Kesoram Industries Limited held a Board Meeting on July 31, 2026, which commenced at 3:00 p.m. and concluded at 4:30 p.m. The Board approved the Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter ended June 30, 2026, pursuant to Regulation 33 of SEBI Listing Obligations and Disclosure Requirements (LODR).
Standalone Financial Results (₹ lakhs)
- Total Income: ₹14.35 lakhs for Q1 FY27 (compared to ₹425.37 lakhs in previous quarter and ₹1,131.00 lakhs in Q1 FY26)
- Total Expenses: ₹301.93 lakhs for Q1 FY27
- Loss before tax: ₹(287.58) lakhs for Q1 FY27 (compared to profit of ₹227.15 lakhs in previous quarter and loss of ₹(12,741.07) lakhs in Q1 FY26)
- Tax expense: ₹(43.90) lakhs (previous period tax credit)
- Net Loss: ₹(243.68) lakhs for Q1 FY27
- Other comprehensive loss: ₹(18.22) lakhs
- Total comprehensive loss: ₹(261.90) lakhs
- Paid-up equity share capital: ₹31,066.37 lakhs (face value ₹10 per share)
- Basic and Diluted EPS: ₹(0.08) per share
Consolidated Financial Results (₹ lakhs)
- Revenue from operations: ₹7,766.07 lakhs for Q1 FY27
- Other income: ₹57.93 lakhs
- Total Income: ₹7,824.00 lakhs
- Total Expenses: ₹9,886.83 lakhs
- Loss before exceptional items and tax: ₹(2,062.83) lakhs
- Exceptional items: Nil (compared to ₹4,809.32 lakhs in previous quarter)
- Loss before tax: ₹(2,062.83) lakhs
- Tax expense: ₹(43.90) lakhs (previous period tax credit)
- Net Loss: ₹(2,018.93) lakhs
- Other comprehensive loss: ₹(18.22) lakhs
- Total comprehensive loss: ₹(2,037.15) lakhs
- Paid-up equity share capital: ₹31,066.37 lakhs
- Basic and Diluted EPS: ₹(0.65) per share
Key Notes and Disclosures
- The Group incurred losses during Q1 FY27 amounting to ₹2,062.83 lakhs due to lower capacity utilization and higher costs
- During previous year ended March 31, 2026, certain members of Promoter/Promoter Group entered into a Share Purchase Agreement dated December 04, 2025 with Frontier Warehousing Limited to sell 13,29,69,279 equity shares representing 42.80% of share capital
- The Acquirer has complied with Open Offer requirements and is in process of completing the SPA
- Frontier Warehousing Limited has provided a letter of support to the Company to provide financial assistance to cover all liabilities falling due in foreseeable future
- The financial statements have been prepared on a going concern basis based on this support
- The Group has a single reportable segment: Rayon, Transparent Paper and Chemicals
- Share of profit/loss from joint venture (Gondkhari Coal Mining Limited) is Nil for all periods
- The financial results were reviewed by the Audit Committee and recommended for adoption to the Board
- Statutory auditors Walker Chandiok & Co LLP issued unmodified review opinions on both standalone and consolidated results
- Figures for previous periods have been regrouped/reclassified where necessary
Exceptional Items History
- The Company recognized impairment provisions of ₹24,809.32 lakhs and ₹715,619.32 lakhs in previous periods for investment in and loan to Cygnet Industries Limited
- The Board waived interest of ₹4,424.06 lakhs for quarter ended June 30, 2025 on loans to subsidiary
- Provision of ₹4,172.11 lakhs was recognized on remeasurement of KSPF unit factory land in Q1 FY25
- Cygnet Industries Limited reversed impairment provision of ₹4,809.32 lakhs in Q4 FY26 relating to its land