Latest news with #Kiri
Yahoo
2 days ago
- Business
- Yahoo
Kiri Industries Ltd (BOM:532967) Q4 2025 Earnings Call Highlights: A Turnaround in ...
Standalone Q4 FY25 Revenue: INR186.22 crores, up 19% quarter on quarter. Standalone Q4 FY25 EBITDA: INR8.4 crores, compared to an EBITDA loss of INR10.6 crores in Q4 FY24. Standalone Q4 FY25 Profit After Tax: INR1.8 crores, a turnaround from a loss of INR29 crores in Q4 FY24. Standalone FY25 Revenue: INR655 crores, a 4% year-on-year increase. Standalone FY25 EBITDA Loss: INR44 crores, improved from a loss of INR63 crores in FY24. Standalone FY25 Profit After Tax: INR4.4 crores, reversing a loss of INR94 crores in FY24. Consolidated Q4 FY25 Revenue: INR205 crores, a 6.5% year-on-year decline. Consolidated Q4 FY25 EBITDA Loss: INR5 crores, compared to a loss of INR10 crores in Q4 FY24. Consolidated Q4 FY25 Net Loss: INR64 crores, compared to INR29 crores in Q4 FY24. Consolidated FY25 Revenue: INR740 crores, a 4.4% increase. Consolidated FY25 EBITDA Loss: INR54 crores, improved from a loss of INR60 crores in FY24. Consolidated FY25 Net Loss: INR108 crores, compared to INR91 crores in FY24. DyStar Share of Profit: INR373 crores, with no impact on Kiri's stake valuation. DyStar Stake Sale Agreement: 37.57% stake to Longsheng for $676.3 million, with potential additional $20.3 million. Projected Revenue from Copper and Fertilizer Project: Exceeding INR45,000 crores annually. Funding Facility Secured: USD130 million by Claronex Holdings, backed by corporate guarantee and DyStar shares. Warning! GuruFocus has detected 6 Warning Signs with BOM:532967. Release Date: June 02, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Kiri Industries Ltd (BOM:532967) reported a strong sequential performance with a 19% increase in revenue from operations in Q4 FY25, reaching INR186.22 crores. The company achieved a significant turnaround with a profit after tax of INR1.8 crores in Q4 FY25, compared to a loss of INR29 crores in the same quarter of the previous year. For the financial year ending 2025, the standalone revenue grew by approximately 4% year-on-year, and the EBITDA loss reduced from INR63 crores to INR44 crores. A significant breakthrough was made in the DyStar matter, with a share purchase agreement signed to sell a 37.57% stake for a base consideration of $676.3 million. The company's greenfield project in copper and fertilizer is progressing well, with Phase 1 requiring around INR8,000 crores of investment and projected annual revenue exceeding INR45,000 crores. On a consolidated basis, the revenue from operations for Q4 declined by about 6.5% year-on-year, with an EBITDA loss of around INR5 crores. The net loss for the quarter before the share of profit of associate was about INR64 crores, compared to INR29 crores in Q4 FY24. For the financial year ending 2025, the consolidated net loss increased to INR108 crores from INR91 crores in the previous year. The company faces challenges in securing copper concentrate contracts, with only 50% of the requirement tied up so far. Legal expenses remain significant, although they are expected to reduce by half in the coming quarters. Q: Could you clarify the revenue guidance mentioned in the introductory remarks? A: The company has set a target to achieve INR1,500 crores in consolidated revenue for the next year, with an expected EBITDA margin of 8% to 10% as legal costs decline. - Manishkumar Kiri, Executive Chairman and Managing Director Q: What constitutes the other income, and why has there been a decline in the top line over the past three years? A: The change in top line is due to a shift in accounting practices, where Lonsen Kiri is now consolidated as a share of profit from associates rather than line-by-line. Other income includes dividend income from joint ventures. - Manishkumar Kiri, Executive Chairman and Managing Director Q: Can you provide details on the DyStar sale proceeds and the expected timeline for receiving the funds? A: The sale of a 37.57% stake in DyStar to Longsheng is expected to close by October 2, 2025, with a base consideration of $676.3 million plus an additional $20.3 million potentially payable. There is a 30-day extension period if needed. - Manishkumar Kiri, Executive Chairman and Managing Director Q: What are the plans for the copper and fertilizer project, and how will it impact the company's financials? A: The greenfield project under Indo Asia Copper Limited requires an investment of around INR8,000 crores, with projected annual revenue exceeding INR45,000 crores. The project includes value-added copper products and improved technology for better margins. - Manishkumar Kiri, Executive Chairman and Managing Director Q: How will the company manage the volatility in copper prices, and what is the strategy for sourcing copper concentrate? A: The company plans to mitigate price volatility by focusing on value-added products and efficient sourcing. Contracts for copper concentrate are being secured, with 50% already tied up from regions like Chile, Africa, and Peru. - Manishkumar Kiri, Executive Chairman and Managing Director For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Upturn
6 days ago
- Business
- Business Upturn
Why are Kiri Industries shares falling nearly 7% today? Explained
Shares of Kiri Industries fell over 6% to ₹682.25 in early trade on May 30, reacting negatively to the company's announcement of a major stake sale in DyStar Global Holdings. The sharp decline—nearly 7% at one point—comes despite the seemingly positive development. On May 29, 2025, Kiri Industries signed a Share Purchase Agreement (SPA) with Zhejiang Longsheng Group Co., Ltd to divest its entire 37.57% stake in DyStar Global Holdings (Singapore) Pte. Ltd. The agreement was signed alongside court-appointed receivers from Deloitte & Touche LLP. As per the terms, Zhejiang Longsheng will acquire 26,23,354 equity shares for a base consideration of USD 676.26 million. An additional USD 20.29 million may be paid for shortfall adjustments or other SPA obligations. The deal may see further adjustments depending on final terms. This transaction was mandated by the Singapore International Commercial Court (SICC), which in February 2024 ordered an en-bloc sale of DyStar stakes held by Kiri and Senda International Capital. The deal is subject to standard regulatory approvals and has a long-stop date of October 2, 2025, extendable to November 3, 2025. Despite the high valuation of the deal, Kiri shares came under pressure as investors weighed the lengthy timeline for deal completion and uncertainty over the immediate earnings impact. J.P. Morgan Securities Asia is advising Kiri on the deal. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
RNZ News
18-05-2025
- RNZ News
Popular $700 ‘Geedup' hoodie at centre of Youth Court trial in Tauranga
By Hannah Bartlett, Open Justice reporter of Geedup hoodies range in price, but typically cost hundreds of dollars. Photo: Open Justice/NZME This story is about a Youth Court hearing that is subject to statutory suppressions. Names have been changed to protect identities. A teenage girl claims she was "kicked in the head" by another teen, after she refused to hand over a $700 Geedup hoodie she'd been given for Christmas. The other teen claims they agreed to swap clothing, and the girl only complained after being questioned by her grandmother about why she went out in an expensive hoodie and came home in a $40 puffer jacket. The case ended up in the Youth Court in Tauranga, where it was up to a judge to decide who was telling the truth - Jessie, the girl who owned the hoodie, or Kiri, who was charged with robbery after allegedly using violence to gain the hoodie. Jessie told a judge they were smoking cannabis at a house, when Kiri starting asking if she could have her Geedup hoodie. "That was my pride and joy. I wasn't willing to give up my jersey." She said Kiri continued asking, and was getting "angrier and angrier". "I could tell that she wasn't asking, she was starting to demand my jersey," Jessie said. She said she was sitting on the floor and Kiri was sat on the end of the bed, before the alleged assault. Jessie said she could tell "something bad was about to happen" and then Kiri "lent back and kicked me in the head". She'd been "booted" in the middle of the forehead with Kiri's left foot and had "seen stars". She told the court she hadn't wanted to be assaulted further, so she took off her hoodie and gave it to Kiri. The girl then left the house with a puffer jacket that Kiri had "thrown" at her, after she'd received the Geedup. Jessie said she met up with Kiri, whom she'd become acquainted with online through a mutual friend, after they'd messaged over social media about having a cannabis-smoking "session". They both agreed that Jessie brought a bong, but Jessie said she hadn't provided any "weed", because she'd been looking for someone to "shout" her a session. Kiri said they both had "tinnies" and, after meeting near Mount Maunganui's Bayfair Mall, the pair had gone to her cousin's house nearby. The two girls and Kiri's cousin had been smoking, when things allegedly came to a head. Jessie said Kiri began to repeatedly ask her for her $700 "Handstyle Geedup" hoodie, which she'd received as a present from her mother. After the alleged assault, Jessie said she headed back to Bayfair to catch a bus home and had been messaging her mum as she walked. She read out messages produced as evidence. The first one she sent about the alleged interaction with Kiri said: "She literally kicked me in the head." Her mother said: "That's why Nan said not to go out with her." Jessie replied: "I should have listened, but I never get to go out and then, when I do, this happens." Her mother replied that it was "$700 down the drain". Jessie said, when she got home, she went straight to her room to lie down and later started "uncontrollably vomiting". She told family members she lived with what had happened and was monitored at home by her grandmother, who is a nurse. Her uncle had taken "a mate" around to Kiri's house to get the sweatshirt back. Jessie was taken to the doctor a "couple of days later", where she reported symptoms of a minor concussion, but no visible injuries were noted. The defence put to Jessie there had been no assault and that there had simply been a clothing swap between the girls that she later regretted. "Isn't it the case that you actually agreed to swap the hoodie with the puffer jacket until the next day, when you were going to swap back?" Kiri's lawyer Mary-Ann McCarty said, during cross-examination. "That is not what happened, because I would not swap my $700 hoodie for something that looked like a $40 puffer jacket," Jessie replied. McCarty asked if, when she went home with the "$40 puffer jacket on", her grandmother had asked where the hoodie was. "She was furious, because she knew that you had swapped a $700 hoodie for a $40 puffer jacket." "Actually, she was furious at the fact I had been kicked in the head and my hoodie had been taken," Jessie said. McCarty said, when faced with the anger of her grandmother at swapping clothes, Jessie had made up that story. Jessie denied this, but didn't have an explanation for why she'd taken the puffer jacket or been offered it, if the hoodie had been taken by force. She told McCarty she hadn't been affected by the cannabis and was still "pretty straight" at the time of the assault. Kiri told the court she hadn't assaulted Jessie and that she'd been surprised when Jessie's uncle had turned up to collect the sweatshirt that night, as the plan had been to swap back at Bayfair the next day. She said if she had kicked her, she would have "owned up to it". Judge Louis Bidois pointed to text messages between Jessie and her mother, and said that "they don't tell the whole story". "The exchange does not include the fact that the jersey had been taken, albeit there is the comment '$700 down the drain'. There's obviously further context, other messages, so effectively they are selective." There was no evidence from "a cousin" who was present throughout the incident nor from Jessie's uncle, who had recovered the hoodie and returned the puffer jacket. The question for the judge was who he believed. While Jessie was "far more articulate" than Kiri, that didn't mean she was more truthful, the judge said. Judge Bidois said he found that Jessie was "probably telling the truth", but he couldn't discount Kiri's denial. He found the charge was not proven and dismissed it. * This story originally appeared in the New Zealand Herald .
NZ Herald
17-05-2025
- NZ Herald
Popular $700 ‘Geedup' hoodie at the centre of Youth Court trial in Tauranga
Jessie told a judge they were smoking cannabis at a house when Kiri starting asking if she could have her Geedup hoodie. 'That was my pride and joy, I wasn't willing to give up my jersey.' She said Kiri continued asking, and was getting 'angrier and angrier'. 'I could tell that she wasn't asking, she was starting to demand my jersey,' Jessie said. She said she was sitting on the floor and Kiri was sat on the end of the bed before the alleged assault. Jessie said she could tell 'something bad was about to happen' and then Kiri 'lent back and kicked me in the head'. She'd been 'booted' in the middle of the forehead with Kiri's left foot and had 'seen stars'. She told the court she hadn't wanted to be assaulted further, so she took off her hoodie and gave it to Kiri. The girl then left the house with a puffer jacket that Kiri had 'thrown' at her after she'd received the Geedup. . Mutual friends and smoking session Jessie said she met up with Kiri, whom she'd become acquainted with online through a mutual friend, after they'd messaged over social media about having a cannabis-smoking 'session'. They both agreed that Jessie had brought a bong, but Jessie said she hadn't provided any 'weed' because she'd been looking for someone to 'shout' her a session. Kiri said they both had 'tinnies' and, after meeting near Mount Maunganui's Bayfair mall, the pair had gone to her cousin's house nearby. The two girls, and Kiri's cousin, had been smoking when things allegedly came to a head. Jessie said Kiri began to repeatedly ask her for her $700 'Handstyle Geedup' hoodie, which she'd received as a present from her mother. After the alleged assault, Jessie said she headed back to Bayfair to catch a bus home and had been messaging her mum as she walked. She read out messages produced as evidence. The first one she sent about the alleged interaction with Kiri said: 'She literally kicked me in the head'. Her mother said: 'That's why Nan said not to go out with her.' Jessie replied: 'I should have listened but I never get to go out and then when I do, this happens.' Her mother replied that it was '$700 down the drain'. Jessie said when she got home she went straight to her room to lie down, and later started 'uncontrollably vomiting'. She told family members she lived with what had happened, and was monitored at home by her grandmother, who is a nurse. Her uncle had taken 'a mate' around to Kiri's house to get the jersey back. Jessie was taken to the doctor a 'couple of days later' where she reported symptoms of a minor concussion, but no visible injuries were noted. Defence: A regretted clothing swap The defence put to Jessie there had been no assault, and that there had simply been a clothing swap between the girls that she later regretted. 'Isn't it the case that you actually agreed to swap the hoodie with the puffer jacket until the next day, when you were going to swap back?' Kiri's lawyer Mary-Ann McCarty said during cross-examination. 'That is not what happened because I would not swap my $700 hoodie for something that looked like a $40 puffer jacket,' Jessie replied. McCarty asked if, when she went home with the '$40 puffer jacket on', her grandmother had asked where the hoodie was. 'She was furious because she knew that you had swapped a $700 hoodie for a $40 puffer jacket.' Advertise with NZME. 'Actually, she was furious at the fact I had been kicked in the head and my hoodie had been taken,' Jessie said. McCarty said when faced with the anger of her grandmother at swapping clothes, Jessie had made up that story. Jessie denied this, but didn't have an explanation for why she'd taken the puffer jacket, or been offered it, if the hoodie had been taken by force. She told McCarty she hadn't been affected by the cannabis and was still 'pretty straight' at the time of the assault. Kiri told the court she hadn't assaulted Jessie, and that she'd been surprised when Jessie's uncle had turned up to collect the jersey that night, as the plan had been to swap back at Bayfair the next day. She said if she had kicked her, she would have 'owned up to it'. Advertisement Advertise with NZME. What really happened? Judge Louis Bidois pointed to text messages between Jessie and her mother and said that 'they don't tell the whole story'. 'The exchange does not include the fact that the jersey had been taken, albeit there is the comment '$700 down the drain'... There's obviously further context, other messages, so effectively they are selective.' There was no evidence from 'a cousin' who was present throughout the incident, nor from Jessie's uncle, who had recovered the jersey and returned the puffer jacket. The question for the judge was who he believed. While Jessie was 'far more articulate' than Kiri, that didn't mean she was more truthful, the judge said. Judge Bidois said he found that Jessie was 'probably telling the truth' but he couldn't discount Kiri's denial. He found the charge was not proven and dismissed it.
Yahoo
11-03-2025
- Entertainment
- Yahoo
'Highly stressful' four-part mini series starring Stephen Graham hits Netflix this week
Adolescence, starring and co-written by Stephen Graham, hits Netflix this week, telling the chilling story of a 13-year-old boy accused of murdering a fellow pupil. The series is filmed in one continuous shot making for a 'highly stressful" viewing experience. The This Is England star described the plotline as "an ordinary family's worst nightmare", while co-writer Jack Thorne - writer of Help, Kiri and National Treasure - said he wanted the series to inspire a conversation "about technology, about education, about parenting". The BBC's Noor Nanji said the sneak-preview was 'highly stressful'. The opening scenes see police officers smashing their way into a house, arresting Graham's on-screen son, a 13-year-old boy (Owen Cooper) on suspected of murdering his female classmate. The 'visibly distressed' boy is then taken to a police station, while his family protest his innocence. This is not the first time Graham has used one continuous shot to build anxiety and dread in his viewers, with his thriller Boiling Point leaving viewers nauseous after an hour and 32 minutes of chaos. The drama, co-created and co-written by Stephen Graham, also features Top Boy's Ashley Walters and The Crown's Erin Doherty , both of whom Graham previously worked with on A Thousand Blows. READ MORE: Pensioner who pretended to live off disability allowance made vast sums from dodgy cigarettes READ MORE: The 'ticking time bomb' facing schools in Neath Port Talbot Explaining the "one-shot" process, director Philip Barantini told Netflix 'Basically, that means we press record on the camera and we don't press stop until the very end of the hour. But it's much more complicated than it sounds. It takes months of preparation and weeks of rehearsals and an incredible team of people to pull it off at every stage, from the script to the locations to the production design to where exactly the camera is going to be able to shoot and from what angle.' Adolescence will launch on Netflix on Thursday March 13, with each episode filmed in one unflinching and continuous shot. 'One of our aims was to ask, 'What is happening to our young men these days, and what are the pressures they face from their peers, from the internet, and from social media?' ' Graham said. 'And the pressures that come from all of those things are as difficult for kids here as they are the world over. Newcomer Owen Cooper plays the accused teenage murderer Jamie Miller, whilst Graham stars as Jamie's dad, Eddie Miller. Top Boy's Ashley Walters steps away from East London's crime warfare and joins the otherside as Detective Inspector Luke Bascombe Erin Doherty, best known for her potrayal of young Princess Anne in The Crown, plays Briony Ariston, the clinical psychologist assigned to Jamie's case. Christine Tremarco (The Responder) plays Jamie's mum, Manda Miller, and Faye Marsay (Game of Thrones) is Walters' on screen assistant as DS Misha Frank. Other actors include Mark Stanley (Happy Valley), Jo Hartley (After Life) and newcomer Amélie Pease as well as Austin Haynes, Jon Furlong and Connor Calland. For the latest TV and showbiz gossip sign up to our newsletter.
