30-Oct-2026 13:12:00
KRISHNA DEFENCE Q2 FY27: TARGETS 30%+ CAGR FOR NEXT 3–5 YEARS; ₹109 CR ORDER BOOK & ₹305 CR TENDER PIPELINE
• Growth Guidance: Management aims to achieve 30%+ CAGR over the next 3–5 years, supported by new defence products, manufacturing expansion and emerging business opportunities • Order Book: Unexecuted order book stood at ₹109 Cr as of September 30, 2026, with an additional ₹305 Cr tender pipeline under active pursuit • Quarterly Results: Revenue surged 55.7% YoY to ₹75.29 Cr, EBITDA jumped 119.9% to ₹20.25 Cr and net profit increased 120.4% to ₹15.12 Cr • Record Profitability: EBITDA margin reached an all-time high of 26.9%, expanding 786 bps YoY from 19% • Defence Ammunition Expansion: Signed MoU with a defence prime for development and supply of ammunition components • Underwater Technology: Received Transfer of Technology from CSIR-Goa for JAYA Autonomous Underwater Vehicle (AUV), strengthening underwater defence capabilities • Indian Navy Contracts: Secured two developmental contracts for platforms supporting Intelligence, Surveillance & Reconnaissance (ISR) and Anti-Submarine Warfare (ASW) • Defence Innovation: Won Indian Navy's iDEX challenge for underwater welding consumables and Drishti challenge for special steel products for Yantra India • International Expansion: Signed MoU with Belgium-based Pitagone for manufacturing barriers for export to Belgium • New Manufacturing Facility: Developing a facility in Chennai for AUV assembly, integration and testing, with approximately 85,000 sq. ft. assembly space and a 1.5 lakh-litre testing tank • Composite Products: Joint venture with Netherlands-based VABO for fire-resistant composite doors and hatches; pressure and fire tests completed, with Indian Navy trials in final stages • Export Opportunities: Exploring exports of composite doors and hatches to Southeast Asia, the Middle East and Europe • Defence Electronics: Expanding through 40%-owned Waveoptix Defence Solution, focusing on RF-over-fibre technology, secure communications and radar-related solutions • Future Business Plans: Exploring smart ammunition, aerospace components, specialised steel alloys, advanced underwater platforms and indigenisation of imported defence products • Marine Engineering Expansion: Leveraging associate Conceptia Software Technologies to expand into defence and commercial shipbuilding and offshore engineering services • H1 Performance: Revenue increased 14.3% YoY to ₹132.89 Cr, EBITDA grew 62.3% to ₹35.41 Cr and net profit increased 71.3% to ₹26.79 Cr • Capex Plans: Focused on underwater vehicle facilities, composite manufacturing and defence electronics; no specific fresh capex budget disclosed in the presentation
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