Kamdhenu Ltd Registers Strong Q2 & H1 FY23 Financial Performance
Kamdhenu Limited, manufacturer and seller of branded TMT Bars, in the retail segment, declared its Unaudited Financial Results for the Quarter & Half year ended 30th September 2022. RoE stood at 25.4% as of 30th September 2022. RoCE stood at 31.1% as of 30th September 2022. Commenting on the results and performance, Satish Kumar Agarwal, Chairman & Managing Director said: “We are pleased to inform that Q2 & H1 FY23 demonstrated strong performance despite high commodity prices. Our company has reported revenue growth of 25% YoY to Rs. 191 crores, EBITDA growth of 14% YoY to Rs. 12.2 crores, and PBT growth of 7% YoY TO Rs. 10.9 crores for Q2 FY23. For H1 FY23 the company reported revenue growth of 44% YoY to Rs. 382 crores, EBITDA growth of 10% YoY to Rs. 27.6 crores, and PBT growth of 4% YoY to Rs. 24.4 crores.We have raised funds to the tune of ~ Rs. 70 Crores. This will help to reduce our debt and make us debt free. This will also help create a better brand position in the industry. For our paints business, our revenues increased by 2% YoY to Rs. 64.4 crores for Q2 FY23. For H1 FY23 our revenues increased by 24% YoY to Rs. 119.2 Crores. Demand for decorative paints has been witnessing strong traction over the past few quarters and we expect this momentum to continue on the back of the shortening of the repainting cycle, housing demand, and consumer preference to build pucca houses. We are poised for growth by focusing on the premiumization of portfolios. We command a dominant market share in the organized retail segment of the steel and paint industry. We have an increased focus on our own manufacturing & franchisee business. With our strong brand, new product categories in decorative paints, marketing and distribution network, and unique asset-light model, we are well-placed to capture any opportunities in the future.”
Tags : Kamdhenu Limited manufacturer TMT Bars Satish Kumar Agarwal Chairman & Managing Director