Kamdhenu Ltd logs net profit of Rs 1.4 cr for Q1Fy21

New Delhi: Kamdhenu Ltd today reported a consolidated net profit of Rs 1.4 crore for the first quarter of the current fiscal. 

The consolidated revenues from operations of the company stood at Rs 88 crore for the first quarter of the current fiscal, the company said in a regulatory filing.

The franchisee volume stood at Rs 4 crore for the first quarter of the current fiscal as against Rs 6.3 crore in the corresponding quarter of the previous fiscal. The profit before tax of the company fell 80 percent to Rs 1.9 crore for the first quarter of the current fiscal as compared to Rs 9.3 crore in the corresponding quarter of the previous fiscal, the company said in a statement.

The profit before tax from the steel business of the company fell 39 percent to Rs 7.8 crore for the first quarter of the current fiscal as compared to Rs 12.8 crore in the corresponding quarter of the previous fiscal.

Both steel and paints business segments were impacted because of partial shutdown of the operations due to CoVID-19 pandemic. The sales of the company from its own manufacturing stood at Rs 35 crore in the latest quarter. Steel business accounted for around 57 percent of the revenues and the rest was contributed by paints business.

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