Kanoria Chemicals & Industries Limited reported a standalone net loss of ₹767.00 lakhs for Q1 FY26, compared to a profit of ₹64.00 lakhs in Q1 FY25. The company's revenue increased to ₹18,658.00 lakhs from ₹16,168.00 lakhs year-on-year. The Electronic Automotive segment suffered a loss of ₹968.00 lakhs. An exceptional item of ₹1,064.00 lakhs was recorded due to impairment of investment in APAG Holding AG. The Board approved a plan to reduce stake in APAG Holding AG from 55% to 14.3% through a USD 19.38 million transaction with strategic investors.
29Jul 25
Kanoria Chemicals to Divest Entire Stake in Apag Holding AG
Kanoria Chemicals & Industries Limited (KCIL) has approved the divestment of its 100% equity stake in subsidiary APAG Holding AG, Switzerland. The transaction will occur in two tranches: first, new investors will inject $19.38 million for a 63% stake, diluting KCIL's holding to 14.3%. In the second tranche (FY 2029-30), KCIL will transfer its remaining stake. Last year, APAG contributed 50.26% to KCIL's consolidated total income and -6.33% to consolidated net worth. The deal, subject to shareholder approval, is expected to complete by September 2025.
Kanoria Chemicals & Industries saw an 18.8% increase in revenue to ₹4.30 billion in Q4, but faced profitability challenges. EBITDA decreased by 40.7% to ₹169.90 million, with the EBITDA margin falling to 3.94%. The company reported a loss before tax of ₹85.00 million, compared to a profit of ₹24.40 million in the previous year. Consolidated net loss widened to ₹363.80 million from ₹93.00 million year-over-year. An exceptional item of ₹294.40 million was noted, contributing to the financial strain.
16Apr 25
Kanoria Chemicals Expands Global Footprint with New Subsidiaries in Germany and Canada
Kanoria Chemicals and Industries Limited (KCIL) has established two new subsidiaries through its step-down subsidiary CoSyst Control Systems GmbH. Adapt Control Systems GmbH in Germany and Adapt Control Systems Inc. in Canada will focus on developing electronic devices for the automotive industry. The German subsidiary has a capital of 25,000 EURO, while the Canadian subsidiary has an authorized capital of 10,000 CAD. This strategic move aims to strengthen KCIL's international presence, provide direct access to European and North American markets, and position the company in the high-growth automotive electronics sector.