Kross Ltd

- There is no mention of any current or future fundraising plans through debt or equity in the transcript. - The company completed an IPO in September 2024 and has already deployed about 84% of the IPO proceeds. - Approximately INR 90 crores of the IPO proceeds were utilized for loan repayment. - Remaining IPO proceeds (16%) are planned to be deployed within FY26 primarily for capital expenditure. - No statements or discussions during the call indicate plans for new debt or equity fundraising beyond this utilization of IPO proceeds.

- 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. - Around 85% of IPO proceeds already deployed, mainly on capital expenses and loan repayment. - Capital investment focuses on expanding in-house production rather than outsourcing, to maintain margin control and capacity growth.

- 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. - Export growth is also strong, targeting 25-30%+ revenue increase. - Margin improvement towards ~15% is anticipated with new projects and exports scaling.

- 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. INR50 crores top-line addition annually. - Management aspires to sustain past CAGR growth rates over the medium term while focusing on technological enhancements.

- 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. - Overall export orderbook improving with confirmed orders and new product approvals underway. - OEM and Tier-1 orders are ongoing, with H2 FY26 visibility considered good from OEMs and Tier-1 suppliers as of Nov 2025.