Kiri Industries Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2021
November 12, 2021 at 03:15 am EST
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Kiri Industries Limited reported earnings results for the second quarter and six months ended September 30, 2021. For the second quarter, the company reported sales was INR 3,578.73 million compared to INR 1,749.63 million a year ago. Revenue was INR 3,583.42 million compared to INR 1,755 million a year ago. Net income was INR 1,011.58 million compared to INR 451.57 million a year ago. Basic earnings per share from continuing operations was INR 26.2 compared to INR 13.43 a year ago. Diluted earnings per share from continuing operations was INR 19.52 compared to INR 8.71 a year ago.
For the six months, sales was INR 6,506.53 million compared to INR 2,837.91 million a year ago. Revenue was INR 6,515.47 million compared to INR 2,849.21 million a year ago. Net income was INR 1,917.21 million compared to net loss of INR 125.72 million a year ago. Basic earnings per share from continuing operations was INR 51.71 compared to basic loss per share from continuing operations of INR 3.74 a year ago. Diluted earnings per share from continuing operations was INR 36.99.
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 
