Kiri Industries Q2 FY27 Results: Consolidated Net Loss ₹38.68 Crore on Total Income of ₹283 Crore
- Earnings
- dyes and chemicals
Reviewed byKeshav SehgalBlacklitt Research
Kiri Industries (NSE: KIRIINDUS) reported consolidated total income of ₹282.98 crore and a net loss of ₹38.68 crore for the quarter ended 30 Sep 2026, it said in a filing on 05 Nov 2026. Standalone total income was ₹278.67 crore and the standalone loss after tax was ₹22.70 crore.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹282.98 crore, up 32.2% YoY and down 52.7% QoQ
- Net profit: loss of ₹38.68 crore, against a loss of ₹79.47 crore a year earlier and profit of ₹270.02 crore in Q1 FY27
- EPS: ₹-3.17 basic, against ₹-4.74 a year earlier
- Share of associates and JV: ₹16.15 crore share of profit from the Lonsen Kiri joint venture
Standalone
The company on its own, without its subsidiaries
- Total income: ₹278.67 crore, up 40.1% YoY and down 51.9% QoQ
- Net profit: loss of ₹22.70 crore, against a loss of ₹21.12 crore a year earlier
- EPS: ₹-3.50 basic, against ₹-3.66 a year earlier
- Fair value loss: ₹56.85 crore unrealised, non-cash, on FVTPL treasury investments
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 282.98 | 214.07 | +32.2% | 598.29 | -52.7% | |
| Revenue from operations | 298.55 | 213.44 | +39.9% | 312.36 | -4.4% |
| Other income | -15.57 | 0.64 | n/a | 285.93 | n/a |
| -38.68 | -79.47 | +51.3% | 270.02 | n/a | |
| Profit before tax | -33.48 | -85.22 | +60.7% | 288.53 | n/a |
| Finance costs | 0.94 | 60.52 | -98.5% | 1.37 | -31.5% |
| Depreciation | 12.15 | 11.65 | +4.3% | 11.92 | +1.9% |
| Tax expense | 5.20 | -5.75 | n/a | 18.51 | -71.9% |
| Net profit margin | -13.67% | -37.12% | +23.45 pp | 45.13% | -58.80 pp |
| EPS, basic (₹) | -3.17 | -4.74 | +33.1% | 44.89 | n/a |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
The notes do not give the reason for the year-ago finance cost figure.
Other income was negative at ₹-15.57 crore this quarter, equal to 5.5% of total income, against ₹285.93 crore in Q1 FY27. Revenue from operations was ₹298.55 crore, 39.9% above a year earlier and 4.4% below Q1 FY27. The filing does not give a reason for the negative other income.
The consolidated figures include a ₹16.15 crore share of profit from Lonsen Kiri, a 40% joint venture, and a non-controlling interest of ₹6.01 lakh. Consolidated net profit attributable to owners of the company was a loss of ₹22.59 crore. The management notes say the group's share of profit from two associates and one joint venture was not reviewed by the auditors and was certified by management.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 278.67 | 198.93 | +40.1% | 579.45 | -51.9% | |
| Revenue from operations | 288.18 | 194.62 | +48.1% | 295.32 | -2.4% |
| Other income | -9.50 | 4.31 | n/a | 284.13 | n/a |
| -22.70 | -21.12 | -7.5% | 270.24 | n/a | |
| Profit before tax | -17.77 | -22.17 | +19.8% | 288.75 | n/a |
| Finance costs | 0.76 | 0.65 | +17.1% | 1.26 | -39.8% |
| Depreciation | 11.63 | 11.60 | +0.3% | 11.44 | +1.7% |
| Tax expense | 4.93 | -1.05 | n/a | 18.50 | -73.4% |
| Net profit margin | -8.15% | -10.62% | +2.47 pp | 46.64% | -54.78 pp |
| EPS, basic (₹) | -3.50 | -3.66 | +4.4% | 41.81 | n/a |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone revenue from operations rose 48.1% year on year to ₹288.18 crore, while the standalone loss widened by 7.5% to ₹22.70 crore. The notes attribute the quarter's operating pressure to higher input costs for fuel, power and effluent treatment, and state that the standalone EBITDA was ₹6.86 crore.
Standalone other income was negative at ₹-9.50 crore, or -3.4% of total income. The company recorded a ₹56.85 crore unrealised, non-cash fair value loss on treasury investments under Ind AS 109, which the notes say is marked to market at the reporting date. Standalone finance costs were ₹0.76 crore, 0.3% of total income. Management expects improved realisations and profitability from dyes and dye intermediates in coming quarters, subject to the sustainability of market conditions.
Inference
The filing states that the company's paid-up equity share capital rose to ₹65.17 crore from ₹60.02 crore at 31 Mar 2026, and that standalone proceeds from conversion of share warrants were ₹93.13 crore in the half year. The board also approved a preferential issue of convertible warrants, but the filing does not say whether the warrants have been allotted, at what price or for what size.
Consolidated non-current borrowings were ₹31.74 crore at 30 Sep 2026. The filing does not give the reason for the year-ago consolidated finance costs of ₹60.52 crore, the nature of the exceptional item of ₹5,881.23 crore shown for the year ended 31 Mar 2026, or the consideration paid for the Makilala Mining stake.
Filed with BSE on . Reference: Original filing (PDF)
Disclaimer:
The information available on this article is provided for education and informational purposes only. It does not constitute or provide financial, investment or trading advice and should not be construed as an endorsement of any specific stock or financial strategy in any form or manner. We do not make any representations or warranties regarding the quality, reliability, or accuracy of the information provided. This website may contain links to third-party content. We are not responsible for the content or accuracy of these external sources and do not endorse or verify the information provided by third parties. We are not liable for any decisions made or actions taken based on the information provided on this website.
