Kross Ltd
Kross Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Kross Limited experienced flat revenue growth post-IPO, with H1 FY26 revenues declining 5.3% YoY, reflecting a subdued industry environment. Kross Limited remains optimistic about future growth despite recent challenges, emphasizing cyclical industry nature. - New product lines (tipping jacks, extruded beam) and capacity expansions are key drivers expected to boost growth. - Extruded axle plant to be operational by Q4 FY26, enhancing axle capacity by 50%. - Seamless tube unit project (~INR170 crores capex) scheduled to contribute from FY28 onward. - Export business is gaining momentum; exports grew 24% YoY in H1 FY26, targeting 5% revenue contribution in FY26 and double-digit by FY27. - Margins are expected to improve with new projects and export expansion, targeting around 15% margin in 1-2 years. - FY27 tipping jack production expected at 300-400 units/month translating to approx.
From Kross Ltd's Q2 FY26 earnings-call transcript · updated 26 Aug 2026.
Revenue & Sales Performance
- Kross Limited experienced flat revenue growth post-IPO, with H1 FY26 revenues declining 5.3% YoY, reflecting a subdued industry environment.
- Management remains optimistic about future growth, aiming to regain momentum through technological enhancements and new product lines like tipping jacks and extruded beams.
- The tipping jack production started in November 2025, targeting approximately 600 units in FY26 and 300-400 units/month in FY27, translating to ~INR50 crores top-line addition annually.
- OEM production volumes increased around 20-25% in October 2025, signaling industry recovery and expected pickup in tractor-trailer segment sales.
- Expansion projects underway include a significant seamless tube project (~INR170 crores) expected to contribute from FY28.
- Overall, the company expects significant growth in H2 FY26 compared to H1, supported by favorable market conditions, new products, and capacity expansions.
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Profitability & Margins
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Capital Expenditure Plans
- INR24 crores spent on the extruded axle and machining setup, which will be operational by Q4 FY26 (January onwards).
- Additional sizable expansions including a new foundry line and new presses already in production.
- Growth capex excluding seamless tube plant amounts to approximately INR150 crores (spent from October 2024 till now).
- Seamless tube project planned at approximately INR170 crores, expected to generate revenue from FY28 onwards.
- Tipping jack project initiated, with production started November 2025, targeting 300-400 units/month in FY27, translating to ~INR50 crores annual top line.
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Top-ranked in Auto Components
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Kross Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- For tipping jacks, initial production started in November 2025 with expected sales of 450 to 600 units in the first three months (Dec-Feb) and at least 600 units in the entire financial year.
- Target for FY27 for tipping jacks is 300 to 400 units per month, translating to approximately INR 50 crores top-line addition annually.
- Discussions with all customers and partners have been completed regarding new products.
- For exports, purchase orders from a leading European large Tier-1 company have been secured; sample dispatch and final supplier approval expected in Q3 FY26, with revenues expected from FY27.
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Kross Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹235 Cr, net profit ₹20 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Kross Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Kross Ltd Q2 FY26 results?
Kross Limited experienced flat revenue growth post-IPO, with H1 FY26 revenues declining 5.3% YoY, reflecting a subdued industry environment. Kross Limited remains optimistic about future growth despite recent challenges, emphasizing cyclical industry nature. - New product lines (tipping jacks, extruded beam) and capacity expansions are key drivers expected to boost growth. - Extruded axle plant to be operational by Q4 FY26, enhancing axle capacity by 50%. - Seamless tube unit project (~INR170 crores capex) scheduled to contribute from FY28 onward. - Export business is gaining momentum; exports grew 24% YoY in H1 FY26, targeting 5% revenue contribution in FY26 and double-digit by FY27. - Margins are expected to improve with new projects and export expansion, targeting around 15% margin in 1-2 years. - FY27 tipping jack production expected at 300-400 units/month translating to approx.
What is Kross Ltd share price analysis?
Kross Ltd currently shows a neutral. The stock trades at a P/E of 23.1 with a market cap of ₹1,334 Cr. Investors should review the full earnings analysis for detailed insights.
Is Kross Ltd planning capital expenditure?
INR24 crores spent on the extruded axle and machining setup, which will be operational by Q4 FY26 (January onwards).
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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.