Q1 2026 Kiri Industries Ltd Earnings Call Transcript
Key Points
- Kiri Industries Ltd (BOM:532967) reported an 8% year-on-year growth in standalone revenue, reaching INR181 crores for Q1 FY '26.
- The company's EBITDA increased to INR17.3 crores from INR13.6 crores in the same quarter of the previous year.
- Profit after tax improved significantly to INR7.2 crores from a loss of INR1.7 crores in Q1 FY '25.
- The company received dividends from Longsen Kiri, contributing notably to its other income.
- Kiri Industries Ltd demonstrated operational resilience by maintaining a strong focus on core business segments, liquidity management, and capital structure despite industry challenges.
- The dye and dye intermediate industry faced headwinds due to raw material volatility, impacting Kiri Industries Ltd.
- Net loss before accounting for the share of profit from associates and joint ventures stood at INR51.4 crores, compared to a net loss of INR1.1 crores in Q1 FY '25.
- The company incurred legal costs of around INR7 crores related to the Singapore case, impacting financials.
- Interest expenses increased to INR60 crores in the quarter, up from INR54 crores in the previous quarter.
- The company revised its annual revenue forecast downwards, citing ongoing challenges in the textile sector and realignment of export markets.
Gentlemen, good day and welcome to Kiri Industries Limited, Q1 FY '26 earnings conference call hosted by Valorem Advisors. (Operator Instructions) Please note that this conference is being recorded. And now hand the conference over to Miss. Nupur Jainkunia from Valorem Advisors.
Thank you. Good evening, everyone, and a warm welcome to you all. My name is Nupur Jainkunia from Valorem Advisors. We represent the investor relations of Kiri Industries Limited on behalf of the company. I would like to thank you all for participating in the company's earnings conference call for the first quarter of the financial year 2026.
Before we begin, I would like to mention a short cautionary statement. Some of the statements made in today's earnings call may be forward-looking in nature. Such forward-looking statements are subject to risk and uncertainties which could cause actual results to differ from those anticipated. Such statements are based on management's beliefs as well as assumptions made by the
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