How much of the profit was driven by the land transfer?

The land transfer generated an exceptional gain of **₹3.49 crore**, which was a primary driver of the bottom-line growth.

What was the impact of the new labor codes?

The company recorded a one-time exceptional expense of **₹74.95 lakhs** related to the implementation of new national labor codes.

What is the dividend payout?

The board recommended a final dividend of **₹3.00** per equity share, representing a **30%** payout on face value.

How did core revenue perform?

Revenue from operations grew by **7.8%** to reach **₹89.30 crore** for the fiscal year.

Earnings · Forgings · Micro cap

Krishanveer Forge profit doubles on land sale

The company reported a net profit of ₹11.38 crore for FY26, aided by a one-time land transfer gain of ₹3.49 crore.

— 1 earlier story on Krishanveer Forge Ltd. →

KVFORGE 27 May 2026 · 6:31 PM IST Verify on BSE · NSE

Mkt cap₹142 cr

P/E20.03×

ROE13.29%

Div yld2.01%

₹11.38 cr Annual net profit for FY26, up from ₹5.64 crore.

What's new

Net profit doubled to ₹11.38 crore for the year ending March 31, 2026.
Revenue grew 7.8% to ₹89.30 crore.
Board recommended a final dividend of ₹3.00 per share.

Why this matters

The profit surge stems from non-core asset monetization rather than core operational expansion. The dividend payout shows the company has cash on hand after the land sale.

What we're watching

Sustainability of core margins without one-time gains.
Impact of new national labor codes on future operating expenses.
Shareholder reception to the ₹3.00 dividend.

The full read

Krishanveer Forge ended FY26 with a net profit of ₹11.38 crore, doubling the ₹5.64 crore recorded in the previous year. This performance relied on a ₹3.49 crore gain from a land transfer. That is a non-recurring event. Core operations showed modest progress, with revenue rising 7.8% to ₹89.30 crore.

The company also paid a one-time ₹74.95 lakh expense tied to the implementation of new national labor codes. With the land sale complete, the board recommended a ₹3.00 per share dividend. For a company with a market capitalization of roughly ₹136 crore, the ability to monetize assets while maintaining a dividend is a clear statement of intent. The next test is whether the core business can sustain this momentum without the help of one-time gains.

Questions answered

How much of the profit was driven by the land transfer?: The land transfer generated an exceptional gain of ₹3.49 crore, which was a primary driver of the bottom-line growth.
What was the impact of the new labor codes?: The company recorded a one-time exceptional expense of ₹74.95 lakhs related to the implementation of new national labor codes.
What is the dividend payout?: The board recommended a final dividend of ₹3.00 per equity share, representing a 30% payout on face value.
How did core revenue perform?: Revenue from operations grew by 7.8% to reach ₹89.30 crore for the fiscal year.

Mentioned: Krishanveer Forge Ltd.

Primary source BSE · NSE

An independent reading of the company's own disclosure — the primary filing above is the final word.

Story so far

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27 May 2026 · 6:31 PM IST Krishanveer Forge profit doubles on land sale
today Krishanveer Forge profit doubles on land sale gain