Kernex Microsystems Q3FY26 Results: Profit Declines, Order Book at ₹3,268 Cr
Kernex Microsystems reported Q3FY26 results with consolidated revenue from operations at ₹7,259.76 lakhs. For the nine months, consolidated revenue was ₹17,564.43 lakhs. The company has an order book of ₹3,268 Cr. Auditors noted issues with financial asset recoverability and a qualified report on standalone investments.
The financial results show a mixed performance with a decline in quarterly profit and a significant order book. However, the auditor's qualification and emphasis on matters related to financial asset recoverability and investment impairment introduce a degree of uncertainty that could impact investor confidence.
The company's consolidated profit before tax for the quarter decreased compared to the previous year's corresponding quarter, and the auditors' report includes a qualification regarding impairment of investments and an emphasis of matter concerning financial asset recoverability, indicating potential financial risks.
Kernex Microsystems (India) Limited announced its un-audited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The Board of Directors approved these results at a meeting held on February 12, 2026.
For the quarter ended December 31, 2025, the company reported consolidated revenue from operations of ₹7,259.76 lakhs. Total income stood at ₹7,307.43 lakhs, with total expenses at ₹6,680.61 lakhs, resulting in a profit before tax of ₹626.80 lakhs. The profit attributable to equity holders was ₹604.11 lakhs.
For the nine months ended December 31, 2025, consolidated revenue from operations was ₹17,564.43 lakhs. Total income was ₹17,697.04 lakhs, and total expenses were ₹15,204.67 lakhs, leading to a profit before tax of ₹2,492.37 lakhs. The profit attributable to equity holders for this period was ₹2,008.06 lakhs.
On a standalone basis for the quarter ended December 31, 2025, revenue from operations was ₹7,248.57 lakhs, with total income at ₹7,295.79 lakhs and total expenses at ₹6,655.45 lakhs. Profit before tax stood at ₹640.34 lakhs, and profit attributable to equity holders was ₹619.41 lakhs.
For the nine months ended December 31, 2025, standalone revenue from operations was ₹17,123.26 lakhs. Total income was ₹17,307.90 lakhs, and total expenses were ₹15,208.44 lakhs, resulting in a profit before tax of ₹2,099.46 lakhs. The profit attributable to equity holders for this period was ₹1,606.29 lakhs.
The company's outstanding order book as of the reporting date is approximately ₹3,268 Crores (excluding GST), with ₹2,500 Crores relating to LOCO TCAS projects awarded by Chittaranjan Locomotive Works (CLW) and Banaras Locomotive Works (BLW).
The auditors have highlighted an Emphasis of Matter regarding the recoverability of certain financial assets, including trade receivables outstanding for over three years amounting to ₹422.73 lakhs and bank guarantees of ₹265.03 lakhs under arbitration. Additionally, in standalone financials, the auditors have qualified their report due to the non-recognition of an impairment loss of ₹1,275.97 lakhs on the investment in Avant-Garde Infosystems, Inc. (USA).
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Kernex Microsystems (India) Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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