Kamdhenu Limited Revenues Grew 3% YoY
Kamdhenu Limited, India’s largest manufacturer and seller of branded TMT Bars, in the retail segment, has declared its Unaudited Financial Results for the quarter and half ended 30th September 2023 “Commenting on the results and performance, Satish Kumar Agarwal, Chairman & Managing Director said, “During H1FY24, Revenues grew of 3% YoY to Rs. 394 crores, EBITDA grew by 5% YoY to Rs.29 crores and PAT grew by 22% YoY to Rs. 22 crores. Our profitability has improved on account of increased operating leverage and further driving up cost efficiency. Our total Brand Sales Turnover for H1 FY24 has increased by 17% YoY to ~Rs. 11,935 crores with franchisee volumes growing by 11% YoY for H1FY24. Revenue from Royalty income has gone up by 14% to Rs. 61.5 crores for H1FY24. In India, the demand for TMT steel bars is on an upward trajectory, spurred by robust construction activities in both urban and rural areas. These bars are favored for their strength and durability, making them essential for infrastructure development and real estate projects. As the nation continues to invest in modernization and building resilient structures, the demand for TMT bars is expected to maintain its strong growth momentum. What distinguishes us from our competitors is our franchise and dealer-driven model. With a network of 8,500+ dealers and a strong presence through our large number franchises, our brand's reach continues to expand significantly while being asset light. We also have a strong brand name when it comes to providing superior quality products, further emphasizing the company's commitment to excellence. We have successfully navigated through short term challenges by leveraging our capabilities while maintaining unwavering efficiency and will continue to do so going forward.”
Tags : Kamdhenu Limited Satish Kumar Agarwal leveraging upward trajectory TMT Bars