Kothari Industrial Corporation Limited (KICL) – Q1 FY26 Results Summary (Quarter ended 30 June 2025, announced 14 August 2025)

• Auditor’s Opinion: Limited review with multiple qualifications including pending stamp duty assessment on prior asset sales, unconfirmed trade balances, unsupported revenue and expenses, unresolved GST and TDS reconciliations, and ongoing land repossession litigation.

• Financial Performance:

  • Revenue from operations: Rs 3,919.66 lakhs (Q1 FY26), up 191.5% YoY (Rs 1,344.40 lakhs in Q1 FY25) and 48.4% QoQ (Rs 2,642.02 lakhs in Q4 FY25).
  • Total income: Rs 3,951.96 lakhs.
  • Total expenses: Rs 4,143.80 lakhs.
  • Loss before tax and after tax: Rs 191.84 lakhs (compared to profit of Rs 27.46 lakhs in Q1 FY25).
  • Earnings per share (EPS): Negative Rs 0.20 (vs. positive Rs 0.22 in Q1 FY25).
  • FY25 full year showed a loss before tax of Rs 1,616.83 lakhs and EPS of (Rs 1.74), reversing from FY24 profits.

• Other Income: Significantly elevated in FY24 (Rs 6,317.50 lakhs), likely due to non-recurring items; Rs 32.30 lakhs in Q1 FY26.

• Balance Sheet Notes: No explicit updates on debt, cash reserves, or capital assets; prior sale of land and machinery to Coromandel International Ltd (Rs 4,895 lakhs and Rs 133 lakhs) pending stamp duty valuation.

• Management Commentary: None provided.

• Segment/Geographic Performance: Not disclosed.

• Capex and Corporate Activity: No new capital expenditure, acquisitions, or disposals reported in the quarter.

• Risks and Contingencies: Pending litigation on land repossession; unresolved statutory reconciliations and confirmations may affect liabilities and financial position.

• Reporting Basis: Standalone financial results prepared under IND-AS 34.

• Outlook: Not provided.