Kiri Industries Limited Reports Earnings Results for the Full Year Ended March 31, 2021
June 28, 2021 at 06:59 am EDT
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Kiri Industries Limited announced earnings results for the full year ended March 31, 2021. For the full year, the company announced total revenue was INR 9,592.659 million compared to INR 13,106.755 million a year ago. Net income was INR 2,524.752 million compared to INR 3,755.034 million a year ago. Basic earnings per share from continuing operations was INR 75.07 compared to INR 114.33 a year ago. Diluted earnings per share from continuing operations was INR 48.69 compared to INR 72.34 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.