Kanoria Chemicals posts FY26 profit of ₹11,319 crore; revenue up 30%
- Consolidated net profit turned positive to ₹11,319 crore in FY26 from a loss of ₹10,815 crore in FY25
- Operating revenue grew 30% to ₹98,143 crore driven by improved volumes and efficiencies
- EBITDA surged 90% to ₹9,379 crore with margins expanding to 9.3%
- Promoters infusing ₹49.5 crore via NCRPS to support future growth plans
*this image is generated using AI for illustrative purposes only.
Kanoria Chemicals & Industries concluded its 66th Annual General Meeting (AGM) on September 2, 2026. The meeting was held via Video Conferencing/Other Audio-Visual Means in compliance with SEBI and MCA regulations.
The company shared its AGM presentation with shareholders, revealing a significant turnaround in financial performance for FY26. Consolidated operating revenue rose 30% to ₹98,143 crore from ₹75,431 crore in FY25. Net profit swung to ₹11,319 crore from a loss of ₹10,815 crore the previous year.
Financial Performance
The improved results were driven by higher operating efficiencies and volumes. Standalone operating revenue increased by 29% to ₹87,534 crore, while EBITDA grew 52% to ₹8,158 crore. EBITDA margins expanded to 9.3% from 7.9% in FY25.
| Metric | FY26 (₹ crore) | FY25 (₹ crore) | Change |
|---|---|---|---|
| Operating Revenue | 98,143 | 75,431 | +30% |
| EBITDA | 9,379 | 4,936 | +90% |
| Net Profit | 11,319 | -10,815 | Turnaround |
The standalone entity reported an exceptional item representing a non-cash impairment loss of investments in APAG Holding AG, its erstwhile subsidiary. Additionally, the company benefited from a negative tax impact of ₹214.3 crore due to the reversal of Deferred Tax under the 'New Tax Regime'.
Subsidiary and Discontinued Operations
APAG Holding AG ceased to be a subsidiary during the year, with its results shown under Discontinued Operations. This segment included a gain on loss of control of ₹976.5 crore. Kanoria Africa Textiles PLC delivered stronger performance with operating revenue up 40% to ₹1,060.8 crore and EBITDA increasing over 14 times to ₹192.5 crore.
Meeting Proceedings
Rajya Vardhan Kanoria, Chairman, presided over the meeting. He introduced the Board of Directors and key management personnel participating via video conference. The directors present included:
- Meeta Makhan, Non-executive Independent Director and Chairperson of the Audit Committee
- Sidharth Kumar Birla, Non-executive Independent Director and Chairman of the Nomination & Remuneration Committee
- Suhana Murshed, Non-executive Independent Director and Chairperson of the Stakeholders' Relationship Committee
- Madhuvanti Kanoria, Non-executive Non-Independent Director and Chairperson of the Corporate Social Responsibility Committee
- Saumya Vardhan Kanoria, Whole-Time Director
- Sumanta Chaudhuri, Non-executive Independent Director
- Hemant Kumar Khaitan, Non-executive and Non-Independent Director
Nirmal Kumar Nolkha, Group Chief Financial Officer, and Pratibha Jaiswal, Company Secretary, also attended. The statutory auditors, Singhi & Co., secretarial auditors, MR & Associates, and scrutinizer Amit Choraria were present to oversee the process.
Resolutions Approved
The AGM transacted both ordinary and special business items. Remote e-voting was available from August 30, 2026, at 9:00 am to September 1, 2026, at 5:00 pm. Members participating in the VC could also vote during the meeting.
The following resolutions were passed:
| Resolution Type | Item Description | Status |
|---|---|---|
| Ordinary | Adoption of Audited Financial Statements for FY26 | Passed |
| Ordinary | Re-appointment of Hemant Kumar Khaitan as Director | Passed |
| Special | Re-appointment of Suhana Murshed as Independent Director for 5 years | Passed |
| Special | Ratification of Cost Auditors' remuneration for FY27 | Passed |
Pratibha Jaiswal confirmed that the requisite quorum was present and the meeting was conducted in order. The Chairman noted that the reports of the Statutory Auditors and Secretarial Auditor for the year ended March 31, 2026, contained no qualifications or adverse remarks.
Future Outlook
The company outlined its 'Vision 2030' roadmap aimed at sustainable growth. Key initiatives include diversification into specialty chemicals such as Triacetin and Penta Derivatives, which are expected to be commissioned shortly. The firm is actively pursuing capacity addition in Formaldehyde and Resin while continuing cost reduction programs.
Promoters are contributing ₹49.5 crore through a 7% Non-Convertible Redeemable Preference Shares (NCRPS) issue. However, the company highlighted threats from geopolitical situations and high tariffs as potential headwinds.
Historical Stock Returns for Kanoria Chemicals & Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.92% | -2.64% | +8.69% | +125.81% | +84.51% | +1.58% |
How will the upcoming commissioning of specialty chemical units for Triacetin and Penta Derivatives impact Kanoria's EBITDA margins in FY27 compared to the current 9.3%?
What specific mitigation strategies has management outlined to counter the projected headwinds from geopolitical instability and high tariffs on its export-oriented segments?
With APAG Holding AG now classified under discontinued operations, how will the absence of this subsidiary's volatility affect the company's future revenue growth trajectory?
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