Kiri Industries Limited Reports Earnings Results for the Second Quarter Ended September 30, 2020
November 10, 2020 at 07:25 am EST
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Kiri Industries Limited announced earnings results for the second quarter ended September 30, 2020. For the second quarter, the company announced total revenue was INR 1,754.995 million compared to INR 3,264.009 million a year ago. Net income was INR 451.574 million compared to INR 1,141.537 million a year ago. Basic earnings per share from continuing operations was INR 13.43 compared to INR 35.04 a year ago. Diluted earnings per share from continuing operations was INR 8.71 compared to INR 22.02 a year ago. For the half year, total revenue was INR 2,849.214 million compared to INR 6,932.454 million a year ago. Net loss was INR 125.721 million compared to net income of INR 1,267.519 million a year ago. Basic loss per share from continuing operations was INR 3.74 compared to basic earnings per share from continuing operations of INR 38.9 a year ago. Diluted loss per share from continuing operations was INR 2.43 compared to diluted earnings per share from continuing operations of INR 24.45 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 
