Kernex Microsystems Announces Q1 Results; Approves Director Re-appointments
Kernex Microsystems (India) Limited has released its unaudited financial results for the first quarter ended June 30, 2026. The company reported the approval of both consolidated and standalone performance metrics in its board meeting held on August 13, 2026.The Board also approved significant management appointments, including the re-appointment of two key executives for a term of three years.
Financial Performance Highlights (Q1 FY26)
Kernex Microsystems released detailed financial statements for the first quarter ended June 30, 2026, providing both unaudited and audited figures against previous periods. The results show robust income streams across various categories.Consolidated Financial Results
The consolidated statement shows Total Income for the quarter at ₹50,406.74 Lakhs. Key financial movements were tracked as follows:| Particulars | Q ended June 30, 2026 (Un-Audited) | Q ended March 31, 2026 (Audited) | Q ended June 30, 2025 (Un-Audited) | Y ended March 31, 2026 (Audited) |
|---|---|---|---|---|
| Total Income | 50,406.74 Lakhs | 25,549.74 Lakhs | 5,629.13 Lakhs | 43,246.78 Lakhs |
| Total Expenses | 35,593.03 Lakhs | 16,337.86 Lakhs | 4,673.96 Lakhs | 31,542.52 Lakhs |
| Profit before Tax | 14,813.71 Lakhs | 9,211.88 Lakhs | 955.18 Lakhs | 11,704.26 Lakhs |
| Total Tax Expense (Net) | 3,829.14 Lakhs | 2,386.79 Lakhs | 213.97 Lakhs | 2,879.96 Lakhs |
| Profit for the Period | 10,984.57 Lakhs | 6,825.09 Lakhs | 741.21 Lakhs | 8,824.30 Lakhs |
Standalone Financial Results
The standalone financial results for the quarter showed Total Income of ₹50,251.15 Lakhs. The company reported a Profit for the period of ₹10,957.16 Lakhs for the quarter ended June 30, 2026.| Particulars | Q ended June 30, 2026 | Q ended March 31, 2026 | Q ended June 30, 2025 | Y ended March 31, 2026 |
|---|---|---|---|---|
| Total Income | 50,251.15 Lakhs | 25,549.62 Lakhs | 5,401.67 Lakhs | 42,857.52 Lakhs |
| Total Expenses | 35,464.86 Lakhs | 16,706.60 Lakhs | 4,451.17 Lakhs | 31,915.04 Lakhs |
| Profit for the Period | 10,957.16 Lakhs | 6,456.23 Lakhs | 736.53 Lakhs | 8,062.52 Lakhs |
Key Corporate Updates and Operational Details
The Board meeting also addressed several key operational aspects and management decisions:- Director Re-appointments: The company approved the re-appointment of Mr. Badari Narayana Raju Manthena for a further period of three years, effective from September 2, 2026. The board also approved the re-appointment of Mr. Sitarama Raju Manthena as a Whole Time Director for three years, also effective from September 2, 2026.
- Order Book: As of the reporting date, the company's aggregate outstanding order book stands at ₹3,641 Crores (including GST). A major order, CLW, is currently under execution, with supplies completed to 45% as of August 13, 2026.
- Warranty Provision: During this quarter, the company recognized a provision of ₹30.05 Crore towards warranty obligations on KAVACH and signalling systems delivered under its railway safety contracts, which was included under "Other Expenses."
- Share Allotment: The company allotted 1,200 equity shares of ₹10 each, fully paid-up, following the exercise of stock options by employees.
Assessment of Financial Assets
The Management assessed several financial assets regarding their recoverability, stating that based on internal evaluation and reasonable certainty of recovery, these assets are good and fully recoverable:- Trade Receivables: Trade receivables from customers amount to ₹422.73 lakhs (compared to ₹422.73 lakhs in the previous year). The company provided an Expected Credit Loss (ECL) provision of ₹334.59 lakhs for the current quarter, noting that these receivables have been outstanding for more than three years.
- Bank Guarantees: Bank guarantees amounting to ₹265.03 lakhs, issued to one customer, are currently subject to arbitration or conciliation proceedings.
KERNEX Stock Price Movement
Today, shares of Kernex Microsystems (India) Limited rallied in post-market trading, closing up 7.79% to settle at ₹2339.6 after the positive movement. The company’s stock saw a robust exchange, with a traded volume tallying 758,622 shares today.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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