Kiri Industries Q2/H1-FY26 Earnings Conference Call Transcript
Kiri Industries released Q2/H1 FY26 earnings call transcript. Standalone Q2 revenue grew 34% YoY to ₹195 crore, but EBITDA loss was ₹10 crore. DyStar deal extended to Dec 1. Copper project trial production expected Jan 2028-Dec 2028.
The earnings call transcript and DyStar case update are relevant to investors, but the details are mixed, with both revenue growth and continued losses. The copper project update provides a long-term perspective.
The announcement discusses the transcript of an earnings call, outlining both positive revenue growth and losses due to specific expenses and provides updates on the DyStar case and copper project.
* Kiri Industries Limited announced the transcript of the Q2/H1-FY26 earnings conference call held on 7 November 2025. * On a standalone basis, Q2 revenue from operations stood at ₹195 crore, a growth of about 34% year-on-year. The company reported an EBITDA loss of ₹10 crore and a net loss of ₹21 crore, primarily due to elevated legal expenses and higher operating costs. * For H1-FY26, standalone revenue from operations stood at ₹375 crore, registering a growth of 20% year-on-year. The company recorded an EBITDA of ₹7 crore and a net loss of ₹14 crore during the period. * On a consolidated basis, Q2 revenue from operations stood at ₹213 crore, a growth of 23% year-on-year. The company reported an EBITDA loss of ₹13 crore and a net loss of ₹80 crore before considering the state of profit from associates and other OCI. * For H1-FY26, consolidated revenue from operations stood at ₹416 crore, higher by 17% year-on-year, while the company reported an EBITDA of ₹6 crore and a net loss of ₹131 crore before the share of profit from associates and other companies. The share of profit from associates and joint ventures during the first half of FY26 stood at ₹161 crore. * Regarding the DyStar case, the long-stop date has been further extended to 1 December 2025, as the purchaser could not obtain the required approvals. The extension was granted subject to an additional US$5.11 million being deposited into the escrow account. * Kiri Industries' step-down subsidiary, Indo-Asia Copper Limited, is advancing the development of its integrated copper and fertilizer complex at Jafrabad, Amreli District in Gujarat. The copper smelter will have a capacity of 5 lakh tonnes per annum. * Management expects trial productions in copper from January 2028 to December 2028.
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Kiri Industries Limited filed this with the NSE as a statutory disclosure, categorised under concall transcript released. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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