Kiri Industries Limited has informed the Exchange about Transcript
KIRIINDUS · price
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Transcript of Q4 FY25 earnings call held on June 2, 2025. Standalone Q4 revenue grew 19% QoQ to INR 186.22 crores with EBITDA of INR 8.4 crores (vs loss of INR 10.6 crores YoY) and PAT of INR 1.8 crores (turnaround from INR 29 crores loss). FY25 standalone revenue was INR 655 crores (up ~4% YoY) with PAT of INR 4.4 crores. Major update: Signed Share Purchase Agreement on May 29, 2025 to sell 37.57% DyStar stake to Longsheng for $676.3 million plus $20.3 million additional, expected to close by October 2, 2025, bringing net post-tax proceeds of INR 5,200–5,300 crores. Management guided INR 1,500 crores revenue and 8–10% EBITDA for Dyes segment next year, and projected INR 45,000 crores annual revenue from copper/fertilizer project (Indo Asia Copper) requiring INR 8,000 crores CAPEX over 2–2.5 years.
Big near-term catalyst with INR 5,200–5,300 crores cash inflow expected by October 2025 from DyStar sale, with management confirming plans for shareholder rewards. Standalone turnaround is visible, but consolidated bottom line still shows losses due to associate accounting and high interest accruals. The ambitious INR 45,000 crores copper project carries significant execution risk given only 50% of copper concentrate offtake is tied up so far.