Q2 2026 Kiri Industries Ltd Earnings Call Transcript
Key Points
- Kiri Industries Ltd (BOM:532967) reported a 34% year-on-year growth in standalone revenue for Q2 FY26, indicating strong sales momentum.
- The company achieved improved capacity utilization across key product categories, demonstrating operational efficiency.
- Kiri Industries Ltd's joint venture, Longsheng Kiri Chemical Industries Limited, sustained healthy operational performance with improved capacity utilization and steady domestic demand.
- The company is advancing its strategic diversification initiatives, including the development of an integrated copper and fertilizer complex, which aligns with India's industrial and agricultural growth ambitions.
- The Indo-Asia Copper Limited project has achieved significant milestones, including environmental clearances and the initiation of site development, underscoring the company's commitment to sustainability.
- Kiri Industries Ltd reported an EBITDA loss of 10 crore and a net loss of 21 crore for Q2 FY26, primarily due to elevated legal expenses and higher operating costs.
- The company's profitability was impacted by continued legal costs associated with ongoing litigation, which are non-operational and non-recurring in nature.
- Consolidated performance was affected by higher finance costs and elevated input costs during the quarter.
- The ongoing DSar case has led to significant legal expenses and uncertainty, with multiple extensions granted for the transaction completion.
- The volatility in raw material prices, particularly fluctuations in naphthalene-based feedstocks and other petrochemical derivatives, continues to affect the intermediates segment.
Ladies and gentlemen, good day and welcome to Q2 and H1 FY26 earnings conference call of Kiri Industries Limited. (Operator Instructions)
I now hand the conference over to Ms. Purvangi Jain from Valorem Advisors. Thank you, and over to you, ma'am.
Good evening everyone and a warm welcome to you all. My name is Parangi Jan from Barism Advisors.
We represent the investor relations of Kitty 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 second quarter and first half of the financial year 226.
Before we begin, let me 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 belief as well as assumptions made by and information currently
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