Kiri Industries Limited — Important, 13-11-2024: Financial Result Updates

Consolidated financial results show Kiri Industries achieving a revenue of ₹537.39 crore for H1FY25, up 17% YoY, with Q2FY25 revenue at ₹272.23 crore, reflecting an 18% increase YoY. However, standalone revenue in Q2FY25 decreased to ₹145.52 crore, down 4% YoY, attributed to weaker demand in dye intermediates. The company recorded a consolidated EBITDA of ₹40.01 crore for H1FY25, a considerable rebound from the negative EBITDA in the previous year.

Despite ongoing challenges, including litigation costs affecting profitability, Kiri is focusing on cost management and operational efficiency. The management anticipates demand recovery in the coming quarters, along with strategic diversification plans, which position the company favorably for future growth.

Investor insight: Lean towards a hold stance as the company navigates current challenges while maintaining a focus on recovery and diversification.