KSR Footwear Limited returns to profit on Rs 50.99 crore revenue

KSR Footwear Limited returned to a Rs 29 lakh net profit for the quarter ended September 30, 2026, from a Rs 9.151 crore loss a year earlier, as revenue from operations rose to Rs 50.99 crore from Rs 42.43 crore. The board approved the unaudited results on November 13, 2026.

What did KSR Footwear report for the September 2026 quarter?

KSR Footwear reported profit before tax of Rs 39.6 lakh for the September 2026 quarter, compared with a pre-tax loss of Rs 8.309 crore in the quarter ended September 30, 2025. The company recorded tax expense of Rs 10.6 lakh in the latest quarter, against Rs 84.2 lakh a year earlier, resulting in net profit of Rs 29 lakh rather than the prior-year net loss of Rs 9.151 crore.

Revenue from operations increased by Rs 8.56 crore year on year to Rs 50.99 crore in the September 2026 quarter. Other income declined to Rs 23.9 lakh from Rs 48.04 lakh, but total income rose to Rs 51.229 crore from Rs 47.234 crore. Basic and diluted earnings per share were Rs 0.16, compared with a loss per share of Rs 4.93 in the corresponding quarter of 2025.

What changed in KSR Footwear's costs during the quarter?

KSR Footwear's total expenses fell to Rs 50.433 crore in the September 2026 quarter from Rs 55.547 crore a year earlier, while total income increased by Rs 3.995 crore. The combined change produced a Rs 39.6 lakh pre-tax profit, compared with a Rs 8.309 crore pre-tax loss in the September 2025 quarter.

Cost of materials consumed increased to Rs 36.827 crore from Rs 25.788 crore, while purchases of stock-in-trade rose to Rs 3.408 crore from Rs 1.21 crore. The change in inventories was negative Rs 1.647 crore in the latest quarter, compared with an expense of Rs 7.832 crore in the year-earlier quarter. The filing presents these movements as cost lines and does not provide product-level revenue or margin data for the Footwear segment.

Employee benefits expense increased to Rs 3.986 crore from Rs 3.579 crore in the September quarter, while depreciation and amortisation declined to Rs 2.417 crore from Rs 2.471 crore. Finance costs decreased to Rs 93.3 lakh from Rs 1.151 crore, and other expenses fell to Rs 10.516 crore from Rs 11.114 crore. These reported cost movements accompanied the increase in quarterly revenue to Rs 50.99 crore.

How did KSR Footwear perform in the first half of 2026-27?

KSR Footwear reported net profit of Rs 60.7 lakh for the six months ended September 30, 2026, compared with a net loss of Rs 13.973 crore in the six months ended September 30, 2025. Profit before tax was Rs 82.1 lakh, reversing a pre-tax loss of Rs 13.387 crore in the corresponding prior-year six-month period.

Six-month revenue from operations rose to Rs 101.24 crore from Rs 94.491 crore, an increase of Rs 6.749 crore. Total income was Rs 103.682 crore and total expenses were Rs 102.862 crore for the six months ended September 30, 2026. Basic earnings per share for the period were Rs 0.31, compared with a loss per share of Rs 7.61 in the prior-year period.

The September quarter had lower revenue than the preceding June 2026 quarter, when revenue from operations was Rs 52.25 crore. September-quarter profit before tax was Rs 39.6 lakh, compared with Rs 42.5 lakh in June, while total comprehensive income was Rs 32.9 lakh in September and Rs 35.6 lakh in June. Other comprehensive income was Rs 3.9 lakh in each of those two quarters.

What business segment does KSR Footwear operate in?

KSR Footwear operates primarily in one business segment, Footwear, as determined by its chief operating decision maker under Indian Accounting Standard 108 on operating segments. The filing therefore does not divide the Rs 50.99 crore September-quarter revenue or Rs 29 lakh net profit among separate operating divisions.

Paid-up equity share capital was Rs 18.374 crore at September 30, 2026, unchanged from the comparative periods in the results statement. KSR Footwear reported that it had no subsidiary, associate or joint venture for the quarter and six months ended September 30, 2026. The reported results consequently relate to the company rather than a group with separately disclosed subsidiary operations.

What did the review report and Labour Codes note say?

KSR Footwear's statutory auditor, Agarwal & Associates, issued its limited review report on November 13, 2026. The auditor stated that nothing had come to its attention suggesting that the unaudited results failed to make required disclosures or contained a material misstatement. The report states that a review provides moderate assurance and is not an audit opinion.

The filing identified an unresolved matter concerning four Labour Codes notified by the Government of India on November 21, 2025, followed by Central Rules notified on May 8, 2026. KSR Footwear said it had presented the incremental impact relating to gratuity and leave encashment as an exceptional item in the audited results for the quarter and year ended March 31, 2026. Draft rules in West Bengal were awaiting final notification when the company made its November 13, 2026 disclosure.

Conclusion

KSR Footwear's September 2026 results show a return to quarterly profit, with a Rs 29 lakh net profit replacing a Rs 9.151 crore loss a year earlier. Revenue growth to Rs 50.99 crore, alongside total expenses falling to Rs 50.433 crore, was reflected in a Rs 39.6 lakh pre-tax profit. The six-month result also moved into profit, producing Rs 60.7 lakh after tax versus the prior-year loss.

The disclosed matter to watch is the finalisation of West Bengal rules and any further government clarifications under the Labour Codes. KSR Footwear said it will continue to monitor those developments and provide appropriate accounting effect where needed, following the exceptional-item treatment used for the quarter and year ended March 31, 2026.