Company Overview
Kriti Industries (India) Limited (BSE: 526423, NSE: KRITI) reported its financial results for FY 2025-26, showing a significant turnaround with net profit of ₹1.07-1.13 crore compared to a net loss of ₹4.27-4.50 crore in the previous year. Revenue from operations stood at ₹5,873.67 crore, while EBITDA improved to ₹391.14 crore from ₹319.77 crore.
Financial Performance
Profitability: The company achieved profit before tax of ₹23.45 crore (standalone) versus a loss of ₹63.78 crore in FY25. Earnings per share improved to ₹0.20 from a loss of ₹0.88. The debt-equity ratio improved to 0.45 from 0.54, demonstrating strengthened financial position.
Capital Structure: Paid-up equity share capital increased to ₹5.27 crore (52,696,000 shares) through conversion of 15.92 lakh warrants at ₹158.50 per share. However, ₹25.24 crore was forfeited from 63.69 lakh warrants that lapsed due to non-payment. Securities premium increased by ₹250.82 crore to ₹533.68 crore due to warrant conversions.
Significant Events
Fire Incident: A fire at the Pithampur plant in April 2022 resulted in a ₹3.78 crore insurance claim shortfall, provided as an exceptional item in the P&L statement.
Government Assistance: Madhya Pradesh Industrial Development Corporation sanctioned ₹2.73 crore as Investment Promotion Assistance, reducing the carrying cost of eligible assets.
Corporate Governance
AGM Details: The 36th Annual General Meeting is scheduled for August 12, 2026, via video conferencing. Agenda items include re-appointment of Chairman Shiv Singh Mehta, ratification of cost auditor remuneration, and adoption of financial statements.
Board Composition: The board comprises 7 directors (5 non-executive including 4 independent), with all mandatory committees constituted and proper governance mechanisms in place.
Business Developments
The board approved amalgamation of wholly-owned subsidiary Kriti Auto & Engineering Plastics Pvt. Ltd. with the company. The company maintains installed capacity of 1,49,400 TPA across 25 PVC extrusion lines and employs 498 personnel as of March 31, 2026.
Forward Outlook
The company continues to focus on its core plastics and polymers business across agricultural, building products, and industrial segments, representing 77%, 15%, and 7% of revenue mix respectively. No dividend was declared for FY26 to conserve resources for business purposes.