Kiri Industries Limited Reports Earnings Results for the First Quarter Ended June 30, 2022
August 12, 2022 at 07:10 am EDT
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Kiri Industries Limited reported earnings results for the first quarter ended June 30, 2022. For the first quarter, the company reported sales was INR 2,766.63 million compared to INR 2,927.81 million a year ago. Revenue was INR 2,768 million compared to INR 2,932.05 million a year ago. Net income was INR 535.04 million compared to INR 905.62 million a year ago. Basic earnings per share from continuing operations was INR 10.32 compared to INR 26.85 a year ago. Diluted earnings per share from continuing operations was INR 10.32 compared to INR 17.47 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 
