Kernex Microsystems (India) Limited strategy deck summary

Strategy deck of 4 Sep 2026, summarised by AI from the filing.

Execution base guided at ₹2,105 cr in FY27, ₹2,200 cr in FY28 and ₹2,422 cr in FY29, totalling ₹6,727 cr.

Key takeaways

1. Guidance Execution base guided at ₹2,105 cr in FY27, ₹2,200 cr in FY28 and ₹2,422 cr in FY29, totalling ₹6,727 cr.
2. Change Sanctioned limits rose from ₹19 cr in FY23 to ₹490 cr in FY27, with ₹165 cr under sanction and enhancement.
3. Driver Kavach market opportunity: 41,000 KM new EPC order pipeline across FY27-29 and 81,000 RKM addressable network.
4. Risk Execution base projections assume each year's award is executed evenly over the two subsequent financial years; 20% share is indicative.

Original filing on BSE

Kernex Microsystems (India) Limited Q1 FY27 results

As filed: Revenue ₹504 cr (+300% year on year), EBITDA ₹163 cr (+300% year on year), PAT ₹110 cr (+300% year on year), EBITDA margin 32.3% (+733 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

• Q4 FY26: Revenue ₹255 cr (+207% year on year), EBITDA ₹105 cr (+300% year on year), PAT ₹68.3 cr (+107% year on year), EBITDA margin 41.3% (+1,000 bps). Score 92 of 100, Above trend. Revenue growth was in line with the company's own trend. EBITDA margin rose 1000 bps year on year. Revenue grew on the previous quarter, against its usual seasonal pattern. Revenue rose ₹172 cr on a year ago, more than the ₹74.0 cr it added the year before. Share price after the results: +37.0% in 27 days (Nifty 500: +0.6%).
• Q3 FY26: Revenue ₹72.6 cr (+96% year on year), EBITDA ₹16.8 cr (+87% year on year), PAT ₹6.1 cr (−13% year on year), EBITDA margin 23.1% (−120 bps). Score 39 of 100, Below trend. Revenue growth was well below the company's own trend. EBITDA margin fell 120 bps year on year. Tax rate 3%. Profit fell 13% from last quarter. Revenue rose ₹35.6 cr on a year ago, more than the ₹29.0 cr it added the year before. Share price after the results: −20.5% in 29 days (Nifty 500: −10.1%).
• Q2 FY26: Revenue ₹47.0 cr (+15% year on year), EBITDA ₹15.0 cr (+36% year on year), PAT ₹7.0 cr (0% year on year), EBITDA margin 31.9% (+509 bps). Score 10 of 100, Below trend. Revenue growth was well below the company's own trend. EBITDA margin rose 509 bps year on year. Consolidated profit +0% but standalone -57%. Revenue fell 16% from last quarter. Revenue rose ₹6.0 cr on a year ago, against ₹40.0 cr the year before. Share price after the results: −22.0% in 29 days (Nifty 500: −0.4%).
• Q1 FY26: Revenue ₹56.0 cr (+93% year on year), EBITDA ₹14.0 cr (+180% year on year), PAT ₹7.0 cr (+75% year on year), EBITDA margin 25.0% (+776 bps). Score 48 of 100, In line with trend. Revenue growth was well below the company's own trend. EBITDA margin rose 776 bps year on year. Revenue fell 33% from last quarter. Revenue rose ₹27.0 cr on a year ago, against ₹28.0 cr the year before. Share price after the results: −3.7% in 29 days (Nifty 500: +2.2%).
• Q4 FY25: Revenue ₹83.0 cr (+300% year on year), EBITDA ₹17.0 cr, PAT ₹33.0 cr, EBITDA margin 20.5%. Score 94 of 100, Above trend. Revenue growth was in line with the company's own trend. Tax rate -113%. Revenue grew on the previous quarter, against its usual seasonal pattern. Revenue rose ₹74.0 cr on a year ago, more than the ₹8.0 cr it added the year before. Share price after the results: +32.6% in 28 days (Nifty 500: +2.0%).
• Q3 FY25: Revenue ₹37.0 cr (+300% year on year), EBITDA ₹9.0 cr, PAT ₹7.0 cr, EBITDA margin 24.3% (+1,000 bps). Score 84 of 100, Above trend. Revenue growth was in line with the company's own trend. EBITDA margin rose 1000 bps year on year. Tax rate 0%. Revenue fell 10% from last quarter. Revenue rose ₹29.0 cr on a year ago, more than the ₹6.0 cr it added the year before.
• Q2 FY25: Revenue ₹41.0 cr (+300% year on year), EBITDA ₹11.0 cr, PAT ₹7.0 cr, EBITDA margin 26.8%. Score 96 of 100, Above trend. Tax rate 0%. Not enough history for a trend yet: scored on growth alone.

Past price moves after results do not indicate future moves. Not a recommendation.

Kernex Microsystems (India) Limited earnings call, investor presentation and press release summaries

• Other events: Strategy deck (4 Sep 2026)