Kore Digital Reports Strong Growth in FY26 as It Expands into Defense Manufacturing Ecosystem

Kore Digital Reports Strong Growth in FY26 as It Expands into Defense Manufacturing Ecosystem​

Kore Digital Limited has reported a robust financial performance for the fiscal year ending March 31, 2026, driven by strengthening its position across telecom infrastructure and securing significant milestones within the defense manufacturing ecosystem. The company recorded consolidated Total Income of 408.38 crore in FY26, marking a 24.58% year-on-year increase compared to FY25.

The company’s EBITDA saw impressive growth, rising by 19.87% YoY to reach 57.00 crore. Profit after tax (PAT) stood at 36.91 crore, translating to an Earnings Per Share (EPS) of 29.89. Furthermore, operating cash flow increased by approximately 222% YoY during FY26, reaching 42.90 crore, which underscores the strength of its business fundamentals and disciplined financial management.

Ravindra Doshi, Managing Director, noted that the company’s entry into the defense manufacturing ecosystem is a major strategic milestone, aligning with long-term vision and India's indigenization initiatives. This expansion includes approval from the Indian Air Force’s ISc, alongside ongoing engagements with various defense establishments and technical collaboration initiatives in advanced manufacturing and deep-tech applications.

Telecom Infrastructure Operations​

Kore Digital Limited, established in 2009, serves as a key contributor to Maharashtra's telecom landscape through the deployment and upkeep of telecom towers, poles, and large-scale optical fiber networks. The company operates under authorization from the Department of Telecommunications and generates additional revenue by leasing or selling assets such as dark fiber and tower space to broadband and telecom providers.

In its operational capacity, KDL has successfully deployed over 600 cell sites across Mumbai and built an optical fiber backbone stretching over 700 Km in the city and adjoining districts. Its major clientele includes Reliance Jio, Vodafone Idea, Bharti Airtel, and Tata Teleservices. The company also continues to gain momentum through strategic projects like the Samruddhi Mahamarg OFC Network Project.

Financial Performance Overview (In Crore)​

The consolidated financial performance of Kore Digital Limited across three fiscal years is detailed below:

Balance Sheet and Cash Flow Highlights​

The company demonstrated significant growth in its equity base and asset structure across the reported years.

Consolidated Balance Sheet Summary:


Consolidated Cashflow Statement Summary:

Future Growth and Project Pipeline​

Kore Digital Limited has a substantial project pipeline lined up for the near future, focused on strategic infrastructure development along expressways and metropolitan lines. The current project portfolio amounts to 400 crore, primarily concentrated on the Samruddhi and Mumbai Metro lines. The company anticipates generating approximately 1,000 crore in revenue from similar infrastructure projects during FY26.

With over 14 years of consistent performance in high-demand telecom markets, Kore Digital is positioned to capitalize on India's growing digital ecosystem, backed by its Infrastructure Provider Category I license and robust market credibility with leading operators such as Reliance Jio, Vodafone Idea, Bharti Airtel, and Tata Teleservices.

KDL Stock Price Movement​

Kore Digital Limited shares shed 1.66% in after-hours trading today, closing at ₹123.80. The stock traded within an intraday range of ₹120.30 to ₹129.00, with 28,050 shares recorded during the session.