Kiri Industries Limited — Investor Meet, 03-06-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Kiri Industries closed FY26 with standalone revenue at Rs.778 Cr (+19% YoY) and adjusted consolidated EBITDA at Rs.127 Cr. A tax provision of Rs.160 Cr was paid on the DyStar award, with the majority of the award deemed tax-exempt. The integrated copper and fertilizer project is progressing, having spent Rs.2,500 Cr, with a total CAPEX estimated at Rs.13,000 Cr by FY29. Phased operations will commence from April 2027, targeting over Rs.40,000 Cr revenue in FY27-28. Project debt could reach Rs.8,000-9,000 Cr by FY28, with a three-year principal moratorium. The dyes business targets Rs.1,000 Cr revenue for FY27. Management expresses confidence in growth and value creation, reserving cash for project funding; no dividend is declared this year.