Q3 results, KMP superannuation and two subsidiary acquisitions
KAJARIACER · price
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Board approved Q3 FY26 results: standalone revenue Rs 1,052.99 cr, PAT Rs 93.03 cr versus Rs 79.55 cr a year ago. Consolidated revenue Rs 1,168.26 cr, PAT Rs 86.15 cr. Consolidated exceptional items of Rs 39.64 cr include Rs 18.30 cr provision for new labour codes and about Rs 19.36 cr fraud loss at step-down unit Kerovit Global. Company will acquire remaining stakes in Kajaria Adhesive (for Rs 25,000) and Kajaria Surfaces (for about Rs 1.20 cr) making them wholly-owned subsidiaries. COO and Company Secretary R C Rawat to superannuate on March 31, 2026; Vinit Kumar, an internal candidate, to take over from April 1, 2026.
Fraud loss and labour code provision weighed on Q3 earnings. Smooth internal KMP transition. Buying out minorities gives full control of two subsidiaries.