Kiri Industries Limited · NSE:KIRIINDUS
Kiri Industries — Q2/H1-FY26 Earnings Presentation
24 slides from Kiri Industries's earnings presentation, Nov 7, 2025
Slide 1: Submission letter to stock exchanges for earnings presentation
November 07, 2025 To, To, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Mumbai- 400 001 Bandra (E), Mumbai - 400 051 Scrip Code: 532967 Scrip ID - KIRIINDUS Dear Sir/Madam, Sub: Submission of Earnings Presentation
Slide 2: Q2/H1-FY26 Earnings Presentation
Q2/H1-FY26|EARNINGS PRESENTATION
Slide 3: Company Overview
Company Overview Consolidated Revenue Break-up (INR Mn) 1,876 2,020 2,115 1,233 5,524 4,659 4,791 2,922 • Established in 1998, Kiri Industries Limited (KIL), is based out of Gujarat and has emerged as one of FY23 FY24 FY25 H1-FY26 the largest manufacturers and exporters of a wide range of Dyes, Dyes
Slide 4: About DyStar
About DyStar • The DyStar Group is a leading dyestuff and chemical manufacturer and solution provider, offering a broad portfolio of colorants, specialty chemicals, and services to customers across the globe. • With a heritage of more than a century in product development and innovation for the text
Slide 5: History
History 1995 2002 2007 2012 2016 FOUNDATION ACQUISITION: ACQUISITION: FOUNDATION: ACQUISITION: DyStar was founded in 1995 as a joint JOINT Color Texanlab Sustainable Emerald VENTURE OF: Solutions Textile Performance venture between Hoechst AG and Bayer AG and International Solutions Materials Bayer
Slide 6: Strategic Expansion: Copper & Fertilizer Integration
Strategic Expansion: Copper & Fertilizer Integration Company is expanding into the integrated copper smelting and fertilizer sector through its subsidiary Indo Asia Copper Ltd., marking a significant step in diversification beyond dyes and chemicals. This expansion is aligned with India’s self-relia
Slide 7: Opportunity in copper and Fertilizer Industry in India
Opportunity in copper and Fertilizer Industry in India Unlocking India’s Copper Potential Transforming By-products into Agricultural Value • Global copper demand was 25.9 Mn MT in 2024 and is expected to grow by • Fertilizers are critical for sustainable agriculture and food security, ~50% in the ne
Slide 8: Financial Highlights
Financial Highlights Q2-FY26 Financial Highlights (Consolidated) Q2-FY26 Financial Highlights (Standalone) Operational Operational EBITDA* EBITDA Margin* EBITDA EBITDA Margin Revenue Revenue INR (136) Mn (6.37)% INR (143)Mn (7.35)% INR 2,134 Mn INR 1,946 Mn Net Profit* PAT Margin* Diluted EPS Net Pr
Slide 9: Q2/H1-FY26 Operational Highlights
Q2/H1-FY26 Operational Highlights Consolidated: • The Company delivered another quarter of consistent top-line growth, recording revenues of INR 2,134 Mn in Q2-FY26, reflecting 6% sequential growth and a solid 23% Y-o-Y increase. This performance underscores our strong market positioning, resilient
Slide 10: Update on DyStar court case in Singapore
Update on DyStar court case in Singapore • As per terms of the Share Purchase Agreement dated 29 May 2025, the Purchaser had agreed to acquire 2,623,354 equity shares, representing 37.57% of the paid-up share capital of DyStar Global Holdings (Singapore) Pte. Ltd. (“DyStar”), held by the Company, fo
Slide 11: Q2/H1-FY26 Financial Highlights
Q2/H1-FY26 FINANCIAL HIGHLIGHTS 10
Slide 12: Q2-FY26 Standalone Income Statement
Q2-FY26 Standalone Income Statement PARTICULARS (INR Mn) Q2-FY26 Q2-FY25 Y-o-Y Q1-FY26 Q-o-Q Revenue from Operations 1,946 1,450 34.2% 1,808 7.6% Total Expenses 2,089 1,507 38.6% 1,974 5.8% EBITDA (143) (57) NA (166) (13.9)% EBITDA Margins (%) NA NA NA NA NA Other Income 43 29 48.3% 340 (87.4)% Depr
Slide 13: H1-FY26 Standalone Income Statement
H1-FY26 Standalone Income Statement PARTICULARS (INR Mn) H1-FY26 H1-FY25 Y-o-Y Revenue from Operations 3,754 3,130 19.9% Total Expenses 4,062 3,192 27.3% EBITDA (308) (62) NA EBITDA Margins (%) NA NA NA Other Income 383 170 NA Depreciation 231 220 5.0% Finance Cost 14 137 (89.8)% PBT (170) (249) (31
Slide 14: Q2-FY26 Consolidated Income Statement
Q2-FY26 Consolidated Income Statement PARTICULARS (INR Mn) Q2-FY26 Q2-FY25 Y-o-Y Q1-FY26 Q-o-Q Revenue from Operations 2,134 1,730 23.4% 2,021 5.6% Total Expenses 2,270 1,776 27.8% 2,184 3.9% EBITDA (136) (46) NA (163) (16.6)% EBITDA Margins (%) NA NA NA NA NA Other Income 6 26 (76.9)% 348 (98.3)% D
Slide 15: H1-FY26 Consolidated Income Statement
H1-FY26 Consolidated Income Statement PARTICULARS (INR Mn) H1-FY26 H1-FY25 Y-o-Y Revenue from Operations 4,156 3,564 16.6% Total Expenses 4,455 3,609 23.4% EBITDA (299) (45) NA EBITDA Margins (%) NA NA NA Other Income 354 168 NA Depreciation 232 220 5.5% Finance Cost 1,201 233 NA PBT (1,378) (330) N
Slide 16: Historical Financials
HISTORICAL FINANCIALS 15
Slide 17: Historical Standalone Income Statement
Historical Standalone Income Statement PARTICULARS (INR Mn) FY23 FY24 FY25 H1-FY26 Revenue from Operations 6,015 6,334 6,556 3,754 Total Expenses 7,106 6,967 6,993 4,062 EBITDA (1,091) (633) (437) (308) EBITDA Margins (%) NA NA NA NA Other Income 234 366 1,053 383 Depreciation 441 442 445 231 Financ
Slide 18: Standalone Balance Sheet
Standalone Balance Sheet PARTICULARS (INR Mn) FY24 FY25 H1-FY26 PARTICULARS (INR Mn) FY24 FY25 H1-FY26 Equity 3,971 7,203 7,856 Non Current Assets 7,391 7,930 7,711 Equity Share Capital 518 556 600 a) Property, Plant and Equipment 4,369 4,715 4,624 Other Equity 3,453 6,647 7,256 b) Right of Use Asse
Slide 19: Historical Consolidated Income Statement
Historical Consolidated Income Statement PARTICULARS (INR Mn) FY23 FY24 FY25 H1-FY26 Revenue from Operations 6,679 7,086 7,400 4,156 Total Expenses 7,743 7,681 7,940 4,455 EBITDA (1,064) (595) (540) (299) EBITDA Margins (%) NA NA NA NA Other Income 234 366 1,149 354 Depreciation 455 456 445 232 Fina
Slide 20: Consolidated Balance Sheet
Consolidated Balance Sheet PARTICULARS (INR Mn) FY24 FY25 H1-FY26 PARTICULARS (INR Mn) FY24 FY25 H1-FY26 Equity 27,837 32,466 32,792 Non Current Assets 31,286 40,397 45,570 Equity Share Capital 518 556 600 a) Property, Plant and Equipment 4,369 8,047 8,862 Other Equity 27,319 31,910 32,192 b) Right
Slide 21: Consolidated Financial Highlights
Consolidated Financial Highlights Operational Revenue (INR Mn) EBITDA (INR Mn)* &EBITDA Margins (%)* PAT (INR Mn)* & PAT Margins (%)* 7,086 7,400 6,679 FY23 FY24 FY25 H1-FY26 FY23 FY24 FY25 H1-FY26 4,156 (299) (595) (540) (7.19)% -913 (8.40)% -1,084 (7.30)% -1,309 (12.88)% (14.65)% (1,064) (19.93)%
Slide 22: Capital Market Data
Capital Market Data Share Price up to 30th September, 2025 150% 100% 50% 0% -50% Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 Jul-25 Aug-25 Sep-25 Kiri Sensex Price Data (As on 30th September 2025) INR Shareholding Pattern (As on 30th September 2025) Face Value 10.00 Market Price 5
Slide 23: Disclaimer
Disclaimer Kiri Industries Limited Disclaimer: The information contained in this presentation is only current as of its date. All actions and statements made herein or otherwise shall be subject to the applicable laws and regulations as amended from time to time. There is no representation that all
Slide 24: Thank You
Kiri Industries Limited Fienre fall of Colors THANK YOU