Kiri Industries Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 08, 2023 at 02:24 am EST
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Kiri Industries Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 2,305.28 million compared to INR 2,421.5 million a year ago. Revenue was INR 2,324.98 million compared to INR 2,423.25 million a year ago. Net income was INR 187.95 million compared to INR 606.66 million a year ago. Basic earnings per share from continuing operations was INR 3.63 compared to INR 11.7 a year ago. Diluted earnings per share from continuing operations was INR 3.63 compared to INR 11.7 a year ago.
For the six months, sales was INR 4,578.54 million compared to INR 5,188.13 million a year ago. Revenue was INR 4,612.45 million compared to INR 5,191.25 million a year ago. Net income was INR 162.52 million compared to INR 1,141.69 million a year ago. Basic earnings per share from continuing operations was INR 3.14 compared to INR 22.03 a year ago. Diluted earnings per share from continuing operations was INR 3.14 compared to INR 22.03 a year ago.
Kiri Industries Limited is an India-based manufacturer and exporter of a range of dyes, dyes intermediates and basic chemicals. Its dye products include reactive dyes, acid dyes, direct dyes and disperse dyes. The Company's dye intermediate products include h-acid, vinyl sulphone, and naphthalene and aniline based intermediates. Its basic chemical products include sulfuric acid, oleum 65% & 23%, thionyl chloride and chloro sulphonic acid. Its dye products are used by textile manufacturers, including manufacturers of cotton fabrics, dress material, papers, carpets, bed sheets and others. The Company's dye intermediate products are used by manufacturers of reactive dyes across the globe. Its basic chemical products are used by manufacturers of chemicals, pharmaceuticals, fertilizers, automobile batteries, paper bleaching, sugar bleaching, water treatment, sulfonation agents, cellulose fibers, steel manufacturing, coloring agents and regeneration of ion exchange resins, among others.
KIRI INDUSTRIES LIMITED 
