Q3 2026 Kross Ltd Earnings Call Transcript
Key Points
- Kross Ltd (NSE:KROSS) is expanding its axle beam extrusion plant, which will increase production capacity from 5,000 to 7,500 units per month, enhancing operations and opening new growth opportunities.
- The company is entering the seamless tube manufacturing segment with a new facility, aiming for greater backward integration and reduced reliance on external vendors.
- Despite industry challenges, Kross Ltd (NSE:KROSS) outpaced broader industry performance, with a strong position in the value chain for high-performance commercial vehicles.
- Export sales have increased, contributing 3.4% to the nine-month FY25 revenue, with plans to grow this to 5% by the end of the year.
- The company anticipates a 15-20% growth in FY26, driven by new product developments and increased export activities.
- Kross Ltd (NSE:KROSS) experienced a decline in EBITDA margin, dropping from 14% in Q3 FY24 to 13.1% in Q3 FY25.
- Revenue growth was flat, with Q3 FY25 revenue at INR150.1 crores compared to INR148.6 crores in Q3 FY24.
- The trailer axle and suspension business saw a slight decline in revenue, from INR63 crores in Q2 to INR59.8 crores in Q3 FY25.
- Staff costs increased significantly, impacting margins, due to one-time settlements and wage revisions.
- The company faces competitive pressures in the trailer axle market, with new entrants potentially affecting market share.
Ladies and gentlemen, good day and welcome to the Kross Limited Q3 FY25 earnings conference call. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Mihir Vora from Equirus Securities. Thank you and over to you, sir.
Hi, good morning, everyone. On behalf of Equirus Securities, I welcome you all to the Q3 FY25 post-results conference call of Kross Limited. From the management side, we have Mr. Sudhir Rai, Chairman and Managing Director; Sumeet Rai, Whole Time Director; and Mr. Kunal Rai, Whole Time Director and CFO. So without further ado, I now hand over the floor to Sudhir, sir, for his opening remarks. Over to you, sir.
Yeah, thank you. Good morning, everyone, and thank you for joining us today for our Q3 and nine months FY25 earnings call. Along with me I have Mr. Sumeet Rai, Whole Time Director; Mr. Kunal Rai, Whole Time Director
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