Q1 2025 Kiri Industries Ltd Earnings Call Transcript
Key Points
- Revenue from operations grew by 19% year-on-year to INR168 crore on a standalone basis.
- Consolidated revenue for the first quarter increased by 17% year-on-year to INR265 crore.
- EBITDA on a consolidated basis improved to INR18.08 crore from INR10.93 crore in the previous quarter.
- Operational expenses have reduced, mainly due to a decrease in legal fees.
- The company is embarking on a significant new investment project in the copper and fertilizer sectors, with potential for substantial future revenue and profit.
- Net loss post depreciation for the quarter was about INR2 crore on a standalone basis.
- Gross material margins are still below the peak levels, currently hovering around 23% to 30%.
- The company is facing ongoing legal challenges related to the DyStar case, including appeals from both Kiri and Senda.
- Legal costs are expected to increase again in the next two quarters due to the ongoing appeals process.
- The new investment projects are in sectors where the company has no prior experience, posing potential execution risks.
Ladies and gents, good day, and welcome to the Q1 FY25 earnings conference call of Kiri Industries Limited. (Operator Instructions) Please note that this conference is being recorded.
At this time, I would like to hand over the conference Ms. Purvangi Jain from Valorem Advisors. Thank you and over to you, maâam.
Good morning, everyone, and a warm welcome to you all. My name is Purvangi Jain from Valorem Advisors. We represent the investor relations of Kiri Industries Limited. On behalf of the company, I would like to thank you all for participating in the company's earnings conference call for the first quarter and financial year ending 2025.
Before we begin, I would like to mention a short cautionary statement. Some of the statements made in today's earnings call may be forward-looking in nature. Such forward-looking statements are subject to risk and uncertainties which could cause actual results to differ from those anticipated.
Such statements are based on management's beliefs as well as
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