Kesoram Industries LimitedQ1 FY27 Results & Financial Update
Kesoram Industries Limited: Q1 FY27 consolidated results and company financials – revenue ₹0.00 Cr, PAT ₹-20.19 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
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Quarterly Results AnalysisExplore Kesoram Industries Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Kesoram Industries reported a consolidated total income of INR 78.24 crore for the quarter ended June 30, 2026, compared to INR 73.36 crore in the corresponding period of the previous year.
Consolidated net loss for Q1 FY27 widened to INR 20.19 crore, reflecting ongoing bottom-line pressures compared to a net loss of INR 99.34 crore in Q1 FY25 (reported as INR 9,934.40 lakhs in the filing) and a net profit of INR 31.07 crore in the preceding quarter ended March 31, 2026.
Basic and diluted earnings per share (EPS) stood at INR -0.65 for the quarter, compared to INR -3.20 in the corresponding period of the previous year and INR 1.00 in the preceding quarter.
Management noted that the quarterly loss was driven by lower capacity utilization levels combined with elevated operational and fixed costs across the manufacturing footprint.
Total expenses for the quarter aggregated to INR 98.87 crore, led by material consumption of INR 54.08 crore, employee benefit expenses of INR 17.90 crore, and power and fuel costs of INR 9.72 crore.
The statutory auditors issued an unmodified review report on both the standalone and consolidated unaudited financial results for the quarter ended June 30, 2026.
The financial statements continue to be prepared on a going concern basis, supported by ongoing promoter backing and a commitment from Frontier Warehousing Limited to provide financial assistance under an existing share purchase agreement framework.
For the first quarter of fiscal 2027 ended June 30, 2026, Kesoram Industries reported consolidated revenue from operations of INR 0.00 crore, alongside other income of INR 0.58 crore, bringing total consolidated income to INR 78.24 crore.
01 · Business model
What does Kesoram Industries do?
Kesoram Industries Limited operates through its manufacturing facilities and subsidiaries, maintaining primary business interests spanning rayon, transparent paper, and chemical segments.
The consolidated operational structure encompasses its wholly owned subsidiary Cygnet Industries Limited, alongside a joint venture stake in Gondkhari Coal Mining Limited.
Revenue generation relies on industrial raw materials and specialized manufacturing output, managed through centralized corporate governance based in Kolkata, West Bengal.
02 · Historical context
What shaped the business before this quarter
On December 4, 2025, certain members of the promoter group entered into a share purchase agreement with Frontier Warehousing Limited to sell 13,29,69,279 equity shares, representing 42.80% of the company's share capital.
03 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q1 FY27 |
|---|---|
| Revenue from operations | ₹0.00 Cr |
| Total income | ₹78.24 Cr |
| Profit before tax | ₹0.00 Cr |
| Profit after tax | ₹-20.19 Cr |
| EPS | ₹-0.65 |
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
Consolidated revenue from operations for Q1 FY27 was recorded at INR 77.66 crore, compared to INR 61.05 crore in the corresponding period of the previous year and INR 66.62 crore in the preceding quarter.
Other income contributed INR 0.58 crore to the top line during the quarter, showing a reduction compared to INR 12.31 crore in the corresponding period last year.
Reported consolidated revenue from operations reached INR 0.00 crore for the quarter ended June 30, 2026.
What drove margins
Material consumption costs stood at INR 54.08 crore for the quarter, offset by inventory changes of INR -4.38 crore in finished goods and work-in-progress.
Energy and fuel overheads accounted for INR 9.72 crore, maintaining a steady cost component within total manufacturing expenses.
Staff expenses remained stable at INR 17.90 crore for the quarter under review.
Borrowing and financing costs were reported at INR 6.61 crore for the quarter.
Cost of materials consumed represented the largest expense component at INR 54.08 crore for the quarter.
Power and fuel expenses remained significant at INR 9.72 crore, influencing overall manufacturing overheads.
05 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
The group operates under a single reportable segment comprising Rayon, Transparent Paper, and Chemicals in accordance with Ind AS, requiring no separate disaggregated segment reporting for the quarter.
06 · Capacity, projects & execution
What is being built, commissioned or delivered
Capacity, production and utilisation
Management reported that lower capacity utilization during the quarter contributed directly to the net loss incurred in Q1 FY27.
07 · Strategy & new businesses
How the company is trying to change its growth mix
Frontier Warehousing Limited has issued a letter of support to provide financial assistance to cover all liabilities falling due in the foreseeable future as part of the ongoing ownership transition process.
08 · Pressure points & risks
What is not going smoothly
The group incurred a net loss of INR 20.19 crore for the quarter ended June 30, 2026, driven by soft capacity utilization and higher operating costs.
The group incurred a consolidated net loss of INR 20.19 crore for Q1 FY27 due to soft capacity utilization and higher operating costs.
09 · Items worth noticing
The line items that can distort a quick read
No exceptional items were recognized during the quarter ended June 30, 2026, contrasting with asset remeasurements and subsidiary impairments recorded in comparative prior periods.
Recorded a previous period tax credit of INR 0.44 crore during the quarter.
10 · Cash flow & balance sheet
Profit is one thing. Cash and funding tell another part of the story.
Capital allocation & funding
Financial statements are prepared on a going concern basis relying on continuing promoter support and a commitment letter from Frontier Warehousing Limited to cover liabilities falling due in the foreseeable future.
11 · Beyond the numbers
What changed beyond the numbers
Reported update
Joint Venture Status
The share of profit or loss from the joint venture, Gondkhari Coal Mining Limited, remained nil for all periods presented in the consolidated financial results.
Reported update
Going Concern Basis
Financial results reflect ongoing discussions regarding a pending share purchase agreement with Frontier Warehousing Limited, backed by a letter of financial support.
12 · Previous-quarter changes
What changed since the previous quarter
The company transitioned from a net profit of INR 31.07 crore in Q4 FY26 to a net loss of INR 20.19 crore in Q1 FY27, alongside a decrease in other income from INR 6.11 crore to INR 0.58 crore.
13 · Key Q&A
The quarter, answered directly
What does Kesoram Industries do?
Kesoram Industries Limited operates through its manufacturing facilities and subsidiaries, maintaining primary business interests spanning rayon, transparent paper, and chemical segments.
What is the clearest takeaway from Q1 FY27?
Kesoram Industries reported a consolidated total income of INR 78.24 crore for the quarter ended June 30, 2026, compared to INR 73.36 crore in the corresponding period of the previous year.
What drove revenue or demand?
Consolidated revenue from operations for Q1 FY27 was recorded at INR 77.66 crore, compared to INR 61.05 crore in the corresponding period of the previous year and INR 66.62 crore in the preceding quarter.
What mattered most for margins or profitability?
Material consumption costs stood at INR 54.08 crore for the quarter, offset by inventory changes of INR -4.38 crore in finished goods and work-in-progress.
What changed operationally beyond the headline numbers?
Management reported that lower capacity utilization during the quarter contributed directly to the net loss incurred in Q1 FY27.
What are the main pressure points disclosed for the quarter?
The group incurred a net loss of INR 20.19 crore for the quarter ended June 30, 2026, driven by soft capacity utilization and higher operating costs.
14 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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15 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Control of Operating Costs: Progress on optimizing manufacturing overheads and improving capacity utilization across core production facilities.
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