Latest news with #KiriIndustries
Business Standard
11-08-2025
- Business
- Business Standard
Kiri Industries allots 43.93 lakh equity shares on conversion of warrants
Kiri Industries has allotted 43,93,592 equity shares pursuant to conversion of 4393592 warrants (out of outstanding 9539038 Warrants) at an issue price of Rs. 369/- per share (including a premium of Rs. 359/-) (warrant issue price), to the promoters and members of the Promoter group, on a preferential basis. The Company has received balance consideration of Rs. 181/- per warrant i.e. 49.0515% of the warrants issue price, aggregating to Rs. 79,52,40,152/-. Pursuant to the aforesaid conversion, the paid-up equity share capital of the Company stands increased to Rs. 60,02,25,540/- divided into 60022554 fully paid-up Equity Shares of Rs.10/- each. The new equity shares so allotted shall rank pari-passu with the existing equity shares of the Company.
Business Standard
11-08-2025
- Business
- Business Standard
Kiri Industries consolidated net profit declines 89.00% in the June 2025 quarter
Sales rise 10.22% to Rs 202.12 crore Net profit of Kiri Industries declined 89.00% to Rs 10.14 crore in the quarter ended June 2025 as against Rs 92.19 crore during the previous quarter ended June 2024. Sales rose 10.22% to Rs 202.12 crore in the quarter ended June 2025 as against Rs 183.38 crore during the previous quarter ended June 2024. Particulars Quarter Ended Jun. 2025 Jun. 2024 % Var. Sales 202.12183.38 10 OPM % -8.020.09 - PBDT -40.988.83 PL PBT -52.57-2.12 -2380 NP 10.1492.19 -89
Business Upturn
11-08-2025
- Business
- Business Upturn
Kiri Industries Q1 results: Net loss widens to Rs 51.40 crore despite revenue rise of 10% YoY
Kiri Industries has reported a consolidated net loss of Rs 51.40 crore for the quarter ended June 30, 2025, compared to a loss of Rs 10.98 crore in the same quarter last year. On a sequential basis, the company had posted a net loss of Rs 63.80 crore in Q4 FY25. Revenue from operations stood at Rs 2,021.21 crore in Q1 FY26, marking a 10.2% year-on-year rise from Rs 1,833.78 crore in Q1 FY25, and slightly higher than Rs 2,050.20 crore reported in Q4 FY25. Total income for the quarter came in at Rs 2,368.86 crore, up from Rs 1,975.19 crore in the year-ago period. Total expenses surged to Rs 2,894.60 crore from Rs 1,996.45 crore in Q1 FY25, driven by higher cost of materials consumed (Rs 1,383.02 crore vs Rs 1,046.06 crore YoY) and elevated finance costs (Rs 595.45 crore vs Rs 54.69 crore YoY). Loss before tax stood at Rs 525.74 crore against Rs 21.25 crore in the same quarter last year. 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. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash 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.
India Gazette
06-07-2025
- Business
- India Gazette
Brazil BRICS Summit: Business leaders express optimism for PM Modi's visit
Rio de Janeiro [Brazil], July 6 (ANI): Anticipation is high among Indian business leaders attending the BRICS Summit in Brazil, as Prime Minister Narendra Modi's visit is expected to further strengthen India's global trade ties, particularly with Brazil and other BRICS nations. Shreyans Goyal, Chairman & MD of Shakti Groups, highlighted the significance of the summit in boosting bilateral trade and innovation. 'From the BRICS Summit, we expect a lot of bilateral trade and knowledge sharing between the BRICS countries... Brazil is a leading player of ethanol... In 2005, we first imported ethanol from Brazil into India, and now, today, we are standing at a point where, in the next few years, we'll be exporting ethanol from India,' Goyal said. He further emphasized expectations around 'technology transfer in the field of renewable energy, like ethanol and biodiesel and in the field of agriculture, digitalisation,' adding that 'India and Brazil have been the founding members, and our PM's visit will give a huge boost to India and Brazil trade.' Echoing the sentiment, Manish Kiri, Chairman of Kiri Industries, spoke of the dynamic interactions taking place among BRICS business leaders and officials. 'For the last three days, we have been having huge interactions with the BRICS countries and industries, business counterparts, policymakers. We have been receiving an upbeat response regarding India... Today, India is at its brightest spot. In the foreseeable future, India is going to be the fastest-growing economy in the world,' he said. Suresh Gondalia, Group Secretary of Kiri Industries, reinforced the importance of PM Modi's participation in the summit, stating, 'It is necessary for PM Modi to remain present here for the benefit of the other member countries. India has always been committed to supporting other nations.' Natu M Patel, Managing Director of Meghmani Organics Limited and FICCI Gujarat Vice Chairman, emphasized mutual interests in agriculture and technological exchange. 'We arrived a day before yesterday for the BRICS summit... Brazil has excellent technology. India has a lot to offer Brazil in the field of agriculture... Everyone views India as a results-oriented country,' Patel said. During the 17th BRICS Leaders' Summit (July 6-7), Prime Minister Modi will exchange views on key global issues, including peace and security, strengthening multilateralism, responsible use of artificial intelligence, climate action, global health, and economic and financial matters. According to the official statement, the Prime Minister is also likely to hold several bilateral meetings on the sidelines of the Summit. The BRICS includes 10 countries - Brazil, China, Egypt, Ethiopia, India, Indonesia, Iran, Russian Federation, South Africa, United Arab Emirates. (ANI)
Hans India
01-06-2025
- Business
- Hans India
Kiri Industries' net loss widens to Rs 85 crore in Q4, revenue drops
Kiri Industries Limited, a dye and chemical maker, has announced that the company posted a net loss of Rs 84.6 crore during the quarter (Q4 FY25), which is much higher than the Rs 9.6 crore loss it reported in the same period previous fiscal (Q4 FY24). Revenue also declined by 6.5 per cent, falling to Rs 205 crore in the last quarter of FY25 from Rs 219.3 crore a year ago, according to its stock exchange filing. Despite the disappointing earnings, the company made a major announcement along with the financial results. Kiri Industries has signed a Share Purchase Agreement (SPA) with Zhejiang Longsheng Group to sell its entire 37.57 per cent stake in DyStar, a global dyes and chemicals company. The base sale price is $676.26 million, which is roughly Rs 5,765 crore at current exchange rates. This deal is notable because the sale value is much higher than Kiri Industries' current market capitalisation, which stands at about Rs 3,800 crore. As part of the agreement, Zhejiang Longsheng Group will acquire 26.23 lakh equity shares held by Kiri Industries in DyStar. In addition to the base amount, Kiri Industries may also receive an extra $20.29 million. This would be paid if there is any shortfall in the base amount or if the buyer needs to fulfil other responsibilities under the agreement. However, the final amount could still change depending on certain conditions, the company said in its regulatory filing. The deal is still subject to regulatory approvals and other closing formalities. Once completed, this sale could provide a major cash boost to Kiri Industries and help reshape its business direction. Meanwhile, shares of Kiri Industries dropped 9.43 per cent on Friday to Rs 658 on the Bombay Stock Exchange (BSE). Kiri Industries Limited (KIL) is an Indian company engaged in the manufacturing and export of dyes, dye intermediates, and basic chemicals. As a fully integrated dyes and chemicals producer, KIL operates a wide range of facilities. The company is listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
