INTEGRATED FILING — Other than Banks



General information about company

Scrip code 000000
NSE Symbol KRISHNADEF
MSEI Symbol NOTLISTED
ISIN INE0J5601015
Name of Company Krishna Defence and Allied Industries Limited
Type of company SME
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 20-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 14-May-2025
Description of presentation currency INR (in Actuals)
Reporting Type Half Yearly
Reporting Quarter Yearly
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 Multi segment
Description of single segment
Start date and time of board meeting 20-May-2025   15:00:00
End date and time of board meeting 20-May-2025   18:30:00
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 — Other than Bank
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-Oct-2024 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 Revenue From Operations
Revenue from operations 1008239000 1948661000
Other income 11539000 28781000
Total Income 1019778000 1977442000
2 Expenses
(a) Cost of materials consumed 574864000 1144163000
(b) Purchases of stock-in-trade 2607000 37120000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade -136638000 -201993000
(d) Employee benefit expense 94422000 170568000
(e) Finance costs 4435000 8726000
(f) Depreciation and amortisation expense 14907000 26607000
(g) Other Expenses
1 Job Work & Labour Changes 167366000 232918000
2 Other expenses 143889000 262760000
Total other expenses 311255000 495678000
Total expenses 865852000 1680869000
3 Profit before exceptional and extraordinary items and tax 153926000 296573000
4 Exceptional items 0 0
5 Profit before extraordinary items and tax 153926000 296573000
6 Extraordinary items 0 0
7 Profit before tax 153926000 296573000
8 Tax Expense
Current tax 40476000 77892000
Deferred tax 206000 -570000
Total tax expenses 40682000 77322000
9 Net Profit Loss for the period from continuing operations 113244000 219251000
10 Profit (loss) from discontinuing operations before tax 0 0
11 Tax expense of discontinuing operations 0 0
12 Net profit (loss) from discontinuing operation after tax 0 0
13 Profit (loss) for period before minority interest 113244000 219251000
14 Share of profit (loss) of associates 871000 2349000
15 Profit (loss) of minority interest 0 0
16 Net profit (Loss) for the period 114115000 221600000
17 Details of equity share capital
Paid-up equity share capital 140590000 140590000
Face value of equity share capital 10 10
18 Reserves excluding revaluation reserve 1108744000
19 Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 8.12 15.82
Diluted earnings (loss) per share from continuing and discontinued operations 7.86 15.33
20 Debt equity ratio 8.0E-4 8.0E-4
21 Debt service coverage ratio 0.5395 0.1751
22 Interest service coverage ratio 0.5395 0.4497
23 Disclosure of notes on financial results Textual Information(1)


Text Block
Textual Information(1) 1. The above consolidated results for year ended 31st March, 2025 have been audited and recommended by Audit Committee and approved by the Board of Directors at their meeting held on 20th May, 2025 2. The figures for the corresponding previous periods have been regrouped/ reclassified wherever considered necessary to confirm to the figures represented in the current period. 3. The activities of the Company relate to two segments i.e. (1) Dairy & Kitchen equipment & (2) Defence Product (Refer Annexure 1) 4. The company has acquired additional 2,500 equity shares at a price of Rs. 19,000 each of Waveoptix Defence Solutions Private Limited ( WDSPL ) on account of conversion of loan given amounting to Rs. 475.00 Lakhs as on 25th March, 2025. On such acquition , the company has Investment of 40% equity share capital of WDSPL. 5. Out of the 12,14,000 equity share warrants, during the year the company has converted 3,54,000 No. of equity share warrants into the 3,54,000 Equity shares. The remaining 8,60,000 No. of Equity share warrants shall be converted to the Equity shares on receipt of the Balance amount towards Share Warrants. 6. The company has obtained approval for the Krishna Defence and Allied Industries Limited Stock Option Scheme 1 ( ESOP 1 ) for 3,00,000 stock options from the Board of Directors through a resolution passed in the Board Meeting held on 5th July 2024. Subsequently, the ESOP 1 scheme was further approved by a special resolution passed in the Annual General Meeting held on 13th August 2024. Additionally, the scheme received in-principle approval from the National Stock Exchange (NSE) as on 17th October 2024. Further, the company granted 63,356 Stock Option to its employees by virtue of grant letter dated 11th, November, 2024. However, employees have accepted the 58,764 stock option at the vesting conditions which are outlined in their grant letter. Necessary impact have been considered. Further, the company has not yet granted the 2,36,644 Stock Option to its employees. The options are exercisable at an exercise price of Rs. 304 per share (Face Value of Rs.10 per share). Total expenses arising from share-based payment transactions recognized in profit or loss as part of employee benefit expense is Rs. 60.41 lakhs. 7. Pursuant to Section 52 of the Companies Act , 2013 , Securities Premium account has been utilized against share issue expenses related to Issue management fees, professional fee and other expenses incurred amounting to Rs. 75.00 Lakhs related to the preferential issue of equity shares during the year. 8. The Board of Directors have recommended and paid Interim Dividend of Rs. 0.5 per Equity Share( i.e. 5% ) for the half year ended on 30th September 2024. 9. In respect of the year ended 31st March 2025, the Board of Directors has proposed a final dividend of Rs. 0.5 per share(i.e 5 %) be paid on fully paid equity shares. 10. The company had received proceeds of Rs. 4,943.12 Lakhs from the preferential issue made as on 01st February, 2024. In the current year, the company had utilized the above amount for meeting its working capital requirement and for Capital Expenditure requirement as per the objects mentioned in the Extra ordinary General Meeting Notice dated on 13th December, 2023. Further, the company had received Rs. 371.70 Lakhs as on 25th May, 2024 from the promoter group constituting total 3,54,000 securities towards the balance consideration and the same has been utilised for meeting its working capital requirement and for Capital Expenditure requirement as per the objects mentioned in the Extra ordinary General Meeting Notice dated on January 03, 2023. The proceeds of the issue were fully utilized and hence there are no fund which are unutilized as on March 31, 2025 out of the fund received on 25th May, 2024. 11. The consolidated results includes results of one associate company 12. The statement of consolidated financial results includes the result for the half year ended March 31, 2025, being the balancing figures between the audited figures in respect of full financial year ended March 31,2025 and published unaudited year to date figures up to the half year of the current financial year, which were subjected to a limited review, as required under the listings regulations


Remarks
20 Debt equity ratio
21 Debt service coverage ratio
22 Interest service coverage ratio


Cash flow statement — indirect
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
1 Statement of cash flows
Cash flows from used in operating activities
Profit before extraordinary items and tax 296573000
2 Adjustments for reconcile profit (loss)
Adjustments to profit (loss)
Adjustments for finance costs 7428000
Adjustments for depreciation and amortisation expense 26607000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for unrealised foreign exchange losses gains 0
Adjustments for dividend income 0
Adjustments for share-based payments 6041000
Other adjustments for which cash effects are investing or financing cash flow -24255000
Other adjustments to reconcile profit (loss) 1125000
Other adjustments for non-cash items 3175000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments to profit (loss) 20121000
3 Adjustments for working capital
Adjustments for decrease (increase) in inventories -399383000
Adjustments for decrease (increase) in trade receivables 67388000
Adjustments for decrease (increase) in other current assets -66232000
Adjustments for increase (decrease) in trade payables -51712000
Adjustments for increase (decrease) in other current liabilities 94760000
Adjustments for provisions 2366000
Total adjustments for working capital -352813000
Total adjustments for reconcile profit (loss) -332692000
Net cash flows from (used in) operations -36119000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 77612000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities before extraordinary items -113731000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) operating activities -113731000
4 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 47500000
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 4992000
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 1349000
Purchase of property plant and equipment 125423000
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 21560000
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 23933000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 181494000
Proceeds from government grants 0
Net cash flows from (used in) investing activities before extraordinary items 50421000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) investing activities 50421000
Cash flows from used in financing activities
Proceeds from issuing shares 29670000
Proceeds from issuing other equity instruments 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 11848000
Repayments of borrowings 11648000
Dividends paid 7025000
Interest paid 7161000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities before extraordinary items 15684000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) financing activities 15684000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -47626000
6 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 -47626000
Cash and cash equivalents cash flow statement at beginning of period 50968000
Cash and cash equivalents cash flow statement at end of period 3342000


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
Equity and liabilities
1 Shareholders' funds
Share capital 140590000
Reserves and surplus 1108745000
Money received against share warrants 65360000
Total shareholders' funds 1314695000
2 Share application money pending allotment 0
3 Deferred government grants 0
4 Minority interest 0
5 Non-current liabilities
Long-term borrowings 0
Deferred tax liabilities (net) 0
Foreign currency monetary item translation difference liability account 0
Other long-term liabilities 0
Long-term provisions 3868000
Total non-current liabilities 3868000
6 Current liabilities
Short-term borrowings 94497000
Trade Payables
(A) Total outstanding dues of micro enterprises and small enterprises 29057000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 51173000
Total Trade payable 80230000
Other current liabilities 120143000
Short-term provisions 18629000
Total current liabilities 313499000
Total equity and liabilities 1632062000
Assets
1 Non-current assets
i Property, Plant and Equipment and Intangible assets
Property, Plant and Equipment 219681000
Producing properties 0
Intangible assets 0
Preproducing properties 0
Property, Plant and Equipment capital work-in-progress 16474000
Intangible assets under development or work-in-progress 0
Total Property, Plant and Equipment and Intangible assets 236155000
ii Non-current investments 55111000
v Deferred tax assets (net) 682000
vi Foreign currency monetary item translation difference asset account
vii Long-term loans and advances 12211000
viii Other non-current assets 56975000
Total non-current assets 361134000
Current assets
Current investments 0
Inventories 724207000
Trade receivables 189405000
Cash and cash equivalents 3342000
Bank balance other than cash and cash equivalents 223537000
Short-term loans and advances 126963000
Other current assets 3474000
Total current assets 1270928000
Total assets 1632062000
Disclosure of notes on assets and liabilities


Format for Reporting Segment 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-Oct-2024 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether results 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)
1 Dairy & Kitchen equipment's segment 37255000 90336000
2 Defence Products 970984000 1858325000
Total Segment Revenue 1008239000 1948661000
Less: Inter segment revenue 0 0
Revenue from operations 1008239000 1948661000
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Dairy & Kitchen equipment's segment 2364000 4627000
2 Defence Products 191147000 359204000
Total Profit before tax 193511000 363831000
i. Finance cost 0 0
ii. Other Unallocable Expenditure net off Unallocable income 38714000 64909000
Profit before tax 154797000 298922000
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Dairy & Kitchen equipment's segment 87161000 87161000
2 Defence Products 1211679000 1211679000
Total Segment Asset 1298840000 1298840000
Un-allocable Assets 333222000 333222000
Net Segment Asset 1632062000 1632062000
4 Segment Liabilities
Segment Liabilities
1 Dairy & Kitchen equipment's segment 15690000 15690000
2 Defence Products 190025000 190025000
Total Segment Liabilities 205715000 205715000
Un-allocable Liabilities 111652000 111652000
Net Segment Liabilities 317367000 317367000
Disclosure of notes on segments




Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 CNK & Associates LLP Yes 31-Jul-2027


Financial details
Sr. Particulars Audited Figures (as reported before adjusting for qualifications) Adjusted Figures (audited figures after adjusting for qualifications)
1 Turnover / Total income
2 Total Expenditure
3 Net Profit/(Loss)
4 Earnings Per Share
5 Total Assets
6 Total Liabilities
7 Net Worth


Signatories details

Name of CEO / Managing director
Name of CFO
Name of audit committee chairman
Name of statutory auditor
Name of other signatory, if any, with designation
Place
Date