Kernex Microsystems Announces FY2026 Financial Results and Board Approvals

Kernex Microsystems Announces FY2026 Financial Results and Board Approvals​

Kernex Microsystems (India) Limited announced its financial results and key corporate approvals following its Board of Directors meeting held on May 29, 2026. The company released the Audited Standalone and Consolidated Financial Results for the quarter and financial year ended March 31, 2026, alongside updates on its governance structure and financial position.

Financial Performance Summary​

The company's financial results detail the performance across the year and the recent quarter.

For the Consolidated results (in ₹ Lakhs):


For the Standalone results (in ₹ Lakhs):


The Standalone Statement of Cash Flows for the year ended March 31, 2026, reported a net cash usage of ₹1,448.82 Lakhs, ending the period with cash and cash equivalents of ₹21.11 Lakhs.

Governance and Appointment Details​

The Board of Directors considered and approved several key corporate actions:

Director Appointment:
The Board approved the appointment of Mrs. Parvathi Manthena (DIN 11537664) as a Non-Executive Director. Mrs. Manthena has been associated with the Company as a Promoter for over 20 years. She is the wife of Dr. Anji Raju Manthena and the mother of Mr. Sitarama Raju Manthena.

Statutory and Cost Audit Approvals:
The Board also approved the re-appointment of M/s. Thirupathi & Associates as the Cost Auditors for the Financial Year 2026-27. Additionally, the company approved the re-appointment of M/s. M P R & Associates, Cost Accountants, as Cost Auditors for the financial year 2026-27, subject to shareholder ratification at the ensuing Annual General Meeting.

Operational Status:
As of the reporting date, the company's aggregate outstanding order book is ₹4150 Crores (Including GST).

Balance Sheet Highlights (As at March 31, 2026)​

The financial position of the company was reported in the following amounts (₹ in Lakhs):

Consolidated Statement of Assets and Liabilities:


Standalone Statement of Assets and Liabilities:

Audit Observations​

The statutory auditors, NSVR & Associates LLP, issued an audit report with an Unmodified Opinion on the Quarterly and Year to Date Audited Consolidated Financial Results.

The audit report included an Emphasis of Matter on the company's assessment of recoverability of certain financial assets:

• Trade receivables from customers amount to ₹422.73 lakhs (up from ₹422.10 lakhs in the previous year), with an Expected Credit Loss (ECL) provision of ₹309.59 lakhs (up from ₹211.67 lakhs). These receivables are outstanding for more than three years.
• Bank guarantees amounting to ₹265.03 lakhs given to one customer are currently under arbitration/conciliation proceedings.

The standalone audit also highlighted an impairment loss recognized on the investment in Avant-Garde Infosystems Inc. (Wholly Owned Subsidiary), amounting to ₹360.85 Lakhs.

KERNEX Stock Price Movement​

Today, Kernex Microsystems (India) Limited shares rallied, closing at ₹1689.9, marking a substantial gain of 13.77% for the day. The stock achieved strong momentum, trading on a volume of 2.20 million shares and pushing its price near its 52-week high.