ALFA Finder
The call ran from 11:31 AM to 12:38 PM IST (1 h 8 min).
Key takeaways
Consolidated revenue rose 40% to ₹299 Cr, but a ₹39 Cr loss persists after a ₹57 Cr treasury fair-value hit. H-acid price gains are expected to lag into Q3–Q4.
| Revenue growth | Consolidated revenue +40% YoY to ₹299 Cr; standalone +48% to ₹288 Cr. |
|---|---|
| Margins | Standalone margin 2.4% vs prior loss; dye margins 3–4% now, targeted 8–10%. |
| Order book | Dye running order book ~2–3 months; ~80% copper feed secured. |
| Demand visibility | Dye demand stable in H2 FY27 from textiles; copper demand favourable long-term. |
| Management confidence | Balanced; optimistic on H-acid pricing, guarded on China supply durability. |
Growth
Consolidated revenue +40% YoY to ₹299 Cr; EBITDA ₹2 Cr. Standalone EBITDA ₹7 Cr (2.4% margin) vs prior-year loss.
Outlook
Dye revenue peak ₹1,200–1,500 Cr consolidated; 8–10% EBITDA margin targeted, no period given.
Risks
₹57 Cr treasury fair-value loss; Chinese H-acid supply disruption may fade; price gains lag, driven by order book.
Last quarter's promises, checked
Missed
- Guided FY28 revenue ₹20,000–25,000 Cr → withdrawn on call, 'doesn't hold' (= MISS)
Summary by ALFA Finder, written with AI assistance from our own recording of the call, published . Open it on ALFA Filings ›
The results behind this call
Kiri Industries Q2 FY27 Results: Net Loss of ₹22.5 Cr
Kiri Industries Ltd reported revenue from operations of ₹298.5 Cr (+39.9% YoY) and a net loss of ₹22.5 Cr for Q2 FY27.
- Key figure
- Net loss ₹22.5 Cr
What management said last time
Full summary →From the call summary published .
Outlook they gave
Phased commissioning of copper/fertilizer project through FY28-FY30; target revenue scale-up depends on import substitution dynamics.
Growth they described
Standalone revenue grew 63% YoY, primarily realization-led; EBITDA margins improved but core dyes business remains below peak potential.
Call details
| Company | Kiri Industries Ltd |
|---|---|
| NSE symbol | KIRIINDUS |
| ISIN | INE415I01015 |
| Call | Q2 FY27 earnings call |
| Date | Friday, 6 November 2026 |
| Time | 11:30 AM IST |
| Length | 1 h 8 min |
| Audio | Our stream on YouTube ↗ |
Kiri Industries Ltd: key numbers
- Share price
- ₹500.20
- Market cap
- ₹3,260 Cr
- Revenue (annual)
- ₹839.6 Cr
- Net profit (annual)
- ₹5,566 Cr
- P/E (TTM)
- 0.6×Sector 28.2×
- Promoter holding
- 41.71%+0.00% QoQ
- FII holding
- 16.59%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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