Kamdhenu Q1 Profit Surges 28% to Rs 15.43 cr | Business News
Aug 09, 2024 18:34
Steel maker Kamdhenu reported a 28% rise in profit after tax (PAT) to Rs 15.43 crore in the April-June quarter, driven by lower expenses.
New Delhi, Aug 9 (PTI) Steel maker Kamdhenu on Friday posted a 28 per cent rise in profit after tax (PAT) to Rs 15.43 crore in the April-June quarter on lower expenses.
It had reported a Rs 12.06 crore PAT in the April-June period of 2023-24.
The company's total income reduced to Rs 191.10 crore from Rs 210.45 crore in the first quarter a year ago, the company said in an exchange filing.
Expenses dropped to Rs 171.05 crore from Rs 194.26 crore in the same period a year ago.
Satish Kumar Agarwal, Chairman & Managing Director said: "During Q1 FY25, our revenue experienced a year-on-year decline...primarily due to the General Election and severe heat waves, which significantly impacted construction activities. We are confident that demand will improve as the government's has a strong focus on infrastructure."
Gurugram-based Kamdhenu is among the country's leading TMT manufacturing players having a market share of 20 per cent in the segment.
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