Kamdhenu Ispat Ltd records 19% growth in net profit in 2012-13, total income up by 14%
The company's total income has gone up by more than 24% to Rs. 16665 lacs in the fourth quarter ended on March 31, 2013. While the annual total income has increased by more than 14% to Rs. 54755 lacs in the financial year 2012-13 as compared to Rs. 48151 lacs of total income registered in 2011-12.
- (1888PressRelease) June 13, 2013 - Kamdhenu Ispat Ltd., one of the leading companies in steel and construction sector in India, has posted a 35% growth with its net profit at Rs 163 lacs during the quarter ended on March 31, 2013, from Rs. 128 lacs of net profit posted in the corresponding quarter of 2011-12. The sales of the company achieved a considerable growth of 14% during the last financial year, which helps it to muster up the annual net profit of Rs 481 lacs in the financial year 2012-13 with the 19% growth from Rs 403 lacs recorded in 2011-12.
Expressing over the quarter and annual results, Mr. Satish Agarwal, CMD of Kamdhenu Ispat Ltd, said that the company's growth is even more illustrative considering the market dynamism in the last FY. The other very significant aspect of the growth story of Kamdhenu Ispat Ltd is the balanced and homogenized growth across its product portfolio.
"It is a notable feature that considering gross sale increase of either steel or the paint segment of the company the growth is around 14%, testimonial to the fact that all segments are registering phenomenal growth financially and in market shares and this growth is balanced. The 19% growth in the net profit and more than 24% growth in the total sales revenue in the fourth quarter clearly indicate the growth potential we possess. We are strategically moving ahead in the market across the country, and now we have grabbed substantial market share quite successfully." Mr. Agarwal expressed.
Kamdhenu Ispat Ltd. has also been operating through 'franchise business association model' for steel in order to promote its brand in association with various manufacturing plants spread across the country. The company is enjoying a huge marketing network of dealers and distributors to penetrate deep and wide market across the country. It promises to deliver high quality products and services to its customers at reasonable cost.
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 is more than Rs.592 crores. However, the overall brand turnover of Kamdhenu products is more than Rs.5,000 crores. The company is having more than 50 franchisee manufacturing units and 6000 dealers of paint division and 3500 dealers & distributors of steel, spread across the country.
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