Mumbai, June 2 -- The agency has also affirmed the company's short-term rating at 'IND A1'.

India Ratings & Research stated that the ratings reflect the agency's expectation of sustained revenue growth over FY27-FY28, with healthy profitability and credit metrics. The company reported steady revenues and resilient operating profitability with rangebound EBITDA margins over FY24-FY26.

Additionally, the company's credit metrics remained healthy in FY25-FY26, following the receipt of the proceeds from an initial public offering (IPO).

The proceeds were utilised to largely repay its debt, leading to a reduction in its interest burden and an improvement in the coverage indicators.

Kross has been investing to increase its existing capacitie...