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Earnings Call Transcript

Kiri Industries Earnings Call Transcript: 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.

Kiri Industries Q2 FY27 concall: date, live audio and summaryConcall page →
Highlights
Revenue growthConsolidated revenue +40% YoY to ₹299 Cr; standalone +48% to ₹288 Cr.
MarginsStandalone margin 2.4% vs prior loss; dye margins 3–4% now, targeted 8–10%.
Order bookDye running order book ~2–3 months; ~80% copper feed secured.
Demand visibilityDye demand stable in H2 FY27 from textiles; copper demand favourable long-term.
Management confidenceBalanced; 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  • Guided FY28 revenue ₹20,000–25,000 Cr → withdrawn on call, 'doesn't hold' (= MISS)
Source

Earnings Call Transcript filed with NSE, NSE: KIRIINDUS. Summary written with AI assistance from the document.

Read the document ↗

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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Convertible Warrants

Kiri Industries Convertible Warrants

Kiri Industries allotted 6,082,600 equity shares on conversion of preferential warrants at ₹475 each, aggregating about ₹288.92 Crore. Paid-up capital rose to ₹71.25 Crore post-allotment.

Value
₹288.9 Cr