Kiri Industries Ltd
Kiri Industries Q3 FY26 earnings call: Revenue & Margins
Q3 FY26 earnings call: what management said on revenue, margins and capex.
Guidance rank: #3 of 71 in Chemicals & Petrochemicals
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The short version
Indo Asia Copper Ltd expects first-phase operations from April 2027 with revenues between INR 20,000 crore to INR 25,000 crore, covering about half of full operations revenue (Page 6). For FY 2027-28, EBITDA from the copper plant is expected to be between INR 1,200 crore to INR 1,500 crore.
From Kiri Industries Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Indo Asia Copper Ltd expects first-phase operations from April 2027 with revenues between INR 20,000 crore to INR 25,000 crore, covering about half of full operations revenue (Page 6).
- Fertilizer business operations and revenue are projected to start fully by September-December 2028 (Page 6).
- Copper smelting plant aims for 5 lakh tonnes production initially, with 3.2 lakh tonnes converted into value-added products like rods and tubes (Page 15).
- The company plans steady scale-up in fertilizer product trading from 1 lakh tonnes in 2026 to higher volumes over 3 years (up to 3-4 lakh tonnes by 2028) (Page 17).
2 more points from Kiri Industries Ltd's call on revenue
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Profitability & Margins
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Capital Expenditure Plans
- Kiri Industries is undertaking a large greenfield integrated copper and fertilizer project with a combined CAPEX of approximately INR 12,000 to 13,000 crores over FY 2026-27 and FY 2027-28.
- The copper smelter project includes capacity for copper rod and tube production, with major equipment orders placed and construction underway.
- Fertilizer project involves producing phosphatic fertilizers (DAP and NPK) using spent sulfuric acid from smelting as feedstock, targeting import substitution.
- Financial closure expected by March 2026; funding planned through a mix of equity (around 35%) and debt (around 65%).
- The company has already infused close to INR 1,100 crore equity in the project as of early 2024.
2 more points from Kiri Industries Ltd's call on capex
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Top-ranked in Chemicals & Petrochemicals
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
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Kiri Industries Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q3 FY26): revenue ₹174 Cr, net profit ₹5.0K Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Kiri Industries Ltd's management said in earlier quarters
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Potential multibaggers · Q2 FY27
Potential multibaggers in Chemicals & Petrochemicals
on management's own guidance
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Kiri Industries Ltd Q3 FY26 results?
Indo Asia Copper Ltd expects first-phase operations from April 2027 with revenues between INR 20,000 crore to INR 25,000 crore, covering about half of full operations revenue (Page 6). For FY 2027-28, EBITDA from the copper plant is expected to be between INR 1,200 crore to INR 1,500 crore.
What is Kiri Industries Ltd share price analysis?
Kiri Industries Ltd currently shows a neutral. The stock trades at a P/E of 3.3 with a market cap of ₹2,681 Cr. Investors should review the full earnings analysis for detailed insights.
Is Kiri Industries Ltd planning capital expenditure?
Kiri Industries is undertaking a large greenfield integrated copper and fertilizer project with a combined CAPEX of approximately INR 12,000 to 13,000 crores over FY 2026-27 and FY 2027-28.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.