Kiri Industries Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2024
May 30, 2024 at 04:05 am EDT
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Kiri Industries Limited reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales was INR 2,690.59 million compared to INR 2,224.47 million a year ago. Revenue was INR 2,748.87 million compared to INR 2,252.18 million a year ago. Net loss was INR 96.01 million compared to INR 614.99 million a year ago. Basic loss per share from continuing operations was INR 1.97 compared to INR 11.77 a year ago. Diluted loss per share from continuing operations was INR 1.97 compared to INR 11.77 a year ago.
For the full year, sales was INR 9,492.13 million compared to INR 9,450.66 million a year ago. Revenue was INR 9,578.84 million compared to INR 9,484.01 million a year ago. Net income was INR 1,330.21 million compared to INR 1,066.59 million a year ago. Basic earnings per share from continuing operations was INR 25.55 compared to INR 20.67 a year ago. Diluted earnings per share from continuing operations was INR 25.55 compared to INR 20.67 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.