Kiri Industries Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 12, 2024 at 02:38 am EST
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Kiri Industries Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 2,187.28 million compared to INR 2,038.06 million a year ago. Revenue was INR 2,217.51 million compared to INR 2,040.59 million a year ago. Net income was INR 1,263.71 million compared to INR 539.89 million a year ago. Basic earnings per share from continuing operations was INR 24.38 compared to INR 10.42 a year ago. Diluted earnings per share from continuing operations was INR 24.38 compared to INR 10.42 a year ago.
For the nine months, sales was INR 6,765.82 million compared to INR 7,226.19 million a year ago. Revenue was INR 6,829.96 million compared to INR 7,231.84 million a year ago. Net income was INR 1,426.22 million compared to INR 1,681.58 million a year ago. Basic earnings per share from continuing operations was INR 27.52 compared to INR 32.44 a year ago. Diluted earnings per share from continuing operations was INR 27.52 compared to INR 32.44 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 
