{"id":142952,"date":"2023-02-28T03:43:15","date_gmt":"2023-02-28T08:43:15","guid":{"rendered":"https:\/\/44.250.171.167\/?p=142952"},"modified":"2023-02-28T03:43:17","modified_gmt":"2023-02-28T08:43:17","slug":"kiri-industries-limited-q3-fy23-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/kiri-industries-limited-q3-fy23-earnings-conference-call-insights\/","title":{"rendered":"Kiri Industries Limited Q3 FY23 Earnings Conference Call Insights"},"content":{"rendered":"<p><strong>Key highlights from Kiri Industries Limited (<a href=\"https:\/\/44.250.171.167\/symbol\/KIRIINDUS\/\">KIRIINDUS<\/a>) Q3 FY23 Earnings Concall<\/strong><\/p>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>[00:11:25] Manan Shah from Moneybee Investment enquired about the amount involved in the Senda legal cost. Manish Kiri MD said that the company was awarded SGD8.11 million in legal costs from Senda, which the latter failed to honor. As a result, Kiri has taken enforcement actions against Senda.<\/li>\n<\/ul>\n<ul>\n<li>[00:19:36] Vaibhav Badjatya at Honesty and Integrity asked if the Longsheng Group has any assets in Singapore. Manish Kiri MD answered that the main asset that DyStar has in Singapore is their shares of DyStar.<\/li>\n<\/ul>\n<ul>\n<li>[00:20:52] Vaibhav Badjatya at Honesty and Integrity enquired if competition from China in the dye intermediary market will come back in a sustainable manner in the next 4-5 years. Manish Kiri MD replied that Chinese imports of intermediates into India are still coming at lower prices and this pressure is expected to continue for the next 2-3 years. Going forward, the flow of imports from China may be reduced if domestic consumption increases but until then, there is likely to be a continued pressure from Chinese imports.<\/li>\n<\/ul>\n<ul>\n<li>[00:42:59] Saumya Kumar from Ambit Capital asked what KIRIINDUS has spent on the legal proceedings so far and if the company is planning to recover that also. Manish Kiri MD clarified that the company has spent much larger than SGD8.11 million since 2015, but court has awarded only 8.11 million.<\/li>\n<\/ul>\n<ul>\n<li>[00:43:45] Saumya Kumar from Ambit Capital asked about the SICC\u2019s judgment on valuation of DyStar share and if the 553,000 tonnes is a final part of the legal proceeding. Manish Kiri MD clarified that this is the final part of deciding the final number.<\/li>\n<\/ul>\n<ul>\n<li>[00:45:22] Saumya Kumar from Ambit Capital asked if KIRI feels the Senda deal might not go through. \u00a0Manish Kiri MD replied that there is doubt and suspicion that Senda will not be able to pay the 600 million buyout order since they have yet to pay a small amount of legal costs.<\/li>\n<\/ul>\n<ul>\n<li>[00:55:10] Namit Mehta from KC Capital enquired about having dividend from Lonsen Kiri in 3Q and the expectation going forward. Manish Kiri MD answered that the dividend was requested by Kiri and approved by the Board and then given of INR6.86 crores. Kiri expects the practice to continue.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from Kiri Industries Limited (KIRIINDUS) Q3 FY23 Earnings Concall Q&amp;A Highlights: [00:11:25] Manan Shah from Moneybee Investment enquired about the amount involved in the Senda legal cost. Manish Kiri MD said that the company was awarded SGD8.11 million in legal costs from Senda, which the latter failed to honor. As a result, Kiri [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"Kiri Industries Limited Q3 FY23 Earnings Conference Call Insights #KIRIINDUS #Q3 #FY23 #Earnings #Stocks","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,392,5753],"tags":[8519,10169],"class_list":["post-142952","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-industrials","tag-chemicals","tag-earnings"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":138226,"url":"https:\/\/alphastreet.com\/india\/kiri-industries-limited-q2-fy23-earnings-conference-call-insights\/","url_meta":{"origin":142952,"position":0},"title":"Kiri Industries Limited Q2 FY23 Earnings Conference Call Insights","author":"Praveen","date":"November 30, 2022","format":false,"excerpt":"Key highlights from Kiri Industries Limited (KIRIINDUS) Q2 FY23 Earnings Concall Management Update: [00:04:00] KIRIINDUS said the margins of dyes intermediate units of the industry and company were impacted by high RM prices that remained high for last couple of quarters and also high legal cost and lengthier payment cycles.\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":141498,"url":"https:\/\/alphastreet.com\/india\/kiri-industries-limited-kiriindus-q3-fy23-earnings-concall-transcript\/","url_meta":{"origin":142952,"position":1},"title":"Kiri Industries Limited (KIRIINDUS) Q3 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"February 14, 2023","format":false,"excerpt":"Kiri Industries Limited (NSE:KIRIINDUS) Q3 FY23 Earnings Concall dated Feb. 13, 2023. Corporate Participants: Manish P. Kiri\u00a0--\u00a0Managing Director Analysts: B. Suresh\u00a0--\u00a0Braham Financials -- Analyst Manan Shah\u00a0--\u00a0Moneybee Investment -- Analyst Unidentified Participant\u00a0--\u00a0-- Analyst V.P. Rajesh\u00a0--\u00a0Banyan Capital Advisors -- Analyst Ashit Koti\u00a0--\u00a0Individual Investor -- Analyst Kashyap\u00a0--\u00a0Kiri Industries -- Analyst Soumya Kumar\u00a0--\u00a0Ambit Capital\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"Earnings Conference Call Transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":176228,"url":"https:\/\/alphastreet.com\/india\/kiri-industries-limited-kiriindus-q2-2025-earnings-call-transcript\/","url_meta":{"origin":142952,"position":2},"title":"Kiri Industries Limited (KIRIINDUS) Q2 2025 Earnings Call Transcript","author":"News desk","date":"January 22, 2026","format":false,"excerpt":"Kiri Industries Limited (NSE: KIRIINDUS) Q2 2025 Earnings Call dated Nov. 14, 2024 Corporate Participants: Manish Kiri \u2014 Chairman and Managing Director Analysts: Nupur Jainkunia \u2014 Analyst Suresh \u2014 Analyst Yash \u2014 Analyst Arun \u2014 Analyst Pradeep Rawat \u2014 Analyst Manoj Bhura \u2014 Analyst Vivek Joshi \u2014 Analyst Aniket Gara\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":177695,"url":"https:\/\/alphastreet.com\/india\/when-cash-is-worth-more-than-the-company-ft-kiri-industries\/","url_meta":{"origin":142952,"position":3},"title":"When Cash Is Worth More Than the Company Ft Kiri Industries","author":"Chirag Gupta","date":"January 26, 2026","format":false,"excerpt":"India isn\u2019t a market where you routinely find stocks trading at deep discounts. It\u2019s even rarer to find companies where the cash sitting on the balance sheet is worth more than the entire enterprise value. Kiri Industries is one of those rare exceptions. At today\u2019s prices, Kiri Industries has a\u2026","rel":"","context":"In &quot;Analysis&quot;","block_context":{"text":"Analysis","link":"https:\/\/alphastreet.com\/india\/category\/stock-analysis\/"},"img":{"alt_text":"Kiri Chemicals","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Kiri-Chemicals.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Kiri-Chemicals.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Kiri-Chemicals.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Kiri-Chemicals.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Kiri-Chemicals.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":133793,"url":"https:\/\/alphastreet.com\/india\/nucleus-software-exports-limited-q1-fy23-earnings-conference-call-insights\/","url_meta":{"origin":142952,"position":4},"title":"Nucleus Software Exports Limited Q1 FY23 Earnings Conference Call Insights","author":"Praveen","date":"September 9, 2022","format":false,"excerpt":"https:\/\/youtu.be\/P3iC0E3uxLk Key highlights from Nucleus Software Exports Limited (NUCLEUS) Q1 FY23 Earnings Concall Q&A Highlights: Vaibhav Badjatya with HNI Investment asked about the number of employees for June ending. Anurag Mantri CFO replied that the associates count as of June 30 stands at 1,756. Vaibhav Badjatya of HNI Investment also\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":138126,"url":"https:\/\/alphastreet.com\/india\/great-eastern-shipping-company-ltd-q2-fy23-earnings-conference-call-insights\/","url_meta":{"origin":142952,"position":5},"title":"Great Eastern Shipping Company Ltd Q2 FY23 Earnings Conference Call Insights","author":"Praveen","date":"November 28, 2022","format":false,"excerpt":"Key highlights from Great Eastern Shipping Company Ltd (GESHIP) Q2 FY23 Earnings Concall Management Update: [00:01:12] GESHIP said it declared its best-ever quarter of profits. The company finished 2Q23 with more cash than debt and is has zero net debt currently. Q&A Highlights: [00:15:47] Amit Khetan from Laburnum Capital asked\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/142952","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1767"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=142952"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/142952\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125416"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=142952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=142952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=142952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}