Kiri Industries Q3FY22 PAT inches to Rs24.50 crore, revenue rises by 38.40% yoy

11 Feb 2022 , 03:46 PM

Kiri Industries Ltd.’s consolidated revenue from operations for the nine months ended December 2021 was Rs1,080.10 crore as against Rs594.10 crore for the corresponding 9M period, up by 81.80% yoy. Earnings before depreciation, interest, and taxes (EBITDA) and before exceptional items for the nine months ended 31st December 2021 stood at Rs96.50 crore as compared to Rs33.50 crore for the previous 9M period, up by 188% yoy.

The consolidated revenue from operations for Q3FY22 was Rs429.40 crore, reflecting a growth of 38.4% yoy as compared to Rs310.30 crore in the previous corresponding quarter.

EBITDA for the quarter ended 31st December 2021 stood at Rs48.50 crore recording an increase of 24% yoy, as compared to Rs39.10 crore in the previous year’s corresponding quarter.

Consolidated profit after tax for Q3FY22 was Rs24.50 crore as compared to Rs20.50 crore in Q3FY21. Its Consolidated PAT for 9M ended December 2021 was reported at Rs43.70 crore as against a loss of Rs174 crore in 9M period ended December 2020.

EBIDTA margin for the quarter ended December 2021 reported at 11.29%, against 12.60% in the previous corresponding quarter, short by 131 bps. PAT margin for the current quarter settled at 5.71%.

EBIDTA and PAT margin for the 9-month ended December 2021 settled at 8.93%, and 4.05% respectively.

Kiri Industries ended at Rs494.75 down by Rs7.25 or 1.44% from its previous closing of Rs502 on the BSE. The scrip touched an intraday high and low of Rs506.50 and Rs489.30 respectively.