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KROSS - Kross Ltd

📊 NSE: KROSS 🏢 Auto Ancillaries 📅 Last Updated: 12/14/2025 9:05

📢 Recent Corporate Announcements

Kross Ltd Commissions India's First Seamless Axle Beam Plant; Capacity Up 60% to 8,000 Units/Month

🟢 POSITIVE ⭐ 8/10

EXPANSION 📅 27 Feb 2026, 06:10 PM

Kross Limited has commissioned a pioneering Axle Beam Extrusion Plant, the first in India to produce seamless, single-piece axle beams for heavy commercial vehicles. This facility increases the company's total axle beam capacity by 60%, moving from 5,000 units to 8,000 units per month. Commercial operations are slated to begin in April 2026, positioning the company for significant revenue growth in FY27. The new technology replaces traditional welded beams, offering superior strength and reduced weight, which is expected to drive demand from major M&HCV and tractor OEMs.

Commissioned India's first seamless, single-piece axle beam facility for HCVs on February 27, 2026
Total production capacity increased by 60%, rising from 5,000 to 8,000 units per month
Commercial production is scheduled to commence from April 2026, impacting FY27 financials
New technology eliminates welding, enhancing product reliability and reducing component weight
Expansion targets high-growth segments including M&HCVs, tractors, and off-highway vehicles

💡 Investors should view this as a strong growth catalyst that enhances Kross's competitive edge through technological differentiation. Monitor the ramp-up of commercial operations in Q1 FY27 and its impact on margins due to improved production efficiency.

Kross Limited Commissions India's First Axle Beam Extrusion Plant; Capacity to Rise by 8,000 Units

🟢 POSITIVE ⭐ 8/10

EXPANSION 📅 27 Feb 2026, 06:05 PM

Kross Limited has commissioned a new, technologically advanced Axle Beam Extrusion Plant, marking a first-of-its-kind facility in India. The company is investing Rs 25 crore, funded via public issue proceeds, to add 8,000 units per month to its existing 5,000 units per month capacity. This expansion, expected to be fully operational by April 2026, shifts production from traditional four-piece welded designs to a superior single-piece extrusion process. The new technology enhances product strength and reduces weight, potentially providing a significant competitive edge in the heavy commercial vehicle industry.

Investing Rs 25 crore to add 8,000 units/month capacity by April 2026
First-of-its-kind single-piece axle beam extrusion technology in India
Existing capacity of 5,000 units/month currently operating at 80% utilization
Project financed through proceeds from the company's Public Issue
New technology improves tire life, reduces weight, and increases component reliability

💡 Investors should monitor the successful ramp-up of this new capacity by April 2026, as the proprietary technology could lead to higher market share and improved margins. This expansion significantly increases the company's production scale and technological moat in the CV component sector.

Kross Ltd Q3 FY26 Revenue Jumps 18% YoY to ₹177.5 Cr; M&HCV Segment Sees Strong Recovery

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 03 Feb 2026, 06:45 PM

Kross Limited reported a robust Q3 FY26 with revenue growing 18.1% YoY to ₹177.5 crores, driven by a recovery in the M&HCV segment after seven quarters of stagnation. EBITDA margins improved to 13.2% for the quarter, while 9M FY26 PAT rose 6.1% to ₹32.8 crores. The company is aggressively expanding capacity with a new axle beam extrusion plant and seamless tube facility expected to commission in February 2026. Management is optimistic about the trailer segment and exports, targeting double-digit export contribution by FY27.

Q3 FY26 revenue grew 37% sequentially to ₹177.5 crores, with EBITDA margins reaching 13.2%.
M&HCV segment witnessed growth for the first time in 7 quarters, led by demand from Tata Motors and Ashok Leyland.
New Tipping Jack product launched for the trailer segment with a peak capacity target of 800 units per month.
Exports grew 14% in 9M FY26, with a roadmap to reach double-digit revenue share by FY27.
90% of IPO proceeds have already been deployed, with the remainder to be utilized by the end of FY26.

💡 Investors should monitor the successful commissioning of the axle beam plant in February and the volume ramp-up of the new Tipping Jack product. The recovery in the M&HCV cycle and strong tractor segment growth provide a positive outlook for the upcoming quarters.

Kross Limited Releases Audio Recording of Q3 & 9M FY26 Earnings Call

🟡 NEUTRAL ⭐ 4/10

EARNINGS 📅 30 Jan 2026, 02:13 PM

Kross Limited has submitted the audio recording of its earnings conference call held on January 30, 2026. The call focused on the company's financial performance for the quarter and nine-month period ending December 31, 2025. Senior management discussed operational highlights and addressed questions from analysts and institutional investors. This disclosure is part of the company's regulatory compliance under SEBI Listing Obligations.

Earnings conference call conducted on January 30, 2026, for Q3 and 9M FY26 results.
Audio recording made available on the company's official website for investor access.
Management provided commentary on the financial performance for the period ending December 31, 2025.
The session included an interactive Q&A with institutional investors and analysts.

💡 Investors should listen to the recording to understand management's outlook on the industry and specific growth drivers for the upcoming quarters. It is a useful resource for qualitative analysis beyond the reported numbers.

Kross Ltd Reports 18.3% Q3 Revenue Growth; Axle Capacity to Rise 50% by Feb 2026

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 29 Jan 2026, 08:27 PM

Kross Limited reported a strong Q3 FY26 with revenue growing 18.3% YoY to ₹177.5 crore and EBITDA margins holding steady at 13.2%. The company is aggressively expanding capacity, with an axle beam extrusion plant set for February 2026 commissioning, which will boost capacity by 50%. Export contributions reached 3.8% in 9M FY26, with a clear roadmap to reach double digits by FY27 following new European Tier-1 orders. Additionally, the company is investing ₹167 crore in a seamless tube plant for backward integration, expected to start production by Q4 FY27.

Q3 FY26 revenue grew 18.3% YoY to ₹177.5 crore with PAT increasing 2.9% to ₹14.0 crore.
Axle beam capacity to increase from 5,000 to 7,500 units/month following Feb 2026 commissioning.
Secured new export orders from a European Tier-1 company; 9M export revenue grew 14% YoY.
Investing ₹167 crore in a new seamless tube facility with 1,20,000 tons capacity for backward integration.
Tractor segment revenue grew 16% in 9M FY26, with a target to reach 15% of total revenue in two years.

💡 Investors should monitor the timely commissioning of the extrusion and forging plants in February 2026 as they are critical for near-term volume growth. The company's focus on backward integration and export expansion provides a positive long-term outlook for margin improvement.

Kross Limited Reports Zero Deviation in Utilization of INR 2,500 Million IPO Proceeds

🟢 POSITIVE ⭐ 7/10

REGULATORY 📅 29 Jan 2026, 08:25 PM

Kross Limited has confirmed that there is no deviation or variation in the utilization of funds raised through its Initial Public Offering (IPO) for the quarter ended December 31, 2025. Out of the net fresh issue proceeds of INR 2,369.19 million, the company has successfully utilized INR 2,066.24 million across various objects including debt repayment and capital expenditure. Specifically, the company has fully repaid designated borrowings of INR 900 million and invested INR 553.29 million in machinery and equipment. The monitoring agency, India Ratings and Research Private Limited, has reviewed the utilization, ensuring transparency in fund management.

Total IPO fresh issue proceeds of INR 2,500 million raised on September 12, 2024.
INR 900 million fully utilized for repayment or prepayment of outstanding borrowings.
INR 553.29 million spent on capital expenditure for machinery against an allocation of INR 700 million.
INR 144.80 million utilized for working capital requirements out of the allocated INR 300 million.
Actual issue expenses were INR 130.81 million, resulting in a saving of INR 7.27 million redirected to general corporate purposes.

💡 Investors should view this as a positive sign of corporate governance and adherence to the IPO prospectus. The full repayment of debt and ongoing capital expenditure indicate the company is executing its growth strategy as planned.

Kross Ltd Q3 FY26 Net Profit Surges 73% QoQ to ₹139.4 Million

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 29 Jan 2026, 06:35 PM

Kross Limited reported a strong sequential performance for the quarter ended December 31, 2025, with revenue from operations growing 36.5% QoQ to ₹1,774.78 million. Net profit saw a significant jump of 73.5% sequentially, reaching ₹139.40 million compared to ₹80.33 million in the previous quarter. On a year-on-year basis, revenue grew by 18.3% from ₹1,500.53 million in Q3 FY25. The company has successfully utilized approximately 87% of its net IPO proceeds, amounting to ₹2,066.23 million, primarily for debt repayment and capital expenditure.

Revenue from operations increased to ₹1,774.78 million in Q3 FY26 from ₹1,300.20 million in Q2 FY26.
Net Profit (PAT) surged 73.5% QoQ to ₹139.40 million, showing strong margin recovery.
Total income for the nine-month period (9M FY26) stood at ₹4,411.62 million.
Utilized ₹900 million of IPO proceeds for debt repayment and ₹553.28 million for machinery and equipment.
Earnings Per Share (EPS) improved to ₹2.14 for the quarter from ₹1.25 in the preceding quarter.

💡 The strong sequential recovery in both revenue and profitability indicates improving operational efficiency and capacity utilization. Investors should maintain a positive outlook as the company completes its IPO-funded expansion and debt reduction.

Kross Ltd Q3 FY26 Net Profit Rises 73% QoQ to ₹13.94 Cr; Revenue Up 36% QoQ

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 29 Jan 2026, 06:33 PM

Kross Limited reported a strong sequential performance for the quarter ended December 31, 2025, with revenue growing 36.5% QoQ to ₹177.48 crore. Net profit saw a significant jump of 73.5% compared to the previous quarter, reaching ₹13.94 crore. On a year-on-year basis, revenue grew by 18.3% from ₹150.05 crore in Q3 FY25. The company has successfully utilized approximately 87% of its net IPO proceeds, focusing on debt repayment and capital expenditure for machinery.

Revenue from operations increased to ₹1,774.78 million in Q3 FY26 from ₹1,300.20 million in Q2 FY26.
Net Profit for the quarter stood at ₹139.40 million, a sharp recovery from ₹80.33 million in the preceding quarter.
9M FY26 total income reached ₹4,611.61 million with a cumulative net profit of ₹326.11 million.
Utilized ₹2,066.23 million of IPO proceeds, with ₹302.96 million remaining for working capital and machinery.
EBITDA margins showed improvement as Profit Before Tax rose to ₹192.80 million from ₹118.16 million QoQ.

💡 The strong sequential recovery in both top-line and bottom-line suggests that the company is effectively scaling post-listing. Investors should maintain a positive outlook while monitoring the impact of new labor codes and the completion of planned capital expenditures.

Kross Limited to Host Q3 FY26 Earnings Conference Call on January 30, 2026

🟡 NEUTRAL ⭐ 4/10

EARNINGS 📅 23 Jan 2026, 07:25 PM

Kross Limited has scheduled its earnings conference call for the third quarter and nine months ended December 31, 2025, on January 30, 2026, at 12:00 PM IST. The senior management team, including the Chairman and CFO, will discuss the company's unaudited standalone financial results with analysts and investors. This call is a key event for shareholders to understand the company's operational performance and future outlook. The session will be coordinated by Equirus Securities and includes international toll-free access for global participants.

Earnings call scheduled for Friday, January 30, 2026, at 12:00 PM IST.
Management will discuss unaudited standalone results for Q3 and the nine-month period ended Dec 31, 2025.
Key participants include Chairman Sudhir Rai, WTD Sumeet Rai, and CFO Kunal Rai.
Universal access numbers for the call are +91 22 6280 1224 and +91 22 7115 8125.
International toll-free numbers are available for Hong Kong, Singapore, UK, and USA.

💡 Investors should attend or review the transcript of the call to gauge management's commentary on volume growth and margin sustainability. Pay close attention to any updates regarding the utilization of recent IPO proceeds if applicable.

Kross Limited Rectifies Audit Committee Composition Intimation

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 19 Jan 2026, 04:12 PM

Kross Limited has issued a rectification regarding its Audit Committee re-constitution originally announced on November 14, 2025. The company clarified that Mr. Kunal Rai, the Whole Time Director (Finance) and CFO, is designated as a Permanent Invitee rather than a Member. The committee continues to be led by Chairman Sanjiv Paul, an Independent Director, alongside two other members. This administrative update ensures the company's filings are in strict compliance with SEBI LODR Regulations 2015.

Correction of Mr. Kunal Rai's designation from Member to Permanent Invitee in the Audit Committee
Audit Committee composition includes 2 Independent Directors and 1 Executive Director as members
Sanjiv Paul remains the Chairman of the Audit Committee as a Non-Executive Independent Director
The rectification pertains to an earlier intimation dated November 14, 2025

💡 No action is required as this is a routine clerical correction to a previous regulatory filing. Investors should maintain their current outlook on the company's fundamentals.

Kross Limited Schedules Virtual Group Investor Meeting for January 13, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 08 Jan 2026, 06:42 PM

Kross Limited has announced a virtual group meeting with institutional investors and analysts scheduled for January 13, 2026, at 3:00 PM IST. The company clarified that the discussions will be based solely on publicly available information, ensuring no unpublished price sensitive information (UPSI) is disclosed. This meeting is part of the company's regular investor relations activities under SEBI (LODR) Regulations. Investors should look for subsequent filings regarding the outcome or presentation from this session to gauge institutional sentiment.

Virtual group meeting with analysts and institutional investors scheduled for January 13, 2026.
The meeting is set to commence at 3:00 PM IST.
Company explicitly stated that no Unpublished Price Sensitive Information (UPSI) will be discussed.
The interaction is conducted in compliance with Regulation 30(6) of SEBI (LODR) Regulations, 2015.

💡 No immediate action is required as this is a routine disclosure; however, investors should monitor for any post-meeting presentations or transcripts for insights into the company's outlook.

Kross Limited Submits SEBI Regulation 74(5) Compliance Certificate for Q3 FY26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 07 Jan 2026, 11:50 AM

Kross Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by KFin Technologies Limited, confirms that all securities dematerialized or rematerialized during the quarter ended December 31, 2025, have been correctly processed. This information has been furnished to both the BSE and the National Stock Exchange of India. Such filings are standard procedural requirements for listed companies to ensure the integrity of electronic shareholding records.

Compliance certificate submitted for the quarter ended December 31, 2025.
Issued by Registrar and Share Transfer Agent (RTA) KFin Technologies Limited.
Confirms adherence to SEBI (Depositories and Participants) Regulations, 2018.
Covers reporting for both NSDL and CDSL depositories.
Filed with BSE (Scrip Code: 544253) and NSE (Symbol: KROSS) on January 7, 2026.

💡 No action is required from investors as this is a routine administrative filing confirming the company's compliance with depository regulations.

Kross Limited Announces Trading Window Closure from January 1, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 30 Dec 2025, 11:41 AM

Kross Limited has announced the closure of its trading window for all designated persons and their immediate relatives starting January 1, 2026. This move is a standard regulatory requirement under SEBI (Prohibition of Insider Trading) Regulations, 2015. The closure is in anticipation of the declaration of the company's unaudited financial results for the quarter and nine months ending December 31, 2025. The window will remain closed until 48 hours after the results are publicly disclosed.

Trading window closure effective from Thursday, January 1, 2026.
Closure applies to designated persons and their immediate relatives per SEBI regulations.
Window to reopen 48 hours after the announcement of Q3 and nine-month financial results ending December 31, 2025.
The specific date for the Board Meeting to approve financial results will be announced separately.

💡 This is a routine regulatory filing with no direct impact on stock fundamentals; investors should monitor for the upcoming Q3 earnings date.

Kross Ltd Launches Tipping Jacks; Targets 800 Units Monthly Capacity by FY 2027

🟢 POSITIVE ⭐ 7/10

EXPANSION 📅 19 Dec 2025, 04:28 PM

Kross Limited has expanded its product portfolio by launching Tipping Jacks for the trailer segment on December 19, 2025. The company aims to achieve a production capacity of 800 Tipping Jacks per month by FY 2027, catering to both domestic and international markets. This launch leverages Kross's existing strong brand presence in the trailer axle and suspension business. The product is designed for use by both independent trailer manufacturers and Original Equipment Manufacturers (OEMs), potentially opening new revenue streams.

Launched Tipping Jacks for the trailer segment on December 19, 2025
Targeting a production capacity of 800 units per month during FY 2027
Product caters to both domestic and international markets under HSN Code 84254200
Strategic expansion to target both trailer manufacturers and Original Equipment Manufacturers (OEMs)

💡 Investors should track the company's progress toward the 800-unit monthly capacity target and monitor for new OEM contract wins. This expansion into integrated trailer kits could lead to higher wallet share per customer and improved margins.

Kross Limited Surrenders Bank Facilities; CARE Ratings Withdraws Ratings Following Debt Repayment

🟢 POSITIVE ⭐ 6/10

ROUTINE 📅 05 Dec 2025, 04:16 PM

Kross Limited has announced the withdrawal of its credit ratings by CARE Ratings effective December 4, 2025, following the surrender of its bank facilities. The company has confirmed that there is no outstanding debt under these facilities, reflecting a significant improvement in its financial position. Financial data indicates that the overall gearing ratio improved from 1.02 in FY24 to 0.15 in FY25, following its listing in September 2024. This deleveraging and strong interest coverage suggest a robust balance sheet and reduced financial risk.

CARE Ratings has withdrawn all ratings for bank facilities as the company has zero outstanding debt under them.
Overall gearing ratio significantly improved to 0.15x in FY25 from 1.02x in FY24.
Interest coverage ratio remains strong at 8.35x for the H1FY26 period.
The withdrawal was initiated after the company received No Objection Certificates (NOCs) from its lenders.
Total operating income for FY25 stood at ₹621.34 crore with a PAT of ₹48.03 crore.

💡 Investors should view the debt-free status of these facilities as a positive sign of financial discipline and balance sheet strength. Monitor the company's future capital expenditure plans and how they intend to fund growth without these specific credit lines.

View All KROSS Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Total revenue was INR 620.41 Cr in FY25, showing a flat growth of 0.02% YoY compared to INR 620.25 Cr in FY24. Historical growth was 26.9% in FY24 and 63.8% in FY23. Segments include Commercial Vehicles and Tractors, though specific percentage splits are not disclosed.

Geographic Revenue Split

Currently 100% domestic (India) with operations centered in Jamshedpur. The company is expanding into Europe and the US, with samples already dispatched to Tier 1 OEMs and approval expected in Q3 FY26.

Profitability Margins

Net Profit Margin improved to 7.99% in FY25 (INR 49.56 Cr) from 7.23% in FY24 (INR 44.88 Cr). Gross margin is approximately 43.2% based on material costs of 56.8% of revenue in FY25.

EBITDA Margin

EBITDA margin was 13.08% in FY24 (INR 81.21 Cr), showing a steady upward trend from 11.83% in FY23 and 10.16% in FY22.

Capital Expenditure

Planned investment of INR 167 Cr for a new seamless tube manufacturing facility. Historical PPE additions for FY25 were INR 27.27 Cr.

Credit Rating & Borrowing

CARE Ratings for Long-term and Short-term facilities were withdrawn in December 2025 as the company surrendered these facilities after repaying outstanding debt using IPO proceeds. The company used a 10% incremental borrowing rate for lease liabilities.

⚙️ Operational Drivers

Raw Materials

Steel is the primary raw material for forging and axle manufacturing. Raw material costs (Cost of Materials Consumed) represented 56.8% of total revenue in FY25 (INR 352.34 Cr).

Capacity Expansion

Currently operates 3 manufacturing plants in Jamshedpur. Planned expansion includes a seamless tube manufacturing facility (INR 167 Cr investment) and axle beam extrusion capabilities to enter the TAG axle product category.

Raw Material Costs

Raw material costs were INR 352.34 Cr in FY25, a 6.9% decrease from INR 378.68 Cr in FY24, improving the material cost-to-revenue ratio from 61.0% to 56.8%.

Manufacturing Efficiency

Management aims to improve profitability through constant cost optimization and increasing capacity utilization, though specific utilization percentages are not disclosed.

📈 Strategic Growth

Growth Strategy

Growth is targeted through the commissioning of the INR 167 Cr seamless tube plant, further backward integration via axle beam extrusion, and geographic expansion into Europe and the US markets by securing approvals from Tier 1 OEMs.

Products & Services

Axle shafts, coupling flanges, tractor parts, trailer axles, trailer components, and planned TAG axles.

Brand Portfolio

KROSS

New Products/Services

Seamless tubes and TAG axles are the primary new product focuses, intended to deepen backward integration and expand the product portfolio.

Market Expansion

Targeting Tier 1 OEMs in Europe and the US; final supplier approval for these regions is expected in Q3 FY26.

🌍 External Factors

Industry Trends

The auto component industry is shifting toward electrification and premium suspension/braking models. Kross is positioning itself through backward integration and new product facilities to remain competitive.

Competitive Landscape

Operates in the competitive auto-component and forging sector; key competitors are not specifically named.

Competitive Moat

Durable advantage through backward integration (forging to finishing) and strategic location in Jamshedpur (an automotive hub), which reduces logistics costs and lead times for major OEMs.

Macro Economic Sensitivity

High sensitivity to the Commercial Vehicle cycle and government fiscal policies, specifically GST rate changes which can shift consumer demand timing.

Consumer Behavior

Customers exhibit high sensitivity to tax policy rumors, as seen in the postponement of purchases in August and September 2025 due to anticipated GST cuts.

Geopolitical Risks

Expansion into US and European markets introduces exposure to international trade regulations and potential tariff barriers.

⚖️ Regulatory & Governance

Industry Regulations

Subject to automotive manufacturing standards and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Taxation Policy Impact

Effective tax rate was approximately 26.6% in FY25, with INR 17.83 Cr total tax expense on INR 67.39 Cr PBT.

Legal Contingencies

No material fraud or significant pending court cases were reported in the FY25 auditor's report.

⚠️ Risk Analysis

Key Uncertainties

Execution risk associated with the INR 167 Cr seamless tube facility and the inherent cyclicality of the domestic CV and tractor markets.

Geographic Concentration Risk

Manufacturing is 100% concentrated in Jamshedpur, Jharkhand, making the company sensitive to regional industrial policies or disruptions.

Technology Obsolescence Risk

Potential risk from the long-term industry shift toward Electric Vehicles (EVs), which may alter requirements for traditional drivetrain and axle components.