KINGFA - Kingfa Science
📢 Recent Corporate Announcements
Kingfa Science & Technology (India) reported a steady performance for Q3 FY 2025-26, with total revenue from operations growing 11.15% YoY to ₹489.46 crore. Net profit for the quarter stood at ₹45.17 crore, representing a sequential growth of 9.8% compared to Q2 FY26. The company's nine-month revenue also saw an 11.13% increase, reaching ₹1,417.08 crore. Domestic sales continue to dominate the revenue mix, accounting for 95% of the total quarterly turnover.
- Total Revenue from operations for Q3 FY26 increased 11.15% YoY to ₹48,945.96 Lakhs
- Net Profit after tax rose to ₹4,517.44 Lakhs in Q3 FY26 from ₹4,114.38 Lakhs in Q2 FY26
- Nine-month (9M) revenue grew by 11.13% YoY, reaching ₹1,41,708.30 Lakhs
- Earnings Per Share (EPS) improved to ₹33.34 in Q3 FY26 compared to ₹30.36 in the previous quarter
- Domestic sales contributed 95% of Q3 revenue (₹46,437.68 Lakhs), while exports accounted for 5%
Kingfa Science & Technology (India) Limited has approved its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The board meeting was held on February 7, 2026, and lasted over six hours, concluding at 4:10 P.M. While the specific financial figures were not detailed in the cover letter, the results have been reviewed by statutory auditors. This announcement fulfills the regulatory requirements under SEBI Regulations 30 and 33.
- Board approved unaudited financial results for the quarter and nine months ended December 31, 2025
- The board meeting commenced at 10:00 A.M. and concluded at 4:10 P.M. on February 7, 2026
- Statutory auditors have issued a Limited Review Report for the period
- The approval covers both standalone and consolidated financial performance metrics
Kingfa Science & Technology (India) Limited has approved its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The board meeting, held on February 7, 2026, included a review of the Limited Review Report from the statutory auditors. This announcement marks the formal disclosure of the company's performance for the third quarter of the 2025-26 fiscal year. While the cover letter does not list specific profit figures, it confirms the completion of the regulatory review process.
- Board approved Unaudited Standalone and Consolidated Financial Results for Q3 and 9M FY 2025-26.
- Limited Review Report issued by Statutory Auditors was reviewed and taken on record.
- The board meeting was comprehensive, lasting over 6 hours from 10:00 A.M. to 4:10 P.M.
- Compliance maintained with SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations.
Kingfa Science & Technology (India) Limited has officially approved its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The board meeting, held on February 7, 2026, concluded with the adoption of the financial statements and the accompanying Limited Review Report from statutory auditors. This filing confirms the completion of the mandatory Q3 reporting cycle for the company. Investors should now focus on the specific revenue and margin data within the full financial statements to gauge operational efficiency.
- Board approved Unaudited Standalone and Consolidated Financial Results for the quarter ended Dec 31, 2025.
- The board meeting was conducted on February 7, 2026, spanning from 10:00 A.M. to 4:10 P.M.
- Statutory Auditors issued a Limited Review Report for both the quarter and nine-month periods.
- The announcement complies with Regulation 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Kingfa Science & Technology (India) Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by Integrated Registry Management Services, confirms that share certificates received for dematerialization during the quarter ended December 31, 2025, were processed correctly. The Registrar confirmed that physical certificates were mutilated and cancelled, with the depository's name updated in records within the required 15-day period. This is a standard administrative filing ensuring the integrity of the company's shareholding records.
- Compliance certificate submitted for the quarter ended December 31, 2025.
- Dematerialization requests were processed and confirmed within the mandatory 15-day window.
- Integrated Registry Management Services Private Limited acted as the Registrar and Share Transfer Agent.
- Confirmation that securities are listed on both the National Stock Exchange and BSE Limited.
Kingfa Science & Technology (India) Limited has notified the exchanges regarding the closure of its trading window for all designated persons and insiders starting January 1, 2026. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations for the upcoming financial results. The restriction pertains to the unaudited financial results for the quarter and nine months ending December 31, 2025. The trading window will reopen 48 hours after the board meeting where these results are officially declared.
- Trading window closure to commence on January 1, 2026
- Closure applies to the quarter and nine months ending December 31, 2025
- Window will remain closed until 48 hours after the financial results are announced
- Board meeting date for result approval will be intimated separately in due course
Financial Performance
Revenue Growth by Segment
Total revenue from operations for Q2 FY 2025-26 reached INR 465.69 Cr, representing an 11.32% growth compared to INR 418.33 Cr in Q2 FY 2024-25. For the half-year (H1 FY 2025-26), revenue grew 11.12% YoY to INR 927.62 Cr from INR 834.77 Cr. The business is divided into Auto and Non-Auto segments, with the growth driven by increased demand in these sectors.
Geographic Revenue Split
The company is heavily domestic-focused, with Domestic Sales contributing 93% (INR 430.87 Cr) and Export Sales contributing 7% (INR 34.82 Cr) in Q2 FY 2025-26. This split remained consistent with H1 FY 2025-26 figures, where domestic sales were 92% (INR 856.00 Cr) and exports were 8% (INR 71.63 Cr).
Profitability Margins
Net Profit for the full year ended March 31, 2025, was INR 152.14 Cr on a total income of INR 1,754.07 Cr, yielding a net profit margin of 8.67%. For Q2 FY 2025-26, the Net Profit before tax was INR 55.38 Cr, showing a slight improvement of 2.43% over the previous quarter's INR 54.06 Cr.
EBITDA Margin
The Profit Before Tax (PBT) margin for Q2 FY 2025-26 stood at 11.89%, compared to 11.60% in Q1 FY 2025-26. This indicates stable core profitability despite fluctuations in raw material costs, as the company maintains a consistent spread over its input expenses.
Capital Expenditure
Total assets increased significantly from INR 1,155.62 Cr in March 2025 to INR 1,734.61 Cr by September 30, 2025, an expansion of INR 578.99 Cr (50.1%). This suggests substantial investment in capacity or working capital to support the 11% revenue growth trajectory.
Operational Drivers
Raw Materials
The primary costs are 'Cost of raw materials and components consumed,' which is the largest expense line. These typically include polymer resins and chemical additives used in modified plastics, though specific chemical names are not listed.
Capacity Expansion
While specific MTPA figures are not provided, the 50.1% increase in total assets to INR 1,734.61 Cr as of September 2025 indicates a major scale-up in operational infrastructure or inventory positioning to meet future demand.
Raw Material Costs
Raw material costs are the dominant expense. For the year ended March 31, 2025, the company managed these costs to achieve a PBT of INR 206.08 Cr. Procurement strategies involve balancing domestic and imported polymer resins to mitigate price volatility.
Strategic Growth
Expected Growth Rate
11.12%
Growth Strategy
Growth is being achieved through a dual-focus on the Auto and Non-Auto sectors. The company is leveraging its 93% domestic market dominance while maintaining a 7-8% export presence. The strategy involves scaling assets (50% increase in H1 FY26) to capture rising demand for high-performance modified plastics in the Indian manufacturing sector.
Products & Services
Modified plastics, engineering plastics, and high-performance polymer compounds used primarily in the Automotive and Non-Automotive industrial sectors.
Brand Portfolio
KINGFA
Market Expansion
The company is expanding its footprint in the domestic Indian market, as evidenced by the 11.32% YoY increase in domestic revenue to INR 430.87 Cr in Q2 FY 2025-26.
External Factors
Industry Trends
The industry is shifting toward lightweighting in vehicles to improve fuel efficiency and meet emission norms, which increases the demand for high-strength modified plastics. Kingfa is positioned as a key supplier to capitalize on this trend.
Competitive Landscape
Operates in a competitive market for engineering plastics, competing with both global chemical giants and domestic compounders.
Competitive Moat
The company's moat is built on its technical expertise in polymer compounding and its established relationships with major automotive OEMs. This is sustainable due to the high cost of switching suppliers and the rigorous testing required for automotive components.
Macro Economic Sensitivity
Highly sensitive to the Indian GDP and automotive production cycles. A 1% change in auto industry growth significantly impacts demand for the company's modified plastic components.
Consumer Behavior
Increasing consumer preference for premium vehicle interiors and lightweight electric vehicles (EVs) is driving higher plastic content per vehicle.
Geopolitical Risks
Global supply chain disruptions in the petrochemical industry could impact raw material availability, as polymer resins are globally traded commodities.
Regulatory & Governance
Industry Regulations
Operations are subject to the Companies Act, 2013, and Indian Accounting Standards (Ind AS). The company must also comply with automotive safety and material standards for its final products.
Taxation Policy Impact
The company follows standard Indian corporate tax rates. For FY 2024-25, it reported a tax expense against a PBT of INR 206.08 Cr.
Legal Contingencies
The auditors reported no material uncertainties regarding the company's ability to continue as a going concern. No specific pending litigation values were disclosed in the provided extracts.
Risk Analysis
Key Uncertainties
Raw material price volatility and automotive sector cyclicality are the primary risks, with a potential 5-10% impact on margins during periods of high crude oil prices.
Geographic Concentration Risk
High geographic concentration in India, which accounts for 93% of total revenue (INR 430.87 Cr in Q2 FY26).
Technology Obsolescence Risk
The shift toward new materials in EVs presents both a risk and an opportunity; failure to innovate in EV-specific polymers could lead to market share loss.
Credit & Counterparty Risk
Trade receivables stood at INR 435.78 Cr as of September 30, 2025, representing approximately 25% of total assets, indicating significant credit exposure to automotive OEMs.