Kalind September revenue reaches Rs 88.20 crore, profit Rs 23.20 crore

Kalind Limited reported consolidated revenue from operations of Rs 88.20 crore and profit for the period of Rs 23.20 crore for the quarter ended 30 September 2026. Revenue rose from Rs 35.06 crore in the June 2026 quarter and Rs 17.97 crore in the September 2025 quarter, while profit increased from Rs 14.65 crore and Rs 9.23 crore, respectively.

How did Kalind perform in the September 2026 quarter?

Kalind recorded Rs 88.20 crore of revenue from operations in the quarter ended 30 September 2026, up by Rs 53.13 crore from Rs 35.06 crore in the preceding June 2026 quarter and by Rs 70.23 crore from Rs 17.97 crore a year earlier. Total income, including other income, reached Rs 88.61 crore, compared with Rs 35.36 crore in June 2026 and Rs 18.21 crore in September 2025.

Kalind's profit before tax was Rs 30.21 crore for the September 2026 quarter, versus Rs 18.61 crore in the June quarter and Rs 11.20 crore in the year-earlier quarter. The company reported no exceptional items in any of the three periods. Total tax expense was Rs 7.00 crore, comprising current tax of Rs 8.27 crore and a deferred-tax credit of Rs 1.27 crore, leaving profit for the period at Rs 23.20 crore.

What expenses accompanied Kalind's revenue increase?

Kalind's total expenses were Rs 58.40 crore in the September 2026 quarter, compared with Rs 16.76 crore in June 2026 and Rs 7.01 crore in September 2025. Cost of material consumed was Rs 58.64 crore, rising from Rs 1.86 crore sequentially and Rs 13.17 crore a year earlier. The cost line exceeded total expenses because the statement also recorded negative other expenses of Rs 7.42 crore.

Other expenses changed from a positive Rs 9.20 crore in June 2026 and Rs 95.60 lakh in September 2025 to negative Rs 7.42 crore in the September 2026 quarter. Employee benefit expense was Rs 2.30 crore, compared with Rs 2.00 crore in June 2026, while depreciation and amortisation increased to Rs 4.86 crore from Rs 3.67 crore. Finance costs were Rs 2.56 lakh, against Rs 2.24 lakh in the preceding quarter.

How did Kalind's first-half results compare with last year?

Kalind reported half-year revenue from operations of Rs 123.26 crore for the period ended 30 September 2026, compared with Rs 31.56 crore in the half year ended 30 September 2025. Total income increased to Rs 123.97 crore from Rs 32.36 crore. The six-month operating revenue also exceeded the Rs 79.85 crore reported for the full year ended 31 March 2026.

Profit before tax for the first half was Rs 48.82 crore, against Rs 17.46 crore in the comparable prior-year half, while profit for the period rose to Rs 37.85 crore from Rs 14.56 crore. Total expenses increased to Rs 75.16 crore from Rs 14.90 crore, including material consumption of Rs 60.51 crore against Rs 20.37 crore. Half-year tax expense was Rs 10.96 crore, including a deferred-tax credit of Rs 2.09 crore.

What changed in Kalind's balance sheet and cash flow?

Kalind's consolidated total assets stood at Rs 337.25 crore at 30 September 2026, compared with Rs 238.71 crore at 31 March 2026. Trade receivables rose to Rs 141.83 crore from Rs 48.79 crore, inventories increased to Rs 17.20 crore from Rs 6.25 crore, and property, plant and equipment increased to Rs 72.51 crore from Rs 50.78 crore. Total equity was Rs 249.53 crore, up from Rs 211.70 crore at the financial year-end.

For the half year ended 30 September 2026, Kalind generated operating cash flow of Rs 32.93 crore after direct taxes paid of Rs 13.06 crore. It used Rs 30.77 crore in investing activities, including Rs 30.25 crore spent on fixed-asset purchases, and used Rs 8.45 crore in financing activities. Cash and cash equivalents consequently declined by Rs 6.28 crore to Rs 1.23 crore, while trade payables rose to Rs 58.35 crore from Rs 6.41 crore at 31 March 2026.

What did the review report say about Kalind's results?

The independent auditor's review report dated 5 November 2026 said that nothing had come to its attention to indicate that Kalind's consolidated financial statement failed to make the required disclosures or contained a material misstatement. The report covered the quarter ended 30 September 2026 and the year-to-date period from 1 April 2026 to 30 September 2026, and stated that a review is substantially narrower in scope than an audit.

Kalind's consolidated group includes wholly owned subsidiary Prasad Earth Movers Private Limited. The subsidiary reported revenue of Rs 21.03 lakh and a net loss after tax of Rs 2.56 lakh for the September 2026 quarter; its six-month revenue was Rs 36.67 lakh and net loss was Rs 40.01 lakh. Kalind also disclosed that it completed a 1:5 share split and issued bonus shares in a 1:2 ratio during the year.

Conclusion

Kalind's September-quarter results show higher revenue, profit before tax and profit compared with both the June 2026 quarter and September 2025. The increase in revenue to Rs 88.20 crore coincided with material consumption of Rs 58.64 crore, while the negative Rs 7.42 crore other-expenses line also affected the movement in quarterly total expenses.

The next reported development to watch is the movement in working-capital balances after 30 September 2026. Receivables were Rs 141.83 crore, inventories were Rs 17.20 crore and cash was Rs 1.23 crore at that date, following Rs 30.25 crore of first-half fixed-asset purchases and a Rs 6.28 crore decline in cash.