KCP Limited announced its financial results for the quarter and nine months ended December 31, 2025, demonstrating a strong operational turnaround with improved profitability across key business segments. The Board of Directors approved the unaudited standalone and consolidated financial results at their meeting held on February 13, 2026.

Standalone Financial Performance

The company's standalone operations showed remarkable improvement in Q3 FY26, marking a significant recovery from the previous year's performance.

For the nine-month period ended December 31, 2025, the company achieved substantial growth with revenue from operations reaching ₹1,129.11 crores compared to ₹1,021.23 crores in the corresponding period of FY25. The nine-month net profit stood at ₹61.99 crores, a significant improvement from the loss of ₹36.97 crores in the previous year.

Consolidated Results Show Mixed Performance

On a consolidated basis, KCP Limited reported revenue from operations of ₹614.37 crores in Q3 FY26, marginally up from ₹600.67 crores in Q3 FY25. However, consolidated net profit decreased to ₹16.58 crores from ₹30.73 crores year-on-year.

The nine-month consolidated revenue remained relatively stable at ₹1,892.41 crores compared to ₹1,894.16 crores in the previous year, while consolidated net profit for nine months was ₹154.79 crores versus ₹180.44 crores in FY25.

Segment-wise Performance Analysis

The company's diversified business portfolio showed varied performance across different segments during Q3 FY26.

Cement Segment: The cement business generated revenue of ₹318.88 crores in Q3 FY26, up from ₹297.84 crores in Q3 FY25. The segment's EBIT improved significantly to ₹13.59 crores from a loss of ₹28.15 crores in the previous year.

Heavy Engineering: This segment reported revenue of ₹29.86 crores compared to ₹30.40 crores in Q3 FY25, with EBIT showing a loss of ₹3.03 crores versus a profit of ₹1.06 crores in the corresponding quarter.

Hotel Operations: The hotel segment maintained steady performance with revenue of ₹11.08 crores in Q3 FY26 against ₹10.25 crores in Q3 FY25, generating EBIT of ₹2.63 crores.

Sugar Business (Consolidated): The sugar segment contributed ₹254.32 crores to consolidated revenue in Q3 FY26, down from ₹261.67 crores in Q3 FY25, with EBIT showing a loss of ₹13.50 crores compared to a profit of ₹36.68 crores in the previous year.

Exceptional Items and Key Highlights

The company reported exceptional items of ₹10.24 crores in Q3 FY26 on a consolidated basis, primarily due to flood-related losses at KCP Vietnam Industries Limited. The standalone results showed a gain of ₹1.87 crores related to Fuel and Power Purchase Cost Adjustment (FPPCA) notified by APERC for financial year 2024-25.

Total assets on a consolidated basis increased to ₹3,284.48 crores as of December 31, 2025, from ₹2,873.90 crores in the previous year, indicating continued business expansion and investment in operations.

KCP Limited has received rating reaffirmation from CRISIL Ratings Limited for its bank facilities and fixed deposits program. The rating review, completed on December 15, 2025, maintained the company's existing credit ratings across various debt instruments and facilities.

Rating Details and Facility Breakdown

CRISIL Ratings reaffirmed multiple ratings for KCP Limited's financial facilities. The comprehensive review covered both bank loan facilities and the company's fixed deposits program.

Bank-wise Facility Distribution

The total bank loan facilities of ₹579.96 crores are distributed across multiple banking partners. The facilities include various types of credit arrangements with different financial institutions.

Rating Significance and Risk Assessment

The CRISIL A+/Stable rating indicates that securities with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations. According to CRISIL Ratings, such securities carry low credit risk. The stable outlook suggests that the rating agency expects the company's credit profile to remain steady in the near term.

Regulatory Compliance and Disclosure

KCP Limited announced the rating reaffirmation through a regulatory filing under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company's communication was addressed to both the National Stock Exchange of India Limited (NSE) and Bombay Stock Exchange Ltd (BSE) on December 16, 2025.

The rating rationale and detailed analysis can be accessed through CRISIL's official website. As per the rating agreement, CRISIL Ratings will continue to keep these ratings under surveillance throughout the life of the instruments and facilities, with the right to withdraw or revise ratings based on new information or changing circumstances.

CRISIL Ratings reaffirmed KCP Limited's credit ratings on December 15, 2025, maintaining CRISIL A+/Stable for long-term facilities worth ₹579.96 crores and CRISIL A1 for short-term facilities.