Wednesday, May 29, 2024
HomeNewsTop NewsKamdhenu Ventures posts net profit of Rs 4.19 crore in Q4 FY24

Kamdhenu Ventures posts net profit of Rs 4.19 crore in Q4 FY24

Kamdhenu Ventures has reported net consolidated profit after tax of Rs 4.19 crore for the quarter ending on March 31, 2024.In contrast, the company reported a loss after tax of Rs 2.48 crore during the same quarter of the previous fiscal year, as stated in their BSE filing.

The company’s net consolidated total income stood at Rs 85.29 crore in Q4 FY24, a growth of 21.34 per cent from Rs 70.29 crore it recorded in the similar quarter last year.Saurabh Agarwal, managing director of the company said, “Revenues have grown by 12% year-on-year to Rs. 292 crore whereas EBITDA and PAT have significantly turned positive compared to last year. We have achieved EBITDA Margins of 7.7% for FY24.

The average selling price per KG per litre for FY24 stood at Rs. 90, an increase of 14% over FY23.”During the year ended March 31, 2024, the company issued 45,00,000 equity shares of Rs 5 each to Qualified Institutional Buyers (QIBs) at the rate of Rs 145 per share (i.e. at premium of Rs 140/- per share) aggregated to Rs 65.25 crore.

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