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Home STOCKS Kamdhenu Q4 effects: PAT falls 60% to Rs 2 crore on lower...

Kamdhenu Q4 effects: PAT falls 60% to Rs 2 crore on lower income

New Delhi: Kamdhenu Team on Monday posted a 60 for each cent decrease in its standalone profit following tax (PAT) at Rs 2.32 crore due to lower earnings.
The business experienced posted a PAT of Rs 5.88 crore for the duration of the year-back quarter, Kamdhenu mentioned in a BSE filing.
Its total Money for the duration of the stated quarter fell to Rs 246 crore from Rs 269 crore in the calendar year-back time period.
For the duration of January-March quarter, the firm’s expenses ended up at Rs 242 crore as in opposition to Rs 249 crore for the duration of exact same interval of the previous fiscal.
The firm said it experienced to shut down its operations at various models throughout the place thanks to COVID-19 outbreak. “Even so, just after the unlocking section started in India from the 1st week of June, we have resumed productive operation of a lot more than 60 for each cent at our steel TMT bars producing models till now,” Kamdhenu Team CMD Satish Kumar Agarwal reported.
With obtaining of new orders, the materials have also started off because May perhaps 2020, he stated. Kamdhenu is adhering to all security precautions at all places of work and manufacturing units in conditions of social distancing, sanitization, sporting of hand gloves and thermal temperature examining of all staff at factories and places of work, he explained. The Gurugram-dependent Kamdhenu Group has a existence in the steel and paints phase.
Shares of the business closed 4.09 for each cent decreased at Rs 73.95 for every unit on the BSE.

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