Kanoria Chemicals & Industries Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
KANORICHEM · price
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Kanoria Chemicals reported its Q1 FY26 results with standalone revenue from operations rising sharply to Rs 18,658 lakhs from Rs 11,168 lakhs in Q1 FY25, a jump of about 67% year-on-year. On a consolidated basis, revenue grew around 18% to Rs 45,378 lakhs. However, the company slipped into a standalone loss of Rs 406 lakhs (vs a small profit of Rs 64 lakhs a year ago) after booking a Rs 1,064 lakh impairment on its investment in Swiss subsidiary APAG Holding AG. Consolidated loss narrowed to Rs 1,378 lakhs from Rs 2,293 lakhs in Q1 FY25. The Board also approved a plan to dilute its stake in APAG from 55% to about 14.3% in Phase 1 by bringing in a strategic investor, with full exit planned by FY30. Standalone operating profit before depreciation and finance costs (PBDITDA) margin expanded to roughly 9.8% from 5.3% a year ago, driven by the strong top-line growth.
Short-term: Negative — the company returned to a loss on the back of an impairment charge, even as core chemicals revenue surged. Medium-term: The planned APAG divestment will reduce exposure to the loss-making Electronics-Automotive segment and bring in fresh capital, but shareholders will see meaningful dilution in the Swiss subsidiary.