Kavveri Defence and Wireless Technologies Reports Q1 Results: Standalone and Consolidated Financials Reviewed
Kavveri Defence & Wireless Technologies Limited, formerly known as Kavveri Telecom Products Limited, released its unaudited financial results for the first quarter ended June 30, 2026. The company's Board of Directors reviewed both the standalone and consolidated results on August 14, 2026.The Board meeting focused on the outcome of the Q1 performance. The management provided the standalone unaudited financial results, which were presented along with a Limited Review Report. Additionally, the independent auditor’s review report for the consolidated financials was also noted by the board.
Standalone Financial Results Overview (Q1 FY27)
The company reported its standalone Q1 performance metrics based on data reviewed during the period ending June 30, 2026.Key financial highlights from the unaudited standalone results include:
- Total Income stood at ₹66.52 lakhs.
- The company incurred a loss of (₹152.20) lakhs before tax.
- Loss attributable to owners of the entity was reported as (₹152.20) lakhs.
A breakdown of the standalone Q1 financial performance, including previous period comparisons, is presented below:
| Particulars | Unaudited Qtr Ended 30/06/26 (Rs in lakhs) | Audited Qtr Ended 30/06/25 (Rs in lakhs) | Unaudited Qtr Ended 31/03/26 (Rs in lakhs) | Audited Qtr Ended 31/03/26 (Rs in lakhs) |
|---|---|---|---|---|
| Revenue from operations | 43.78 | 63.78 | 286.13 | 510.21 |
| Other Income | 22.14 | 17.09 | 0.15 | 209.66 |
| Total Income | 66.52 | 246.43 | 286.28 | 719.87 |
| Cost of Material Consumed | 24.17 | 112.46 | 5046 | 20043 |
| Employee Benefit Expenses | 95.15 | 63.44 | 35.03 | 178.55 |
| Depreciation & Amortisation | 8.91 | 5.61 | 2.80 | 18.98 |
| Total Expenses | 218.72 | 211.67 | 193.04 | 638.69 |
| Profit/(loss) before Tax | (152.20) | 3476 | 93.24 | 81.17 |
Consolidated Financial Results and Audit Qualification
The independent auditor's review of the unaudited consolidated financial results, covering the period ended June 30, 2026, noted a basis for qualified opinion. This qualification relates to the exclusion of certain subsidiaries' financial outcomes from the consolidated statements.Key highlights from the consolidated Q1 performance:
- Total Income reached ₹303.15 lakhs.
- The company reported a loss of (₹121.10) lakhs before tax.
- Loss attributable to owners was recorded at (₹121.10) lakhs.
According to the audit qualification statement, the consolidated financial statements do not include the results of seven subsidiaries: Kavveri Telecom Infrastructure Limited, EAICOM India Private Limited, Kavveri Technologies Americans Inc., New England Communications Systems Inc., Quality Communications Systems Inc., Spotwave Wireless Ltd, and Trackcom Systems International Inc. The omission was attributed to factors such as one subsidiary undergoing insolvency and another being bankrupt in Canada.
The financial data related to the consolidated statements for the quarter ended June 30, 2026, is summarized below:
| Particulars | Unaudited Figures (Rs in lakhs) |
|---|---|
| Revenue from operations | 144.33 |
| Other Income | 3718 |
| Total Income | 303.15 |
| Cost of Material Consumed | 9227 |
| Employee Benefit Expenses | 11265 |
| Depreciation & Amortisation | 891 |
| Total Expenses | 30261 |
| Profit/(loss) before Tax | (121.10) |
| Loss attributable to Owners of the entity | (121.10) |
The unaudited results for both standalone and consolidated entities were reviewed by Chartered Accountants Rajagopal & Badrinarayanan on August 14, 2026.
KAVDEFENCE Stock Price Movement
Today, shares of Kavveri Defence & Wireless Technologies Limited slipped by approximately 0.58% to settle at ₹56.96 in post-market trading. The stock saw a total traded volume of 75,502 shares as the market concluded for the day.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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