Kiri Industries Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
February 11, 2023 at 05:39 am EST
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Kiri Industries Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 2,038.06 million compared to INR 4,294.07 million a year ago. Revenue was INR 2,040.59 million compared to INR 4,298.95 million a year ago. Net income was INR 539.89 million compared to INR 1,060.17 million a year ago. Basic earnings per share from continuing operations was INR 10.42 compared to INR 26.51 a year ago. Diluted earnings per share from continuing operations was INR 10.42 compared to INR 20.45 a year ago.
For the nine months, sales was INR 7,226.19 million compared to INR 10,800.6 million a year ago. Revenue was INR 7,231.84 million compared to INR 10,814.42 million a year ago. Net income was INR 1,681.58 million compared to INR 2,977.38 million a year ago. Basic earnings per share from continuing operations was INR 32.44 compared to INR 79.49 a year ago. Diluted earnings per share from continuing operations was INR 32.44 compared to INR 57.44 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 
