Kamdhenu Sees 28% Profit Growth to Rs 15.43 Crore in Q1 FY25 Despite Revenue Decline
Kamdhenu's profit grows 28% to over Rs 15 crore in Q1 FY25 despite revenue decline due to general election and severe heat waves
KamdhenuSteel MakerQ1 Fy25Profit GrowthRevenue DeclineInfrastructure DevelopmentReal EstateAug 10, 2024
The company's expenses dropped to Rs 171.05 crore from Rs 194.26 crore in the same period a year ago, contributing to the growth in profit. Satish Kumar Agarwal, Chairman & Managing Director, attributed the decline in revenue to the general election and severe heat waves, which significantly impacted construction activities.
However, Agarwal expressed confidence that demand will improve as the government has a strong focus on infrastructure. Kamdhenu is among the country's leading TMT manufacturing players, with a market share of 20% in the segment.
The company's performance is a testament to its ability to navigate challenging market conditions. Despite the decline in revenue, Kamdhenu's profit growth is a positive sign for the steel industry.
Kamdhenu's focus on infrastructure development is likely to drive growth in the coming quarters. With the government's emphasis on infrastructure development, the demand for steel is expected to increase, benefiting companies like Kamdhenu.
The company's performance is also a reflection of its commitment to reducing costs and improving efficiency. The decline in expenses is a significant contributor to the growth in profit, demonstrating Kamdhenu's ability to manage its costs effectively.
Overall, Kamdhenu's Q1 FY25 performance is a positive sign for the company and the steel industry as a whole. Despite challenges, the company has demonstrated its ability to grow profitably and navigate challenging market conditions.
Frequently Asked Questions
What was Kamdhenu's profit after tax (PAT) in Q1 FY25?
Rs 15.43 crore
What was the reason for the decline in Kamdhenu's revenue in Q1 FY25?
General election and severe heat waves, which significantly impacted construction activities
What is Kamdhenu's market share in the TMT manufacturing segment?
20%
What is the government's focus that is expected to drive growth for Kamdhenu?
Infrastructure development
What was the decline in Kamdhenu's expenses in Q1 FY25?
Rs 171.05 crore from Rs 194.26 crore
Related News Articles
Union Budget 2024-25: Real Estate's Wish List for a Revival
The real estate sector pins hope on the Modi government for tax reliefs and sentiment boosters in the upcoming Union Budget 2024-25.
Israel's Airstrike in Syria Angers Putin's Ally, Days After Russia's Support for Palestine Nation
Two people killed in Israeli drone strike on vehicle in Syria, Damascus-Quneitra highway affected, Syria's state broadcaster reports
A Peek into Lee Min Ho's Lavish Seoul Home: The Mansion Worth Rs 37 Crore
Step into the luxurious world of K-drama superstar Lee Min Ho, whose stunning Seoul residence is a perfect blend of modernity and elegance. Here’s a detailed look at his lavish abode that you won't want to miss.
Godrej Properties Expands in Indore: A Strategic Land Acquisition
Godrej Properties, a prominent player in India's real estate sector, is extending its reach with the acquisition of a 24-acre land plot in Indore, valued at approximately Rs 200 crore. This move aligns with the company's strategy to tap into the growing d
Discover the Ultimate Township Living at Pride World City in Charholi
Pune, a city known for its vibrant culture and rapid urban development, is witnessing a significant shift in the real estate market. Township living is emerging as the new standard for urban excellence, and Pride World City in Charholi is leading the way.
Noida International Airport's Future on the Line: What It Means for Flights and Real Estate
The fate of the Noida International Airport is set to be decided on March 10, triggering significant anticipation and speculation. The airport's launch has already sparked a real estate boom in the surrounding areas, affecting property values and developm