Kiri Industries Limited has informed the Exchange about Investor Presentation
KIRIINDUS · price
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Awaiting price reaction for this filing.
Kiri Industries reported Q1-FY26 consolidated revenue of INR 2,021 Mn, up 10.2% YoY, but posted a consolidated net loss of INR 514 Mn versus a loss of INR 11 Mn in Q1-FY25. Standalone revenue grew 7.6% YoY to INR 1,808 Mn, with EBITDA remaining negative at INR (163) Mn on the consolidated side. Margins were under pressure due to raw material cost inflation, pricing competition, and one-time legal/professional charges tied to the ongoing DyStar court case in Singapore. The diluted EPS fell 90.2% YoY to INR 1.75. A key update: the company entered into a Share Purchase Agreement with Zhejiang Longsheng Group to sell its 37.57% stake in DyStar for a base consideration of USD 676.26 million, with the long-stop date for closing set as October 2, 2025.
Short-term pain continues with negative EBITDA and PAT, but the DyStar stake sale (if completed) could be a significant value-unlocking event for shareholders, given the ~USD 696 million total potential consideration. Investors should watch the October 2025 closing timeline closely as it will materially reshape the company's balance sheet and earnings profile.