Krsnaa Diagnostics543328Quarterly results

Board approves Q2 and H1 results; auditor's review conclusion unmodified, flags income-tax demand

Board met on November 02, 2026 and approved the unaudited standalone and consolidated results for the quarter and half year ended September 30, 2026.

By ScoutQuest · Mon 2 Nov 2026, 3:08 PM IST · 2 min read

Consolidated · ₹ million · EPS in ₹
Line item	Latest	Year ago	YoY	Prev qtr	QoQ
Revenue from operations	2,709.69	2,059.91	+31.5%	2,355.32	+15%
Total income	2,771.24	2,101.64	+31.9%	2,427.72	+14.1%
Profit before tax	327.68	315.60	+3.8%	224.36	+46.1%
Profit after tax	245.87	239.45	+2.7%	165.51	+48.6%
Total comprehensive income	245.82	240.45	+2.2%	166.41	+47.7%
Basic EPS	7.64	7.38	+3.5%	5.10	+49.8%

Total income: Latest 2,771.24; Year ago 2,101.64 (+31.9%); Prev qtr 2,427.72 (+14.1%)
Profit after tax: Latest 245.87; Year ago 239.45 (+2.7%); Prev qtr 165.51 (+48.6%)
Period: Quarter ended September 30, 2026

Auditor's review

Conclusion: Unmodified

Emphasis of matter on Note 4: Income Tax additions for undisclosed income/disallowances for AY 2017-18 to AY 2023-24 after search; company update ITAT appeals, tax deposited under protest Rs. 102.77 million.
Eight subsidiaries and one associate not reviewed by the auditor; reliance on other auditors' reports. Conclusion not modified.
Comparative figures were reviewed/audited by the previous auditor. Conclusion not modified.

Notes to the results

Note 4: Income Tax search assessment orders resulted in a demand of INR 626.90 million; INR 39.27 million deposited under protest for AY 2022-23; management views demands as not tenable.

What the board approved

The Board of Directors, at its meeting on November 02, 2026, approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. The results carry a limited review report from the statutory auditor, Kirtane & Pandit LLP. The Board meeting commenced at 13:30 Hrs. (IST) and concluded at 14:45 Hrs. (IST).

Auditor's conclusion

The review conclusion is not modified. The auditor states that nothing came to its attention that would suggest the statement contains a material misstatement or fails to disclose what the listing regulations require. Two matters are flagged, and the conclusion is not modified for either:

An emphasis of matter on Note 04, about income-tax search assessment orders and the demand raised on the holding company.
The interim financial information of certain subsidiaries and an associate was reviewed by other auditors, whose reports were relied upon.

Results at a glance (consolidated, unaudited, figures as printed in INR Million)

Revenue from operations, quarter ended September 30, 2026: 2,709.69
Profit for the period, quarter: 245.87, against 239.45 in the quarter ended September 30, 2025
Revenue from operations, half year ended September 30, 2026: 5,065.01
Profit for the period, half year: 411.38, against 444.65 in the half year ended September 30, 2025

Inside the income-tax note

Note 04 says the holding company received assessment orders under search assessment proceedings, where the Income Tax Authorities made additions on account of undisclosed income and disallowed certain deductions claimed in its returns. That resulted in a demand order of INR 626.90 million. The company has shared appeals before the Joint Commissioner (Appeals)/Commissioner of Income Tax (Appeals); orders have been passed on those appeal applications and it is in the process of update appeals before the Income Tax Appellate Tribunal (ITAT). The auditor's report records that tax of Rs. 102.77 million has been deposited under protest. Management's stated view in the note is that the demand orders are not tenable and are not expected to have a material impact on the Group's financial position as at September 30, 2026 or on its performance for the half year ended on that date.

What the business looks like

The Group's operations predominantly relate to diagnostic services in radiology and pathology, run as a single reportable segment, with revenue from external customers in India. The consolidated results cover the holding company, its subsidiaries and a step-down associate.

Two things a reader can place side by side

On 'Profit for the period', the quarter at 245.87 is higher than the 239.45 of the same quarter a year earlier, while the half year at 411.38 is lower than the 444.65 of the same half year a year earlier.
The income-tax demand is a highlighted item in the auditor's report, with part of the tax deposited under protest, while management expects no material impact.

245.87 (INR Million)+2.7%

2025239.45 (INR Million)2026245.87 (INR Million)

Profit for the period, consolidated, quarter ended September 30: 239.45 (INR Million) (2025) and 245.87 (INR Million) (2026).

INR 626.90 millionIncome-tax demand order on the holding company (Note 04

Profit for the period, consolidated, quarter ended September 30239.45 (INR Million)

Profit before tax, quarter224.36 (INR Million)

Profit after tax, quarter165.51 (INR Million)

Income-tax demand order on the holding company (Note 04 INR 626.90 million: Profit for the period, consolidated, quarter ended September 30 239.45 (INR Million), Profit before tax, quarter 224.36 (INR Million), Profit after tax, quarter 165.51 (INR Million).

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