Kiri Industries Reports Financial Challenges Amid Rising Interest Costs and Declining Profits in March 2025

Kiri Industries, a small-cap player in the dyes and pigments industry, has recently reported its financial results for the quarter ending March 2025. The results indicate a notable shift in the company's financial landscape, with a revision in its score reflecting the challenges faced during this period.
The financial data reveals that Kiri Industries experienced a significant rise in interest costs, amounting to Rs 103.83 crore, which marks a substantial increase compared to the previous half-year period. This uptick suggests a reliance on increased borrowings. Additionally, the company's Profit Before Tax (PBT) has shown a marked decline, recorded at Rs -70.24 crore, which is considerably lower than the average PBT of the previous four quarters. Similarly, Profit After Tax (PAT) has also seen a drastic reduction, standing at Rs -84.64 crore, a stark contrast to the average PAT of Rs 81.45 crore from earlier quarters.

Net sales for Kiri Industries have also been affected, reported at Rs 205.02 crore, which is lower than the average sales figures from the previous four quarters. Furthermore, the Earnings per Share (EPS) has reached its lowest point in the last five quarters, indicating a decline in profitability and lower earnings for shareholders.

Overall, these financial results highlight the challenges Kiri Industries is currently navigating, leading to adjustments in evaluation metrics.

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