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K&R Rail Engineering Ltd (514360)

📊 BSE: 514360 🏢 Civil Construction 📢 Latest filing: 08 Oct 2026 📝 Analysis written: 13 Nov 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, K&R Rail's revenue was ₹1.7 Cr (-98.1% year on year, -88.7% on the previous quarter), and net profit ₹-0.6 Cr (against a profit a year earlier); the operating margin was -31.4%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹1.7	-98.1%	-88.7%
Operating profit	₹-0.5	to loss	loss narrowed
Net profit	₹-0.6	to loss	loss narrowed
EPS (₹)	-0.01	to loss	loss narrowed
Operating margin	-31.4%	—	—

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

K&R Rail Q1 Standalone Revenue Drops 98% YoY to Rs 1.69 Cr; Net Loss at Rs 20.32 Lakhs

🔴 NEGATIVE ⭐ 7/10

EARNINGS 📅 08 Oct 2026, 07:03 PM

K&R Rail Engineering reported a standalone revenue from operations of Rs 1.69 crore for the quarter ended June 30, 2026, marking a severe decline from Rs 87.97 crore in Q1 FY26 (ended June 30, 2025). The company posted a standalone net loss of Rs 20.32 lakhs, compared to a profit of Rs 57.83 lakhs in the year-ago period. Auditors issued a qualified conclusion due to unconfirmed trade receivables, trade payables, and unprovided long-outstanding advances. Additionally, the auditor and management highlighted material uncertainty related to the company's ability to continue as a going concern, while noting an order book of Rs 102 crore as of June 30, 2026.

Revenue from operations fell sharply to Rs 169.10 lakhs (Rs 1.69 crore) in Q1 FY27 compared to Rs 8,796.97 lakhs (Rs 87.97 crore) in Q1 FY26
Net loss for the quarter stood at Rs 20.32 lakhs versus a net profit of Rs 57.83 lakhs in the same quarter last year
Confirmed order book stands at Rs 102 crore as of June 30, 2026, compared to management's operational turnover target of Rs 262.50 crore for FY 2026-27
Auditor issued a qualified conclusion regarding unconfirmed trade receivables, payables, and long-outstanding advances without provisions

💡 Track whether prospective commercial proposals in ports, mining, and railway infrastructure convert into binding orders to support liquidity and verify if auditors resolve the qualified conclusion on trade balances.

K&R Rail Q1 Standalone Revenue Drops 98% YoY to Rs 1.69 Cr; Net Loss at Rs 20.32 Lakhs

🔴 NEGATIVE ⭐ 7/10

EARNINGS 📅 08 Oct 2026, 07:01 PM

Revenue from operations fell sharply to Rs 169.10 lakhs (Rs 1.69 crore) in Q1 FY27 compared to Rs 8,796.97 lakhs (Rs 87.97 crore) in Q1 FY26
Net loss for the quarter stood at Rs 20.32 lakhs versus a net profit of Rs 57.83 lakhs in the same quarter last year
Confirmed order book stands at Rs 102 crore as of June 30, 2026, compared to management's operational turnover target of Rs 262.50 crore for FY 2026-27
Auditor issued a qualified conclusion regarding unconfirmed trade receivables, payables, and long-outstanding advances without provisions

K&R Rail Engineering Schedules Board Meeting on Oct 8, 2026 for Q1 FY27 Results

🟡 NEUTRAL ⭐ 2/10

BOARD_MEETING 📅 05 Oct 2026, 05:55 PM

K&R Rail Engineering has informed BSE that its Board of Directors will meet on October 8, 2026. The agenda includes considering and approving the unaudited financial results and the limited review report for the quarter ended June 30, 2026. The intimation is submitted pursuant to Regulation 29(1)(a) of SEBI LODR Regulations.

Board meeting date scheduled for October 8, 2026
Results to be considered for the quarter ended June 30, 2026
Intimation filed on October 5, 2026

💡 Track the financial results release on October 8, 2026, to assess quarterly operational turnaround and margins following previous quarter losses.

K&R Rail Engineering Appoints Manoj Kumar Jha as CEO; Amit Bansal Resigns

🟡 NEUTRAL ⭐ 7/10

MANAGEMENT 📅 20 Aug 2026, 06:14 PM

K&R Rail Engineering has announced the appointment of Mr. Manoj Kumar Jha as Additional Executive Director and CEO effective August 20, 2026, subject to shareholder approval. He succeeds Mr. Amit Bansal, who resigned from the position of Whole Time Director and CEO effective August 20, 2026, citing health issues. Mr. Jha brings over 25 years of experience in railway infrastructure, business development, signal & telecom, and project management. This top-level leadership transition comes at a time when the company reported FY26 revenue of ₹148.82 cr and a net loss of ₹17.86 cr.

Mr. Manoj Kumar Jha appointed as Additional Executive Director and CEO effective August 20, 2026
Mr. Amit Bansal resigned as Whole Time Director and CEO effective close of business on August 20, 2026, citing health issues
Mr. Manoj Kumar Jha brings over 25 years of experience in Railway Infrastructure and Project Management
Mr. Jha holds nil equity shares and is not related to any directors or promoters of the company

💡 Track shareholder approval for the appointment and monitor upcoming quarterly operational performance to assess execution under the new leadership.

K&R Rail Appoints Manoj Kumar Jha as CEO Following Amit Bansal's Resignation

🟡 NEUTRAL ⭐ 7/10

MANAGEMENT 📅 20 Aug 2026, 06:10 PM

K&R Rail Engineering announced that Mr. Amit Bansal has resigned from the position of Whole-Time Director and CEO effective close of business hours on August 20, 2026, citing health reasons. The Board has appointed Mr. Manoj Kumar Jha as Additional Executive Director and CEO effective August 20, 2026, subject to shareholder approval. Mr. Jha brings over 25 years of experience in railway infrastructure, business development, and project management. The leadership transition occurs at a time when the company reported FY26 annual revenue of ₹148.8 Cr and a net loss of ₹17.9 Cr.

Mr. Amit Bansal resigned as Whole-Time Director and CEO effective August 20, 2026, citing health issues.
Mr. Manoj Kumar Jha appointed as Additional Executive Director and CEO effective August 20, 2026.
New CEO brings over 25 years of experience in Railway Infrastructure, Signal & Telecom, and Project Management.
Mr. Manoj Kumar Jha holds 0 equity shares and is not related to any directors or promoters of the company.

💡 Monitor upcoming shareholder voting on Mr. Jha's appointment and watch for operational updates under new leadership to reverse FY26 net losses.

K&R Rail Appoints Manoj Kumar Jha as CEO Following Resignation of Amit Bansal

🟡 NEUTRAL ⭐ 7/10

MANAGEMENT 📅 20 Aug 2026, 06:05 PM

K&R Rail Engineering announced a top management transition following its board meeting on August 20, 2026. Mr. Amit Bansal resigned from his position as Whole Time Director and CEO citing health issues, effective August 20, 2026. The board appointed Mr. Manoj Kumar Jha, who brings over 25 years of experience in railway infrastructure and project management, as Additional Executive Director and CEO, subject to shareholder approval. The leadership change comes during an operational turnaround phase, following FY26 net losses of Rs 17.86 Cr.

Amit Bansal resigned as Whole Time Director & CEO with effect from close of business hours on August 20, 2026.
Manoj Kumar Jha appointed as Additional Executive Director and CEO effective August 20, 2026.
New CEO brings over 25 years of industry experience across Railway Infrastructure, Signal & Telecom, and Business Development.
Manoj Kumar Jha holds 0 equity shares in the company and has no relationship with existing directors or promoters.

💡 Watch for upcoming shareholder voting on the director appointment and track subsequent quarterly results to assess if operational execution improves under the new CEO.

K&R Rail Submits FY26 Annual Secretarial Compliance Report

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 18 Aug 2026, 04:43 PM

K&R Rail Engineering Limited has submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2026, pursuant to Regulation 24A of SEBI LODR. The audit, conducted by M/s. Dabas S & Co., reported overall compliance with applicable SEBI regulations and confirmed no enforcement actions or penalties by SEBI or stock exchanges. The only notable observation was that the company's website was under maintenance and inaccessible at the time of certification, preventing independent verification of online disclosures.

Annual secretarial compliance report issued for the financial year ended March 31, 2026
Zero penalties, deviations, or regulatory actions initiated by SEBI or Stock Exchanges during the year
Minor observation noted as website was inaccessible during audit, requiring reliance on management representations
No auditor resignations occurred during the financial review period

💡 Track subsequent quarterly financial earnings and operational turnaround, as this filing is a standard annual statutory submission.

K&R Rail Engineering to Hold Board Meeting on Aug 20, 2026 to Induct New Directors

🟡 NEUTRAL ⭐ 2/10

BOARD_MEETING 📅 17 Aug 2026, 03:45 PM

K&R Rail Engineering Limited has informed the exchange that a meeting of its Board of Directors will take place on Thursday, August 20, 2026. The primary agenda item is to consider and approve the induction of new directors into the company. The announcement comes as the micro-cap civil construction company (market cap: Rs 93 Cr) navigates operational challenges, having reported a net loss of Rs 17.86 Cr in FY26.

Board meeting scheduled to be held on August 20, 2026
Key agenda includes the consideration and approval of the induction of new directors
Filing submitted under Regulation 29(1)(a) of SEBI LODR Regulations, 2015

💡 Track the outcome disclosure following the August 20, 2026 meeting to evaluate the backgrounds, independence, and industry expertise of the newly appointed directors.

K&R Rail Reports FY26 Net Profit of ₹0.54 Cr; Auditor Issues Qualified Opinion on Documentation

🔴 NEGATIVE ⭐ 8/10

EARNINGS 📅 13 Aug 2026, 06:49 PM

K&R Rail Engineering reported a standalone net profit of ₹0.54 Cr for FY26, representing a massive contraction in business scale compared to FY25 revenue of ₹640 Cr. The fourth quarter (Q4 FY26) was particularly weak, posting a net loss of ₹11.33 Cr on a meager revenue of ₹11.10 Cr. Most critically, the statutory auditors issued a 'Qualified Opinion,' citing a lack of documentary evidence like transport documents for certain transactions and unreconciled trade balances. The company also appointed M/s. M G S Reddy & Co as internal auditors for the upcoming financial year.

FY26 Standalone Revenue fell to ₹150.71 Cr, a sharp decline from ₹640 Cr reported in FY25.
Q4 FY26 recorded a significant Net Loss of ₹11.33 Cr, wiping out gains from earlier quarters.
Statutory auditors flagged the absence of transport documents to support certain purchase and sales transactions.
Trade receivables of ₹21.28 Cr and various trade payables remain pending for confirmation and reconciliation.
The company reported long-outstanding advances for which no provisions have been made, despite recoverability concerns.

💡 Investors should exercise extreme caution and monitor the company's response to the auditor's qualifications regarding transaction validity and reconciliations. The sharp 76% year-on-year revenue decline suggests a severe operational breakdown or loss of major contracts that needs clarification in the next earnings call or report.

K&R Rail Engineering reports FY26 Net Loss of ₹17.13 Cr; Auditor issues Qualified Opinion

🔴 NEGATIVE ⭐ 8/10

EARNINGS 📅 13 Aug 2026, 06:47 PM

K&R Rail Engineering reported a standalone net loss of ₹17.13 Cr for FY26, a sharp downturn from the ₹5 Cr profit reported in FY25. Total income for the year stood at ₹236.06 Cr, which is significantly lower than the TTM revenue of ₹362 Cr. Crucially, the statutory auditor issued a qualified opinion, citing a lack of transport documents for certain transactions and unconfirmed trade receivables/payables. This raises significant concerns regarding internal controls and financial transparency for this ₹88 Cr market cap company.

Reported a standalone net loss of ₹17.13 Cr for the full year ended March 31, 2026.
Total income for FY26 was ₹236.06 Cr, reflecting a contraction in business scale compared to previous TTM figures.
Statutory auditors issued a qualified opinion due to missing documentary evidence like transport documents for certain purchases and sales.
Trade receivables amounting to ₹21.28 Cr remain pending for confirmation and reconciliation.
Appointed M/s. M G S Reddy & Co as Internal Auditors for the financial year 2026-27 to address control issues.

💡 Investors should closely monitor the 'Statement of Impact of Audit Qualification' and check for any subsequent regulatory queries regarding the missing transaction documentation.

Board Meeting Rescheduled to Aug 13, 2026, for Delayed FY26 Audited Results

🔵 WATCH ⭐ 4/10

BOARD_MEETING 📅 12 Aug 2026, 07:19 PM

K&R Rail Engineering has postponed its board meeting from August 12 to August 13, 2026, citing the non-availability of directors. The meeting is convened to approve the audited financial results for the quarter and full year ended March 31, 2026. This reporting is significantly delayed, as annual audited results are typically due within 60 days of the financial year-end. The company's trading window has remained closed since April 18, 2026, pending these results.

Board meeting rescheduled from August 12 to August 13, 2026
Meeting to approve audited results for the fiscal year ended March 31, 2026
Trading window has been closed for approximately 116 days since April 18, 2026
Company reported a TTM net loss of Rs 8 crore against a market cap of Rs 87 crore

💡 Monitor the release of audited results on August 13, 2026, specifically looking for any audit qualifications or explanations for the significant delay in reporting FY26 figures.

K&R Rail Engineering to consider FY26 audited results on August 12, 2026

🟡 NEUTRAL ⭐ 3/10

BOARD_MEETING 📅 08 Aug 2026, 03:12 PM

K&R Rail Engineering has scheduled a board meeting for August 12, 2026, to approve its audited financial results for the fiscal year ended March 31, 2026. The company is currently navigating a difficult financial phase with a TTM net loss of ‡8 Cr and a sharp decline in quarterly revenue from ‡227.93 Cr in March 2025 to ‡11.78 Cr in December 2025. Despite the losses, the company maintains a debt-free balance sheet with a net worth of ‡101 Cr. Investors will be looking for signs of operational recovery and stabilization in margins, which currently stand at -2.6% OPM.