Please find attached herewith Audited Financial Results for the quarter and year ended 31-03-2026.
KIRIINDUS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Kiri Industries reported standalone revenue of Rs. 77,794 lakhs for FY2026, up 18.7% from Rs. 65,560 lakhs in FY2025. However, the standout figure is Profit After Tax of Rs. 558,090 lakhs (vs Rs. 442 lakhs previously), driven by a massive exceptional item of Rs. 588,123 lakhs. This exceptional item relates to a Singapore court award in a minority oppression dispute involving associate DyStar Global Holdings, combined with write-off of certain receivables. The auditors issued an Unmodified Opinion with Emphasis of Matter paragraphs on the Singapore judgment taxability treatment and the receivables write-off, but did not modify their overall opinion. Consolidated PAT stood at Rs. 556,694 lakhs. The company's balance sheet shows total assets of Rs. 691,010 lakhs, with significant cash and investment holdings.
The exceptional item massively inflates PAT and makes underlying operational profitability difficult to assess. The Singapore award outcome is positive for minority shareholder rights but adds complexity due to tax treatment uncertainty. Clean audit opinion provides some comfort to investors.