Kiri Industries Presents Q2/H1-FY27 Earnings, Diversifies into Copper & Fertilizers
Kiri Industries has released its Q2/H1-FY27 Earnings Presentation, announcing a strategic diversification into copper and fertilizer manufacturing. This follows the successful resolution of the DyStar matter, yielding USD 689 million (approx. ₹5,730 crore). The company is developing an integrated copper and fertilizer complex with an estimated project cost of INR 13,300 crore, targeting phased commissioning from H1 FY28. Q2-FY27 consolidated revenue was INR 2,882 Mn, with a loss of INR 387 Mn. H1-FY27 consolidated revenue stood at INR 5,835 Mn, with a profit of INR 2,313 Mn.
The diversification into copper and fertilizer manufacturing, backed by a significant capital infusion and strategic project development, represents a major shift in the company's business model with long-term growth potential.
The company has successfully concluded a major legal dispute, received significant proceeds, and is embarking on a strategic diversification into high-growth sectors like copper and fertilizers, supported by substantial investments and projected attractive returns.
Kiri Industries Limited has submitted its Q2/H1-FY27 Earnings Presentation, following a conference call scheduled for November 06, 2026. The company is entering a new strategic phase focused on long-term growth through diversification into copper and fertilizer manufacturing, while continuing to strengthen its specialty chemicals platform.
This strategic shift follows the successful conclusion of the DyStar matter, with the company receiving proceeds of USD 689 million (approximately ₹5,730 crore), which has significantly strengthened its balance sheet. The company is establishing subsidiaries, Indo Asia Copper Limited and IndoAsia Agrotech Fertilizers Limited, for an integrated copper smelting and fertilizer complex at Jafrabad, Gujarat.
The copper unit will have a capacity of 5,00,000 MTPA, a phosphoric acid plant of 3,50,000 MTPA, and an NP/NPK fertilizer unit of 10,50,000 MTPA. The integrated Copper and Fertilizer complex is scheduled for phased commissioning commencing in H1 FY28. The copper complex has a total project cost of approximately INR 8,100 crore, the fertilizer project is estimated at around INR 3,600 crore, and renewable power and jetty are expected to cost approximately INR 1,600 crore. The project is projected to deliver an IRR of approximately 25% and an ROE of 22%-30%.
For Q2-FY27, consolidated operational revenue was INR 2,882 million, with a PAT margin of (7.88)%. Standalone operational revenue was INR 2,985 million, with a Net Profit of INR (387) million. For H1-FY27, consolidated operational revenue was INR 5,835 million, with a PAT margin of 42.42%. Standalone operational revenue was INR 6,109 million, with a Net Profit of INR 2,475 million.
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Kiri Industries Limited filed this with the NSE as a statutory disclosure, categorised under investor presentation. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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