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

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

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