Kaka Industries profit rises 33% as September-half sales grow 26%

Kaka Industries Limited reported net profit of Rs 11.761 crore for the half year ended September 30, 2026, up 32.85% from Rs 8.8526 crore a year earlier, while revenue from operations increased 26.08% to Rs 157.4696 crore. Profit growth exceeded revenue growth as total expenses rose 25.20% to Rs 141.8475 crore.

How much did Kaka Industries earn in the September 2026 half?

Kaka Industries earned Rs 11.761 crore after tax in the half year ended September 30, 2026, compared with Rs 8.8526 crore in the half year ended September 30, 2025. Profit before tax rose 36.37% to Rs 16.0514 crore from Rs 11.7707 crore, while revenue from operations increased by Rs 32.574 crore year on year.

The reported figures show profit growing faster than revenue. Net profit as a share of revenue was 7.47% in the September 2026 half, calculated from Rs 11.761 crore of profit and Rs 157.4696 crore of revenue, versus 7.09% a year earlier. Profit before tax represented 10.19% of revenue, compared with 9.42% in the September 2025 half.

The comparison is between unaudited standalone half-year results, rather than a full-year forecast. The September 2026 half also followed a March 2026 half in which Kaka Industries reported Rs 13.83384 crore of revenue from operations and Rs 9.9214 crore of net profit, showing that the September-half revenue was higher by Rs 18.63576 crore and profit by Rs 1.8396 crore on a sequential half-year basis.

Why did Kaka Industries' profit rise faster than revenue?

Kaka Industries' total expenses increased by Rs 28.5503 crore to Rs 141.8475 crore in the September 2026 half, a 25.20% increase that was marginally below the 26.08% rise in revenue. As a result, profit before tax increased by Rs 4.2807 crore, from Rs 11.7707 crore to Rs 16.0514 crore.

Purchases of stock-in-trade rose to Rs 14.6877 crore from Rs 6.0092 crore in the corresponding prior-year half. This expense line accounted for 9.33% of September-half revenue in 2026, compared with 4.81% a year earlier. The filing does not give a detailed split of the remaining expense categories or assign the change in profitability to a specific operating factor.

Tax expense was Rs 4.2904 crore in the latest half, compared with Rs 2.9181 crore a year earlier. Current tax was Rs 2.57 crore, versus Rs 2.34 crore, and deferred tax was Rs 1.6465 crore, versus Rs 0.5949 crore. The Rs 4.2807 crore increase in profit before tax therefore became a Rs 2.9084 crore increase in net profit after tax.

What business does Kaka Industries report and what was earnings per share?

Kaka Industries reports one segment, plastic products, which covers the manufacturing, sales and installation of UPVC and PVC profiles, sheets, moulding, windows and doors. The company consequently did not provide a revenue or profit split within its Rs 157.4696 crore of September 2026 half-year revenue from operations.

Basic and diluted earnings per share were each Rs 8.61 for the half year ended September 30, 2026, compared with Rs 6.48 in the corresponding 2025 half. Kaka Industries states that half-year earnings per share are not annualised and are calculated on weighted-average share capital outstanding during the period. Share capital was Rs 13.66 crore at September 30, 2026, unchanged from March 31, 2026.

The results were prepared under Accounting Standard 25, or AS 25, Interim Financial Reporting, rather than Indian Accounting Standards. Kaka Industries states that listed small and medium enterprise exchange companies are exempt from compulsory adoption of Indian Accounting Standards; the board approved the results on November 6, 2026, and the statutory auditors issued an unmodified limited-review conclusion.

How did Kaka Industries' balance sheet change and what happened to the solar plant?

Kaka Industries' total assets rose to Rs 221.3795 crore at September 30, 2026, from Rs 208.5026 crore at March 31, 2026. Property, plant and equipment increased 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.

The company commissioned and capitalised a 7.5 megawatt ground-mounted captive solar power plant at Bordi, Thasra, in Kheda district during the half year. Solar plant and machinery of Rs 25.9048 crore was added to property, plant and equipment effective July 1, 2026. Kaka Industries said it began charging depreciation from the capitalisation date, meaning half-year depreciation is not comparable with earlier periods.

Working-capital balances were higher at September 30, 2026. Inventories increased to Rs 56.1895 crore from Rs 47.4625 crore and trade receivables rose to Rs 38.6464 crore from Rs 34.9822 crore, while cash and cash equivalents declined to Rs 2.9445 crore from Rs 8.7688 crore. Short-term borrowings fell to Rs 49.2274 crore from Rs 56.8076 crore, but trade payables due to other parties rose to Rs 20.0836 crore from Rs 11.6312 crore.

Conclusion

Kaka Industries delivered higher profit growth than revenue growth in the half year ended September 30, 2026, with net profit rising 32.85% to Rs 11.761 crore and revenue from operations increasing 26.08% to Rs 157.4696 crore. The reported comparison also shows expenses growing more slowly than revenue, while the company remains a single-segment plastic-products business.

The next results will provide a fuller view of the solar plant's effect because the 7.5 megawatt facility was capitalised only from July 1, 2026 and its depreciation was not comparable with prior periods. The unresolved working-capital movement also warrants attention after inventories reached Rs 56.1895 crore, receivables Rs 38.6464 crore and cash and cash equivalents Rs 2.9445 crore at September 30, 2026.