Kiri Industries Limited — Investor Meet, 14-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Kiri Industries reported an exceptional gain of INR 5,854 crore in Q3 FY26 from the DyStar resolution. Management is deploying these funds into a large-scale copper and fertilizer project, prioritizing long-term value creation over immediate dividends. Standalone revenue was INR 162 crore, consolidated revenue INR 174 crore, both impacted by subdued demand. The copper project's Phase 1 is targeted for April 2027, with expected FY27-28 revenue of INR 20,000-25,000 crore and EBITDA of INR 1,200-1,500 crore. Total CAPEX is INR 12,000-13,000 crore, funded by equity and debt. The focus is on import substitution with high environmental standards. Existing dyes business faces challenging markets. Management expresses confidence in the new ventures' transformative potential.