Kothari Industrial Corpn. reports net loss amid strategic expansion

Kothari Industrial Corporation Limited (KICL) reported a total income of INR 8,760.23 lakhs for FY 2024-25, an increase from INR 2,714.11 lakhs in the previous year. However, the company recorded a net loss of INR (1,616.82) lakhs, compared to a profit of INR 3,169.32 lakhs in FY 2023-24. The board has not recommended any dividend for the year.

The company is strategically expanding, including the acquisition of Parveen Roadways for INR 24.04 crores and a 30% equity stake in Phoenix Kothari Footwear Limited for INR 99.06 crores. KICL also launched new agro products, opened Kickers footwear showrooms, and is expanding into various restaurant ventures. The company's authorized share capital increased from INR 25 crores to INR 75 crores.

KICL conducted a preferential allotment of 17,11,068 equity shares to non-promoters at an issue price of INR 207 per share, aggregating to INR 35,41,91,076. These funds will primarily invest in Phoenix Kothari Footwear Limited. The 55th Annual General Meeting will be held on September 26, 2025.