| Revenue growth | Consol Q2 +39.9% YoY; H1 +47.0% |
|---|---|
| Margins | Standalone material margin 29.1% vs 26.4%; Q2 standalone EBITDA margin 1.42% |
| Demand visibility | Structural copper deficit: ~1.8Mn demand vs ~0.8Mn domestic output |
Growth
Consol Q2 revenue +39.9% YoY; H1 +47.0%. Standalone Q2 +48.1%. Consol PAT H1 INR 2,313 Mn vs prior-year loss.
Outlook
Copper ~INR 8,100 Cr, fertilizer ~3,600 Cr, power/jetty ~1,600 Cr; phased commissioning H1 FY28. No numeric growth guidance.
Risks
Negative Q2 consol EBITDA; standalone costs up on fuel, power, effluent. Pending equity infusion ~INR 2,964 Cr.
Last quarter's promises, checked
Delivered
- Guided 'substantially debt-free' → net debt/equity (0.05)x (= BEAT)
Partly delivered
- Guided standalone material margin 'sustain' 31.9% → 29.1% (= PARTIAL)
- Guided project capex ~INR 12,000 Cr → ~13,300 Cr incl. power/jetty (= PARTIAL)
- Guided financial closure 'next few months' → none reported (= PARTIAL)
Missed
- Guided Q1 consol EBITDA INR 37 Cr, 'build upon' → Q2 INR (49) Mn (= MISS)
- Guided FY28 revenue INR 20,000–25,000 Cr → withdrawn, 'doesn't hold' (= MISS)
- Guided FY28 EBITDA INR 1,000–1,200 Cr → not reaffirmed (= MISS)
Investor Presentation filed with NSE, NSE: KIRIINDUS. Summary written with AI assistance from the document.
Kiri Industries Ltd: key numbers
- Share price
- ₹493.00
- Market cap
- ₹3,213 Cr
- Revenue (annual)
- ₹839.6 Cr
- Net profit (annual)
- ₹5,566 Cr
- P/E (TTM)
- 0.6×Sector 34.1×
- 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.
More from Kiri Industries Ltd
All →Kiri Industries Other Announcement
Kiri Industries filed the Crisil monitoring agency report for the quarter ended September 30, 2026. The report covers utilisation of preferential warrant issue proceeds with no deviations.
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
Kiri Industries Convertible Warrants
Kiri Industries received in-principle exchange approval for 60,82,600 warrants convertible into equity shares at ₹475 each to promoters. The issue values approximately ₹288.92 Crore.
- Value
- ₹288.9 Cr
Kiri Industries Board Meeting Date
Kiri Industries has scheduled a board meeting on 5 November 2026 to consider its unaudited standalone and consolidated results for the quarter and half year ended 30 September 2026. This is a future meeting notice, so the results are not yet approved.
Kiri Industries Preferential Issue
The company clarified the objects and utilisation timeline for its previously approved preferential issue of 60,82,600 convertible warrants, responding to queries from the National Stock Exchange.
Kiri Industries Acquisition
KIRI Industries acquired 100% of Chilean entity ANDEMINA SpA for INR 9,683. The board-approved related-party transaction targets future mining business in Chile.