Kiri Industries Limited · NSE:KIRIINDUS
Kiri Industries — Q2 FY2024 Earnings Presentation
22 slides from Kiri Industries's earnings presentation, Nov 8, 2023
Slide 1: Submission letter to BSE and NSE
November 08, 2023 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: Q2/H1-FY24 Earnings Presentation
Q2/H1-FY24|EARNINGS PRESENTATION
Slide 3: Company Overview
Company Overview Consolidated Revenue Break-up (INR Mn) 6,339 3,801 4,098 8,650 2,074 5,792 5,386 2,539 • Established in 1998, Kiri Industries Limited (KIL), is based out of Gujarat and has emerged as one of FY21 FY22 FY23 H1-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: Financial Highlights
Financial Highlights Q2-FY24 Financial Highlights (Consolidated) Q2-FY24 Financial Highlights (Standalone) Operational Operational EBITDA* EBITDA Margin* EBITDA EBITDA Margin Revenue Revenue INR (100) Mn NA INR (188) Mn NA INR 2,305 Mn INR 1,511 Mn Net Profit* PAT Margin* Diluted EPS Net Profit PAT
Slide 7: Q2-FY24 Operational Highlights
Q2-FY24 Operational Highlights Consolidated: The major reason for negative EBIDTA, was sluggish demand and lower capacity utilization with conversion cost not getting fully absorbed and the most importantly not being able to pass on the cost increases to its finished products sales prices. The share
Slide 8: Update on DyStar court case in Singapore
Update on DyStar court case in Singapore On basis of Company’s alternate relief application filed with the Singapore International Commercial Court (the SICC) and as per directions given by the SICC in Case Management Conference, all submissions related to our application to be completed by all part
Slide 9: Q2/H1-FY24 Financial Highlights
Q2/H1-FY24 FINANCIAL HIGHLIGHTS 8
Slide 10: Q2-FY24 Standalone Income Statement
Q2-FY24 Standalone Income Statement PARTICULARS (INR Mn) Q2-FY24 Q2-FY23 Y-o-Y Q1-FY24 Q-o-Q Revenue from Operations 1,511 1,407 7.4% 1,415 6.8% Total Expenses 1,699 1,726 (1.6)% 1,539 10.4% EBITDA (188) (319) (41.1)% (124) 51.6% EBITDA Margins (%) NA NA NA NA NA Other Income 2 1 100% 251 (99.2)% De
Slide 11: H1-FY24 Standalone Income Statement
H1-FY24 Standalone Income Statement PARTICULARS (INR Mn) H1-FY24 H1-FY23 Y-o-Y Revenue from Operations 2,926 3,121 (6.2)% Total Expenses 3,239 3,759 (13.8)% EBITDA (313) (638) (50.9)% EBITDA Margins (%) NA NA NA Other Income 253 153 65.4% Depreciation 222 221 0.5% Finance Cost 91 24 NA PBT (373) (73
Slide 12: Q2-FY24 Consolidated Income Statement
Q2-FY24 Consolidated Income Statement PARTICULARS (INR Mn) Q2-FY24 Q2-FY23 Y-o-Y Q1-FY24 Q-o-Q Revenue from Operations 2,305 2,422 (4.8)% 2,273 1.4% Total Expenses 2,405 2,493 (3.5)% 2,256 6.6% EBITDA (100) (71) 40.8% 17 NA EBITDA Margins (%) NA NA NA 0.75% NA Other Income 20 2 NA 14 42.9% Depreciat
Slide 13: H1-FY24 Consolidated Income Statement
Q2-FY24 Consolidated Income Statement PARTICULARS (INR Mn) H1-FY24 H1-FY23 Y-o-Y Revenue from Operations 4,579 5,188 (11.7)% Total Expenses 4,661 5,344 (12.8)% EBITDA (82) (156) (47.4)% EBITDA Margins (%) NA NA NA Other Income 34 3 NA Depreciation 244 245 (0.4)% Finance Cost 93 26 NA PBT (385) (424)
Slide 14: Historical Financials
Kiri Industries Limited Fienre fill of Colors HISTORICAL FINANCIALS
Slide 15: Historical Standalone Income Statement
Historical Standalone Income Statement PARTICULARS (INR Mn) FY21 FY22 FY23 H1--FY24 Revenue from Operations 6,892 11,368 6,015 2,926 Total Expenses 6,901 11,054 7,106 3,239 EBITDA (9) 314 (1,091) (313) EBITDA Margins (%) NA 2.76% NA NA Other Income 20 18 234 253 Depreciation 390 436 441 222 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 H1-FY24 Revenue from Operations 9,570 14,969 9,451 4,579 Total Expenses 8,744 13,756 9,825 4,661 EBITDA 826 1,213 (374) (82) EBITDA Margins (%) 8.63% 8.10% NA NA Other Income 22 20 33 34 Depreciation 461 502 489 244 Finance
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 9,451 826 218 529 2.28% 3.53% 4,579 8.63% 8.10% FY21 FY22 FY23 H1-FY24 -9.19% -1.79% -11.11% -421 FY21 FY22 FY23-3.96% H1-FY24 -374 -82 -1,050 FY2
Slide 20: Capital Market Data
Capital Market Data Share Price up to 30th September, 2023 20% 10% 0% -10% -20% -30% -40% -50% Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Kiri Sensex Price Data (As on 30th September, 2023) INR Shareholding Pattern (As on 30th September, 2023) Face Value 10.0
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 fill of Colors THANK YOU