Kiri Industries Reports Mixed Financial Results Amid Rising Borrowing Costs and Improved Debtors Turnover in June 2025

Kiri Industries, a small-cap player in the dyes and pigments industry, has recently released its financial results for the quarter ending June 2025. The company has experienced notable shifts in its financial metrics, leading to adjustments in its evaluation.
One positive aspect highlighted in the financial results is the Debtors Turnover Ratio, which has reached its highest level in the last five half-yearly periods at 6.81 times. This indicates that Kiri Industries has been effective in settling its debtors more swiftly, which could enhance cash flow management.

Conversely, the financial results also reveal challenges for Kiri Industries. The Profit Before Tax (PBT) has shown a significant decline, recorded at Rs -87.34 crore, reflecting a notable shift compared to the average PBT of the previous four quarters. Similarly, the Profit After Tax (PAT) has also decreased sharply to Rs 10.14 crore, marking a substantial drop from the average PAT of the last four quarters. Additionally, the company has reported its highest interest expense in the last five quarters at Rs 59.54 crore, indicating increased borrowing costs. Furthermore, cash and cash equivalents have reached their lowest point in the last six half-yearly periods, suggesting a decline in short-term liquidity.

Overall, Kiri Industries' recent financial results indicate a complex landscape of both positive and negative trends, leading to a revision in its score.

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