September 08, 2008

Kamdhenu Ispat Q2 total revenue up by 19% YoY

Kamdhenu Ispat Limited has posted a total income of INR 75.68 crore in July to September 2007 quarter up by 17% YoY as against INR 64.55 crore in July to September 2006 quarter. However, the total income of July to September 2007 quarter is up by 37% QoQ from April to June 2007 quarter. The result has shown net profit growth of 19% YoY up from INR 2.81 crore in the last year corresponding quarter to INR 3.36 crore in the 2nd quarter. The net profit has registered 32% growth from the preceding 1st quarter of the same year.

Mr Satish Kumar Agarwal CMD of Kamdhenu Ispat Limited said that “Our performance this quarter is reflective of the strategic restructuring processes within the company and other developmental activities taking place within the company. However, the shareholders need not worry, as this is just a phase and we are committed to growth and better revenue propositions.”

Mr Agarwal said that “Having taken off as a reinforcement steel bar manufacturing company a decade ago, the company has realized its true potential in steel sector itself and hence we have deliberately mobilized all our strengths to restructure our business model. It is just a matter of time that the benefits of this act will start bearing fruits for all.”