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

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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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Rachana Shukla, MD, and Vaishalee Shukla, MD Introduce Hybrid Choice™ Concierge Program Through Concierge Choice Physicians

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Helping patients enjoy a more personalized, connected healthcare experience with enhanced physician connectivity and availability

ROCKVILLE CENTRE, N.Y., Nov. 10, 2026 /PRNewswire/ — Rachana Shukla, MD and Vaishalee Shukla, MD, experienced internal medicine physicians serving the Westchester community, are now offering the Hybrid Choice concierge program through Concierge Choice Physicians (CCP). The program is designed to provide patients with enhanced connectivity, more personalized attention, and greater physician availability, helping foster stronger relationships and a more responsive healthcare experience.

Recognizing that many patients value additional time, communication, and support from their physician, the doctors have introduced the CCP Hybrid Choice concierge program as an option for those seeking a more personalized healthcare experience. The program complements their existing practice, allowing all patients to continue receiving care while offering members enhanced physician connectivity, greater availability, and additional conveniences

“For us, the foundation of good medicine has always been the relationship we build with our patients. This program allows us to spend more time with patients, communicate more directly, and provide the type of personalized attention that helps people feel supported, informed, and confident in their healthcare decisions,” said Dr. Rachana Shukla.

Membership benefits include easy-to-secure, extended appointments, direct physician connectivity, enhanced care coordination and medical advocacy, preventive health planning, and a more personalized approach to care. Members also benefit from greater physician availability, continuity of care, and a dedicated support team focused on responsiveness and service.

“We are excited to launch this new program and look forward to welcoming our members,” said Dr. Vaishalee Shukla. “This is an exciting time for our practice, and we can’t wait to begin this new, truly personalized style of medicine.”

The physicians practice at Shukla MD, located at 150 Lockwood Avenue, Suite 30, New Rochelle, NY 10801. The Hybrid Choice program is available for an annual membership fee. For more information or to enroll, contact Concierge Choice Physicians at 877.888.5590.

About Rachana Shukla, MD
Rachana Shukla, MD is an internal medicine physician with over a decade of experience caring for adults in the Westchester community. She started her private practice, Shukla Medical Services PLLC, in 2015 and has been practicing since. She earned her medical degree from Dr. D. Y. Patil Medical College in Navi Mumbai, India, and completed her residency training in Internal Medicine at Sound Shore Medical Center of Westchester, affiliated with New York Medical College. Dr. Shukla combines extensive clinical experience with a strong commitment to preventive care, chronic disease management, and building lasting relationships that support her patients’ long-term health and wellness.

About Vaishalee Shukla, MD
Vaishalee Shukla, MD is a board-certified internal medicine physician who has served patients throughout Westchester County for more than two decades. She received her medical degree and completed her residency training in Internal Medicine at Sound Shore Medical Center of Westchester, affiliated with New York Medical College. Throughout her career, Dr. Shukla has provided care in hospital, outpatient, and community-based settings, bringing a thoughtful, patient-centered approach to preventive medicine, chronic disease management, and personalized primary care.

About Concierge Choice Physicians (CCP)
Dedicated to providing real options for patients and physicians, Concierge Choice Physicians™ is the largest private provider of the full range of concierge programs available today—Hybrid and FullFlex™. The company provides innovative, flexible and affordable models proven to work in medical practices of any size—from solo physicians to large medical practice corporations—both independent and affiliated with hospitals or health systems. Headquartered in Rockville Centre, NY, the company has worked with thousands of physicians in 35 states. For more information, please visit www.ccpmd.com.

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SOURCE Concierge Choice Physicians

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Ares Management Corporation to Present at the TD Cowen 2026 Financials & Fintech Conference

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NEW YORK, Nov. 10, 2026 /PRNewswire/ — Ares Management Corporation announced today that its Chief Financial Officer, Jarrod Phillips, is scheduled to present at the TD Cowen 2026 Financials & Fintech Conference on Wednesday, November 18, 2026, at 3:10pm ET.

A live audio webcast of the presentation will be available on the Investor Resources section of the Company’s website at www.ares.com. For those unable to listen to the live audio webcast, a replay will be available on the Company’s website shortly after the event.

About Ares Management Corporation

Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to advance our stakeholders’ long-term goals by providing flexible capital that supports businesses and creates value for our investors and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of September 30, 2026, Ares Management Corporation’s global platform had approximately $691 billion of assets under management, with operations across North America, South America, Europe, Asia Pacific and the Middle East. For more information, please visit www.ares.com.

Investor Relations:
irares@ares.com 

Media:
media@ares.com 

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SOURCE Ares Management Corporation

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TELUS Mental Health Index: Burnout, presenteeism, and youth mental health crisis are negatively impacting Philippine business productivity

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A new nationwide survey reveals 82 percent work unwell at least once a week, nearly half experience burnout, and 77 percent fear career repercussions if they disclose mental health concerns.

Quick Facts:

More than half (55 percent) of workers report that their mental health is negatively affecting work productivityNearly half (48 percent) of Filipino workers routinely end their workday mentally or physically exhausted, with younger workers (under 40) twice as likely as older peers to report constant stressWorkers feeling mentally and/or physically exhausted lose 49.5 productivity days per year, directly affecting workplace productivityEighty-two percent of employees report working while mentally or physically unwell at least once a weekMore than half (54 percent) of workers lack emergency savings to cover basic needsAlmost eight in 10 workers (77 percent) fear career damage if they disclose mental health issues, driving a culture of hidden strain and unaddressed risk

MANILA, Philippines, Nov. 11, 2026 /PRNewswire/ — Today, TELUS Health – a global digital health and workforce wellbeing company – released its first Philippines-focused TELUS Mental Health Index (“the Index”). The report reveals that burnout, exhaustion, and presenteeism have escalated into productivity risks across the Philippines, as stigma makes workforce mental health and wellbeing a critical business imperative for organizations.

The Index is based on an independent, nationally representative survey of 2,000 employed adults across diverse sectors, regions, and demographics of the general Philippine workforce. The research evaluates workforce wellbeing on a 0–100 scale, where higher scores reflect better mental health and lower risk. Scores are categorized across optimal (80–100), strained (50–79), and distressed (0–49) ranges. Overall, the Philippine national benchmark score sits at 61.6, indicating widespread strain among workers in the country.

According to the Index, unaddressed employee strain directly impairs national economic performance, with 55 percent of workers reporting that mental health challenges actively undermine their daily productivity.

Compounded by financial stress where half of the workforce (50 percent) report personal finances as the primary source of personal stress, more than half (54 percent) lack emergency savings to cover basic needs and employees are increasingly turning up to work while unwell. Eighty-two percent report experiencing “presenteeism”, also known as working while functioning below their capacity as a result of being unwell, at least one day per week. Workers reporting feeling mentally or physically exhausted at the end of their workday costs organizations up to 49.5 days in lost productivity.

Workplace stigma is a key barrier to address wellbeing in the workplace, as 77 percent of employees fear disclosing mental health challenges due to potential career repercussions, forcing Filipino workers to suffer in silence while organizations absorb the hidden costs of reduced performance and employee turnover.

“Presenteeism is a costly hidden expense for Philippine businesses today, as 82 percent of employees report working while unwell at least once a week and the impact on operational output should not be ignored,” said Paula Allen, Global Leader of Research and Insights, TELUS Health. “Stigma is a factor in this and it’s damaging in two ways. Firstly, stigma makes people feel the need to hide, which drains their energy. Secondly, it prevents people from seeking necessary help, including confidential health support. This crisis is hitting the younger workforce hardest, with workers under 40 being twice as likely to feel under constant stress and 70 percent more likely to end their day completely exhausted. When young employees push through physical and mental strain without proper support, companies burn out the future leaders driving their organizations.”

This report reveals distinct vulnerabilities across age groups, financial obligations, and regional populations:

Younger workers feel the pressure: Workers under 40 are twice as likely as those over 50 to feel under constant stress and twice as likely to cite mental health as their primary personal stressor. Workers under 40 are twice as likely as workers over 50 to report a lack of work-life balance as a source of work stress and 70 percent more likely than those over 50 to end their workday feeling mentally or physically exhausted.Financial stress is driving mental health strain: Everyday financial obligations have created a persistent state of strain across the workforce, with 41 percent of workers reporting they feel under constant stress. Workers without emergency savings continue to experience a lower mental health score (55.5) than the overall group (61.6). This financial pressure takes a toll on productivity and wellbeing, as workers stressed about money lose 44.6 working days annually.Climate impact on mental health: Environmental factors heavily affect regional gaps as 24 percent of workers report losing income due to climate disaster-related work stoppages, and 14 percent report difficulty working remotely due to power outages or connectivity failures during natural disasters.

The cultural stigma remains as managers are unequipped to support workforce wellbeing

The cultural stigma around disclosing mental health is a major barrier to receiving support. Seventy-seven percent of workers report they would be concerned about their career options if their workplace was aware of a mental health issue. Deep-seated self-stigma is also on the rise, with 63 percent of workers admitting they would feel negatively about themselves if they experienced a mental health issue.

“Workplace culture and cultural stigma are barriers to workforce wellbeing in the Philippines,” said Jamie MacLennan, Region Head, Asia-Pacific, TELUS Health. “More than three-quarters of employees fear their career progression will be impacted by disclosing mental health challenges and this silent suffering is costing companies in lost productivity. People leaders don’t feel equipped to handle wellbeing conversations, so businesses have a responsibility to support managers with proper training to address workplace stigma and ensure accessible, judgment-free support systems for every employee.”

More than half of Filipino workers (52 percent) report that cost is the top barrier to seeking professional mental health support. The second biggest barrier is a lack of guidance on what type of care is best (32 percent), followed by where to find care (29 percent). Closing communication gaps, training leadership with structured facilitated training, and delivering accessible mental health and wellbeing programs are essential steps for employers aiming to reduce organizational risk and support sustainable performance.

This TELUS Mental Health Index includes insights related to anxiety and isolation, highlighting the critical importance of human connection and community support. Checking in with others and giving back to our communities can significantly boost mental wellbeing. As a company rooted in social purpose, TELUS Health is committed to improving health outcomes and fostering community connections. Read the full Philippines TELUS Mental Health Index here.

About the TELUS Mental Health Index research methodology

Data for this report was collected through an online survey of 2,000 people living in the Philippines who are currently employed or were employed within the last six months. This is not an internal survey of TELUS or TELUS Digital team members. Participants are selected to represent the age, gender, industry, and geographic distribution in the Philippines, with survey responses gathered between July 24 and August 5, 2026.

The TELUS Mental Health Index is based on a response scoring system that turns individual responses into point values. Higher point values are associated with better mental health and less mental health risk. Benchmark scores out of 100 represent optimal (80–100), strained (50–79), and distressed (0–49) mental health categories.

Frequently Asked Questions

What is the primary source of stress for workers in the Philippines?

Fifty percent of workers cite personal finances as their primary source of personal stress. This financial pressure directly impacts workforce performance, causing stressed employees to lose an average of 44.6 working days per year in productivity. An additional 10 percent cite broader economic conditions such as the cost of living as their leading stressor.

How many Philippine employees lack emergency savings for basic needs?

More than half (54 percent) of workers lack emergency savings to cover basic needs. Workers without emergency savings continue to experience a lower mental health score (55.5) than the overall group (61.6).

What percentage of Philippine workers suffer from workplace burnout and fatigue?

Forty-eight percent of workers often end their workday feeling mentally and/or physically exhausted. Exhausted employees lose 49.5 productivity days per year—nearly 20 full working days more than non-exhausted peers. Workers under 40 are 70 percent more likely than those over 50 to experience end-of-day exhaustion.

Does mental health stigma affect career advancement in the Philippines workforce?

Seventy-seven percent of workers would be concerned that their career options would be limited if they had a mental health issue that their workplace was aware of. This fear of professional fallout is accompanied by high self-stigma, as 63 percent report they would feel negatively about themselves if they experienced mental health challenges.

What is presenteeism and how much does it cost Philippine employers?

Presenteeism is the practice of working while feeling mentally or physically unwell, reported by 82 percent of Filipino employees at least one day per week. Workers who never work while unwell lose only 17.3 days of productivity per year, whereas employees working while unwell 4 to 5 days a week lose between 64 and 71 working days annually per person. The loss in working days translates to a significant financial loss for businesses, highlighting the commercial imperative to address mental health issues.

What can support Philippine workers to get mental health support?

Employee Assistance Programs provide confidential, professional mental health support at no cost to the worker. The support given is personalized to the individual’s needs. It is also available every hour of every day, which enables immediate intervention for crisis situations. When well communicated in a workplace, the value is significant. Cost is the primary barrier for 52 percent of workers, while 42 percent report that their manager has never communicated the availability of employer health and wellbeing programs. Additionally, 32 percent do not know what type of care is best for them, and 29 percent refrain from seeking support due to fear of social judgment.

How do natural disasters and typhoons impact workplace productivity in the Philippines?

Nearly eight in 10 workers report a direct impact on their work performance due to recent natural disasters. Specifically, 24 percent lost income due to work stoppages, 16 percent were unable to commute, and 14 percent experienced remote work disruptions from power and internet outages. Workers experiencing disaster-related emotional distress lose an average of 54.8 working days per year. The critical incident support offered through and EAP addresses the major upheaval that these situations create, and supports workers with the skills and confidence to manage through difficulty. 

How does TELUS Health support the wellbeing of its own workforce?

Team member wellbeing is foundational to our culture, and we lead by example through comprehensive physical, psychological, and financial support systems. Our team members and their eligible family members have access to confidential counseling and mental health services through our Employee Assistance Program (EAP), alongside digital health platforms and mental health support. TELUS actively invests in specialized leadership training to ensure managers are equipped to recognize burnout, champion psychological safety, and ensure team members can access support without fear of career repercussions.

About TELUS Health
TELUS Health is a global technology leader advancing health data infrastructure and workforce wellbeing. Across healthcare systems, we build interoperable digital technology uniting electronic medical records, pharmacy management platforms, and virtual care so vital health information flows securely across the entire ecosystem. For organizations, we deliver comprehensive, life-stage support that integrates physical, mental, and financial wellbeing. By connecting care systems and empowering workforces, TELUS Health drives better health outcomes for individuals, organizations, governments and healthcare providers worldwide. For more information, visit telushealth.com. 

Media Contact:
Kaya Arai
TELUS Health Public Relations
kaya.arai@telus.com 

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SOURCE TELUS Health; TELUS Communications Inc.

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