Kothari Products profit rises to ₹332 crore in FY26, sets Sep 30 AGM date
- Consolidated net profit turned to ₹332 crore in FY26 from a ₹940 crore loss in FY25
- Consolidated revenue grew 5.4% YoY to ₹10,098 crore driven by trading and real estate
- Standalone net profit fell 34.6% to ₹349 crore due to lower other income
- The 42nd AGM is scheduled for September 30, 2026, with no dividend recommended
*this image is generated using AI for illustrative purposes only.
Kothari Products has scheduled its 42nd Annual General Meeting for September 30, 2026, to approve its financial results for FY26. The meeting will be conducted via video conferencing at 11:30 am.
The company has uploaded its Annual Report for FY26 on its website. Shareholders without registered email addresses have been sent physical letters with the web link, complying with Regulation 36(1)(b) of the SEBI Listing Regulations.
Financial Performance
Kothari Products reported a consolidated net profit of ₹332 crore for FY26, a significant turnaround from a net loss of ₹940 crore in FY25. Consolidated revenue from operations grew 5.4% year-on-year to ₹10,098 crore, driven by growth in both trading and real estate segments.
Standalone revenue rose 8.2% to ₹3,285 crore. Standalone net profit fell 34.6% to ₹349 crore from ₹533 crore in the previous year, impacted by lower other income and higher provisions for credit losses.
| Metric | FY26 (₹ crore) | FY25 (₹ crore) | Change |
|---|---|---|---|
| Consolidated Revenue | 10,098 | 9,579 | +5.4% |
| Consolidated Net Profit | 332 | (940) | Turnaround |
| Standalone Revenue | 3,285 | 3,037 | +8.2% |
| Standalone Net Profit | 349 | 533 | -34.6% |
Segment Performance
The trading division contributed ₹99,693 crore to consolidated revenue, while the real estate segment added ₹1,235 crore through land sales. Exports accounted for ₹6,714 crore of consolidated revenue, up from ₹6,238 crore in FY25.
The board did not recommend any dividend for FY26, aiming to conserve resources for future business diversification into manufacturing.
Corporate Governance
Smt. Poonam Acharya retires by rotation at the upcoming AGM and has offered herself for re-appointment. The company held six board meetings during FY26. Statutory auditors M/s G.M. Kapadia & Co. issued an unqualified opinion on the financial statements.
What the Numbers Show
The divergence between standalone and consolidated results highlights the impact of associates. While standalone profits declined due to higher credit loss provisions (₹300 crore vs nil in FY25), the consolidated bottom line turned positive largely due to a ₹299 crore share of profits from associates, primarily SPPL Hotels Pvt Ltd, which reported a profit of ₹348 crore.
Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE823A01017/92f808c6-1c95-47db-b314-45dedcfb7da3.pdf
Historical Stock Returns for Kothari Products
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.83% | -3.05% | -1.46% | +2.94% | -13.54% | 0.0% |
How will Kothari Products' planned diversification into manufacturing impact its capital expenditure and future revenue streams?
What is the sustainability of the consolidated profit turnaround given its heavy reliance on associate profits from SPPL Hotels rather than core standalone operations?
How might the significant increase in credit loss provisions (₹300 crore) affect the company's future liquidity and risk management strategies?
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