Kiri Industries Limited Reports Earnings Results for the Third Quarter Ended December 31, 2020
February 11, 2021 at 04:26 pm IST
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Kiri Industries Limited announced earnings results for the third quarter ended December 31, 2020. For the third quarter, the company announced total revenue was INR 3,109.957 million compared to INR 3,170.396 million a year ago. Net income was INR 1,488.132 million compared to INR 1,368.375 million a year ago. Basic earnings per share from continuing operations was INR 44.26 compared to INR 40.7 a year ago. Diluted earnings per share from continuing operations was INR 28.71 compared to INR 26.4 a year ago. For the nine months, total revenue was INR 5,959.171 million compared to INR 10,102.85 million a year ago. Net income was INR 1,362.414 million compared to INR 2,635.893 million a year ago. Basic earnings per share from continuing operations was INR 40.52 compared to INR 81.06 a year ago. Diluted earnings per share from continuing operations was INR 26.28 compared to INR 50.85 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 
