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Krishna Defence & Allied Industries Ltd

Q2 FY26Aerospace & Defense

Krishna Defence & Allied Industries Q2 FY26: Order Book ₹196 Cr

Q2 FY26 earnings call: what management said on revenue, margins and capex.

Price₹1,027
Market cap₹1.6K Cr
P/E39.3
Updated23 Aug 2026
Read4 min read

The short version

The company aspires to grow at a 30% to 40% CAGR year-on-year over the next few years. The company aspires to grow at a 30% to 40% CAGR year-on-year over the next few years (Page 23).

From Krishna Defence & Allied Industries Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • The company aspires to grow at a 30% to 40% CAGR year-on-year over the next few years.
  • Revenue growth is expected from defence projects including corvettes, frigates, FSS, and MPVs, with orders expected to materialize soon.
  • Expansion in capacity and improvements in productivity and efficiency will support increased execution and revenue.
  • Newer segments like commercial shipbuilding (via Conceptia) and aerospace components are anticipated to contribute to growth starting late FY25 or early FY26/FY27.
  • The AUV program and partnerships through joint ventures will create new revenue streams, expected to mature by FY28.

2 more points from Krishna Defence & Allied Industries Ltd's call on revenue

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Profitability & Margins

See what Krishna Defence & Allied Industries Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • Current fixed asset investment stands around ₹22 crore, with ₹3.5 crore under capital work in progress.
  • Planned CapEx is ₹5 crore to ₹10 crore annually, focused on improving efficiency and introducing better manufacturing practices, not major expansion.
  • The company follows an asset-light model by outsourcing non-critical jobs, minimizing the need for heavy capital investment.
  • Existing capacity can support manufacturing up to ₹200 crore in revenue without significant additional CapEx.
  • No immediate working capital or major CapEx requirements are foreseen for the current products.

2 more points from Krishna Defence & Allied Industries Ltd's call on capex

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Top-ranked in Aerospace & Defense

Ranked on what management guided this quarter

Guidance-ranked
1Rossell Techsys
Rev 1Mar 1
2Shree Refrigerat
Rev 1Mar 2
3
Rev 1Mar 3
4
Rev 1Mar 3
5
Rev 1Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Krishna Defence & Allied Industries Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

  • Current order book as of September 30, 2025, stands at approximately ₹196 crore.
  • Defense order inflow expected in H2 FY26 is anticipated around ₹100 crore to ₹150 crore.
  • Several tenders worth about ₹100 crore to ₹110 crore are in the pipeline but not yet converted to purchase orders.
  • The company expects to close FY26 with an order book between ₹170 crore to ₹220 crore.
  • For FY27, guidance targets revenue execution of around ₹300 crore from defense, supported by incoming orders for corvettes, frigates, FSS, and MPVs.
  • Execution timelines are being shortened through automation despite inherent long gestation in the product manufacturing.

2 more points from Krishna Defence & Allied Industries Ltd's call on order book

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Krishna Defence & Allied Industries Ltd — Quarterly revenue & net profit

Revenue Net profit
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26
Jun 2026Q1 FY27
Sep 2026Q2 FY27

Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹75 Cr, net profit ₹15 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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Continue your research

What Krishna Defence & Allied Industries Ltd's management said in earlier quarters

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  • Rossell Techsys (Q2 FY26)

    Robust order book of INR720 crores with strategic agreements worth INR2,500 crores; bids submitted worth INR920 crores (Page 8). Key concall takeaways from…

  • DCX Systems Ltd (Q2 FY26)

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  • Data Patterns (India) Ltd (Q2 FY26)

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Frequently Asked Questions

What were Krishna Defence & Allied Industries Ltd Q2 FY26 results?

The company aspires to grow at a 30% to 40% CAGR year-on-year over the next few years. The company aspires to grow at a 30% to 40% CAGR year-on-year over the next few years (Page 23).

What is Krishna Defence & Allied Industries Ltd share price analysis?

Krishna Defence & Allied Industries Ltd currently shows a neutral. The stock trades at a P/E of 39.3 with a market cap of ₹1,611 Cr. Investors should review the full earnings analysis for detailed insights.

Is Krishna Defence & Allied Industries Ltd planning capital expenditure?

Current fixed asset investment stands around ₹22 crore, with ₹3.5 crore under capital work in progress.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.