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Kriti Nutrients to Seek Shareholder Approval for Power Generation Business Expansion at EGM
Kriti Nutrients Limited has scheduled an Extra Ordinary General Meeting (EGM) on March 20, 2026, to seek shareholder approval for significant amendments to its Memorandum and Articles of Association. The company intends to expand its business scope to include the generation, distribution, and sale of power from conventional and renewable sources such as solar, wind, and biomass. This move allows the company to establish power plants for both captive consumption to reduce operational costs and for commercial sale to external parties. The meeting will be conducted via video conferencing, reflecting a strategic pivot towards energy infrastructure.
Key Highlights
EGM scheduled for March 20, 2026, to approve alterations in the Memorandum of Association (MOA) and Articles of Association (AOA).
Proposed insertion of Clause 35A in MOA to enable business in solar, wind, biomass, and hydrogen energy sectors.
New Article 92 to be added to AOA, authorizing the Board to acquire or build power facilities for captive or commercial use.
The expansion covers a wide range of technologies including thermal, hydel, and fuel cell technology.
Facility for participation at the EGM through VC/OAVM will be available for up to 1,000 members.
💼 Action for Investors
Investors should view this as a strategic move towards energy self-sufficiency and potential revenue diversification; monitor future announcements regarding specific CAPEX for power projects.
Kriti Industries to Seek Shareholder Approval for Entry into Power Generation Sector
Kriti Industries has scheduled an Extraordinary General Meeting (EGM) on March 20, 2026, to seek shareholder approval for amending its Memorandum and Articles of Association. The proposed changes will enable the company to enter the power generation, transmission, and distribution business, focusing on both conventional and renewable sources like solar and wind. This move allows the company to establish power plants for captive consumption to reduce costs or for commercial sale to diversify revenue. The expansion indicates a strategic shift towards the energy sector and infrastructure development.
Key Highlights
EGM scheduled for March 20, 2026, to pass special resolutions for altering the company's business objects.
Proposed amendment to MOA to include generation and distribution of power from solar, wind, biomass, and hydrogen fuel cell technology.
New Article 92 to be inserted in AOA authorizing the Board to manage electricity generation facilities.
The scope covers both captive consumption and commercial sales to external parties.
The company aims to develop infrastructure including power sub-stations, workshops, and repair shops for energy projects.
💼 Action for Investors
Investors should monitor the EGM outcome and subsequent management updates regarding the planned capital expenditure for these new energy ventures. Successful diversification into renewable energy could provide long-term cost benefits and a new growth vertical.
Kriti Industries Q3 Revenue Drops 35% YoY to ₹135.79 Cr; Reports Net Loss of ₹2.51 Cr
Kriti Industries reported a weak Q3 FY26 with consolidated revenue declining 35% YoY to ₹135.79 crores, largely due to extended rainfall in its core Central Indian markets impacting Agri sales. While EBITDA improved to ₹6 crores from a loss in the previous year, the company still posted a net loss of ₹2.51 crores, including an exceptional labor code charge. Management expects a recovery in Q4 FY26, citing lower raw material prices and high water levels in reservoirs which should spur irrigation demand. The company is intentionally limiting its Industrial segment exposure to ₹100-150 crores to avoid long payment cycles.
Key Highlights
Q3 FY26 revenue fell 35% YoY to ₹135.79 crores, with 9M FY26 revenue down 24% to ₹445.58 crores.
Agri segment sales declined by 30% in Q3 and 17% in the first nine months of the fiscal year.
Reported a net loss of ₹2.51 crores for the quarter, impacted by a ₹77 lakh exceptional item for new labor codes.
9M FY26 EBITDA margin remains thin at 3.73% with a total EBITDA of ₹17.82 crores.
Management is pivoting towards Building Products and retail markets to reduce reliance on the volatile Industrial segment.
💼 Action for Investors
Investors should stay cautious and monitor if the projected Q4 recovery materializes to offset the significant 9-month revenue decline. The stock remains highly sensitive to regional monsoon patterns and raw material price fluctuations.
Kriti Industries Q3 FY26: Revenue Drops 35% YoY to ₹1,358 Mn; EBITDA Turns Positive
Kriti Industries reported a challenging Q3 FY26 with revenue declining 35.3% YoY to ₹1,358 Mn, primarily due to a 29% drop in sales volumes across its core agriculture segment. Despite the revenue contraction, the company achieved a positive EBITDA of ₹56 Mn compared to a loss in the previous year, driven by lower raw material costs and better expense management. The net loss for the quarter narrowed significantly to ₹5 Mn from ₹109 Mn in Q3 FY25. For the 9M-FY26 period, the company remains in a net loss position of ₹29 Mn.
Key Highlights
Total sales volumes fell 29% YoY to 13,992 MT, with the Agriculture segment contributing 11,790 MT.
EBITDA margins improved to 4.12% from -0.67% YoY due to reduced cost of materials and disciplined cost control.
Finance costs decreased by 45.8% YoY to ₹32 Mn, reflecting improved working capital management.
9M-FY26 revenue stands at ₹4,456 Mn, a 23.8% decline compared to the same period last year.
The company maintains a strong distribution network of 490+ dealers across 16 states with a total capacity of 1,49,400 TPA.
💼 Action for Investors
Investors should monitor the company's ability to recover sales volumes in the Agriculture segment, which accounts for 79% of revenue. While margin improvement and loss narrowing are positive signs, the sharp revenue de-growth warrants a cautious outlook.
Kriti Nutrients Q3 FY26 Consolidated Net Profit Rises 11% YoY to ₹9.16 Crore
Kriti Nutrients reported a strong 29.7% YoY growth in consolidated revenue for Q3 FY26, reaching ₹224.31 crore. Consolidated net profit for the quarter grew by 11% YoY to ₹9.16 crore, showing recovery from previous quarters. However, the nine-month (9M) profit remains 14.1% lower than the previous year at ₹27.54 crore, reflecting margin pressures earlier in the fiscal year. The company maintains a stable balance sheet with minimal finance costs of ₹11.75 lakhs for the quarter.
Key Highlights
Consolidated Revenue from Operations grew 29.7% YoY to ₹224.31 crore in Q3 FY26.
Consolidated Net Profit increased 11% YoY to ₹9.16 crore from ₹8.25 crore in Q3 FY25.
9M FY26 Revenue reached ₹666.28 crore, up 24.7% compared to ₹534.28 crore in 9M FY25.
Cost of materials consumed rose significantly to ₹181.85 crore in Q3 FY26 vs ₹135.80 crore in Q3 FY25.
Consolidated EPS for the quarter improved to ₹1.83 from ₹1.65 in the year-ago period.
💼 Action for Investors
The quarterly performance shows healthy top-line growth and a recovery in bottom-line margins compared to the previous quarter. Investors should monitor raw material price trends as they remain the largest cost component impacting overall profitability.
Kriti Industries Q3 FY26 Revenue at ₹135.8 Cr; Net Loss Narrows Significantly to ₹46.6 Lakhs
Kriti Industries reported a consolidated revenue of ₹135.79 crore for Q3 FY26, a 35.3% decline compared to ₹209.88 crore in the same quarter last year. Despite the revenue drop, the company successfully narrowed its net loss to ₹46.6 lakhs from a substantial loss of ₹10.89 crore in Q3 FY25. On a sequential basis, the company showed strong recovery with revenue growing 58.4% from ₹85.73 crore in Q2 FY26. However, the nine-month performance remains weak with a total net loss of ₹2.88 crore compared to a loss of ₹0.62 crore in the previous year.
Key Highlights
Consolidated Revenue from Operations fell 35.3% YoY to ₹135.79 crore in Q3 FY26.
Net Loss narrowed to ₹46.6 lakhs in Q3 FY26 from a loss of ₹10.89 crore in the year-ago period.
Finance costs significantly reduced to ₹3.18 crore from ₹5.86 crore YoY, aiding the bottom line.
Sequential revenue grew by 58.4% compared to Q2 FY26, indicating a recovery from the previous quarter.
9M FY26 consolidated revenue stands at ₹445.58 crore, down from ₹584.40 crore in 9M FY25.
💼 Action for Investors
Investors should maintain a watch on the company's ability to sustain the sequential recovery in revenue and further reduce losses. While the narrowing of losses is a positive sign, the significant year-on-year decline in top-line growth needs to be addressed for long-term stability.
Kritika Wires Q3 FY26 PAT Declines 23% YoY to ₹1.63 Cr; Revenue Down 10% YoY
Kritika Wires reported a weak performance for Q3 FY26, with revenue from operations declining 10% YoY to ₹161.13 crore. Net profit for the quarter fell by 23% YoY to ₹1.63 crore, down from ₹2.12 crore in the previous year's corresponding quarter. While the nine-month revenue showed an 8.2% growth, the nine-month PAT dropped significantly to ₹4.14 crore from ₹6.74 crore YoY, reflecting margin pressure. The company also announced the resignation of its Company Secretary and Compliance Officer, effective January 20, 2026.
Key Highlights
Revenue from operations decreased 9.9% YoY to ₹161.13 crore in Q3 FY26.
Net Profit (PAT) for the quarter stood at ₹1.63 crore, a 23.1% decline from ₹2.12 crore in Q3 FY25.
9M FY26 PAT fell to ₹4.14 crore compared to ₹6.74 crore in 9M FY25, despite higher cumulative revenue.
Company Secretary Mahesh Kumar Sharma resigned effective January 20, 2026.
A provision of ₹187.55 lakh was previously made for disputed entry tax liabilities, impacting the 9M bottom line.
💼 Action for Investors
Investors should exercise caution as the company is experiencing a decline in both top-line and bottom-line performance on a YoY basis. The pressure on margins despite higher 9M revenue suggests rising operational costs or pricing challenges that need monitoring.
Kritika Wires Q3 FY26 Revenue Drops 8.5% YoY to ₹163.77 Cr; PAT Declines 27.8%
Kritika Wires Limited reported a weak set of results for Q3 FY26, with revenue from operations falling 8.5% YoY to ₹16,377.43 lakh. Net profit for the quarter saw a sharp decline of 27.8% YoY, coming in at ₹153.01 lakh compared to ₹211.92 lakh in the previous year. While cumulative 9-month revenue grew to ₹54,761.41 lakh, the 9-month net profit dropped significantly to ₹414.28 lakh from ₹673.72 lakh, indicating severe margin pressure. Additionally, the company announced the resignation of its Company Secretary, Mr. Mahesh Kumar Sharma.
Key Highlights
Revenue from operations decreased 8.5% YoY to ₹16,377.43 lakh in Q3 FY26.
Net Profit (PAT) for the quarter fell 27.8% YoY to ₹153.01 lakh.
9-month PAT dropped to ₹414.28 lakh from ₹673.72 lakh in the previous year despite higher sales.
Finance costs reduced to ₹96.20 lakh in Q3 FY26 from ₹156.19 lakh in Q3 FY25.
Company Secretary and Compliance Officer Mahesh Kumar Sharma resigned effective January 20, 2026.
💼 Action for Investors
Investors should exercise caution as the company is experiencing significant margin contraction despite maintaining revenue levels over a 9-month period. Monitor raw material cost trends and the company's ability to pass on costs in the industrial steel wire segment.
Kriti Industries Forfeits Rs 25.24 Crore as 63.69 Lakh Promoter Warrants Lapse
Kriti Industries has announced the cancellation of 63,69,000 convertible warrants as the Promoter Group failed to exercise their conversion option within the stipulated 18-month period. Consequently, the company has forfeited the 25% upfront payment amounting to Rs 25.24 crore, which will be added to the company's reserves. While this represents a significant one-time cash gain and prevents equity dilution, it also means the company will not receive the remaining 75% of the capital infusion originally planned at Rs 158.50 per share.
Key Highlights
63,69,000 convertible warrants lapsed and were cancelled effective January 26, 2026
Company forfeited Rs 25,23,71,625 (25% of the warrant issue price)
The warrants were originally issued to the Promoter Group at a price of Rs 158.50 per share
No equity shares were allotted for these specific warrants, preventing potential dilution
The forfeiture follows the expiry of the mandatory 18-month conversion window
💼 Action for Investors
Investors should view the Rs 25.24 crore forfeiture as a positive non-dilutive cash addition to the balance sheet. However, the promoters' decision not to convert warrants at Rs 158.50 warrants a review of the current market valuation versus the warrant strike price.