Kiri Industries Ltd (BOM:532967)
₹ 579.05 +8.25 (+1.6%) Market Cap: 37.74 Bil Enterprise Value: -4.82 Bil PE Ratio: 0.51 PB Ratio: 0.45 GF Score: 65/100

Q3 2025 Kiri Industries Ltd Earnings Call Transcript

Feb 14, 2025 / 05:00AM GMT
Release Date Price: ₹538.2 (-6.71%)

Key Points

Positve
  • Kiri Industries Ltd (BOM:532967) reported an 11% year-on-year growth in standalone quarterly revenue, indicating strong operational performance.
  • The company achieved a 25% growth in net profit for the quarter, driven by higher other income, including dividend income from Longini Chemical Industries Limited.
  • Kiri Industries Ltd secured a significant legal victory in a decade-long case, which is expected to open new avenues for growth and stability.
  • The company has commenced the first phase of a major CapEx project, with plans to invest close to 8,000 crore, expected to generate substantial revenue and EBITDA.
  • Kiri Industries Ltd has secured in-principle approvals from overseas banks for financing its new copper project, ensuring financial backing for its expansion plans.
Negative
  • The company reported a consolidated net loss of 14 crores before other comprehensive income and share of profits of associates and joint ventures.
  • Kiri Industries Ltd's capacity utilization in the dyes and intermediates segment has been less than 50% over the last few years, indicating underutilization of resources.
  • The company faces challenges in securing raw material supply for its copper project, with efforts to tie up 100% of feedstock expected to take up to a year.
  • Legal costs have been a significant burden, with expenses reaching 45 crore this financial year and 30 crore last year, impacting profitability.
  • The company anticipates a high tax burden once the sale proceeds from the legal case are received, which could affect net income.
Operator

Ladies and gentlemen, good day and welcome to the Q3 and 91 5 25 earnings conference call of K Industries Limited.

As a reminder, all participant lines will be in the lesson only mode, and there will be an opportunity for you to ask questions after the presentation concludes.

Should you need assistance during the conference call, please signal an operator by pressing start and 0 on a touchtone phone. Please note that this conference is being recorded.

At this time I would now like to hand the conference over to Ms. Nupur Jan Kunia from Valorum Advisors.

Thank you and over to you, ma'am.

Nupur Jainkunia
Valorem Advisors - Analyst

Thank you. Good morning, everyone, and a very warm welcome to you all. My name is Nur Kuna from 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 third quarter and 9 months of the financial year 2025.

Before we begin, I would like to mention

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