CFO Appointment and Financial Results for Q1 FY2026 Reported by Kusumgar Limited

CFO Appointment and Financial Results for Q1 FY2026 Reported by Kusumgar Limited​

Kusumgar Limited has appointed Mr. Ratan Jha as its Chief Financial Officer (CFO) and Key Managerial Personnel. The company also announced its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, alongside various corporate developments.

The appointment of Mr. Ratan Jha was approved by the Board of Directors on August 11, 2026, following recommendations from the Nomination and Remuneration Committee and Audit Committee. Mr. Jha brings over 18 years of experience as a seasoned finance professional. He holds a Master of Commerce degree from Mumbai University and is a qualified Chartered Accountant (CA) from the Institute of Chartered Accountants of India (ICAI). His executive education was completed at IIM Calcutta. Prior to joining Kusumgar, Mr. Jha held key roles at companies including Prabhudas Lilladher, Shree Pushkar Chemicals & Fertilisers Limited, and Epsilon Carbon Private Limited. His expertise covers IPO management, financial planning and analysis, taxation, treasury, and internal audit processes across various high-growth industries.

Financial Performance Highlights (Quarter Ended June 30, 2026)​

The company released its results, which were reviewed by the Audit Committee and approved by the Board of Directors. The reports provide both unaudited standalone and consolidated figures for the quarter ended June 30, 2026, alongside comparable data from preceding quarters and the financial year ending March 31, 2026.

Standalone Financial Results​

The unaudited standalone results showed Total Income of 1,289.53 INR million for the quarter ended June 30, 2026. Expenses totaled 1,869.57 INR million, resulting in a Profit Before Tax (PBT) of 57.07 INR million. The total income tax expense was reported at 14.52 INR million, leading to a Profit for the Period of 4,255 million. Earnings per share reflected 0.42 INR basic EPS and 0.41 INR diluted EPS.

Key figures from the standalone results are presented in the table below:

Consolidated Financial Results​

The unaudited consolidated results demonstrated Total Income of 1,263.49 INR million for the quarter ended June 30, 2026. Total expenses were reported at 1,170.32 INR million, leading to a Profit Before Tax (PBT) of 578.48 INR million. After accounting for income tax expense of 76.69 INR million, the Group recorded a Net Profit attributable to Owners of 426.47 INR million. Basic EPS stood at 0.66 INR and diluted EPS was 0.64 INR.

Consolidated financial data comparison:

Corporate Developments and Structural Updates​

The company disclosed several structural and capital market developments:

New Subsidiary and Operations:
Kusumgar Limited incorporated a new wholly owned subsidiary, Kusumgar Aerospace Private Limited (KAPL), which received its Certificate of Incorporation on April 8, 2026. KAPL is focused on the manufacturing of technical textiles. The company remains predominantly engaged in the single segment of 'Manufacturing of technical textile fabrics.'

Capital Structure and Share Management:
The company completed an Initial Public Offer (IPO) that included an Offer for Sale (OFS) comprising 15,521,350 Equity Shares, issued at a price of Rs. 419 per share. The IPO did not involve any proceeds received by the company. Furthermore, the Board of Directors resolved on June 16, 2026, to convert 35,01,372 Compulsory Convertible Preference Shares (CCPS) into an equal number of Equity Shares of face value Rs. 1 each. The company had also formulated the 'Kusumgar ESOP 2024,' having granted 21,87,782 options to employees up to June 30, 2026.

KUSUMGAR Stock Price Movement​

Shares of Kusumgar Limited are slipping by 3.37% in live trading as of 2:23 PM, with the equity trading at ₹615.55.The stock sheds ₹21.50 amidst volume hitting 462,124 shares after having previously achieved a significant 52-week high.