Kriti Industries (India) Limited — PPTs, 12-11-2024: Investor Presentation

1. Financial Highlights: Kriti Industries reported total revenue of INR 3,745 Mn for H1-FY25, reflecting a 12.7% decline year-on-year. However, EBITDA increased by 5.8% to INR 294 Mn, leading to an improved EBITDA margin of 7.85%, up from 6.48% in the previous year. The net profit was INR 103 Mn, with a PAT margin of 2.75%. In Q2-FY25, revenue fell to INR 1,174 Mn, resulting in a net loss of INR 36 Mn, with an EBITDA margin of 4.34%.

2. Strategic Initiatives and Growth Drivers: The company is witnessing significant growth in its agriculture and building products segments, with H1-FY25 showing 13% and 37% year-on-year revenues, respectively. Government programs like PMKSY are expected to further drive investments in irrigation, positioning Kriti to capitalize on this trend.

3. Business Developments: Kriti has a comprehensive product portfolio, including premium piping solutions under the Kasta brand. It boasts a distribution network of over 400 dealers across 16 states, enhancing its market reach.

4. Market Position and Competitive Advantage: The agriculture segment contributes 76% to revenue, highlighting Kriti's strong presence in this lucrative market. The company is strategically located in Central India, benefiting from proximity to major consumer markets.

5. Investor Implications: With a positive outlook in agriculture and building segments, coupled with ongoing strategic initiatives, Kriti Industries presents potential growth opportunities, despite recent revenue fluctuations. Investors should monitor operational improvements and market conditions for future performance indicators.