Kiri Industries Limited — PPTs, 13-11-2024: Investor Presentation

**Financial Highlights:**

In Q2-FY25, Kiri Industries reported consolidated operational revenue of INR 2,722 Mn, reflecting an 18.1% year-over-year increase, with an EBITDA of INR 170 Mn and an EBITDA margin of 6.25%. However, net profit was a loss of INR 127 Mn, translating to a PAT margin of -4.67%. For H1-FY25, consolidated revenue reached INR 5,374 Mn, up 17.4% year-over-year. The company experienced an EBITDA of INR 338 Mn, with a PAT loss of INR 150 Mn.

**Strategic Initiatives and Growth Drivers:**

Kiri Industries is actively enhancing its manufacturing capabilities, evidenced by its joint venture with Longsheng (China) to strengthen its competitive edge in the dyes vertical. The company aims to leverage its established presence across 50 countries to expand its market reach further.

**Business Developments:**

The company has navigated operational challenges, including increased legal costs linked to litigation against Senda International. Sales of dye intermediates faced reduced demand, contributing to negative EBITDA figures in the recent quarter.

**Market Position and Competitive Advantage:**

Kiri Industries stands as one of India's largest manufacturers and exporters of dyes, boasting a strong global footprint. Its commitment to sustainability, with ‘Zero Effluent’ manufacturing, positions it favorably among environmentally conscious clients.

**Investor Implications:**

Despite current setbacks in profitability, Kiri Industries' revenue growth and strategic partnerships indicate a positive outlook for potential recovery in future performance, making it an interesting watch for investors.