Integrated Filing — IndAS

General information about company
Scrip Code	532686
NSE Symbol	KERNEX
MSEI Symbol	NOTLISTED
ISIN	INE202H01019
Name of company	Kernex Microsystems (India) Limited
Type of company	Main Board
Class of security	Equity
Date of start of financial year	01-Apr-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	23-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	16-May-2025
Description of presentation currency	INR (in Actuals)
Reporting Type	Quarterly
Reporting Quarter	Fourth quarter
Nature of report standalone or consolidated	Consolidated
Whether results are audited or unaudited for the quarter ended	Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended	Audited
Segment Reporting	Single segment
Description of single segment	Safety Systems for Railways
Start date and time of board meeting	23-May-2025   09:00:00
End date and time of board meeting	23-May-2025   12:45:00
Whether cash flow statement is applicable on company	Yes
Type of cash flow statement	Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification	Declaration of unmodified opinion

Financial Results Ind-AS
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Consolidated	Consolidated
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1	Income
	Revenue from operations	830696000	1897739000
	Other income	6227000	14471000
	Total income	836923000	1912210000
2	Expenses
(a)	Cost of materials consumed	274873000	942486000
(b)	Purchases of stock-in-trade	0	0
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	199624000	43363000
(d)	Employee benefit expense	65238000	190531000
(e)	Finance costs	16124000	69194000
(f)	Depreciation, depletion and amortisation expense	9292000	28278000
(f)	Other Expenses
1	Project Execution Expenses	42118000	203684000
2	Other Expenses	96318000	150729000
3	Amount Transferred to Capital Expenditure	-18676000	-41116000
	Total other expenses	119760000	313297000
	Total expenses	684911000	1587149000
3	Total profit before exceptional items and tax	152012000	325061000
4	Exceptional items	0	0
5	Total profit before tax	152012000	325061000
6	Tax expense
7	Current tax	0	0
8	Deferred tax	-173292000	-175428000
9	Total tax expenses	-173292000	-175428000
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	325304000	500489000
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0	0
16	Total profit (loss) for period	325304000	500489000
17	Other comprehensive income net of taxes	-2010000	-1775000
18	Total Comprehensive Income for the period	323294000	498714000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent	325859000	502369000
	Total profit or loss, attributable to non-controlling interests	-555000	-555000
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent	323849000	500594000
	Total comprehensive income for the period attributable to owners of parent non-controlling interests	-555000	-1881000
21	Details of equity share capital
	Paid-up equity share capital	167594000	167594000
	Face value of equity share capital	10	10
27	Details of debt securities
22	Reserves excluding revaluation reserve		1411511000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	19.44	29.97
	Diluted earnings (loss) per share from continuing operations	19.4	29.94
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	0	0
	Diluted earnings (loss) per share from discontinued operations	0	0
ii	Earnings per equity share
	Basic earnings (loss) per share from continuing and discontinued operations	19.44	29.97
	Diluted earnings (loss) per share from continuing and discontinued operations	19.4	29.94
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results		1.The results have been prepared in accordance with Indian Accounting Standards ('IND AS') notified under Section 133 of the Companies Act 2013, read together with the Companies (Indian Accounting standard) Rules, 2015 (Amended). These have been reviewed and recommended by the Audit Committee and approved by the Board of Directors at its meeting held on May 23, 2025. n2.The Company is engaged in the manufacture and sale of Safety Systems and Software services for railways. The Company has business operations mainly in India, Egypt and USA. The Company is a public limited Company incorporated and domiciled in India and has its registered office at Plot No.38 (part) to 41, Survey No.1/1, Hardware Park, Raviryal Village, Maheswaram Mandal, Hyderabad - 501510. The Company has its primary listings on the BSE Limited and National Stock Exchange in India. The principal accounting policies applied in the preparation of the financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. The company operates on one reportable segement,hence segment reporting as per Ind AS 108 is not applicable. nas mentioned in notes

Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-Apr-2024
Date of end of reporting period		31-Mar-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Consolidated
	Assets
1	Non-current assets
	Property, plant and equipment	249863000
	Capital work-in-progress	0
	Investment property	0
	Goodwill	0
	Other intangible assets	28000
	Intangible assets under development	70296000
	Biological assets other than bearer plants	0
	Investments accounted for using equity method	0
	Non-current financial assets
	Non-current investments	0
	Trade receivables, non-current	0
	Loans, non-current	0
	Other non-current financial assets	22262000
	Total non-current financial assets	22262000
	Deferred tax assets (net)	176866000
	Other non-current assets	0
	Total non-current assets	519315000
2	Current assets
	Inventories	525837000
	Current financial asset
	Current investments	0
	Trade receivables, current	236492000
	Cash and cash equivalents	150212000
	Bank balance other than cash and cash equivalents	193059000
	Loans, current	0
	Other current financial assets	81614000
	Total current financial assets	661377000
	Current tax assets (net)	52166000
	Other current assets	605813000
	Total current assets	1845193000
3	Non-current assets classified as held for sale	0
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	2364508000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	167594000
	Other equity	1411511000
	Total equity attributable to owners of parent	1579105000
	Non controlling interest	-6006000
	Total equity	1573099000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	4778000
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises	0
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	0
	Total Trade payable	0
	Other non-current financial liabilities	0
	Total non-current financial liabilities	4778000
	Provisions, non-current	42303000
	Deferred tax liabilities (net)	0
	Deferred government grants, Non-current	0
	Other non-current liabilities	0
	Total non-current liabilities	47081000
	Current liabilities
	Current financial liabilities
	Borrowings, current	398449000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	5023000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	199976000
	Total Trade payable	204999000
	Other current financial liabilities	51030000
	Total current financial liabilities	654478000
	Other current liabilities	87837000
	Provisions, current	2013000
	Current tax liabilities (Net)
	Deferred government grants, Current
	Total current liabilities	744328000
3	Liabilities directly associated with assets in disposal group classified as held for sale
4	Regulatory deferral account credit balances and related deferred tax liability
	Total liabilities	791409000
	Total equity and liabilites	2364508000
	Disclosure of notes on assets and liabilities

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars		3 months/ 6 month ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period		01-Jan-2025	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
Whether accounts are audited or unaudited		Audited	Audited
Nature of report standalone or consolidated		Consolidated	Consolidated
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
	Total Segment Revenue
	Less: Inter segment revenue
	Revenue from operations
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
	Total Profit before tax
	i. Finance cost
	ii. Other Unallocable Expenditure net off Unallocable income
	Profit before tax
3	(Segment Asset - Segment Liabilities)
	Segment Asset
	Total Segment Asset
	Un-allocable Assets	null	null
	Net Segment Asset	null	null
4	Segment Liabilities
	Segment Liabilities
	Total Segment Liabilities
	Un-allocable Liabilities	null	null
	Net Segment Liabilities	null	null
	Disclosure of notes on segments

Other Comprehensive Income
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Consolidated	Consolidated
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
1	i.Remeasurement gains/(losses) of the defined benefit plans	-2810000	-2810000
2	ii.Income tax effect on the above	678000	678000
	Total Amount of items that will not be reclassified to profit and loss	-2132000	-2132000
2	Income tax relating to items that will not be reclassified to profit or loss	0	0
3	Amount of items that will be reclassified to profit and loss
1	B.Items that will be reclassified to Statement of Profit or loss	122000	357000
	Total Amount of items that will be reclassified to profit and loss	122000	357000
4	Income tax relating to items that will be reclassified to profit or loss	0	0
5	Total Other comprehensive income	-2010000	-1775000

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
C	Whether results are audited or unaudited			Audited
D	Nature of report standalone or consolidated			Consolidated
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			325061000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			0
	Adjustments for decrease (increase) in inventories			181113000
	Adjustments for decrease (increase) in trade receivables, current			-194551000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			-330391000
	Adjustments for decrease (increase) in other non-current assets			0
	Adjustments for other financial assets, non-current			0
	Adjustments for other financial assets, current			-75078000
	Adjustments for other bank balances			-39825000
	Adjustments for increase (decrease) in trade payables, current			42366000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			19739000
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			28278000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			-626000
	Adjustments for provisions, non-current			0
	Adjustments for other financial liabilities, current			49733000
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			1097000
	Adjustments for dividend income			0
	Adjustments for interest income			0
	Adjustments for share-based payments			12657000
	Adjustments for fair value losses (gains)			0
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			0
	Other adjustments to reconcile profit (loss)			0
	Other adjustments for non-cash items			56674000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			-248814000
	Net cash flows from (used in) operations			76247000
	Dividends received			0
	Interest paid			-69194000
	Interest received			0
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			16000
	Net cash flows from (used in) operating activities			145457000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses			0
	Cash flows used in obtaining control of subsidiaries or other businesses			0
	Other cash receipts from sales of equity or debt instruments of other entities			0
	Other cash payments to acquire equity or debt instruments of other entities			0
	Other cash receipts from sales of interests in joint ventures			0
	Other cash payments to acquire interests in joint ventures			0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships			0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships			0
	Proceeds from sales of property, plant and equipment			25000
	Purchase of property, plant and equipment			41312000
	Proceeds from sales of investment property			0
	Purchase of investment property			0
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			0
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			47157000
	Proceeds from sales of goodwill			0
	Purchase of goodwill			0
	Proceeds from biological assets other than bearer plants			0
	Purchase of biological assets other than bearer plants			0
	Proceeds from government grants			0
	Proceeds from sales of other long-term assets			0
	Purchase of other long-term assets			0
	Cash advances and loans made to other parties			0
	Cash receipts from repayment of advances and loans made to other parties			0
	Cash payments for future contracts, forward contracts, option contracts and swap contracts			0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts			0
	Dividends received			0
	Interest received			0
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) investing activities	-88444000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries			0
	Payments from changes in ownership interests in subsidiaries			0
	Proceeds from issuing shares			0
	Proceeds from issuing other equity instruments			0
	Payments to acquire or redeem entity's shares			0
	Payments of other equity instruments			0
	Proceeds from exercise of stock options			0
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			121781000
	Repayments of borrowings			-1529000
	Payments of lease liabilities			0
	Dividends paid			0
	Interest paid			69194000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) financing activities			54116000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			111129000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			0
	Net increase (decrease) in cash and cash equivalents			111129000
	Cash and cash equivalents cash flow statement at beginning of period			39083000
	Cash and cash equivalents cash flow statement at end of period			150212000