Krishna Defence and Allied Industries Ltd shared its financial results for the quarter and the full year that ended on March 31, 2025. This year turned out to be the strongest for the company so far. They earned the most money ever in a half year and full year. Revenue, EBITDA, and Net Profit all reached their highest points.
The company grew well this year with revenue going up by around 83%, EBITDA rising about 96%, and PAT increasing nearly 124%.
They made some big moves to increase how much they can build. The factory at Halol now has more capacity, and the extra setup will start working from April 2025. Their business of making steel sections for shipbuilding is growing fast.
Adani Defence Partners with Sparton for Underwater Defence Tech for Indian Navy
Krishna Defence said they have a strong order book. By the end of March 2025, the company still had work worth Rs 269 crore left to deliver. This means they have future work equal to 1.3 times their total revenue for FY25. Over the whole year, they got new orders worth about Rs 273 crore and completed jobs worth Rs 195 crore.
Key Financial Performance highlights (Standalone)
Particulars (Rs. Million)
H2FY25
H2FY24
YoY%
FY25
FY24
YoY%
Revenue
1008.2
712.0
41.6 %
1948.7
1064.3
83.1 %
EBITDA
161.7
107.4
50.6 %
303.1
154.4
96.3 %
PBT
153.9
97.1
58.5 %
296.6
131.8
125.1 %
PAT
113.2
71.6
58.2 %
219.2
97.9
123.9 %
Diluted EPS (Rs)
7.80
5.63
38.5 %
15.27
7.85
93.2 %
EBITDA Margin (%)
16.0 %
15.1 %
+96 bps
15.6 %
14.5 %
+105 bps
PAT Margin (%)
11.2 %
10.1 %
+117 bps
11.2 %
9.2 %
+205 bps
Growth during the year
Krishna Defence has started new partnerships and investments to grow more. They are setting up a new joint venture with VABO Composite from the Netherlands. This new company will make special doors, hatches, and superstructures for Indian Navy ships using composite material. The JV is still being formed, but once it is ready, they will start building a high-tech factory in India. Krishna Defence will own 51% of this new company. Both companies are putting in money to get the work started. This joint venture is not only for India – it also wants to sell products to Southeast Asia, Europe, and the Middle East.
Right now the new product – Composite Doors and Hatches is in the final stage of testing with the Indian Navy.
The company also bought a 20% stake in Conceptia Software Technologies Pvt. Ltd. This company has been around for more than 20 years and works in design and engineering in shipbuilding, marine, and the oil & gas field. Conceptia has clients across India, the Asia Pacific, and the Middle East.
Chennai’s Zuppa Gets Rs 5 Cr Funding to Boost Indian-Made Defence Drones
They also increased their share in Waveoptix Defence Solutions Pvt. Ltd. from 25% to 40%. Waveoptix works in radio frequency, microwave, and optical systems for defence and aerospace. They focus on sending signals securely over long distances using a technology called RF Over Fiber. Just six months after starting, Waveoptix created and delivered India’s first indigenously made Bidirectional RF Over Fiber module. This new product was developed for radio communications and is already used by Indian Defence.
Way Forward
The company is aiming for a growth rate of 30% to 40% every year over the next 3 to 5 years. They plan to do this by making new products for defence and replacing the things that India currently buys from other countries. They also want to work with defence research agencies and international partners to make more products in India itself.
The upcoming joint venture with VABO will also have a new factory in FY26 that will focus on making more composite doors and hatches. This will help them meet the increasing demand from the Indian Navy and even export to other countries.
Krishna Defence is also planning to invest in a company that will focus only on defence electronics. This new company will design, build and develop electronics needed for the defence and aerospace industries.
This year, the Board has approved a dividend of Rs 0.50 per share. This is 5% of the face value of each share, and it will be final once shareholders approve it in the annual meeting.
The company has also started the process of moving from the NSE SME Emerge platform to the main boards of NSE and BSE. After getting approval, they will begin sharing their results every quarter instead of yearly.
Mr. Ankur Shah, the Managing Director of Krishna Defence & Allied Industries Ltd, said, “FY2024-25 has been a redefining year for us. We recorded our best ever Revenue, EBITDA and Net Profit for the half year period as well as year and our best ever EBITDA, PBT and PAT margins for a half year period or for a full year. Our strong order inflow of Rs 273 crore during the year was also backed by strong execution of orders to the tune of Rs 195 crore, even as our capacity expansion for the ship building steel sections business came into play in the last quartile of FY25. During the year, we have taken significant steps in building up on our existing JVs as well as entering into new JVs, all of which are focused on making us a larger company with strong areas of business across the defence sector in India as well as international (for certain products) markets. We have also initiated the process of migrating to the main board of both the exchanges from the NSE-Emerge (SME) exchange. Overall, in line with our guidance, we are confident of achieving growth of 30-40% CAGR over the next 3-5 years” reports The week.
BEL Jumps 2% to New High After Strong Q4 Results and ₹572 Crore Defence Orders
About Krishna Defence & Allied Industries Limited
Krishna Defence is a fast-growing company that makes important parts for the Indian Navy. They also make special products for the Indian Army. The company follows the national goal of making defence products in India and reducing imports.
The company was started by the late Mr. Ashwin N. Shah in 1997. He began with a small setup in Kalol, Gujarat, to make dairy equipment. Over the years, the company grew and now has modern factories in Halol and Kalol. These factories make both dairy and defence products.
Today, almost 94% of the company’s income comes from the defence sector. They make shipbuilding steel sections, welding wire, welding electrodes, ballast bricks, armour steel, and heating devices. They are also working on new technologies and products with the help of their partners and joint ventures.
Krishna Defence is certified under ISO 9001:2015. Their factories can make complex parts that need precision. They do several checks during production to ensure high quality.
