Kaka Industries first-half profit rises 33% to Rs 11.761 crore

Kaka Industries Limited reported net profit of Rs 11.761 crore for the half year ended September 30, 2026, up 32.96% from Rs 8.8526 crore a year earlier, as revenue from operations rose 26.08% to Rs 157.4696 crore. Basic earnings per share increased to Rs 8.61 from Rs 6.48 in the corresponding half.

How did Kaka Industries perform in the September half?

Kaka Industries increased revenue from operations to Rs 157.4696 crore in the half year ended September 30, 2026, from Rs 124.8946 crore in the half year ended September 30, 2025. The increase was Rs 32.575 crore, while profit before tax rose to Rs 16.0514 crore from Rs 11.7707 crore over the same comparison.

Net profit was Rs 11.761 crore in the September 2026 half, compared with Rs 8.8526 crore in the September 2025 half. The latest half-year profit was also Rs 1.8396 crore above the Rs 9.9214 crore reported for the six months ended March 31, 2026.

The September 2026 figures are standalone and unaudited, and the reported half-year earnings per share is not annualised. Kaka Industries’ board approved the results on November 6, 2026, and its statutory auditors issued an unmodified limited-review conclusion.

What changed in Kaka Industries’ costs and earnings?

Kaka Industries’ total expenses rose to Rs 141.8475 crore in the September 2026 half from Rs 113.2972 crore in the corresponding 2025 half. As revenue increased 26.08%, ahead of the 25.20% increase in expenses, profit before tax rose by Rs 4.2807 crore.

Tax expense increased to Rs 4.2904 crore from Rs 2.9181 crore a year earlier. Based on the reported figures, net profit was about 7.47% of revenue in the latest half, compared with about 7.09% in the previous-year half.

Purchases of stock-in-trade were Rs 14.6877 crore in the half ended September 30, 2026, compared with Rs 6.0092 crore a year earlier. Kaka Industries reported one segment, plastic products, comprising the manufacturing, sales and installation of UPVC and PVC profiles, sheets, mouldings, windows and doors, so the filing does not give revenue or profit by product line.

What does Kaka Industries’ September 2026 balance sheet show?

Kaka Industries reported total assets of Rs 221.3795 crore at September 30, 2026, compared with Rs 208.5026 crore at March 31, 2026. Property, plant and equipment rose to Rs 108.0733 crore from Rs 78.2693 crore, while capital work-in-progress fell to Rs 1.9762 crore from Rs 26.076 crore.

Inventories increased to Rs 56.1895 crore at September 30 from Rs 47.4625 crore at March 31, while trade receivables rose to Rs 38.6464 crore from Rs 34.9822 crore. Cash and cash equivalents declined to Rs 2.9445 crore from Rs 8.7688 crore across the same dates.

Shareholders’ funds were Rs 94.8789 crore at September 30, including Rs 13.66 crore of share capital and Rs 81.2189 crore of reserves and surplus. Long-term borrowings were Rs 45.0394 crore versus Rs 46.7565 crore at March 31, while short-term borrowings declined to Rs 49.2274 crore from Rs 56.8076 crore.

Why did Kaka Industries’ property and equipment increase?

Kaka Industries commissioned and capitalised a 7.5 megawatt ground-mounted captive solar power plant at Bordi village in Thasra taluka, Kheda district, during the September 2026 half. Plant and machinery for the solar project worth Rs 25.9048 crore was added to property, plant and equipment from July 1, 2026.

Kaka Industries began charging depreciation on the solar plant to profit and loss from its July 1, 2026 capitalisation date. The company said this means depreciation in the half ended September 30, 2026 is not comparable with earlier reporting periods.

The company prepared the interim results under Accounting Standard 25, or AS 25, for interim financial reporting, rather than Indian Accounting Standards. It said companies listed on the small and medium enterprise exchange are exempt from compulsory Indian Accounting Standards adoption under the cited Ministry of Corporate Affairs notification, and it prepared its cash-flow statement under the indirect method prescribed by Accounting Standard 3.

How were Kaka Industries’ September 2026 results reviewed?

Kaka Industries’ statutory auditors completed a limited review of the standalone results for the half year ended September 30, 2026 and expressed an unmodified conclusion. A limited review is narrower in scope than an audit, and the auditor stated that nothing had come to its attention suggesting the statement did not disclose the required information or contained a material misstatement.

The filing says the March 31, 2026 half-year figures are balancing figures between the audited full-year results and the previously published, limited-reviewed results for the six months ended September 30, 2025. Kaka Industries also reported that it received no investor complaints and had none pending during the September 2026 half.

Conclusion

Kaka Industries reported higher revenue, profit before tax and net profit for the half year ended September 30, 2026. Revenue increased by Rs 32.575 crore year on year to Rs 157.4696 crore, while net profit rose by Rs 2.9084 crore to Rs 11.761 crore and earnings per share reached Rs 8.61.

The next results will show a fuller period of depreciation from the 7.5 megawatt captive solar plant, which was capitalised from July 1, 2026. The filing specifically identifies that depreciation as not comparable with earlier periods, while the September balance sheet also provides figures to track for inventories, receivables, borrowings and cash.