Khaitan Chemicals Reports Strong Q1 Turnaround with 214M Rupees Net Profit, Acquires Stake in Solar Power Company
Khaitan Chemicals & Fertilizers Limited (KCFL) reported a net profit of 214 million rupees in Q1, compared to a loss of 167 million rupees in the same period last year. Revenue grew to 2.34 billion rupees from 1.30 billion rupees. The company also announced a strategic move into renewable energy by acquiring a 26% stake in KRSKA Solar Private Limited for 3.79 million rupees. This acquisition aims to optimize energy costs and reduce carbon footprint, with KCFL planning to consume 85% of the power generated by the solar plant.
23Jul 25
Khaitan Chemicals Approves Quarterly Results and Acquires 26% Stake in Solar Power Company
Khaitan Chemicals & Fertilizers Limited (KCFL) has approved the acquisition of a 26% stake in KRSKA Solar Private Limited for ₹3,793,220. The investment includes 1,333 equity shares and 377,989 Optionally Convertible Redeemable Preference Shares. This strategic move aims to procure renewable power, meet regulatory requirements, reduce grid dependency, optimize energy costs, and decrease carbon footprint. KRSKA Solar, incorporated in 2022, has developed a grid-connected solar power plant in Madhya Pradesh and plans to supply 85% of generated power to KCFL within 2-3 months of equity infusion completion.
24Apr 25
Khaitan Chemicals & Fertilizers Reports Q4 Profit, Appoints New Auditors
Khaitan Chemicals & Fertilizers Limited (KCFL) reported a net profit of ₹86 million in Q4 FY2025, reversing a loss of ₹374 million from the previous year. Revenue surged to ₹1,610 million. For FY2024-25, the company posted a net loss of ₹1,308.99 million on revenue of ₹72,102.88 million. The board did not recommend a dividend due to financial constraints. New appointments were made for Secretarial, Cost, and Internal Auditors. Mr. Jagdish Lal Jajoo's tenure as Whole-Time Director ended. Outstanding borrowings increased to ₹2,041.60 million, with a credit rating of IND BBB/Stable/IND A3+.
23Apr 25
Khaitan Chemicals & Fertilizers Swings to Profit in Q4 FY2023, Appoints New Auditors
Khaitan Chemicals & Fertilizers Limited (KCFL) reported a net profit of 86 million rupees in Q4 FY2023, reversing a loss of 374 million rupees from the previous year. Revenue increased to 1.61 billion rupees from 508 million rupees. The company appointed new secretarial auditors, cost auditor, and internal auditor. Mr. Jagdish Lal Jajoo's tenure as Whole-Time Director ended. Outstanding qualified borrowings rose from 24.39 crore to 204.16 crore rupees. No dividend was recommended due to working capital challenges and lack of profit.