Kiri Industries Limited · NSE:KIRIINDUS
Kiri Industries — Q2/H1-FY25 Earnings Presentation
22 slides from Kiri Industries's earnings presentation, Nov 13, 2024
Slide 1: Submission letter to stock exchanges for Q2/H1-FY25 earnings presentation
November 13, 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: Q2/H1-FY25 Earnings Presentation
Q2/H1-FY25|EARNINGS PRESENTATION
Slide 3: Company Overview
Company Overview Consolidated Revenue Break-up (INR Mn) 6,339 4,098 4,014 8,650 2,397 5,386 5,565 3,039 • Established in 1998, Kiri Industries Limited (KIL), is based out of Gujarat and has emerged as one of FY22 FY23 FY24 H1-FY25 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 FOUNDATION ACQUISITION: ACQUISITION: FOUNDATION: ACQUISITION: DyStar was founded in 1995 as a joint JOINT Color Texanlab Sustainable Emerald VENTURE OF: Solutions Textile Performance venture between Hoechst AG and Bayer AG and International Solutions Materials Bayer
Slide 6: Financial Highlights
Financial Highlights Q2-FY25 Financial Highlights (Consolidated) Q2-FY25 Financial Highlights (Standalone) Operational Operational EBITDA* EBITDA Margin* EBITDA* EBITDA Margin* Revenue Revenue INR 170 Mn 6.25% INR (52) Mn (3.57)% INR 2,722 Mn INR 1,455 Mn Net Profit* PAT Margin* Diluted EPS Net Prof
Slide 7: Q2/H1-FY25 Operational Highlights
Q2/H1-FY25 Operational Highlights Consolidated: • Q2-FY25 Consolidated revenues grew by 18% Y-O-Y growth; H1FY25 Consolidated revenues grew by 17% Y-O-Y • The Operational Expenses have increased by 8% mainly on account of increase in legal costs in relation to litigation against Senda International
Slide 8: Update on DyStar court case in Singapore
Update on DyStar court case in Singapore Kiri had filed an appeal against the SICC order dated 20 May 2024 for not awarding interest on buyout amount. Senda has also filed appeal against awarding priority payment to Kiri out of proceeds of Enbloc sale. The hearing on appeals at Court of Appeal (Sing
Slide 9: Q2/H1-FY25 Financial Highlights
Q2/H1-FY25 FINANCIAL HIGHLIGHTS 8
Slide 10: Q2-FY25 Standalone Income Statement
Q2-FY25 Standalone Income Statement PARTICULARS (INR Mn) Q2-FY25 Q2-FY24 Y-o-Y Q1-FY25 Q-o-Q Revenue from Operations 1,455 1,511 (3.7)% 1,680 (13.4)% Total Expenses 1,507 1,699 (11.3)% 1,685 (10.6)% EBITDA (52) (188) NA (5) NA EBITDA Margins (%) NA NA NA NA NA Other Income 24 2 NA 141 (83.0)% Deprec
Slide 11: H1-FY25 Standalone Income Statement
H1-FY25 Standalone Income Statement PARTICULARS (INR Mn) H1-FY25 H1-FY24 Y-o-Y Revenue from Operations 3,135 2,926 7.1% Total Expenses 3,192 3,239 (1.5)% EBITDA (57) (313) NA EBITDA Margins (%) NA NA NA Other Income 165 253 (34.8)% Depreciation 220 222 (0.9)% Finance Cost 137 91 50.5% PBT (249) (373
Slide 12: Q2-FY25 Consolidated Income Statement
Q2-FY25 Consolidated Income Statement PARTICULARS (INR Mn) Q2-FY25 Q2-FY24 Y-o-Y Q1-FY25 Q-o-Q Revenue from Operations 2,722 2,305 18.1% 2,652 2.6% Total Expenses 2,552 2,405 6.1% 2,484 2.7% EBITDA 170 (100) NA 168 1.2% EBITDA Margins (%) 6.25% NA NA 6.33% (8) Bps Other Income 49 20 NA 13 NA Depreci
Slide 13: H1-FY25 Consolidated Income Statement
H1-FY25 Consolidated Income Statement PARTICULARS (INR Mn) H1-FY25 H1-FY24 Y-o-Y Revenue from Operations 5,374 4,579 17.4% Total Expenses 5,036 4,661 8.0% EBITDA 338 (82) NA EBITDA Margins (%) 6.29% NA NA Other Income 62 34 82.4% Depreciation 236 244 (3.3)% Finance Cost 233 93 NA PBT (69) (385) NA T
Slide 14: Historical Financials
HISTORICAL FINANCIALS 13
Slide 15: Historical Standalone Income Statement
Historical Standalone Income Statement PARTICULARS (INR Mn) FY22 FY23 FY24 H1-FY25 Revenue from Operations 11,368 6,015 6,334 3,135 Total Expenses 11,054 7,106 6,967 3,192 EBITDA 314 (1,091) (633) (57) EBITDA Margins (%) 2.76% NA NA NA Other Income 18 234 366 165 Depreciation 436 441 442 220 Finance
Slide 16: Standalone Balance Sheet
Standalone Balance Sheet PARTICULARS (INR Mn) FY23 FY24 H1-FY25 PARTICULARS (INR Mn) FY23 FY24 H1-FY25 Equity 4,913 3,971 3,743 Non Current Assets 7,726 7,391 7,242 Equity Share Capital 518 518 518 a) Property, Plant and Equipment 4,736 4,369 4,198 Other Equity 4,395 3,453 3,225 b) Right of Use Asse
Slide 17: Historical Consolidated Income Statement
Historical Consolidated Income Statement PARTICULARS (INR Mn) FY22 FY23 FY24 H1-FY25 Revenue from Operations 14,969 9,451 9,492 5,374 Total Expenses 13,756 9,825 9,614 5,036 EBITDA 1,213 (374) (122) 338 EBITDA Margins (%) 8.10% NA NA 6.29% Other Income 20 33 87 62 Depreciation 502 489 486 236 Financ
Slide 18: Consolidated Balance Sheet
Consolidated Balance Sheet PARTICULARS (INR Mn) FY23 FY24 H1-FY25 PARTICULARS (INR Mn) FY23 FY24 H1-FY25 Equity 26,793 28,117 29,674 Non Current Assets 26,681 28,522 30,176 Equity Share Capital 518 518 518 a) Property, Plant and Equipment 5,081 4,695 4,509 Other Equity 26,275 27,599 29,156 b) Right
Slide 19: Consolidated Financial Highlights
Consolidated Financial Highlights Operational Revenue (INR Mn) EBITDA (INR Mn)* &EBITDA Margins (%)* PAT (INR Mn)* & PAT Margins (%)* 14,969 1,213 9,451 9,492 529 6.29% 3.53% 5,374 8.10% 338 FY22 FY23 FY24 H1-FY25 FY22 FY23 FY24 H1-FY25 -9.26% -2.79% -11.11% -3.96% -1.29% -150 -1,050 -879 -374 -122
Slide 20: Capital Market Data
Capital Market Data Share Price up to 30th September, 2024 80% 60% 40% 20% 0% -20% Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 Kiri Sensex Price Data (As on 30th September, 2024) INR Shareholding Pattern (As on 30th September, 2024) Face Value 10.00 Market Pri
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 Colonie THANK YOU