Companies

TMT bar-maker Kamdhenu’s Q4 net rises 4%

Our Bureau New Delhi | Updated on May 02, 2019 Published on May 02, 2019

TMT bar manufacturer Kamdhenu Ltd on Thursday reported a 4.08 per cent increase in net profit for the quarter ended March 31, 2019 at ₹5.88 crore(₹ 5.64 crore). The total income fell 31 per cent to ₹258.35 crore (₹375.82 crore).

For 2018-19, the net profit grew 43.48 per cent to ₹22.47 crore (₹15.66 crore). Total income inched up 3.8 per cent to ₹1,232.77 crore (₹1,188.03 crore).

“We have been able to improve our profitability significantly during the year on the back of a conscious decision on changing our business strategy by way of reducing B2B trading sales,” said Satish Kumar Agarwal, Chairman and Managing Director. The board recommended a dividend of ₹1 per share, that is 10 per cent on ₹10 face-value share.

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on May 02, 2019
This article is closed for comments.
Please Email the Editor