Kiri Industries Ltd's Q3FY25 Quarter Results
- 14 Feb 2025
Result Summary
- Kiri Industries Ltd reported a 2.4% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 22.0%.
- Its expenses for the quarter were down by 0.2% QoQ and up 13.9% YoY.
- The net profit increased 120.3% QoQ and increased 40.0% YoY.
- The earnings per share (EPS) of Kiri Industries Ltd stood at 26.4 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 270.56 | 277.11 | 221.75 | -2.4% | 22.0% |
Total Expenses | 284.19 | 284.86 | 249.45 | -0.2% | 13.9% |
Profit Before Tax | -13.63 | -7.74 | -27.70 | 76.1% | -50.8% |
Tax | 0.09 | 4.96 | 1.69 | -98.2% | -94.7% |
Profit After Tax | 176.89 | 80.30 | 126.37 | 120.3% | 40.0% |
Earnings Per Share | 26.40 | 15.50 | 24.40 | 70.3% | 8.2% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Kiri Industries Ltd is a prominent company operating in the chemical industry, primarily involved in the production and sale of dyes, intermediates, and basic chemicals. The company is known for its broad range of dye products that cater to various industries, including textiles, leather, and paper. Kiri Industries has established itself as a key player in the dye manufacturing sector with a significant global market presence. The company is committed to sustainability and innovation, focusing on expanding its product portfolio and improving operational efficiencies. There is no recent major development available for Kiri Industries Ltd from the provided data.
Revenue
In the third quarter of fiscal year 2025 (Q3FY25), Kiri Industries Ltd reported a total income of ₹270.56 crores. This represents a decrease of 2.4% from ₹277.11 crores in the previous quarter (Q2FY25). However, compared to the same quarter in the previous fiscal year (Q3FY24), where total income was ₹221.75 crores, there is a notable year-over-year increase of 22.0%. This growth indicates an improvement in the company's revenue generation capabilities over the past year, although there is a slight decline from the previous quarter.
Profitability
The financial data indicates that Kiri Industries Ltd achieved a significant improvement in profitability in Q3FY25 compared to both the previous quarter and the same quarter last year. The profit before tax (PBT) for Q3FY25 was recorded at a loss of ₹13.63 crores, which is an improvement of 76.1% compared to the loss of ₹7.74 crores in Q2FY25. Additionally, the PBT saw a 50.8% increase year-over-year from a loss of ₹27.70 crores in Q3FY24. The profit after tax (PAT) for Q3FY25 was remarkably higher at ₹176.89 crores, more than doubling the ₹80.30 crores recorded in Q2FY25, reflecting a 120.3% quarter-over-quarter growth. Compared to Q3FY24, where the PAT was ₹126.37 crores, the year-over-year growth was 40.0%.
Operating Metrics
The earnings per share (EPS) for Kiri Industries Ltd in Q3FY25 stood at ₹26.40, compared to ₹15.50 in Q2FY25, marking a quarter-over-quarter increase of 70.3%. Compared to Q3FY24, where the EPS was ₹24.40, there is an 8.2% year-over-year increase. The total expenses for Q3FY25 were ₹284.19 crores, reflecting a minimal decrease of 0.2% from ₹284.86 crores in Q2FY25. However, compared to Q3FY24, where total expenses were ₹249.45 crores, there is a 13.9% year-over-year increase. Tax expenses for Q3FY25 were significantly reduced to ₹0.09 crores from ₹4.96 crores in Q2FY25, representing a substantial QoQ decrease of 98.2%. Year-over-year, the tax expense decreased by 94.7% from ₹1.69 crores in Q3FY24.
