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Kamdhenu Ltd News

Kamdhenu Q4 result: PAT up 56% at Rs 17 cr, total income rises to Rs 184 cr

Steel maker Kamdhenu Ltd on Monday posted a 56 per cent rise in net profit to Rs 16.8 crore in the March quarter compared to Rs 10.8 crore in the year-ago period on the back of higher income. Its total income rose to Rs 184 crore in the period under review from Rs 168 crore in the January-March quarter of FY23. The company's total expenses also rose to Rs 161.59 crore as against Rs 153.22 crore in the year-ago period. The board of directors have recommended a final dividend of Rs 2 per equity share of face value of Rs 10 each for the financial year ended March 31, 2024. In a separate statement, Kamdhenu Ltd CMD Satish Kumar Agarwal said the company is raising Rs 100 crore through an issue of convertible warrants on a preferential basis over the next 18 months. Of this, it has already received Rs 24.27 crore. "Through the capital raise, the company will look to re-model the franchisee business by acquiring stake strategically in some of the franchisee units, invest in existing and

Kamdhenu Q4 result: PAT up 56% at Rs 17 cr, total income rises to Rs 184 cr
Updated On : 06 May 2024 | 8:02 PM IST

Kamdhenu Q3 results: Profit falls 7% to Rs 11 cr, income falls to Rs 157 cr

TMT maker Kamdhenu Ltd on Monday posted a 7 per cent decline in its net profit to Rs 11.14 crore during the December 2023 quarter, mainly due to lower income. It had clocked a net profit of Rs 12.02 crore during the October-December period of the preceding 2022-23 fiscal, the company said in an exchange filing. The company's total income fell to Rs 157.45 crore from Rs 183.17 crore in the year-ago quarter. However, it trimmed its expenses to Rs 142.43 crore from Rs 167.06 crore a year ago. In a statement, Kamdhenu CMD Satish Agarwal said, "In (April-December) 9M FY24, revenues marginally de-grew by 3 per cent year-on-year (y-o-y) to Rs 549 crore. EBITDA stood at Rs 43 crore and PAT increased by 10 per cent y-o-y to Rs 33 crore. Our total brand sales turnover for 9M FY24 stood at Rs 15,700 crore". The decrease in revenues and EBITDA is primarily attributed to a temporary reduction in construction activities in the Delhi NCR region during the third quarter due to the implementation

Kamdhenu Q3 results: Profit falls 7% to Rs 11 cr, income falls to Rs 157 cr
Updated On : 29 Jan 2024 | 9:05 PM IST