stood at INR 8.70 crore, while depreciation and amortization charges amounted to INR 2.34 crore, reflecting continued asset utilization and capacity expansion across operating units.
01 · Business model
What does Krishna Defence and Allied Industries do?
Krishna Defence and Allied Industries Limited operates as a specialized engineering and manufacturing enterprise catering primarily to the defence sector, supplying critical systems, components, and special steel alloys to the Indian Navy, Indian Army, and major public and private shipyards.
The company maintains vertically integrated manufacturing operations anchored by facilities in Gujarat, including its foundry and fabrication unit in Halol for defence products and its Kalol plant for dairy equipment and metal stampings.
Beyond its core naval shipbuilding sections and specialized steel profiles, the company has diversified into dairy equipment—such as milk cooling tanks, milking machines, and automated robotic collection units—providing a secondary revenue stream alongside its defence portfolio.
In alignment with national indigenisation mandates and Make in India initiatives, Krishna Defence collaborates closely with research organizations like the Defence Research and Development Organisation (DRDO) and its divisions for technology transfers and the domestic development of specialized import-substituted military hardware.
02 · Historical context
What shaped the business before this quarter
Established initially as an engineering venture manufacturing stainless steel products and dairy equipment in Kalol, Gujarat.
Entered the defence manufacturing sector by becoming a Transfer of Technology partner with DMRL, Hyderabad, for shipbuilding steel sections.
Successfully migrated from the NSE Emerge platform to the NSE Main Board and secured certifications for commercial bulb bars to expand into non-defence sectors.
03 · Financial snapshot
Current quarter vs the available comparable
| Metric | Q2 FY27 | Previous quarter |
|---|---|---|
| Revenue from operations | ₹132.89 Cr | ₹57.60 Cr |
| Total income | ₹135.54 Cr | ₹58.54 Cr |
| Profit before tax | ₹35.41 Cr | ₹14.90 Cr |
| Profit after tax | ₹26.76 Cr | ₹11.44 Cr |
| EPS | ₹17.94 | ₹7.65 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 20.1% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to 26.6% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹2.65 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
Execution of specialized steel sections, bulb bars, and structural stiffeners for naval warships ordered by the Indian Navy and public shipyards.
What drove margins
Higher contribution of high-margin specialized defence alloy components and proprietary import-substituted sub-assemblies supporting overall profitability.
05 · Demand, customers & order book
Where demand is coming from
Standalone investor disclosures indicate an unexecuted order book of INR 1,090 Mn and a tender pipeline of INR 3,050 Mn as of September 30, 2026.
Supplies and holds approved vendor status with the Indian Army, Indian Navy, Mazagon Dock Shipbuilders, Cochin Shipyard, Garden Reach Shipbuilders & Engineers, and Larsen & Toubro.
06 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
Continued focus on supplying specialized steel profiles, weld consumables, ballast bricks, and improved space heating devices for high-altitude military operations.
Maintained steady operations across open and closed-type bulk milk coolers and automated collection systems.
07 · Capacity, projects & execution
What is being built, commissioned or delivered
Capacity, production and utilisation
Completion and operationalization of capacity expansion at the Halol foundry and fabrication facility dedicated to defence products.
Ongoing construction and development of an advanced Autonomous Underwater Vehicle (AUV) integration and testing facility featuring a 150,000-liter testing tank.
Projects, capex and execution
Commissioning of manufacturing facilities for fire-resistant composite doors and hatches in collaboration with VABO Composites (Netherlands) through subsidiary Krishna Vabo Defence Composites Private Limited.
08 · Strategy & new businesses
How the company is trying to change its growth mix
Acquired a 20% equity stake in Conceptia Software Technologies Private Limited to drive synergies in marine and offshore engineering services.
Investment in associate company Waveoptix Defence Solution Private Limited (40% holding) focusing on optic fiber over radio frequency and secure tactical communication systems.
09 · Reported developments
What changed operationally
Won the Indian Navy's iDEX challenge for the development and manufacture of weld consumables for underwater welding.
Signed an MoU with a defence prime for ammunition components and an agreement with Pitagone, Belgium, for manufacturing security barriers for export.
10 · Beyond the numbers
What changed beyond the numbers
Industry Recognition
Received the Fastest Growing SME Award from the India SME Forum in recognition of business growth and operational performance.
11 · Previous-quarter changes
What changed since the previous quarter
Reported a 57.60 crore increase in consolidated operating revenue compared to INR 75.29 crore recognized on a standalone basis or sequential metrics in Q1 FY27.
12 · Key Q&A
The quarter, answered directly
What does Krishna Defence and Allied Industries do?
Krishna Defence and Allied Industries Limited operates as a specialized engineering and manufacturing enterprise catering primarily to the defence sector, supplying critical systems, components, and special steel alloys to the Indian Navy, Indian Army, and major public and private shipyards.
What is the clearest takeaway from Q2 FY27?
Krishna Defence and Allied Industries Limited reported a robust expansion in scale during the second quarter of fiscal year 2027, underpinned by sustained order inflows and active execution across its defence and specialized manufacturing verticals.
What drove revenue or demand?
Execution of specialized steel sections, bulb bars, and structural stiffeners for naval warships ordered by the Indian Navy and public shipyards.
What mattered most for margins or profitability?
Higher contribution of high-margin specialized defence alloy components and proprietary import-substituted sub-assemblies supporting overall profitability.
What changed operationally beyond the headline numbers?
Completion and operationalization of capacity expansion at the Halol foundry and fabrication facility dedicated to defence products.
What should the next disclosure help confirm?
Progress on the commissioning and operational trials of the Autonomous Underwater Vehicle integration facility and testing tank in Chennai.
13 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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14 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
AUV Testing Facility: Progress on the commissioning and operational trials of the Autonomous Underwater Vehicle integration facility and testing tank in Chennai.
- 02
Composite Products Commercialization: Execution of final-phase trials with the Indian Navy for fire-resistant composite doors and hatches.
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