Kamdhenu Limited notes 71% surge in net profit for Q4 FY21
Steel

Kamdhenu Limited notes 71% surge in net profit for Q4 FY21

Kamdhenu Limited recorded a 71% increase in net consolidated profit during January-March.

In the fourth quarter of the fiscal year 2021, the company reported a profit after tax (PAT) of Rs 3.93 crore, up from Rs 2.30 crore in the previous fiscal quarter, according to a Bombay Stock Exchange(BSE) filing.

In Q4 FY21, the company's total income was Rs 222.43 crore, down 6% from Rs 235.83 crore in the same quarter in FY20.

Despite the impact of Covid-19, the company generated revenues of Rs 625.2 crore, earnings before interest, taxes, depreciation, and amortisation of Rs 49.8 crore, and PBT (excluding exceptional items) of Rs 31 crore for FY21, according to Chairman and Managing Director Satish Kumar Agarwal.

The company has also produced a strong operational cash flow of Rs. 50.2 crore, he added.

According to Agarwal, their paints segment reported revenue growth of 8% quarter-over-quarter in Q4 FY21.

In Q4 FY21, the steel segment saw a 10.5 % quarter-on-quarter volume increase and a revenue increase of over 27.9%.

Despite the disruption in Q1 FY21, total brand sales turnover increased by 21.1% quarter-on-quarter in Q4 FY21, resulting in a brand sales turnover of around Rs 12,000 crore.

Kamdhenu cites that their paint business accounts for 30.3% of revenues in Q4 FY21, while their steel business accounts for 69.7%.

Image Source


Also read: KIOCL Q4FY21 results: Net profit rises to Rs 301.17 cr

Also read: Ramco Cements’ Q4 results: Net profit jumps to Rs 216 cr in FY21

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Kamdhenu Limited recorded a 71% increase in net consolidated profit during January-March. In the fourth quarter of the fiscal year 2021, the company reported a profit after tax (PAT) of Rs 3.93 crore, up from Rs 2.30 crore in the previous fiscal quarter, according to a Bombay Stock Exchange(BSE) filing. In Q4 FY21, the company's total income was Rs 222.43 crore, down 6% from Rs 235.83 crore in the same quarter in FY20. Despite the impact of Covid-19, the company generated revenues of Rs 625.2 crore, earnings before interest, taxes, depreciation, and amortisation of Rs 49.8 crore, and PBT (excluding exceptional items) of Rs 31 crore for FY21, according to Chairman and Managing Director Satish Kumar Agarwal. The company has also produced a strong operational cash flow of Rs. 50.2 crore, he added. According to Agarwal, their paints segment reported revenue growth of 8% quarter-over-quarter in Q4 FY21. In Q4 FY21, the steel segment saw a 10.5 % quarter-on-quarter volume increase and a revenue increase of over 27.9%. Despite the disruption in Q1 FY21, total brand sales turnover increased by 21.1% quarter-on-quarter in Q4 FY21, resulting in a brand sales turnover of around Rs 12,000 crore. Kamdhenu cites that their paint business accounts for 30.3% of revenues in Q4 FY21, while their steel business accounts for 69.7%. Image Source Also read: KIOCL Q4FY21 results: Net profit rises to Rs 301.17 cr Also read: Ramco Cements’ Q4 results: Net profit jumps to Rs 216 cr in FY21

Next Story
Infrastructure Transport

Noida Airport Fuels NCR Realty Growth

The start of commercial operations at Noida International Airport has recently emerged as a major trigger for real estate growth across Noida, Greater Noida and the Yamuna Expressway region. The airport is expected to improve regional connectivity and support the next phase of development in eastern NCR.The airport, inaugurated on 28 March, has begun passenger services, while cargo operations are also expected to strengthen its role as an economic and logistics hub. Its operationalisation is expected to reduce dependence on Delhi’s Indira Gandhi International Airport for residents and busine..

Next Story
Technology

thyssenkrupp and GlobalLogic Form AI Alliance

thyssenkrupp AG and GlobalLogic, a Hitachi Group company, have recently formed a strategic alliance to deploy autonomous robotics and Physical AI across heavy industry operations. The partnership aims to improve safety, reduce engineering bottlenecks and accelerate industrial transformation at scale.The alliance brings together thyssenkrupp’s industrial expertise with Hitachi’s innovation capabilities. It includes GlobalLogic, Method and Hitachi America R&D, creating a “Lab-to-Scale” pipeline that connects research, digital strategy, design and enterprise software engineering for i..

Next Story
Real Estate

Platinum Corp Launches Luxury Suites in Santacruz

Platinum Corp has recently launched Platinum Stellar: Bespoke Presidential Suites, a premium residential project in Santacruz West, Mumbai. The development is positioned as a boutique luxury offering for homebuyers seeking expansive layouts, privacy and personalised living experiences.Located on Main Avenue, the project has been designed as a low-density, high-end residential address with spacious homes starting from 2,500 sq ft and extending to full-floor residences. The project targets HNIs, business owners and legacy residents from the Bandra-Khar-Santacruz belt.Platinum Stellar has been de..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement