Kiri Industries Reports 8% Revenue Growth in Q1 FY26, DyStar Sale Expected by October 2025
Kiri Industries Limited (KIL) reported 8% YoY growth in standalone revenue to Rs. 181.00 crores for Q1 FY26. EBITDA improved to Rs. 17.30 crores, and the company turned profitable with Rs. 7.20 crores PAT. Consolidated revenue grew 10% to Rs. 202.00 crores. The DyStar sale agreement for $696.00 million is progressing as planned. KIL is developing a copper project at Pipavav Port, expecting partial operations in FY27 with Rs. 12,000.00 crores target revenue. Management revised revenue guidance downward by 20% due to industry headwinds. The company plans to invest half of the DyStar sale proceeds into the copper project.
12Aug 25
Kiri Industries Promoters Boost Stake to 13.64% Through Warrant Conversion
Kiri Industries Limited's promoter group has increased their stake from 6.82% to 13.64% by converting warrants into 4,393,592 equity shares. This conversion has expanded the company's equity share capital from Rs. 556.29 crore to Rs. 600.23 crore, representing a 7.9% increase in outstanding shares. The transaction, involving key promoters like Manishkumar P Kiri, was disclosed in compliance with SEBI regulations.
Kiri Industries reported a 10.2% increase in Q1 consolidated revenue to ₹202.10 crore, but faced a significant net loss of ₹51.40 crore. The company's performance was affected by pricing pressures, increased raw material costs, and legal expenses. Despite challenges, Kiri Industries achieved a standalone net profit of ₹7.20 crore. The company has agreed to sell its 37.57% stake in DyStar to Zhejiang Longsheng Group for USD 676.26 million, with the transaction expected to complete by October 2, 2025.
08Aug 25
Kiri Industries Establishes $5 Million Step-Down Subsidiary in China
Kiri Industries Limited (KIL) has incorporated a new step-down wholly owned subsidiary, Shanghai Claronex Technology Co Ltd, in China with a registered capital of $5.00 million. The subsidiary, established on July 31, 2025, through Claronex Holdings Pte. Ltd., will focus on technical services, engineering management, consultancy, trading, and allied activities. KIL aims to explore future business opportunities and expand operations in the Chinese market through this strategic move.
06Jun 25
Kiri Industries Secures $676.3 Million Deal, Sells DyStar Stake to Longsheng
Kiri Industries Ltd has agreed to sell its 37.57% stake in DyStar to Longsheng for $676.30 million. The deal includes a potential additional payment of $20.30 million, subject to certain conditions. This transaction resolves a long-standing issue for Kiri Industries and could significantly impact its financial position and future strategic direction.
30May 25
Kiri Industries: Q4 Loss Widens to ₹84.6 Crore, Sells DyStar Stake for $676 Million
Kiri Industries' Q4 results show a 6.5% revenue decline to ₹205.00 crore and a significantly widened net loss of ₹84.60 crore. The company has agreed to sell its 37.57% stake in DyStar to Zhejiang Longsheng Group for $676.26 million, with a potential additional payment of $20.29 million.