Financial Performance Overview
KAMA Holdings Limited reported strong financial results for FY 2025-26, with standalone net profit increasing 24.6% to ₹131.36 crore and consolidated net profit surging 47% to ₹184.44 crore. The consolidated revenue grew 7.4% to ₹15,92,977.33 lakhs, driven primarily by robust performance in the chemicals and packaging films businesses. The group recognized a one-time charge of ₹8,682.74 lakhs related to the implementation of new labor codes, comprising past service costs for gratuity and long-term compensated absences.
Dividend Distribution and Corporate Actions
The company declared two interim dividends totaling ₹133.02 crore - first interim dividend of ₹18.25 per share (182.5%) paid on September 11, 2025, and second interim dividend of ₹23.20 per share (232%) paid on April 9, 2026. The 26th Annual General Meeting is scheduled for September 1, 2026, to be held virtually, with agenda items including adoption of financial statements and re-appointment of Mr. Ashish Bharat Ram as director.
Subsidiary Performance and Investments
SRF Limited (50.21% holding) remained the material subsidiary, contributing significantly to group performance across technical textiles, chemicals, and packaging films segments. Other subsidiaries include SRF Transnational Holdings Ltd (NBFC activities), Shri Educare Limited (education services managing K-12 schools), and KAMA Realty (Delhi) Limited. Total investments stood at ₹42,872.09 lakhs with loans to subsidiaries at ₹41,853.61 lakhs.
Corporate Governance and Board Structure
The board comprises Mr. Kartik Bharat Ram as Chairman, Mr. Ashish Bharat Ram as Director (seeking re-appointment), Ms. Ekta Maheshwari as Whole-time Director, CFO & Company Secretary, and independent directors including Mr. Sanjay Kapoor, Mr. Gagan Mehta, and Ms. Shalini Gupta. Seven board meetings were held during the year with all directors attending majority meetings.
Auditor Findings and Compliance
Auditors V Sahai Tripathi & Co. issued an unmodified opinion on both standalone and consolidated financial statements. However, they highlighted audit trail functionality issues at subsidiary SRF Limited, where for certain tables and accounting software, the audit trail feature was not enabled for significant periods during the year, indicating control deficiencies requiring remediation.
Segment Performance and Outlook
The group operates in four reportable segments: Technical Textiles Business (₹1,87,700.27 lakhs revenue), Chemicals Business (₹7,77,896.49 lakhs revenue, ₹2,26,287.22 lakhs profit), Performance Films & Foil Business (₹5,76,423.20 lakhs revenue), and Others. The education business plans expansion by adding 4 K-12 schools and 2 pre-schools in 2026-27, while the company continues consolidation of stake in SRF Limited and other subsidiaries.
Key Ratios and Shareholding
Return on Net Worth improved to 20.36% from 16.29% in the previous year, attributed to higher dividend income. Promoter holding remains at 75% through ABR Family Trust, with public holding at 25% and 99.93% of shares in dematerialized form. The company maintained adequate internal financial controls and confirmed compliance with all applicable SEBI regulations and Companies Act provisions.