Kamdhenu Paints witnesses 206% growth in net profit in FY22
Real Estate

Kamdhenu Paints witnesses 206% growth in net profit in FY22

Kamdhenu Limited told the media that it reported an increase of 206% in its consolidated net profit during the September quarter.

The company's profit after tax (PAT) stood at Rs 7.64 crore in the second quarter (Q2) of FY22, compared to Rs 2.50 crore in the previous fiscal year.

Its net consolidated total income stood at Rs 216.41 crore, with 58% growth from Rs 137.26 crore in the last quarter.

Chairman and Managing Director of Kamdhenu, Satish Kumar Agarwal, said that Q2 FY22 was a positive quarter with total revenue of Rs 215.5 crore. Its earnings before interest, taxes, depreciation and amortisation (EBITDA) is Rs 14 crore, and PAT is Rs 7.7 crore. The paint business has revenue growth of 58% year-on-year (YoY) in Q2 FY22. It witnessed a robust demand for steel products with increased construction activities.

The revenue generated from the steel business was Rs 152.65 crore, while the paint business stood at Rs 62.87 crore. During Q2 FY22, the paint business contributed 29% of the revenue, and the steel business contributed 71% of the revenue.

The National Company Law Tribunal (NCLT), Chandigarh, has approved the first movement towards the scheme of the arrangement, including the demerger of the paint business into a separate business.

After the approval, secured and unsecured creditors of the company in their meetings on 21 September under NCLT, Chandigarh, the company registered its second motion petition for its approval on 5 October.

Image Source

Also read: Kamdhenu Limited notes 71% surge in net profit for Q4 FY21
Also read: Kamdhenu Group to invest Rs 200 cr to expand paint business

Kamdhenu Limited told the media that it reported an increase of 206% in its consolidated net profit during the September quarter. The company's profit after tax (PAT) stood at Rs 7.64 crore in the second quarter (Q2) of FY22, compared to Rs 2.50 crore in the previous fiscal year. Its net consolidated total income stood at Rs 216.41 crore, with 58% growth from Rs 137.26 crore in the last quarter. Chairman and Managing Director of Kamdhenu, Satish Kumar Agarwal, said that Q2 FY22 was a positive quarter with total revenue of Rs 215.5 crore. Its earnings before interest, taxes, depreciation and amortisation (EBITDA) is Rs 14 crore, and PAT is Rs 7.7 crore. The paint business has revenue growth of 58% year-on-year (YoY) in Q2 FY22. It witnessed a robust demand for steel products with increased construction activities. The revenue generated from the steel business was Rs 152.65 crore, while the paint business stood at Rs 62.87 crore. During Q2 FY22, the paint business contributed 29% of the revenue, and the steel business contributed 71% of the revenue. The National Company Law Tribunal (NCLT), Chandigarh, has approved the first movement towards the scheme of the arrangement, including the demerger of the paint business into a separate business. After the approval, secured and unsecured creditors of the company in their meetings on 21 September under NCLT, Chandigarh, the company registered its second motion petition for its approval on 5 October. Image Source Also read: Kamdhenu Limited notes 71% surge in net profit for Q4 FY21 Also read: Kamdhenu Group to invest Rs 200 cr to expand paint business

Next Story
Resources

Master Builders Solutions Forges Path into India Market with MBT-Construction Chemicals

Master Builders Solutions, a global leader in innovative concrete admixtures and solutions for the construction industry, announces its strategic expansion into the dynamic Indian market. Leveraging its expertise and advanced solutions, Master Builders Solutions aims to address the growing demand for sustainable, high-performance construction materials across various sectors in India. The move into India represents a significant milestone for Master Builders Solutions, aligning with its commitment to delivering cutting-edge solutions worldwide. With a rapidly evolving construction landscape in..

Next Story
Resources

TrucksUp collaborates with AU Small Finance Bank to empower aspiring buyers and small fleet owners

TrucksUp has announced a strategic partnership with AU Small Finance Bank Ltd to offer economic, easy and hassle-free financing solutions for used trucks focusing on driver and transport business community. This partnership tactically aims to support small fleet owners in India by providing low EMI loans at competitive interest rates. Their target audience can also benefit from refinancing options on existing trucks and avail of top-up loans to meet their financial needs. This is making the access to capital needs for truck drivers’ community easy to grow and scale their business. This colla..

Next Story
Resources

Build Capital to Invest Rs 1.5 billion in Navi Mumbai’s RE Market in 2025

Build Capital, an innovative early-stage real estate fund, has completed its maiden investment in the Navi Mumbai market. This investment in Satyam Group’s project is part of Build’s strategy to become a preferred partner in early – stage real estate financing in Mumbai Metropolitan Region (MMR).Build Capital has further announced that it plans to invest close to Rs 1.5 billion (bn) in the Navi Mumbai market out of its total target investments of Rs. 4 bn for the year 2025. Kuldeep Jain, CEO and Co-Founder, Build Capital said, “We are plugging the existing gaps of early-stage financing..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000