{
  "id": 15571240,
  "title": "Kross shares rally 16% after Q2 profit jumps 143% YoY; stock hits 52-week high",
  "url": "https://urgent.news/2026/10/19/kross-shares-rally-16-after-q2-profit-jumps-143-yoy-stock-hits-52",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-19T05:12:40.000Z",
  "source": {
    "name": "The Economic Times - Top News",
    "slug": "the-economic-times-top-news",
    "url": "https://economictimes.indiatimes.com/markets/stocks/news/kross-shares-rally-16-after-q2-profit-jumps-143-yoy-stock-hits-52-week-high/articleshow/135040431.cms"
  },
  "original_language": "en",
  "account": "Kross shares experienced a significant 15.62% increase, reaching Rs 314.35 on the BSE, following the company's strong Q2 results for FY27. Net profit jumped 143% year-on-year to Rs 19.69 crore, while revenue grew 80% to Rs 235.09 crore. EBITDA more than doubled, increasing 107.4% to Rs 30.60 crore. Profitability improved with EBITDA margin expanding 175 basis points to 13% and net profit margin rising 220 basis points to 8.4%. The company's success was attributed to demand across various segments and capacity expansion efforts. Kross Chairman Sudhir Rai highlighted sustained growth momentum and positive outlook for FY27. The stock also hit a 52-week high of Rs 326.40, with trading above all key moving averages. Institutional investors increased their holdings during Q2 2026.",
  "summary": "Kross shares surged following strong Q2 FY27 results, with revenue rising 80% and net profit climbing 143% year-on-year. EBITDA more than doubled, while margins improved. Robust commercial vehicle demand, capacity expansion and operational efficiencies supported growth, alongside increased institutional shareholding and the stock reaching a fresh 52-week high.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}