Kiri Industries Limited — PPTs, 30-05-2026: Investor Presentation

Kiri Industries has resolved the DyStar dispute, securing USD 689 million, which significantly strengthens its balance sheet. This capital marks a new strategic phase for industrial growth.

**1. Business Performance:** For FY26, consolidated operational revenue rose 13.5% YoY to INR 839.6 Cr. Net Profit reached INR 5,379.3 Cr, primarily due to exceptional income from the DyStar resolution. In Q4 FY26, consolidated revenue grew 22.2% YoY to INR 250.5 Cr. Standalone adjusted EBITDA for Q4 was positive at INR 13.3 Cr, reflecting improving operations despite raw material costs. Dyes Intermediates (52%) and Dyes (33%) were major revenue contributors.

**2. Growth Drivers or Strategy:** The company is diversifying into copper smelting and refining (500,000 MTPA capacity) and fertilizer manufacturing (1,050,000 MT capacity) through new subsidiaries. This strategy aims for import substitution in India's high-demand copper market and integrated value-chain benefits.

**3. Recent Developments:** Construction has commenced on the integrated copper and fertilizer projects in Jafrabad, Gujarat, targeting a 36-month completion from October 2025. Engineering and procurement for copper plants and refinery, along with infrastructure development, are on track.

**4. Key Financial Metrics:** FY26 Consolidated Net Profit: INR 5,379.3 Cr; Diluted EPS: INR 900.91. Q4 FY26 Consolidated Revenue: INR 250.5 Cr; Net Profit: INR 498.5 Cr.

**5. Management Commentary / Outlook:** The total project cost is estimated at INR 13,300 Cr (INR 4,000 Cr equity planned, INR 1,036 Cr infused), with projected IRR of ~25% and ROE of 22-30%. The company plans multi-decade industrial expansion leveraging India's demand for metals and agri-inputs.