Kamdhenu's Q3 profits dip

05 Feb 2024 CW Team

In a recent financial report, Kamdhenu, a prominent player in the steel and paints industry, revealed a 7% decline in net profit for the third quarter of the fiscal year 2024. The company, which has been a stalwart in the market, is grappling with challenges brought about by the shifting economic landscape.

Kamdhenu's net profit fell to ?11 million during the mentioned quarter, reflecting the complex dynamics at play in the current business environment. Economic uncertainties, coupled with changes in consumer behavior, have contributed to this downturn, posing a formidable test for the company's resilience.

Industry analysts speculate that the ongoing global economic shifts, trade disruptions, and supply chain challenges may have influenced Kamdhenu's financial performance. The company's management, however, remains optimistic about implementing strategic measures to navigate these challenges and restore growth.

This financial development raises questions about the broader implications for the steel and paints sector, highlighting the need for industry stakeholders to adapt swiftly to the evolving market conditions. Investors and market observers are closely monitoring Kamdhenu's response strategies, anticipating their impact on the company's future financial outlook.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..