Kiri Industries announced that the Board of Directors of the Company at its meeting held on 29 June 2020, inter alia, have recommended the final dividend of Rs 0.5 per equity Share (i.e. 5%) , subject to the approval of the shareholders.

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Net profit of Kiri Industries reported to Rs 111.91 crore in the quarter ended March 2020 as against net loss of Rs 25.70 crore during the previous quarter ended March 2019. Sales declined 22.73% to Rs 298.24 crore in the quarter ended March 2020 as against Rs 385.96 crore during the previous quarter ended March 2019.

For the full year,net profit rose 128.80% to Rs 375.50 crore in the year ended March 2020 as against Rs 164.12 crore during the previous year ended March 2019. Sales declined 6.35% to Rs 1305.39 crore in the year ended March 2020 as against Rs 1393.83 crore during the previous year ended March 2019.

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Kiri Industries has resumed operations of plants situated at Vatva, Ahmedabad and Padra, Vadodarapartially resumed with effect from 27 April 2020, with limited production capacity, which would be ramped up gradually over a period of time.

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Net profit of Kiri Industries reported to Rs 136.84 crore in the quarter ended December 2019 as against net loss of Rs 8.65 crore during the previous quarter ended December 2018. Sales rose 4.42% to Rs 315.11 crore in the quarter ended December 2019 as against Rs 301.77 crore during the previous quarter ended December 2018.

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