Kiri Industries Q3/9M FY26 Earnings Presentation & Concall
Kiri Industries released its Q3/9M FY26 earnings presentation and announced a conference call for February 11, 2026. The company is diversifying into copper smelting and fertilizers with a project cost of ₹13,300 crore. Q3 FY26 saw consolidated revenue of ₹1,616 million and standalone revenue of ₹1,736 million. Significant PAT was reported due to an exceptional gain of ₹58,544 million from DyStar investment disposal.
The company is undertaking a major strategic diversification into copper and fertilizer, involving significant capital expenditure. This expansion has the potential to fundamentally alter its business profile and future growth trajectory.
The announcement includes a positive outlook on strategic diversification into copper and fertilizer sectors, despite current operational challenges reflected in negative EBITDA. The exceptional gain from investment disposal also boosts the reported profit.
Kiri Industries Limited has submitted its Earnings Presentation for the third quarter and nine months of FY26, in compliance with SEBI regulations. The company also intimated a conference call scheduled for Wednesday, February 11, 2026, at 10:30 AM IST to discuss these results.
The presentation provides a comprehensive overview of the company's financial performance and strategic initiatives. Kiri Industries, established in 1998, is a leading manufacturer and exporter of Dyes, Dyes Intermediates, and Basic Chemicals, operating with a 'Zero Effluent' model. The company has a significant global footprint, serving customers in over 50 countries.
A key strategic development highlighted is the expansion into the integrated copper smelting and fertilizer sector through its subsidiary, Indo Asia Copper Ltd. This diversification aligns with India's self-reliance agenda. The project involves a copper smelting capacity of 5,00,000 MTPA and a fertilizer plant of 10,50,000 MTPA, with a total project cost of approximately ₹13,300 crore (₹8,100 crore for copper, ₹3,600 crore for fertilizer, and ₹1,600 crore for renewable power and jetty). Construction has commenced with a 36-month timeline starting October 1, 2025.
Financially, for Q3 FY26, the company reported consolidated operational revenue of ₹1,616 million and standalone revenue of ₹1,736 million. However, both consolidated and standalone EBITDA were negative at ₹(474) million and ₹(486) million, respectively, reflecting margin pressures. The reported Profit After Tax (PAT) for Q3 FY26 was significantly impacted by an exceptional gain of ₹58,544 million on the disposal of its investment in a foreign associate (DyStar), leading to a consolidated PAT of ₹50,117 million and standalone PAT of ₹50,817 million.
For the 9M FY26 period, consolidated revenue stood at ₹5,370 million with a consolidated EBITDA loss of ₹783 million. Standalone revenue was ₹5,891 million with an EBITDA loss of ₹785 million. The 9M FY26 consolidated PAT was ₹50,678 million, again driven by the exceptional gain. The company's balance sheet shows a substantial increase in non-current liabilities, particularly borrowings, in FY25 and H1-FY26, reflecting investments in new projects.
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Kiri Industries Limited filed this with the NSE as a statutory disclosure, categorised under other company updates. 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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See the model portfoliosA plain-language summary of a public exchange filing by Kiri Industries Limited. Read the original for the full detail.