Kranti hits ₹100 cr revenue for the first time. Defense will take longer.
The nano-cap engineer returned to profit in FY26 after crossing a revenue milestone. Its new Jaipur plant is guided to add ₹12-14 cr this year.
— 2 earlier stories on Kranti Industries Ltd. →What's new
- Kranti crossed ₹100 cr in annual revenue for the first time in FY26.
- Consolidated net profit was ₹1.56 cr, a recovery from a prior-year loss.
- New Jaipur facility is guided to contribute ₹12-14 cr in revenue this fiscal year.
Why this matters
Crossing ₹100 cr is a psychological win for a company with a ₹75 cr market cap. The return to profit validates improved capacity utilization. But the lengthy PSU tendering process means the defense segment, a key growth bet, won't deliver scale for another four to six quarters.
What we're watching
- The Jaipur plant hitting the ₹12-14 cr revenue guidance this year.
- Any concrete defense orders emerging from the PSU tendering pipeline.
- Progress toward the 18-20% EBITDA margin target for FY28.
The full read
Kranti Industries crossed ₹100 crore in annual revenue for the first time in FY26. The ₹75 crore market-cap firm also posted a consolidated net profit of ₹1.56 crore, swinging from a loss. Improved capacity utilization and a push into defense and EV sectors drove the turnaround. The earnings call offered two key forward numbers. The newly commissioned Jaipur facility is expected to contribute ₹12-14 crore this fiscal year, a figure the analyst rationale flagged as softer than anticipated. More telling, management acknowledged that the defense segment is not scaling fast. PSU tendering cycles will delay meaningful revenue there by another four to six quarters. The company is also guiding for an 18-20% EBITDA margin by FY28. The milestone is clear. The timeline is not.
Questions answered
- What was the significance of Kranti's FY26 results?
- It was the first time the company crossed ₹100 crore in annual revenue and it swung to a net profit of ₹1.56 crore from a loss the prior year. The results were driven by better capacity utilization and an entry into defense and EV supply chains.
- How much will the new Jaipur facility contribute this year?
- Management guided for ₹12-14 crore in revenue from the Jaipur plant in the current fiscal year. The analyst rationale notes this figure was below market expectations.
- Why is the defense segment ramp-up taking so long?
- Defense manufacturing involves lengthy tendering processes with public sector units. Management said gaining meaningful scale in the segment would likely require another four to six quarters.
- What are Kranti's medium-term margin expectations?
- The company is targeting an EBITDA margin of 18-20% by FY28. This goal was mentioned in the analyst rationale as part of the long-term outlook shared during the call.
Story so far
All notes on KRANTI →- 4 Jun 2026 · 3:39 PM IST Kranti hits ₹100 cr revenue for the first time. Defense will take longer.
- 2d ago Kranti cuts Jaipur plant guidance by 40%, walks back defense target
- 6d ago Kranti Industries posts ₹1.56 cr profit, swinging from a loss