Kriti Industries (India) Limited has filed its earnings presentation for Q3/9M-FY26 under Regulation 30 of SEBI listing regulations on February 7, 2026. The company submitted the comprehensive presentation to both BSE Limited and National Stock Exchange of India Limited, providing detailed financial highlights and operational performance metrics.

Regulatory Filing Details

The company filed the earnings presentation under reference KIIL/SE/2025-26 dated February 7, 2026, addressing both major stock exchanges where its shares are listed. Company Secretary and Compliance Officer Aditi Randhar digitally signed the filing, which has also been placed on the company's website for investor access.

Q3FY26 Financial Performance

The earnings presentation reveals that Kriti Industries reported consolidated operational income of ₹1,358 Mn for Q3FY26, representing a 35.3% decline from ₹2,099 Mn in Q3FY25. The company achieved an EBITDA of ₹56 Mn with a margin of 4.12%, marking a significant improvement from the negative EBITDA of ₹14 Mn in the corresponding previous quarter.

Nine Months Performance Overview

For the nine months ended December 31, 2025, the company reported consolidated operational income of ₹4,456 Mn compared to ₹5,844 Mn in 9M-FY25, reflecting a 23.8% decline. EBITDA for the period stood at ₹166 Mn with a margin of 3.73%, while the company reported a net loss of ₹29 Mn.

Operational Highlights

The presentation shows total sales volumes of 13,992 MT for Q3FY26, reflecting a 29% decline compared to the same period last year. The Agriculture segment contributed 11,790 MT with a 29% year-on-year decline, while Building Products delivered 2,041 MT, showing a 10% decline. The Industrial Solutions segment recorded volumes of 161 MT, reflecting a sharp year-on-year decline.

Segmental Revenue Distribution

For 9M-FY26, the Agriculture segment dominated with 79% of total revenue, followed by Building Products at 13%, Industrial Solutions at 7%, and Micro-Irrigation at 1%. The company operates through a strong distribution network of 490 dealers across 16 high-growth states in India, with retail sales accounting for over 85% of revenues.

Manufacturing and Market Position

Kriti Industries operates from its state-of-the-art facility at Pithampur, Madhya Pradesh, which is the largest single-location polymer pipe manufacturing plant in India with a total capacity of 1,49,400 TPA. The facility features 25 extrusion lines for PVC pipes, 16 extrusion lines for HDPE & Drip, and 30 injection moulding machines, serving multiple sectors including agriculture, industrial solutions, building products, and micro-irrigation.

Kriti Industries (India) has announced the cancellation of a substantial number of convertible warrants following their non-conversion by warrant holders. The company's decision affects a significant portion of its outstanding warrants and results in the forfeiture of considerable upfront payments.

Warrant Cancellation Details

The company has cancelled 63,69,000 convertible warrants that remained unconverted by the designated conversion period. This cancellation represents a substantial portion of the company's warrant program and indicates that warrant holders chose not to exercise their conversion rights.

Financial Impact

The cancellation has resulted in the forfeiture of ₹25.24 crore in upfront amounts that were paid by warrant holders at the time of allotment. This sum will now be retained by the company, providing additional funds to its treasury. The forfeited amount represents the premium paid by investors for the option to convert warrants into equity shares at a predetermined price.

Corporate Action Implications

The warrant cancellation affects the company's potential equity dilution, as the 63,69,000 warrants will no longer be available for conversion into equity shares. This development means that the company's share capital will not increase from these particular warrants, and existing shareholders will not face dilution from this source. The retention of the upfront payment strengthens the company's financial position without the corresponding increase in share capital that would have occurred upon conversion.