Slide 1: Submission of Earnings Presentation to stock exchanges
February 12, 2024 To, To, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Mumbai- 400 001 Bandra (E), Mumbai - 400 051 Scrip Code: 532967 Scrip ID - KIRIINDUS Dear Sir/Madam, Sub: Submission of Earnings Presentation
Slide 2: Q3/9M-FY24 Earnings Presentation
Q3/9M-FY24|EARNINGS PRESENTATION
Slide 3: Company Overview
Company Overview Consolidated Revenue Break-up (INR Mn) 6,339 3,801 4,098 3,156 8,650 5,792 5,386 3,673 • Established in 1998, Kiri Industries Limited (KIL), is based out of Gujarat and has emerged as one of FY21 FY22 FY23 9M-FY24 the largest manufacturers and exporters of a wide range of Dyes, Dyes
Slide 4: About DyStar
About DyStar • The DyStar Group is a leading dyestuff and chemical manufacturer and solution provider, offering a broad portfolio of colorants, specialty chemicals, and services to customers across the globe. • With a heritage of more than a century in product development and innovation for the text
Slide 5: History
History 1995 2002 2007 2012 2016 DyStar was founded in 1995 as a FOUNDATION ACQUISITION: ACQUISITION: FOUNDATION: ACQUISITION: JOINT Color Texanlab Sustainable Emerald joint venture between Hoechst AG VENTURE OF: Solutions Textile Performance and Bayer Textile Dyes. In 2000, the Bayer AG and Interna
Slide 6: Q3/9M-FY24 Financial Highlights
Q3/9M-FY23 Financial Highlights Q3-FY23 Financial Highlights (Consolidated) Q3-FY24 Financial Highlights (Standalone) Operational Operational EBITDA* EBITDA Margin* EBITDA EBITDA Margin Revenue Revenue INR (126) Mn NA INR (214) Mn NA INR 2,187 Mn INR 1,410 Mn Net Profit* PAT Margin* Diluted EPS Net
Slide 7: Q3-FY24 Operational Highlights
Q3-FY24 Operational Highlights Consolidated: During Q3FY24 Consolidated Revenues was up by 7% Y-O-Y basis from INR 203.81 crore to INR 218.72 crore, and EBIDTA to Sales was (-) 4% in Q3FY24. The major reason for negative EBIDTA, was lower capacity utilization with conversion cost not getting fully a
Slide 8: Update on DyStar court case in Singapore
Update on DyStar court case in Singapore The hearing for Alternate Relief Application was held on January 24, 2024 and January 25, 2024, at the Singapore International Commercial Court (SICC), to give effect to the Order of Court made in SIC4 dated 3 July 2018 which ordered Senda International Capit
Slide 9: Q3/9M-FY24 Financial Highlights
Q3/9M-FY24 FINANCIAL HIGHLIGHTS 8
Slide 10: Q3-FY24 Standalone Income Statement
Q3-FY24 Standalone Income Statement PARTICULARS (INR Mn) Q3-FY24 Q3-FY23 Y-o-Y Q2-FY24 Q-o-Q Revenue from Operations 1,410 1,326 6.3% 1,511 (6.7)% Total Expenses 1,624 1,629 (0.3)% 1,699 (4.4)% EBITDA (214) (303) (29.4)% (188) 13.8% EBITDA Margins (%) NA NA NA NA NA Other Income 84 70 20.0% 2 NA Dep
Slide 11: 9M-FY24 Standalone Income Statement
9M-FY24 Standalone Income Statement PARTICULARS (INR Mn) 9M-FY24 9M-FY23 Y-o-Y Revenue from Operations 4,336 4,447 (2.5)% Total Expenses 4,863 5,388 (9.7)% EBITDA (527) (941) (44.0)% EBITDA Margins (%) NA NA NA Other Income 337 223 51.1% Depreciation 333 332 0.3% Finance Cost 149 42 NA PBT (672) (1,
Slide 12: Q3-FY24 Consolidated Income Statement
Q3-FY24 Consolidated Income Statement PARTICULARS (INR Mn) Q3-FY24 Q3-FY23 Y-o-Y Q2-FY24 Q-o-Q Revenue from Operations 2,187 2,038 7.3% 2,305 (5.1)% Total Expenses 2,313 2,209 4.7% 2,405 (3.8)% EBITDA (126) (171) (26.3)% (100) 26.0% EBITDA Margins (%) NA NA NA NA NA Other Income 30 3 NA 20 50.0% Dep
Slide 13: 9M-FY24 Consolidated Income Statement
9M-FY24 Consolidated Income Statement PARTICULARS (INR Mn) 9M-FY24 9M-FY23 Y-o-Y Revenue from Operations 6,766 7,226 (6.4)% Total Expenses 6,974 7,554 (7.7)% EBITDA (208) (328) (36.6)% EBITDA Margins (%) NA NA NA Other Income 64 6 NA Depreciation 366 368 (0.5)% Finance Cost 152 43 NA PBT (662) (733)
Slide 14: Historical Financials
Kiri Industries Limited Fienre fall of Colors HISTORICAL FINANCIALS
Slide 15: Historical Standalone Income Statement
Historical Standalone Income Statement PARTICULARS (INR Mn) FY21 FY22 FY23 9M--FY24 Revenue from Operations 6,892 11,368 6,015 4,336 Total Expenses 6,901 11,054 7,106 4,863 EBITDA (9) 314 (1,091) (527) EBITDA Margins (%) NA 2.76% NA NA Other Income 20 18 234 337 Depreciation 390 436 441 333 Finance
Slide 16: Standalone Balance Sheet
Standalone Balance Sheet PARTICULARS (INR Mn) FY22 FY23 H1-FY24 PARTICULARS (INR Mn) FY22 FY23 H1-FY24 Equity 6,250 4,913 4,559 Non Current Assets 8,117 7,726 7,577 Equity Share Capital 518 518 518 a) Property, Plant and Equipment 5,062 4,736 4,548 Other Equity 5,732 4,395 4,041 b) Other Intangible
Slide 17: Historical Consolidated Income Statement
Historical Consolidated Income Statement PARTICULARS (INR Mn) FY21 FY22 FY23 9M-FY24 Revenue from Operations 9,570 14,969 9,451 6,766 Total Expenses 8,744 13,756 9,825 6,974 EBITDA 826 1,213 (374) (208) EBITDA Margins (%) 8.63% 8.10% NA NA Other Income 22 20 33 64 Depreciation 461 502 489 366 Financ
Slide 18: Consolidated Balance Sheet
Consolidated Balance Sheet PARTICULARS (INR Mn) FY22 FY23 H1-FY24 PARTICULARS (INR Mn) FY22 FY23 H1-FY24 Equity 25,726 26,793 26,955 Non Current Assets 24,949 26,681 27,089 Equity Share Capital 518 518 518 a) Property, Plant and Equipment 5,430 5,081 4,887 Other Equity 25,208 26,275 26,437 b) Other
Slide 19: Consolidated Financial Highlights
Consolidated Financial Highlights Operational Revenue (INR Mn) EBITDA (INR Mn)* & PAT (INR Mn)* & PAT Margins (%)* 14,969 EBITDA Margins (%)* 1,213 9,570 9,451 826 529 6,766 218 3.53% 2.28% 8.63% 8.10% -3.07% FY21 FY22 FY23 9M-FY24 -10.57% FY21 FY22 FY23 9M-FY24 -11.11% -715 -3.96% -1,050 -208 FY21
Slide 20: Capital Market Data
Capital Market Data Share Price up to 31st December, 2023 20% 10% 0% -10% -20% -30% -40% -50% Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 Kiri Sensex Price Data (As on 31st December 2023) INR Shareholding Pattern (As on 31st December, 2023) Face Value 10.0 Pub
Slide 21: Disclaimer
Disclaimer Kiri Industries Limited Disclaimer: The information contained in this presentation is only current as of its date. All actions and statements made herein or otherwise shall be subject to the applicable laws and regulations as amended from time to time. There is no representation that all
Slide 22: Thank You
Kiri Industries Limited Fienre fall of Colors THANK YOU