NewswireToday - /newswire/ -
Noida, Uttar Pradesh, India, 2014/02/12 - Kamdhenu Steel recorded 117% hike at Rs. 20646 lacs in the third quarter of 2013-14 as compared to Rs. 9516 lacs posted during October-December quarter 2012 - INCLGroup.com.
Kamdhenu Ispat Limited, one of the prominent construction materials manufacturers in India, has posted more than 16% increment in the net profit during October-December 2013 quarter as against immediate previous quarter July-September 2013. The company’s net profit rose to Rs. 163 lacs in the third quarter of the current fiscal from Rs.140 lacs recorded immediate previous quarter ended September, 2013. However, net profit has posted 33% increment during October-December 2013 quarter as compared the same quarter ended December 2012.
The operational profit of Kamdhenu Ispat Limited witnessed 25% hike to Rs. 542 lacs in the reviewed quarter from Rs. 434 lacs of the corresponding quarter of last year. Whereas total net income of the company increased by 81% to Rs. 24434 lacs in December 2013 quarter from the total net income of Rs. 13431 lacs in the same quarter of previous year.
In the segment wise total sales revenue, Kamdhenu Steel recorded 117% hike at Rs. 20646 lacs in the third quarter of 2013-14 as compared to Rs. 9516 lacs posted during October-December quarter 2012. On the other hand, Kamdhenu Paints, The paint division of Kamdhenu Ispat Ltd., registered a notable over 12% increment in the sales income at Rs. 4965 lacs during October-December 2013 quarter from the quarter Rs. 4424 lacs of the preceding quarter July September 2013.
Mr. Satish Agarwal, CMD of Kamdhenu Ispat Limited, expressed satisfaction over the second quarter result and expressed to make it better in the Coming quarters. “Considering the volatile market scenario and sluggish industrial growth in the country, the September quarter results are very much on the expected line. Once again, our Paint segment has registered an impressive growth against two previous quarters. Hopefully the market sentiments will improve in the near future and we will achieve much higher graph of performance along with customer’s satisfaction which is always appreciated by Kamdhenu.” Mr Agarwal commented.
About Kamdhenu Ispat Limited
Kamdhenu Ispat Limited (KIL), a frontrunner company of Kamdhenu Group, is engaged in the manufacturing, marketing, branding and distribution of a broad spectrum of construction products including steel, paints, plywood. The company is an ISO 9001:2008 certified entity, listed on BSE and NSE with sales turnover of Rs.592 crores in F.Y 2012-13. However, the overall brand turnover of Kamdhenu products is more than Rs. 6,000 crores. The company is having more than 50 franchisee manufacturing units and 4000 dealers of paint division and 3500 dealers & distributors of steel, spread across the country.