Technology

Krishna Defence & Allied Industries Limited Reports H2 & FY25 Performance Highlights

Published

1 year ago

May 21, 2025

Highest ever Revenue, EBITDA, Net Profit and Margins for Half Year and Full Year
FY25 Revenue, EBITDA and PAT grow ~ 83%, 96% and 124% respectively

MUMBAI, India, May 21, 2025 /PRNewswire/ — Krishna Defence and Allied Industries Ltd (Bloomberg: KRISHNDF IN) (NSE: KRISHNADEF) has announced its financial results for the fourth quarter and year ended 31st March 2025.

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

Key Business highlights for FY25

Capacity Expansion at Halol Facility

Increased manufacturing capacity for shipbuilding steel sections, with the additional capacity becoming operational in April 2025.

Order Book Status

As of March 31, 2025, the unexecuted order book stands at INR 269 crore, representing 1.3x of FY25 revenue. During the year the company received order inflows to the tune of approximately Rs 273 crore, while it executed orders worth approximately Rs 195 crore.

NEW JVs / ACQUISITIONS for growth, done during the year

New Joint Venture with VABO Composite (Netherlands), now in the company formation stage, to manufacture composite doors, hatches, and superstructures for the Indian Navy. The joint venture also opens opportunities for export to South East Asia, the Middle East, and Europe.

Krishna Defence will hold 51% share in the JV. Both JV partners will make initial investments to establish a state-of-the-art manufacturing setup in India.

The JV will be looking to target markets in South East Asia, the Middle East and Europe.

The key product ‘Composite Doors & Hatches’ is in the last phase of trial with the Indian Navy.

Strategic Stake Acquired in Conceptia Software Technologies: Acquired a 20% stake in Conceptia Software Technologies Pvt. Ltd., a leading design and engineering partner in marine, shipbuilding, and oil & gas industries across India, the Middle East, and Asia Pacific, with over 20 years of expertise

Increased Shareholding in Waveoptix: Raised stake in Waveoptix Defence Solutions Pvt. Ltd. from 25% to 40%. Waveoptix is in the design, development and manufacturing of RF, Microwave, Optics Systems solution for Defence and Aerospace, with special focus on Optic Fibre over Radio Frequency for long distance and secure signal transmission. Within just 6 months of establishment, the company has successfully developed and supplied their FIRST Indigenously Developed Bidirectional RF Over Fiber module for Radio Communications to the Indian Defence, fulfilling a crucial need.

Way Forward

We are aiming to grow at 30-40% CAGR for the next 3 – 5 years.

Key drivers for future growth:

Development of New Defence Products

The company is working towards new product development for the defence to indigenise the products which are currently being imported, Off set contract obligation and to collaborate with Defence Research Agencies / Foreign agencies to develop and manufacture the products.

New Facility for Composite Doors & Hatches

Establishing a new manufacturing facility in collaboration with VABO, planned for FY26, to strengthen production capabilities and meet growing demand in the defence sector.

Defence Electronics

Krishna Defence & Allied Industries Limited is currently in the process of evaluating investing in a company specifically incorporated for designing, developing and manufacturing defence electronics for the Defence & Aerospace industry.

Dividend

The Board of Directors have approved a Dividend of Rs 0.50 per share (5% of FV of Rs 10) for the year subject to shareholder approval at the Annual General Meeting.

Migration to main board of the exchanges

The company is eligible for migration from the NSE-SME Emerge (SME) exchange to the main board of both the major exchanges of NSE and BSE. We have initiated the process for the same and are expecting the approval for migration to the main board post which we will look forward to declaring quarterly results.

Commenting on the performance, Mr. Ankur Shah, Managing Director, 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.”

About Krishna Defence & Allied Industries Limited

Krishna Defence and Allied Industries Limited is a rapidly advancing defence company, providing critical components to the Indian Navy for its warships and developing special products for the Indian Army, in line with the national goal of achieving indigenous defence products manufacturing capabilities and self sustainability in the years to come.

With the engineering skills, Late Mr. Ashwin N. Shah, the founder and an inspirational leader, started an engineering company to manufacture Dairy Equipment in 1997 with a small investment and small team at Kalol, Gujarat.

Today, the company has established state-of-the-art manufacturing facilities at Halol and Kalol in Gujarat to manufacture defence products and dairy equipments.

Accredited with ISO 9001:2015 Quality Management System as Manufacturer & Exporter, Our manufacturing capability includes a wide range of critical assemblies and precision components with close tolerances made possible through in-depth know how on metallurgy, precision machining, assembly, specialized fabrication facilities with a series of multi-level inspections during the production process.

Today, 94% of our revenue is derived from the Defence Sector with several products in the portfolio, including Ship building steel section, Special steel alloy welding wire & welding electrodes, special steel alloy ballast bricks, armoured steel profile and improved space heating devices. Several new technologies and products are under development or at trial stage through our new JVs/subsidiaries/associate companies.

For further information, please contact

Krishna Defence & Allied Industries Ltd KAPTIFY Consulting

Mrs Gunjan Bhagtani, Company Secretary Investor Relations | Strategy | Consulting

Tel: +91 22 4220 3800 E: contact@kaptify.in | M: +91-8452886099

E: info@krishnaallied.com

www.krishnaallied.com

Disclaimer

This document may contain certain forward-looking statements within the meaning of applicable securities law and regulations. These statements include descriptions regarding the intent, belief or current expectations of the Company or its directors and officers with respect to the results of operations and financial condition of the Company. Such forward–looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ from those in such forward–looking statements as a result of various factors and assumptions which the Company believes to be reasonable in light of its operating experience in recent years. Many factors could cause the actual results, performances, or achievements of the Company to be materially different from any future results, performances, or achievements. Significant factors that could make a difference to the Company’s operations include domestic and international economic conditions, changes in government regulations, tax regime and other statutes. The Company does not undertake to revise any forward–looking statement that may be made from time to time by or on behalf of the Company.

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Technology

Monnit Introduces NIST Detachable Leads to Streamline Compliance Monitoring

Published

37 minutes ago

June 18, 2026

New hot-swappable lead architecture reduces downtime, simplifies recertification, and helps organizations maintain continuous monitoring.

SALT LAKE CITY, June 18, 2026 /PRNewswire/ — Monnit announced new NIST Standard and Low Temperature and Humidity Detachable Leads for compatible ALTA® Sensor Bases designed to simplify sensor recertification, reduce downtime, and support continuous compliance monitoring.

“Organizations shouldn’t have to choose between maintaining compliance and operational continuity,” said Brad Walters, Founder and CEO of Monnit. “Our detachable lead architecture allows customers to hot-swap certified leads in minutes while preserving traceability and keeping trusted monitoring programs running.”

Each NIST Detachable Lead is uniquely calibrated and designed to support traceability requirements aligned with the National Institute of Standards and Technology (NIST) standards.

Rather than removing and shipping an entire sensor for recertification, customers can disconnect only the lead, connect a certified replacement, and send the original lead for recalibration. This approach is ideal for pharmaceuticals, healthcare facilities, laboratories, food storage operations, manufacturing environments, and other applications that require calibration records.

In addition to these hot-swappable, removable leads or cables with probes, we offer short Monnit Standard Temperature and Humidity Detachable Non-Leaded Probes that you can connect to compatible sensor bases.

Each NIST Detachable Lead or Probe connects to compatible ALTA Industrial and Enterprise Sensor Bases via sealed, keyed M8 6-pin connectors designed for field installation. Embedded memory within the lead stores unique lead and sensor identification, calibration data, certification information, and traceability records.

Key features and benefits include:

Hot-swappable lead replacement that minimizes downtime and monitoring interruptionsNIST-traceable calibration support and ISO 17025-accredited lab certificationSupport for FDA 21 CFR Part 11 workflows and audit programsAutomatic synchronization of calibration information with iMonnit® SoftwareLogging of lead connection and disconnection events in iMonnitHot-swapping capability while powered on or off for easier servicing

Monnit and its accredited lab partner, Sensor Calibrations, provide 25-month certificates for NIST Detachable Standard Temperature Leads and 13-month certificates for NIST Detachable Low Temperature and Humidity Leads.

Compatible ALTA Sensor Bases automatically recognize connected lead types and maintain digital maintenance records, helping organizations avoid monitoring gaps caused by traditional recertification.

About Monnit Corporation
The origin story of the Internet of Things (IoT) begins with Monnit. Before our inception in 2010, we were already at the forefront of embedding technology into machines and devices to enable them to talk and deliver valuable data to business leaders. Monnit Remote Monitoring Solutions for nearly any industry use case have delivered 72B+ data points in 130+ countries for 90K+ customers. Monnit’s 80+ long-range IoT sensors remotely monitor many conditions such as temperature, light, humidity, water, vibration, pressure, and more. You can analyze data using iMonnit cloud software and get alerts via email, text, push notification, or call when our sensors detect a change you should know.

Media Contact:
David Hill
Marketing Communications
801-505-8172
417089@email4pr.com

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SOURCE Monnit

Technology

Monnit Introduces NIST Detachable Leads to Streamline Compliance Monitoring

Published

37 minutes ago

June 18, 2026

New hot-swappable lead architecture reduces downtime, simplifies recertification, and helps organizations maintain continuous monitoring.

Each NIST Detachable Lead is uniquely calibrated and designed to support traceability requirements aligned with the National Institute of Standards and Technology (NIST) standards.

Key features and benefits include:

Compatible ALTA Sensor Bases automatically recognize connected lead types and maintain digital maintenance records, helping organizations avoid monitoring gaps caused by traditional recertification.

Media Contact:
David Hill
Marketing Communications
801-505-8172
417089@email4pr.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/monnit-introduces-nist-detachable-leads-to-streamline-compliance-monitoring-302803906.html

SOURCE Monnit

Technology

deepset Joins HPE’s Unleash AI Program to Accelerate Sovereign Agentic AI

Published

37 minutes ago

June 18, 2026

SAN JOSE, Calif., June 18, 2026 /PRNewswire/ — deepset, the company behind Haystack, the production-ready open-source AI agent framework and platform, today announced it has joined the HPE Unleash AI partner program to help government, defense, and regulated enterprises deploy production-grade AI systems in sovereign, self-hosted, and air-gapped environments.

As part of the collaboration, deepset will leverage the Haystack Enterprise Platform, deepset’s platform for building, orchestrating, and governing AI agents and applications, and HPE’s AI ecosystem and infrastructure portfolio to help organizations rapidly identify and operationalize high-value AI use cases while reducing deployment complexity and risk. This enables customers to access AI-ready infrastructure, strategic guidance, and accelerated pilot execution to address their most challenging AI adoption and operationalization needs.

Together, the companies enable organizations to deploy AI agents, multi-agent systems, and Retrieval-Augmented Generation (RAG) applications on self-hosted, sovereign, and air-gapped infrastructure while maintaining full ownership over sensitive and classified data, models, and AI operations.

Customers can leverage the joint architecture to operationalize governed AI applications faster while maintaining the security, compliance, and deployment flexibility required for sovereign and mission-critical environments.

The HPE Unleash AI partner program is a curated ecosystem, combining ISV solutions that go through comprehensive validation testing with engineered HPE AI systems, including HPE Private Cloud AI and the broader HPE AI Factory with NVIDIA solutions, to deliver the performance, security, and scalability enterprises need for production AI. By joining the program, deepset expands access to governed AI platform capabilities designed for organizations operating in highly regulated environments, including public sector, defense, cybersecurity, and enterprise industries.

The Haystack Enterprise Platform enables organizations to:

Build and govern AI agents, multi-agent systems, and RAG applicationsDeploy AI on self-hosted, private cloud, and air-gapped infrastructureOrchestrate modular AI pipelines across models, databases, and enterprise systemsEnforce governance, auditability, and lifecycle management for production AISupport sovereign AI initiatives aligned with European and national security requirements

The collaboration builds on deepset’s experience supporting sovereign AI initiatives with organizations including the European Commission, the German Ministry of Research, Technology and Space (BMFTR), and other government, defense, and enterprise organizations deploying sovereign AI systems under strict governance and security requirements.

“With agentic AI moving into operational deployment, organizations need infrastructure and AI platforms they can control and trust,” said Milos Rusic, CEO and co-founder of deepset. “The challenge is getting agentic systems into production while maintaining control over infrastructure, governance, and sensitive data. Together with HPE, we’re helping customers deploy governed AI systems faster across highly regulated and mission-critical environments.”

Use cases supported through the joint architecture include:

Sovereign AI platform for public sector & regulated industry institutionsSovereign AI intelligence and decision-support systems for classified operationsCybersecurity investigation and threat analysisAI agents for technology, manufacturing, research, legal, and financial workflows

“The Unleash AI program is designed to help organizations deploy AI solutions faster and with greater operational confidence,” said Robin Braun, Vice President of AI Business Development, Hybrid Cloud, HPE. “Together, HPE and deepset are delivering secure, governed AI solutions that combine enterprise-grade infrastructure with flexible and governed AI agent capabilities to help customers operationalize AI across hybrid, sovereign, and classified environments.”

For more information, visit https://www.deepset.ai

About deepset

deepset is the company behind Haystack, the leading open-source framework and platform for building production-grade AI applications and agentic systems. deepset enables enterprises and public sector organizations to develop, deploy, and govern flexible AI applications powered by their choice of large language models, enterprise data, infrastructure, and governance policies across cloud, hybrid, and sovereign environments.

Media Contact
Steph McGuirk
417109@email4pr.com
845.269.8868

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SOURCE deepset