Unaudited Financial results for the quarter and half year ended 30th September 2025
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Keerthi Industries reported a narrowed loss for Q2 FY26 at Rs 759.14 lakhs (vs Rs 1,285.97 lakhs loss in Q2 FY25) and H1 FY26 loss at Rs 1,160.84 lakhs (vs Rs 2,118.63 lakhs in H1 FY25). Revenue from continuing operations (Cement) dipped slightly to Rs 5,305.88 lakhs in H1 FY26 from Rs 5,410.80 lakhs in H1 FY25. The company is divesting its loss-making Electronics Division to Hyderabad Bottling Co. Pvt. Ltd. (a related party) via a slump sale, and has also classified Sugar Division land worth Rs 497.59 lakhs as held for sale. The statutory auditor (Brahmayya & Co.) issued an unmodified limited review report with an emphasis of matter on the assets held for sale note. A new Company Secretary, Ms. Anupama Iyer, was also appointed effective 13 November 2025.
Loss reduction and restructuring via the Electronics Division divestment are positive for the stock, but persistent losses, a high debt-to-equity ratio (~1.68x with borrowings of ~Rs 5,519 lakhs against equity of ~Rs 3,291 lakhs), and declining cement revenue keep the outlook cautious for shareholders.