Kody Technolab revenue nearly doubles, profit hits Rs 13.44 crore

Kody Technolab Limited reported standalone revenue from operations of Rs 65.41 crore and profit for the period of Rs 13.44 crore for the half year ended September 30, 2026, compared with Rs 33.21 crore and Rs 6.66 crore, respectively, in the corresponding 2025 half year. Profit was below the preceding half year's Rs 15.20 crore despite higher sales.

How much did Kody Technolab's revenue grow in the September half year?

Kody Technolab's revenue from operations rose by Rs 32.20 crore year on year to Rs 65.41 crore in the half year ended September 30, 2026, from Rs 33.21 crore in the half year ended September 30, 2025. The latest revenue was also higher than Rs 50.80 crore recorded in the half year ended March 31, 2026.

Total revenue, which includes other income, reached Rs 68.27 crore in the September 2026 half year, compared with Rs 33.49 crore a year earlier and Rs 56.99 crore in the preceding half year. Other income was Rs 2.86 crore, against Rs 28.17 lakh in September 2025, but lower than Rs 6.19 crore in March 2026.

Why was Kody Technolab's profit lower than the preceding half year?

Kody Technolab's profit for the period was Rs 13.44 crore in the September 2026 half year, up from Rs 6.66 crore in the September 2025 half year as profit before tax increased from Rs 8.91 crore to Rs 18.05 crore. Total tax expense rose to Rs 4.60 crore from Rs 2.26 crore over the year-on-year comparison.

Profit was Rs 1.76 crore lower than the Rs 15.20 crore reported for the half year ended March 31, 2026, although revenue from operations increased by Rs 14.61 crore sequentially. Profit before tax declined by Rs 3.81 crore from Rs 21.86 crore, while total tax expense fell by Rs 2.05 crore from Rs 6.66 crore.

Which costs increased for Kody Technolab during the half year?

Kody Technolab reported total expenses of Rs 50.22 crore for the half year ended September 30, 2026, compared with Rs 24.58 crore in the corresponding 2025 period and Rs 35.13 crore in the preceding half year. Cost of materials consumed was Rs 30.59 crore, up from Rs 8.78 crore a year earlier and Rs 20.60 crore in March 2026.

Employee benefit expense increased to Rs 5.85 crore from Rs 4.32 crore in September 2025 and Rs 4.79 crore in March 2026. Other expenses were Rs 10.76 crore, compared with Rs 5.53 crore and Rs 9.24 crore, respectively, while depreciation and amortisation expense rose to Rs 2.05 crore from Rs 1.11 crore and Rs 1.31 crore.

What did Kody Technolab report on earnings and business segments?

Kody Technolab reported basic earnings per share of Rs 9.33 for the September 2026 half year, compared with Rs 5.22 a year earlier and Rs 10.64 in the March 2026 half year. Diluted earnings per share were Rs 8.96, versus Rs 4.71 in September 2025 and Rs 10.42 in the immediately preceding half year.

Kody Technolab said Accounting Standard 17, which covers segment reporting, was not applicable because it operates in one primary segment: IT, robots and IT-enabled service. The audit committee and board approved the standalone unaudited results on November 2, 2026, and the statutory auditor issued an unmodified limited-review conclusion.

What changed in Kody Technolab's balance sheet and cash flow?

Kody Technolab's trade receivables increased to Rs 65.15 crore at September 30, 2026 from Rs 39.75 crore at March 31, 2026. Total assets rose to Rs 275.50 crore from Rs 241.37 crore, while cash and cash equivalents declined to Rs 31.17 crore from Rs 42.58 crore across the same dates.

Net cash from operating activities was Rs 51.20 lakh in the September 2026 half year, compared with Rs 2.26 crore in the corresponding 2025 period. Investing activities used Rs 37.86 crore, including Rs 16.07 crore for property, plant and equipment and Rs 22.37 crore of payments for long-term loans and advances, while financing activities generated Rs 25.94 crore.

How did Kody Technolab's warrant conversion affect its equity?

Kody Technolab allotted 123,100 fully paid equity shares on August 7, 2026 after a non-promoter investor converted the same number of convertible warrants. The shares had a face value of Rs 10 each and an issue price of Rs 975 each, including a securities premium of Rs 965 per share.

Kody Technolab said it received Rs 9.00 crore, representing the balance 75% of the warrant exercise price, for the conversion. The converted warrants were part of a total 676,900 warrants, and the company reported share capital of Rs 14.42 crore at September 30, 2026, compared with Rs 14.29 crore at March 31, 2026.

Conclusion

Kody Technolab's September 2026 standalone result shows substantial year-on-year increases in operating revenue, total revenue and profit. Revenue from operations rose to Rs 65.41 crore from Rs 33.21 crore, while profit reached Rs 13.44 crore from Rs 6.66 crore; however, the sequential comparison showed a Rs 1.76 crore decline in profit despite a Rs 14.61 crore increase in operating revenue.

The disclosed matters to watch are the movement in Rs 65.15 crore of receivables, cash generation after Rs 37.86 crore of investing outflows, and any further conversion from the 676,900-warrant issue. After the August 2026 conversion of 123,100 warrants, 553,800 warrants from that disclosed total had not been converted.