Kernex Microsystems (India) Limited — Important, 14-08-2025: Updates

Kernex Microsystems saw strong Q1 results with Consolidated Revenue from Operations surging to Rs 55.93 Cr, up from Rs 28.68 Cr year-on-year. Consolidated Profit after Tax jumped to Rs 7.46 Cr, compared to Rs 1.62 Cr last year.

Auditors issued a qualified opinion on standalone financials, flagging unrecorded impairment losses of Rs 16.11 Cr. This includes Rs 12.76 Cr for US subsidiary Avant-Garde Infosystems and Rs 3.35 Cr for Kernex TeAS JV advances. Management believes these are recoverable due to strategic value and temporary project-related losses. Auditors also highlighted long-outstanding trade receivables (Rs 4.23 Cr) and margin money deposits (Rs 19.29 Cr) under arbitration.