Kamdhenu Limited registers revenue growth of 52% in Q2 FY18
New Delhi, Nov 29 (IBNS): Kamdhenu Limited, manufacturer and seller of branded TMT Bars, has declared its Unaudited Financial Results for the Quarter and Half Year ended 30th September, 2017.
Declaring the results for Q2 FY18, the company's revenue has been reported up 52% to Rs. 271 crore as compared to Rs. 179 crore in Q2 FY17
The Profit before Tax (PBT) is up 70% to Rs. 5 crore as compared to Rs. 3 crore in Q2 FY17
The company's Profit after Tax has been registered up 57% to Rs. 3 crore as compared to Rs. 2 crore in Q2 FY17.
Meanwhile, the revenue has been reported up 38% to Rs. 498 crore as compared to Rs. 361 crore in H1 FY17.
The company's Profit Before Tax (PBT) is up 60% to Rs. 9 crore as compared to Rs. 6 crore in H1 FY17.
While, the Profit after Tax has ben registered up 51% to Rs. 6 crore as compared to Rs. 4 crore in H1 FY17.
Commenting on the results and performance, Satish Kumar Agarwal, Chairman & Managing Director said: “I am delighted to announce that our Company reported Revenue of Rs. 498 crores with PBT and PAT of Rs. 9 crores and Rs. 6 crores respectively in the first half of FY18. During the halfyear we have added 6 new franchisees. Our royalty income has also increased by 49% in H1 FY18."
He said over the years, Kamdhenu has been reporting a steady growth which reflects the success of its franchise business model.
"We have also taken several key growth-oriented initiatives to capitalize on industry opportunities arising out of high growth in the real estate and construction sector supported by the various steps taken by the government to achieve its Housing for All objective by 2022," said he.
According to Agarwal, the second quarter was marked by the adoption of the new GST regime which is expected to spur growth prospects of all key sectors of the economy.
"We looked at GST readiness as an opportunity to stand out from the rest of the industry which enabled us to embrace it better than other industry verticals," he said.
"We expect the 2nd Half of the Year to be better given that demand for building materials from real estate and infrastructure sector remain robust and the effects of GST is likely to settle down further,” he added.
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